Lsb Industries Correlations

LXU Stock

USD 8.83 0.17 1.96%

The current 90-days correlation between Lsb Industries and Green Plains Renewable is 0.22 (i.e., Modest diversification). The correlation of Lsb Industries 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.

Lsb Industries Correlation With Market

Very weak diversification

The correlation between Lsb Industries and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lsb Industries 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 Lsb Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Lsb Stock please use our How to Invest in Lsb Industries guide.

Moving together with Lsb Stock

0.82	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.61	AG	First Majestic Silver	Pair Corr
0.75	IE	Ivanhoe Electric	Pair Corr
0.75	OR	Osisko Gold Ro	Pair Corr
0.64	RS	Reliance Steel Aluminum	Pair Corr
0.65	DRD	DRDGOLD Limited ADR	Pair Corr
0.79	HBM	Hudbay Minerals Potential Growth	Pair Corr

Moving against Lsb Stock

0.61	NG	NovaGold Resources	Pair Corr
0.33	HYMCW	Hycroft Mining Holding	Pair Corr
0.38	BAK	Braskem SA Class	Pair Corr
0.32	ERO	Ero Copper Corp	Pair Corr
0.82	HLP	Hongli Group Ordinary	Pair Corr

Related Correlations Analysis

	GPRE	ASIX	TROX	UNVR	MEOH	SIRE	VHI	HUN	WLKP	BAK
GPRE		-0.27	0.52	-0.83	-0.05	-0.8	0.06	0.58	-0.57	0.79	GPRE
ASIX	-0.27		0.28	0.51	0.63	0.49	0.19	-0.05	0.57	-0.26	ASIX
TROX	0.52	0.28		-0.37	0.16	-0.51	0.47	0.83	-0.31	0.66	TROX
UNVR	-0.83	0.51	-0.37		0.09	0.78	0.15	-0.43	0.53	-0.69	UNVR
MEOH	-0.05	0.63	0.16	0.09		0.37	-0.3	-0.29	0.69	-0.34	MEOH
SIRE	-0.8	0.49	-0.51	0.78	0.37		-0.17	-0.73	0.85	-0.88	SIRE
VHI	0.06	0.19	0.47	0.15	-0.3	-0.17		0.55	-0.44	0.3	VHI
HUN	0.58	-0.05	0.83	-0.43	-0.29	-0.73	0.55		-0.67	0.88	HUN
WLKP	-0.57	0.57	-0.31	0.53	0.69	0.85	-0.44	-0.67		-0.75	WLKP
BAK	0.79	-0.26	0.66	-0.69	-0.34	-0.88	0.3	0.88	-0.75		BAK
	GPRE	ASIX	TROX	UNVR	MEOH	SIRE	VHI	HUN	WLKP	BAK

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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

BAK	+ 0.88	HUN
WLKP	+ 0.85	SIRE
HUN	+ 0.83	TROX
BAK	+ 0.79	GPRE
SIRE	+ 0.78	UNVR
WLKP	+ 0.69	MEOH

High negative correlations

BAK	- 0.88	SIRE
UNVR	- 0.83	GPRE
SIRE	- 0.8	GPRE
BAK	- 0.75	WLKP
HUN	- 0.73	SIRE
BAK	- 0.69	UNVR

Risk-Adjusted Indicators

There is a big difference between Lsb Stock performing well and Lsb Industries 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 Lsb Industries' 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
GPRE	3.03	(0.30)	0.00	1.86	0.00	0.00	5.47	(7.90)	19.80
ASIX	1.55	(0.08)	0.01	0.08	1.65	(1.75)	3.06	(2.64)	9.70
TROX	2.24	(0.39)	0.00	(0.10)	0.00	0.00	5.18	(4.98)	17.98
UNVR	0.12	0.02	(0.81)	(0.96)	0.00	(0.15)	0.31	(0.22)	0.79
MEOH	1.59	0.03	(0.02)	0.20	2.66	(1.51)	3.29	(4.72)	10.20
SIRE	0.11	0.03	(0.67)	1.03	0.00	(0.16)	0.24	(0.20)	1.16
VHI	3.45	(0.26)	(0.03)	0.00	5.13	(3.93)	7.98	(5.35)	39.51
HUN	1.32	(0.23)	0.00	(0.19)	0.00	0.00	2.75	(3.35)	10.23
WLKP	0.44	0.08	(0.07)	0.75	0.31	(0.50)	0.87	(0.68)	2.20
BAK	2.04	(0.33)	0.00	7.60	0.00	0.00	4.69	(4.63)	13.72

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