Lakeland Industries Correlations

LAKE Stock

USD 21.61 0.38 1.73%

The current 90-days correlation between Lakeland Industries and Superior Uniform Group is 0.22 (i.e., Modest diversification). The correlation of Lakeland 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.

Lakeland Industries Correlation With Market

Average diversification

The correlation between Lakeland Industries and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lakeland 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 Lakeland 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 industry.

For information on how to trade Lakeland Stock refer to our How to Trade Lakeland Stock guide.

Moving together with Lakeland Stock

0.78	VMAR	Vision Marine Techno	Pair Corr
0.85	MOV	Movado Group Earnings Call This Week	Pair Corr
0.61	WTO	UTime Limited	Pair Corr

Moving against Lakeland Stock

0.59	VOXX	VOXX International	Pair Corr
0.57	VEEE	Twin Vee Powercats	Pair Corr
0.49	GIL	Gildan Activewear	Pair Corr
0.48	RL	Ralph Lauren Corp	Pair Corr
0.44	VNCE	Vince Holding Corp	Pair Corr
0.44	VUZI	Vuzix Corp Cmn Buyout Trend	Pair Corr
0.37	DOGZ	Dogness International Downward Rally	Pair Corr
0.32	AS	Amer Sports,	Pair Corr
0.31	HBI	Hanesbrands	Pair Corr
0.57	JD	JD Inc Adr	Pair Corr
0.54	HD	Home Depot	Pair Corr
0.53	LI	Li Auto	Pair Corr
0.52	MSN	Emerson Radio	Pair Corr
0.48	RH	RH	Pair Corr
0.46	BQ	Boqii Holding Limited	Pair Corr
0.39	IH	Ihuman Inc	Pair Corr
0.35	W	Wayfair Buyout Trend	Pair Corr
0.33	JZ	Jianzhi Education	Pair Corr

Related Correlations Analysis

	VNCE	OXM	GIL	COLM	KTB	SGC	JRSH	GIII	JXJT	DLA
VNCE		-0.03	0.04	0.07	-0.08	-0.06	-0.43	0.41	0.35	0.17	VNCE
OXM	-0.03		-0.71	0.33	-0.52	-0.38	-0.35	-0.26	0.51	0.82	OXM
GIL	0.04	-0.71		-0.04	0.84	0.78	0.5	0.42	-0.65	-0.86	GIL
COLM	0.07	0.33	-0.04		0.38	0.38	0.25	0.05	-0.03	0.05	COLM
KTB	-0.08	-0.52	0.84	0.38		0.91	0.69	0.34	-0.62	-0.82	KTB
SGC	-0.06	-0.38	0.78	0.38	0.91		0.6	0.4	-0.64	-0.73	SGC
JRSH	-0.43	-0.35	0.5	0.25	0.69	0.6		0.1	-0.65	-0.69	JRSH
GIII	0.41	-0.26	0.42	0.05	0.34	0.4	0.1		-0.27	-0.36	GIII
JXJT	0.35	0.51	-0.65	-0.03	-0.62	-0.64	-0.65	-0.27		0.75	JXJT
DLA	0.17	0.82	-0.86	0.05	-0.82	-0.73	-0.69	-0.36	0.75		DLA
	VNCE	OXM	GIL	COLM	KTB	SGC	JRSH	GIII	JXJT	DLA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SGC	+ 0.91	KTB
KTB	+ 0.84	GIL
DLA	+ 0.82	OXM
SGC	+ 0.78	GIL
DLA	+ 0.75	JXJT
JRSH	+ 0.69	KTB

High negative correlations

DLA	- 0.86	GIL
DLA	- 0.82	KTB
DLA	- 0.73	SGC
GIL	- 0.71	OXM
DLA	- 0.69	JRSH
JXJT	- 0.65	JRSH

Risk-Adjusted Indicators

There is a big difference between Lakeland Stock performing well and Lakeland 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 Lakeland 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
VNCE	3.00	0.01	0.00	0.14	3.85	(3.66)	7.78	(7.25)	35.35
OXM	1.43	(0.29)	0.00	(0.11)	0.00	0.00	2.91	(3.12)	8.17
GIL	0.82	0.23	0.14	0.99	0.68	(0.92)	2.04	(1.52)	5.38
COLM	1.20	(0.02)	(0.05)	0.08	1.57	(1.15)	2.53	(2.36)	7.71
KTB	1.45	0.33	0.15	0.71	1.40	(1.61)	3.25	(2.42)	16.49
SGC	1.49	0.21	0.14	0.28	1.43	(1.69)	4.19	(2.60)	11.72
JRSH	0.96	0.20	0.08	1.18	0.95	(1.33)	2.06	(2.67)	12.06
GIII	2.02	0.20	0.08	0.40	1.89	(2.58)	3.72	(4.17)	26.82
JXJT	3.59	(0.52)	0.00	3.10	0.00	0.00	8.28	(8.94)	31.10
DLA	7.34	(3.34)	0.00	3.70	0.00	0.00	8.03	(26.97)	38.74

Lakeland Industries Corporate Management

Charles Roberson	VP of International Sales	Profile
Cameron Stokes	Global Sales	Profile
Barry Phillips	Chief Officer	Profile
Steven Harvey	Ex Marketing	Profile
Joshua Sletten	Vice Development	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC