Lindsay Correlations

LNN Stock

USD 132.77 1.15 0.87%

The current 90-days correlation between Lindsay and Columbus McKinnon is 0.52 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lindsay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lindsay moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lindsay Correlation With Market

Very weak diversification

The correlation between Lindsay and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lindsay 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 Lindsay. 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.

To learn how to invest in Lindsay Stock, please use our How to Invest in Lindsay guide.

Moving together with Lindsay Stock

0.62	DE	Deere Company	Pair Corr
0.81	ALG	Alamo Group	Pair Corr
0.67	MTW	Manitowoc	Pair Corr
0.66	OSK	Oshkosh	Pair Corr
0.62	WNC	Wabash National	Pair Corr
0.79	GENC	Gencor Industries	Pair Corr
0.64	REVG	Rev Group Fiscal Year End 11th of December 2024	Pair Corr
0.77	ASTE	Astec Industries	Pair Corr
0.65	SHYF	Shyft Group	Pair Corr
0.75	CMCO	Columbus McKinnon	Pair Corr
0.74	R	Ryder System	Pair Corr
0.8	AL	Air Lease	Pair Corr
0.68	BE	Bloom Energy Corp	Pair Corr
0.77	CR	Crane Company	Pair Corr

Moving against Lindsay Stock

0.69	LEV	Lion Electric Corp	Pair Corr
0.55	CEAD	CEA Industries	Pair Corr
0.54	NKLA	Nikola Corp	Pair Corr
0.47	HY	Hyster Yale Materials	Pair Corr
0.51	OP	Oceanpal	Pair Corr
0.5	MG	Mistras Group	Pair Corr
0.46	ST	Sensata Technologies	Pair Corr
0.4	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.36	CP	Canadian Pacific Railway	Pair Corr
0.36	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.32	RR	Richtech Robotics Class	Pair Corr

Related Correlations Analysis

	CMCO	ASTE	SHYF	AGCO	REVG	GENC	MTW	ALG	HY	MNTX
CMCO		0.8	0.55	0.32	0.73	0.87	0.75	0.77	-0.34	0.5	CMCO
ASTE	0.8		0.88	0.01	0.82	0.85	0.88	0.95	-0.69	0.31	ASTE
SHYF	0.55	0.88		-0.2	0.76	0.64	0.77	0.86	-0.7	0.08	SHYF
AGCO	0.32	0.01	-0.2		0.05	0.31	0.12	-0.02	0.56	0.67	AGCO
REVG	0.73	0.82	0.76	0.05		0.73	0.83	0.79	-0.37	0.24	REVG
GENC	0.87	0.85	0.64	0.31	0.73		0.81	0.83	-0.4	0.65	GENC
MTW	0.75	0.88	0.77	0.12	0.83	0.81		0.78	-0.45	0.37	MTW
ALG	0.77	0.95	0.86	-0.02	0.79	0.83	0.78		-0.68	0.31	ALG
HY	-0.34	-0.69	-0.7	0.56	-0.37	-0.4	-0.45	-0.68		0.14	HY
MNTX	0.5	0.31	0.08	0.67	0.24	0.65	0.37	0.31	0.14		MNTX
	CMCO	ASTE	SHYF	AGCO	REVG	GENC	MTW	ALG	HY	MNTX

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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

ALG	+ 0.95	ASTE
SHYF	+ 0.88	ASTE
MTW	+ 0.88	ASTE
GENC	+ 0.87	CMCO
ALG	+ 0.86	SHYF
GENC	+ 0.85	ASTE

High negative correlations

HY	- 0.7	SHYF
HY	- 0.69	ASTE
HY	- 0.68	ALG
HY	- 0.45	MTW
HY	- 0.4	GENC
HY	- 0.37	REVG

Risk-Adjusted Indicators

There is a big difference between Lindsay Stock performing well and Lindsay 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 Lindsay'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
CMCO	1.77	0.02	0.08	0.14	1.72	(1.95)	3.87	(2.70)	10.66
ASTE	1.68	(0.11)	0.06	0.09	1.58	(2.09)	3.17	(2.27)	16.80
SHYF	1.92	(0.21)	(0.02)	0.03	2.39	(2.06)	4.14	(4.64)	11.33
AGCO	1.40	0.05	0.03	0.17	1.93	(1.40)	2.65	(2.75)	10.25
REVG	2.27	(0.20)	(0.01)	0.04	2.77	(2.87)	6.03	(4.30)	15.31
GENC	1.52	(0.06)	0.03	0.10	1.73	(1.69)	3.56	(3.52)	12.08
MTW	2.35	(0.25)	0.00	0.04	2.74	(2.73)	5.49	(4.10)	19.29
ALG	1.44	(0.05)	0.02	0.10	1.48	(1.52)	2.41	(2.40)	12.98
HY	1.88	(0.22)	0.00	(0.06)	0.00	0.00	3.61	(3.35)	20.12
MNTX	1.66	0.49	0.22	0.75	1.06	(2.75)	0.89	(1.58)	48.84

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