Lakeside Holding Correlations

LSH Stock   0.85  0.01  1.16%   
The current 90-days correlation between Lakeside Holding and Axcelis Technologies is 0.08 (i.e., Significant 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

Significant diversification

The correlation between Lakeside Holding Limited and DJI is 0.03 (i.e., Significant 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 against Lakeside Stock

  0.69GXO GXO LogisticsPairCorr
  0.69FWRD Forward AirPairCorr
  0.68JBHT JB Hunt TransportPairCorr
  0.66FDX FedExPairCorr
  0.57UPS United Parcel ServicePairCorr
  0.52EXPD Expeditors InternationalPairCorr
  0.52HUBG Hub GroupPairCorr
  0.5FLX BingEx Downward RallyPairCorr
  0.44RLGT Radiant LogisticsPairCorr
  0.43LSTR Landstar SystemPairCorr
  0.37AIRTP Air T IncPairCorr
  0.71R Ryder System Earnings Call This WeekPairCorr
  0.63J Jacobs SolutionsPairCorr
  0.61AZ A2Z Smart TechnologiesPairCorr
  0.61BE Bloom Energy CorpPairCorr
  0.6CHRW CH Robinson WorldwidePairCorr
  0.58BA BoeingPairCorr
  0.57BTOC Armlogi Holding CorpPairCorr
  0.55AL Air LeasePairCorr
  0.45BV BrightView HoldingsPairCorr
  0.39PBI-PB Pitney Bowes NTPairCorr
  0.38AP Ampco PittsburghPairCorr
  0.63GD General Dynamics Earnings Call This WeekPairCorr
  0.63IR Ingersoll RandPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.