Landstar System Correlations

Landstar System Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Landstar System. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Landstar Stock, please use our How to Invest in Landstar System guide.

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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    JBHT + 0.9 HUBG FWRD + 0.88 HUBG FWRD + 0.86 JBHT CHRW + 0.72 HUBG CHRW + 0.56 JBHT FWRD + 0.48 CHRW

High negative correlations    FWRD - 0.64 EXPD EXPD - 0.44 JBHT EXPD - 0.37 HUBG CHRW - 0.01 EXPD

Risk-Adjusted Indicators

There is a big difference between Landstar Stock performing well and Landstar System 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 Landstar System'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.