Lakeside Holding Correlations

Stocks . USA . 
Stock . Lakeside Holding Limited
LSH Stock   1.19  0.13  12.26%   
The current 90-days correlation between Lakeside Holding and Church Dwight is -0.07 (i.e., Good diversification). The correlation of Lakeside Holding 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.

Lakeside Holding Correlation With Market

Good diversification

The correlation between Lakeside Holding Limited and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lakeside Holding Limited 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 Lakeside Holding Limited. 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.

Moving together with Lakeside Stock

  0.83FDX FedExPairCorr
  0.63GXO GXO LogisticsPairCorr
  0.8FWRD Forward AirPairCorr
  0.81HUBG Hub GroupPairCorr
  0.8JBHT JB Hunt TransportPairCorr
  0.75LSTR Landstar SystemPairCorr
  0.62NCEW New Century LogisticsPairCorr
  0.88BTOC Armlogi Holding CorpPairCorr
  0.71J Jacobs SolutionsPairCorr
  0.79BV BrightView HoldingsPairCorr
  0.88BW Babcock Wilcox EnterPairCorr
  0.62CW Curtiss WrightPairCorr

Moving against Lakeside Stock

  0.77AIRTP Air T IncPairCorr
  0.68EXPD Expeditors InternationalPairCorr
  0.65JYD Jayud Global Logistics TrendingPairCorr
  0.55ZTO ZTO ExpressPairCorr
  0.46PAL Proficient Auto LogiPairCorr
  0.84PBI-PB Pitney Bowes NTPairCorr
  0.61G Genpact LimitedPairCorr
  0.46ATXG Addentax Group CorpPairCorr
  0.41CRGOW Freightos LimitedPairCorr
  0.39BR Broadridge FinancialPairCorr
  0.77LZ LegalZoomPairCorr
  0.73DE Deere CompanyPairCorr
  0.73EH Ehang HoldingsPairCorr
  0.73MG Mistras GroupPairCorr

Related Correlations Analysis

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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   
PG
+ 0.79
CHD
EL
+ 0.71
AVY
RBC
+ 0.58
PG
RBC
+ 0.41
CHD
EML
+ 0.35
AVY
JBGS
+ 0.27
AVY
  
High negative correlations   
RBC
- 0.51
AVY
EL
- 0.36
RBC
PG
- 0.27
AVY
AVY
- 0.18
CHD
EL
- 0.17
PG
EL
- 0.12
CHD

Risk-Adjusted Indicators

There is a big difference between Lakeside Stock performing well and Lakeside Holding 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 Lakeside Holding'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.

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