Laird Superfood Correlations

LSF Stock

USD 6.00 0.35 6.19%

The current 90-days correlation between Laird Superfood and Stryve Foods is 0.13 (i.e., Average diversification). The correlation of Laird Superfood 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.

Laird Superfood Correlation With Market

Average diversification

The correlation between Laird Superfood and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Laird Superfood 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 Laird Superfood. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in Laird Stock please use our How to Invest in Laird Superfood guide.

Moving together with Laird Stock

0.71	ABVE	Above Food Ingredients Symbol Change	Pair Corr
0.84	LW	Lamb Weston Holdings	Pair Corr
0.8	DLTR	Dollar Tree	Pair Corr
0.71	DNUT	Krispy Kreme	Pair Corr
0.84	EDBL	Edible Garden AG	Pair Corr
0.69	EEIQ	Elite Education Group	Pair Corr

Moving against Laird Stock

0.77	BUD	Anheuser Busch Inbev Sell-off Trend	Pair Corr
0.74	MO	Altria Group	Pair Corr
0.67	FMX	Fomento Economico	Pair Corr
0.63	GV	Visionary Education	Pair Corr
0.58	UL	Unilever PLC ADR	Pair Corr
0.57	KO	Coca Cola	Pair Corr
0.54	CL	Colgate Palmolive	Pair Corr
0.52	BJ	BJs Wholesale Club	Pair Corr
0.52	YI	111 Inc	Pair Corr
0.5	DG	Dollar General	Pair Corr
0.49	PM	Philip Morris Intern	Pair Corr
0.46	TR	Tootsie Roll Industries	Pair Corr
0.45	K	Kellanova Sell-off Trend	Pair Corr
0.45	PG	Procter Gamble	Pair Corr
0.43	JZ	Jianzhi Education	Pair Corr
0.43	YQ	17 Education Technology	Pair Corr
0.37	KR	Kroger Company	Pair Corr
0.69	DOLE	Dole PLC	Pair Corr
0.56	BGS	BG Foods	Pair Corr
0.54	ACU	Acme United	Pair Corr
0.5	FARM	Farmer Bros	Pair Corr
0.47	VSTA	Vasta Platform Potential Growth	Pair Corr
0.41	WYHG	Wing Yip Food	Pair Corr
0.36	ACI	Albertsons Companies	Pair Corr
0.33	BTI	British American Tobacco	Pair Corr

Related Correlations Analysis

	RIBT	BTTR	FREE	SHRG	BTOG	PLAG	SNAX	PFODF	MYLKF	BRCNF
RIBT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	RIBT
BTTR	0.0		0.0	-0.12	0.69	0.57	-0.34	0.0	-0.54	0.0	BTTR
FREE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FREE
SHRG	0.0	-0.12	0.0		-0.35	0.13	0.06	0.0	0.65	0.0	SHRG
BTOG	0.0	0.69	0.0	-0.35		0.7	-0.41	0.0	-0.73	0.0	BTOG
PLAG	0.0	0.57	0.0	0.13	0.7		-0.31	0.0	-0.29	0.0	PLAG
SNAX	0.0	-0.34	0.0	0.06	-0.41	-0.31		0.0	0.36	0.0	SNAX
PFODF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PFODF
MYLKF	0.0	-0.54	0.0	0.65	-0.73	-0.29	0.36	0.0		0.0	MYLKF
BRCNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BRCNF
	RIBT	BTTR	FREE	SHRG	BTOG	PLAG	SNAX	PFODF	MYLKF	BRCNF

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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

PLAG	+ 0.7	BTOG
BTOG	+ 0.69	BTTR
MYLKF	+ 0.65	SHRG
PLAG	+ 0.57	BTTR
MYLKF	+ 0.36	SNAX
PLAG	+ 0.13	SHRG

High negative correlations

MYLKF	- 0.73	BTOG
MYLKF	- 0.54	BTTR
SNAX	- 0.41	BTOG
BTOG	- 0.35	SHRG
SNAX	- 0.34	BTTR
SNAX	- 0.31	PLAG

Risk-Adjusted Indicators

There is a big difference between Laird Stock performing well and Laird Superfood 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 Laird Superfood'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
RIBT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTTR	3.51	(0.25)	0.00	(0.24)	0.00	0.00	5.33	(6.71)	30.68
FREE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHRG	21.68	7.30	0.25	1.07	15.00	(59.23)	99.00	(33.50)	263.03
BTOG	10.77	(0.51)	0.00	(1.77)	0.00	0.00	15.08	(22.58)	148.46
PLAG	4.05	(0.51)	0.00	0.91	0.00	0.00	8.95	(7.87)	22.70
SNAX	5.52	0.70	0.06	0.37	8.16	(7.60)	21.88	(22.22)	50.79
PFODF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MYLKF	37.78	20.46	0.00	5.32	0.00	0.00	52.00	0.00	1,000.00
BRCNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Laird Superfood Corporate Management

Jamie Eichman	Chief Officer	Profile
Daryl Moore	VP Sales	Profile
Gabrielle Reece	Chief Ambassador	Profile
Andrew Judd	Chief Officer	Profile
Steven Richie	General Secretary	Profile
Anya Hamill	Interim Officer	Profile

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