Lancaster Colony Correlations

LANC Stock

USD 181.98 2.48 1.38%

The current 90-days correlation between Lancaster Colony and Better Choice is 0.04 (i.e., Significant diversification). The correlation of Lancaster Colony 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.

Lancaster Colony Correlation With Market

Weak diversification

The correlation between Lancaster Colony and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lancaster Colony 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 Lancaster Colony. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving against Lancaster Stock

0.58	ADM	Archer Daniels Midland	Pair Corr
0.54	BG	Bunge Limited	Pair Corr
0.48	DDC	DDC Enterprise	Pair Corr
0.47	BUD	Anheuser Busch Inbev	Pair Corr
0.45	GIS	General Mills	Pair Corr
0.41	BGS	BG Foods	Pair Corr
0.4	CPB	Campbell Soup	Pair Corr
0.38	HRL	Hormel Foods Earnings Call This Week	Pair Corr
0.36	CAG	ConAgra Foods	Pair Corr
0.35	EDBL	Edible Garden AG	Pair Corr
0.35	FLO	Flowers Foods	Pair Corr
0.34	FARM	Farmer Bros	Pair Corr
0.45	KHC	Kraft Heinz	Pair Corr
0.42	VFF	Village Farms Intern	Pair Corr
0.41	RGF	Real Good Food	Pair Corr
0.38	HSY	Hershey	Pair Corr
0.38	THS	Treehouse Foods	Pair Corr
0.35	MKC	McCormick Company Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	BTTR	BDPT	BEOLF	BON	GHAV	BTOG	PLAG
BTTR		0.15	0.23	0.57	0.63	-0.01	-0.41	BTTR
BDPT	0.15		0.41	0.25	-0.04	0.22	-0.19	BDPT
BEOLF	0.23	0.41		0.44	0.05	0.15	-0.5	BEOLF
BON	0.57	0.25	0.44		0.13	0.29	-0.58	BON
GHAV	0.63	-0.04	0.05	0.13		-0.47	0.17	GHAV
BTOG	-0.01	0.22	0.15	0.29	-0.47		-0.57	BTOG
PLAG	-0.41	-0.19	-0.5	-0.58	0.17	-0.57		PLAG
	BTTR	BDPT	BEOLF	BON	GHAV	BTOG	PLAG

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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

GHAV	+ 0.63	BTTR
BON	+ 0.57	BTTR
BON	+ 0.44	BEOLF
BEOLF	+ 0.41	BDPT
BTOG	+ 0.29	BON
BON	+ 0.25	BDPT

High negative correlations

PLAG	- 0.58	BON
PLAG	- 0.57	BTOG
PLAG	- 0.5	BEOLF
BTOG	- 0.47	GHAV
PLAG	- 0.41	BTTR
PLAG	- 0.19	BDPT

Risk-Adjusted Indicators

There is a big difference between Lancaster Stock performing well and Lancaster Colony 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 Lancaster Colony'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
BTTR	5.80	(0.61)	0.00	(0.19)	0.00	0.00	9.94	(12.38)	33.95
BDPT	11.26	0.75	0.01	(0.09)	13.85	(34.16)	50.00	(33.33)	121.43
BEOLF	2.02	0.04	0.00	0.16	2.51	(3.13)	5.93	(4.55)	21.61
BON	3.82	(0.48)	0.00	(0.96)	0.00	0.00	9.09	(6.76)	19.07
GHAV	6.61	0.85	0.04	(0.40)	7.73	(16.30)	20.00	(16.67)	49.49
BTOG	4.83	(0.19)	0.00	(0.16)	0.00	0.00	11.49	(11.38)	33.17
PLAG	6.92	1.58	0.16	(0.64)	6.82	(9.49)	25.42	(12.24)	57.53

Lancaster Colony Corporate Executives

Elected by the shareholders, the Lancaster Colony's board of directors comprises two types of representatives: Lancaster Colony inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lancaster. The board's role is to monitor Lancaster Colony's management team and ensure that shareholders' interests are well served. Lancaster Colony's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lancaster Colony's outside directors are responsible for providing unbiased perspectives on the board's policies.

Douglas Fell

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