Lamar Advertising Correlations

LAMR Stock

USD 120.09 0.30 0.25%

The current 90-days correlation between Lamar Advertising and Rayonier is 0.68 (i.e., Poor diversification). The correlation of Lamar Advertising 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.

Lamar Advertising Correlation With Market

Very poor diversification

The correlation between Lamar Advertising and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lamar Advertising and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lamar Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lamar Advertising. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Lamar Stock, please use our How to Invest in Lamar Advertising guide.

Moving together with Lamar Stock

0.69	EPRT	Essential Properties	Pair Corr
0.93	EQIX	Equinix	Pair Corr
0.71	WELL	Welltower	Pair Corr
0.67	ESBA	Empire State Realty	Pair Corr
0.71	ESRT	Empire State Realty	Pair Corr
0.69	AAT	American Assets Trust	Pair Corr
0.89	AHR	American Healthcare REIT,	Pair Corr
0.92	ALX	Alexanders	Pair Corr
0.71	BDN	Brandywine Realty Trust	Pair Corr
0.82	BXP	Boston Properties	Pair Corr
0.83	CDP	COPT Defense Properties	Pair Corr

Moving against Lamar Stock

0.47	HR	Healthcare Realty Trust	Pair Corr
0.46	WHLR	Wheeler Real Estate	Pair Corr
0.43	ARE	Alexandria Real Estate	Pair Corr
0.48	DOC	Healthpeak Properties	Pair Corr
0.39	ELS	Equity Lifestyle Pro	Pair Corr

Related Correlations Analysis

	RYN	GLPI	EPR	AFCG	WY	FPI	LAND	PCH	OUT
RYN		0.93	-0.33	0.66	0.82	0.06	0.62	0.94	0.1	RYN
GLPI	0.93		-0.3	0.57	0.72	0.0	0.62	0.84	0.02	GLPI
EPR	-0.33	-0.3		-0.07	0.16	0.81	0.39	-0.07	0.79	EPR
AFCG	0.66	0.57	-0.07		0.71	0.1	0.55	0.69	0.4	AFCG
WY	0.82	0.72	0.16	0.71		0.5	0.79	0.94	0.54	WY
FPI	0.06	0.0	0.81	0.1	0.5		0.63	0.32	0.77	FPI
LAND	0.62	0.62	0.39	0.55	0.79	0.63		0.75	0.6	LAND
PCH	0.94	0.84	-0.07	0.69	0.94	0.32	0.75		0.37	PCH
OUT	0.1	0.02	0.79	0.4	0.54	0.77	0.6	0.37		OUT
	RYN	GLPI	EPR	AFCG	WY	FPI	LAND	PCH	OUT

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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

PCH	+ 0.94	RYN
PCH	+ 0.94	WY
GLPI	+ 0.93	RYN
PCH	+ 0.84	GLPI
WY	+ 0.82	RYN
FPI	+ 0.81	EPR

High negative correlations

EPR	- 0.33	RYN
EPR	- 0.3	GLPI
PCH	- 0.07	EPR
AFCG	- 0.07	EPR
FPI	- 0.0	GLPI

Risk-Adjusted Indicators

There is a big difference between Lamar Stock performing well and Lamar Advertising 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 Lamar Advertising'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
RYN	1.23	(0.32)	0.00	(0.39)	0.00	0.00	1.64	(3.39)	8.16
GLPI	0.96	(0.11)	0.00	(0.20)	0.00	0.00	1.84	(2.25)	6.75
EPR	1.26	0.19	0.09	0.25	1.83	(1.25)	2.63	(2.83)	10.62
AFCG	2.83	(0.41)	0.00	(0.24)	0.00	0.00	5.30	(7.00)	31.94
WY	1.49	(0.20)	0.00	(0.17)	0.00	0.00	2.36	(3.92)	11.36
FPI	1.14	0.03	0.01	0.07	1.53	(1.23)	3.08	(2.76)	8.54
LAND	1.49	(0.07)	0.00	(0.11)	0.00	0.00	2.72	(3.87)	8.40
PCH	1.50	(0.26)	0.00	(0.25)	0.00	0.00	2.59	(3.57)	9.38
OUT	1.88	(0.03)	(0.01)	0.01	2.61	(2.16)	2.76	(4.62)	19.41

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