Lamb Weston Correlations

LW Stock

USD 51.77 0.52 0.99%

The current 90-days correlation between Lamb Weston Holdings and Allegion PLC is 0.25 (i.e., Modest diversification). The correlation of Lamb Weston 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.

Lamb Weston Correlation With Market

Good diversification

The correlation between Lamb Weston Holdings and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lamb Weston Holdings 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 Lamb Weston Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Lamb Stock

0.63	MO	Altria Group	Pair Corr
0.61	KLG	WK Kellogg	Pair Corr
0.88	SAM	Boston Beer	Pair Corr
0.67	TAP	Molson Coors Brewing	Pair Corr
0.79	TSN	Tyson Foods	Pair Corr
0.75	UVV	Universal	Pair Corr
0.84	LWAY	Lifeway Foods	Pair Corr
0.81	ABEV	Ambev SA ADR Earnings Call Tomorrow	Pair Corr
0.87	CVGW	Calavo Growers	Pair Corr
0.82	BG	Bunge Limited	Pair Corr
0.86	CL	Colgate Palmolive	Pair Corr
0.75	GO	Grocery Outlet Holding	Pair Corr
0.62	PG	Procter Gamble	Pair Corr
0.75	TR	Tootsie Roll Industries	Pair Corr
0.7	UL	Unilever PLC ADR	Pair Corr
0.84	DNUT	Krispy Kreme	Pair Corr
0.81	DOLE	Dole PLC Earnings Call Tomorrow	Pair Corr

Moving against Lamb Stock

0.85	K	Kellanova Earnings Call This Week	Pair Corr
0.7	CCU	Compania Cervecerias	Pair Corr
0.5	BOF	BranchOut Food Common	Pair Corr
0.47	VITL	Vital Farms Earnings Call Next Week	Pair Corr
0.46	BTI	British American Tobacco	Pair Corr
0.46	KR	Kroger Company	Pair Corr
0.41	BJ	BJs Wholesale Club Earnings Call Next Week	Pair Corr
0.36	KO	Coca Cola Aggressive Push	Pair Corr
0.75	BRLSW	Borealis Foods	Pair Corr
0.71	UG	United Guardian	Pair Corr
0.65	WAFU	Wah Fu Education Buyout Trend	Pair Corr
0.6	VSTA	Vasta Platform	Pair Corr
0.59	WILC	G Willi Food	Pair Corr
0.56	EWCZ	European Wax Center	Pair Corr

Related Correlations Analysis

	ALLE	EVRG	FTV	IQV	GL
ALLE		-0.07	-0.1	0.09	-0.6	ALLE
EVRG	-0.07		0.75	-0.06	0.69	EVRG
FTV	-0.1	0.75		0.34	0.74	FTV
IQV	0.09	-0.06	0.34		0.14	IQV
GL	-0.6	0.69	0.74	0.14		GL
	ALLE	EVRG	FTV	IQV	GL

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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

FTV	+ 0.75	EVRG
GL	+ 0.74	FTV
GL	+ 0.69	EVRG
IQV	+ 0.34	FTV
GL	+ 0.14	IQV
IQV	+ 0.09	ALLE

High negative correlations

GL	- 0.6	ALLE
FTV	- 0.1	ALLE
EVRG	- 0.07	ALLE
IQV	- 0.06	EVRG

Risk-Adjusted Indicators

There is a big difference between Lamb Stock performing well and Lamb Weston 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 Lamb Weston'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
ALLE	0.94	(0.13)	0.00	(0.22)	0.00	0.00	1.45	(2.50)	7.86
EVRG	0.64	0.12	0.13	0.43	0.72	(0.65)	1.35	(1.59)	3.61
FTV	0.85	0.11	0.10	0.12	0.90	(0.93)	1.87	(1.85)	4.65
IQV	1.17	0.02	0.02	0.03	1.33	(1.31)	2.20	(2.63)	7.16
GL	0.88	0.18	0.14	2.31	1.02	(0.88)	1.89	(1.74)	5.80

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