Limoneira Correlations

LMNR Stock

USD 17.60 0.58 3.19%

The current 90-days correlation between Limoneira and Alico Inc is 0.24 (i.e., Modest diversification). The correlation of Limoneira is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Limoneira Correlation With Market

Very weak diversification

The correlation between Limoneira Co and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Limoneira Co and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Limoneira Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Limoneira Stock

0.77	FLO	Flowers Foods	Pair Corr
0.63	HRL	Hormel Foods	Pair Corr
0.84	SAM	Boston Beer	Pair Corr
0.71	STZ	Constellation Brands Sell-off Trend	Pair Corr
0.73	XXII	22nd Century Group Earnings Call This Week	Pair Corr
0.66	JBSS	John B Sanfilippo	Pair Corr
0.63	LWAY	Lifeway Foods	Pair Corr
0.86	RKDA	Arcadia Biosciences Earnings Call This Week	Pair Corr
0.8	RMCF	Rocky Mountain Chocolate	Pair Corr
0.84	BRFS	BRF SA ADR	Pair Corr
0.68	GO	Grocery Outlet Holding	Pair Corr

Moving against Limoneira Stock

0.84	K	Kellanova Sell-off Trend	Pair Corr
0.79	CCU	Compania Cervecerias	Pair Corr
0.66	BTI	British American Tobacco	Pair Corr
0.66	FMX	Fomento Economico	Pair Corr
0.65	PM	Philip Morris Intern	Pair Corr
0.61	PAVS	Paranovus Entertainment	Pair Corr
0.59	BUD	Anheuser Busch Inbev Sell-off Trend	Pair Corr
0.51	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.47	JVA	Coffee Holding	Pair Corr
0.76	WVVI	Willamette Valley Earnings Call This Week	Pair Corr
0.71	YQ	17 Education Technology	Pair Corr
0.65	BJ	BJs Wholesale Club	Pair Corr
0.62	MO	Altria Group	Pair Corr
0.6	KO	Coca Cola	Pair Corr
0.54	BRLSW	Borealis Foods	Pair Corr
0.5	KR	Kroger Company	Pair Corr
0.39	FARM	Farmer Bros	Pair Corr
0.34	UG	United Guardian	Pair Corr

Related Correlations Analysis

	DOLE	ALCO	AGRO	CALM	FDP	AFRI	MRVSY	VITL	LND	BG
DOLE		-0.33	0.67	-0.54	-0.02	-0.54	0.51	-0.62	0.15	-0.13	DOLE
ALCO	-0.33		-0.1	0.24	-0.67	-0.28	0.1	0.27	0.38	-0.31	ALCO
AGRO	0.67	-0.1		-0.79	-0.39	-0.68	0.57	-0.75	-0.01	-0.18	AGRO
CALM	-0.54	0.24	-0.79		0.43	0.69	-0.52	0.86	0.34	0.31	CALM
FDP	-0.02	-0.67	-0.39	0.43		0.74	-0.5	0.41	-0.06	0.66	FDP
AFRI	-0.54	-0.28	-0.68	0.69	0.74		-0.58	0.7	-0.1	0.48	AFRI
MRVSY	0.51	0.1	0.57	-0.52	-0.5	-0.58		-0.58	-0.17	-0.41	MRVSY
VITL	-0.62	0.27	-0.75	0.86	0.41	0.7	-0.58		0.24	0.51	VITL
LND	0.15	0.38	-0.01	0.34	-0.06	-0.1	-0.17	0.24		-0.03	LND
BG	-0.13	-0.31	-0.18	0.31	0.66	0.48	-0.41	0.51	-0.03		BG
	DOLE	ALCO	AGRO	CALM	FDP	AFRI	MRVSY	VITL	LND	BG

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VITL	+ 0.86	CALM
AFRI	+ 0.74	FDP
VITL	+ 0.7	AFRI
AFRI	+ 0.69	CALM
AGRO	+ 0.67	DOLE
BG	+ 0.66	FDP

High negative correlations

CALM	- 0.79	AGRO
VITL	- 0.75	AGRO
AFRI	- 0.68	AGRO
FDP	- 0.67	ALCO
VITL	- 0.62	DOLE
VITL	- 0.58	MRVSY

Risk-Adjusted Indicators

There is a big difference between Limoneira Stock performing well and Limoneira Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Limoneira's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DOLE	1.18	0.02	0.00	(0.04)	0.00	0.00	2.00	(2.79)	7.45
ALCO	1.66	0.21	0.16	0.35	1.45	(2.28)	3.50	(2.67)	23.20
AGRO	1.16	0.01	0.05	(0.01)	1.40	(1.29)	1.61	(2.18)	14.34
CALM	2.44	(0.08)	0.00	(0.13)	0.00	0.00	4.18	(6.47)	17.40
FDP	0.96	(0.14)	0.00	(0.43)	0.00	0.00	1.43	(2.28)	5.70
AFRI	1.06	(0.22)	0.00	(0.53)	0.00	0.00	2.66	(2.00)	11.21
MRVSY	7.04	0.70	0.08	(0.30)	8.80	(13.10)	26.13	(17.18)	77.92
VITL	2.85	(0.24)	0.00	(0.23)	0.00	0.00	5.53	(7.36)	17.19
LND	1.23	0.04	0.05	0.02	1.62	(1.29)	2.77	(3.23)	6.11
BG	1.21	(0.18)	0.00	0.70	0.00	0.00	1.92	(2.49)	11.84

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