Lancaster Colony Correlations

LANC Stock

USD 169.43 0.53 0.31%

The current 90-days correlation between Lancaster Colony and Treehouse Foods is 0.34 (i.e., Weak 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

Modest diversification

The correlation between Lancaster Colony and DJI is 0.24 (i.e., Modest 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 together with Lancaster Stock

0.63	WEST	Westrock Coffee	Pair Corr
0.7	SAM	Boston Beer	Pair Corr
0.66	STZ	Constellation Brands	Pair Corr
0.78	INGR	Ingredion Incorporated Earnings Call This Week	Pair Corr
0.69	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.79	LW	Lamb Weston Holdings	Pair Corr
0.71	DOLE	Dole PLC	Pair Corr

Moving against Lancaster Stock

0.61	K	Kellanova Earnings Call This Week	Pair Corr
0.59	PAVS	Paranovus Entertainment	Pair Corr
0.31	SNAXW	Stryve Foods	Pair Corr
0.49	DLTR	Dollar Tree	Pair Corr
0.41	BRID	Bridgford Foods	Pair Corr

Related Correlations Analysis

	THS	JBSS	SENEA	SENEB	JJSF	BRID	BRBR	POST	HAIN	SMPL
THS		0.31	-0.51	0.13	0.21	-0.34	-0.59	-0.1	0.4	-0.44	THS
JBSS	0.31		-0.07	0.29	-0.14	0.2	-0.21	0.06	0.0	-0.29	JBSS
SENEA	-0.51	-0.07		0.3	-0.37	0.85	0.8	0.34	-0.48	0.66	SENEA
SENEB	0.13	0.29	0.3		-0.48	0.49	0.12	-0.08	-0.37	-0.09	SENEB
JJSF	0.21	-0.14	-0.37	-0.48		-0.66	-0.13	0.58	0.86	0.22	JJSF
BRID	-0.34	0.2	0.85	0.49	-0.66		0.53	0.04	-0.67	0.3	BRID
BRBR	-0.59	-0.21	0.8	0.12	-0.13	0.53		0.5	-0.27	0.87	BRBR
POST	-0.1	0.06	0.34	-0.08	0.58	0.04	0.5		0.56	0.67	POST
HAIN	0.4	0.0	-0.48	-0.37	0.86	-0.67	-0.27	0.56		0.09	HAIN
SMPL	-0.44	-0.29	0.66	-0.09	0.22	0.3	0.87	0.67	0.09		SMPL
	THS	JBSS	SENEA	SENEB	JJSF	BRID	BRBR	POST	HAIN	SMPL

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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

SMPL	+ 0.87	BRBR
HAIN	+ 0.86	JJSF
BRID	+ 0.85	SENEA
BRBR	+ 0.8	SENEA
SMPL	+ 0.67	POST
SMPL	+ 0.66	SENEA

High negative correlations

HAIN	- 0.67	BRID
BRID	- 0.66	JJSF
BRBR	- 0.59	THS
SENEA	- 0.51	THS
JJSF	- 0.48	SENEB
HAIN	- 0.48	SENEA

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
THS	1.65	(0.13)	0.00	(0.75)	0.00	0.00	3.00	(3.55)	17.32
JBSS	1.27	(0.11)	0.00	(0.55)	0.00	0.00	2.46	(2.52)	10.93
SENEA	1.48	0.23	0.09	0.79	1.65	(1.63)	3.12	(2.43)	13.63
SENEB	1.46	0.24	0.07	0.82	1.47	(2.55)	4.02	(2.64)	17.89
JJSF	1.12	(0.29)	0.00	(0.67)	0.00	0.00	2.23	(2.56)	9.60
BRID	1.51	0.17	0.05	1.48	1.62	(1.79)	4.07	(2.85)	10.57
BRBR	1.17	0.24	0.15	0.58	1.09	(1.25)	2.80	(2.07)	6.20
POST	0.91	(0.12)	0.00	(0.18)	0.00	0.00	2.07	(1.85)	6.08
HAIN	2.90	(0.72)	0.00	(1.34)	0.00	0.00	5.48	(8.18)	21.55
SMPL	1.35	0.25	0.11	0.79	1.60	(1.54)	3.35	(3.03)	9.70

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

CFO, VP, Treasurer and Assistant Secretary

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