LSI Industries Correlations

LYTS Stock

USD 17.58 0.05 0.29%

The current 90-days correlation between LSI Industries and CTS Corporation is 0.49 (i.e., Very weak diversification). The correlation of LSI 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.

LSI Industries Correlation With Market

Very weak diversification

The correlation between LSI Industries and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LSI Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LSI Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LSI 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 estimate.

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

Moving together with LSI Stock

0.88	DSWL	Deswell Industries	Pair Corr
0.77	APH	Amphenol Earnings Call This Week	Pair Corr
0.69	ROG	Rogers Earnings Call This Week	Pair Corr
0.78	TEL	TE Connectivity Earnings Call This Week	Pair Corr
0.78	LFUS	Littelfuse	Pair Corr
0.61	HOLOW	MicroCloud Hologram	Pair Corr
0.74	LPTH	LightPath Technologies	Pair Corr
0.8	MTEK	Maris Tech	Pair Corr
0.66	MTEKW	Maris Tech Warrants	Pair Corr
0.87	ALNT	Allient	Pair Corr
0.62	SGMA	SigmaTron International	Pair Corr
0.88	TTMI	TTM Technologies	Pair Corr
0.82	DAKT	Daktronics	Pair Corr
0.82	J	Jacobs Solutions	Pair Corr
0.93	R	Ryder System Earnings Call This Week	Pair Corr
0.81	DIST	Distoken Acquisition	Pair Corr
0.69	AL	Air Lease	Pair Corr
0.83	AZ	A2Z Smart Technologies	Pair Corr
0.76	BA	Boeing	Pair Corr
0.83	BE	Bloom Energy Corp	Pair Corr
0.71	BW	Babcock Wilcox Enter	Pair Corr
0.72	BZ	Kanzhun Ltd ADR	Pair Corr
0.66	CP	Canadian Pacific Railway	Pair Corr
0.78	CR	Crane Company	Pair Corr
0.78	CW	Curtiss Wright	Pair Corr
0.61	DE	Deere Company	Pair Corr
0.77	DY	Dycom Industries	Pair Corr

Moving against LSI Stock

0.75	MPTI	M tron Industries,	Pair Corr
0.53	HOLO	MicroCloud Hologram	Pair Corr
0.38	OST	Ostin Technology	Pair Corr
0.73	SELX	Semilux International	Pair Corr
0.47	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	PLXS	OSIS	CTS	BHE	MEI	BELFA	SANM	BELFB	RELL
PLXS		0.66	0.93	0.82	0.75	0.75	0.86	0.8	0.93	PLXS
OSIS	0.66		0.74	0.3	0.72	0.3	0.4	0.36	0.62	OSIS
CTS	0.93	0.74		0.75	0.82	0.66	0.73	0.7	0.88	CTS
BHE	0.82	0.3	0.75		0.58	0.84	0.87	0.85	0.8	BHE
MEI	0.75	0.72	0.82	0.58		0.59	0.6	0.62	0.67	MEI
BELFA	0.75	0.3	0.66	0.84	0.59		0.93	0.99	0.8	BELFA
SANM	0.86	0.4	0.73	0.87	0.6	0.93		0.95	0.89	SANM
BELFB	0.8	0.36	0.7	0.85	0.62	0.99	0.95		0.83	BELFB
RELL	0.93	0.62	0.88	0.8	0.67	0.8	0.89	0.83		RELL
	PLXS	OSIS	CTS	BHE	MEI	BELFA	SANM	BELFB	RELL

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Risk-Adjusted Indicators

There is a big difference between LSI Stock performing well and LSI 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 LSI 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
PLXS	1.11	0.04	0.02	0.18	1.09	(1.27)	2.47	(2.10)	6.55
OSIS	1.55	0.02	0.01	0.15	2.30	(1.47)	3.22	(3.17)	17.06
CTS	1.51	0.00	0.02	0.13	1.58	(1.78)	3.09	(2.78)	9.74
BHE	1.44	0.03	0.02	0.16	2.94	(1.55)	3.22	(1.98)	18.09
MEI	2.63	0.16	0.04	0.23	5.16	(2.57)	5.59	(3.57)	33.90
BELFA	2.20	0.30	0.15	0.32	1.96	(2.46)	4.98	(3.59)	13.68
SANM	1.42	0.31	0.19	0.44	1.41	(1.69)	2.86	(2.48)	8.16
BELFB	1.85	0.43	0.21	0.52	1.69	(2.13)	4.04	(3.30)	10.99
RELL	1.89	0.07	0.05	0.18	2.02	(2.08)	3.89	(3.43)	10.26

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