LCI Industries Correlations

LCII Stock

USD 119.35 3.71 3.21%

The current 90-days correlation between LCI Industries and BRP Inc is 0.53 (i.e., Very weak diversification). The correlation of LCI 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.

LCI Industries Correlation With Market

Poor diversification

The correlation between LCI Industries and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LCI 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 LCI 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 gross domestic product.

For more detail on how to invest in LCI Stock please use our How to Invest in LCI Industries guide.

Moving together with LCI Stock

0.61

FOXF

Fox Factory Holding

Pair Corr

Moving against LCI Stock

0.39	WKSP	Worksport	Pair Corr
0.44	NWTN	NWTN Class B	Pair Corr
0.43	VFSWW	VinFast Auto	Pair Corr

Related Correlations Analysis

	MCFT	DOOO	MBUU	WGO	BC	PII	MPX	THO	VEEE	CMOT
MCFT		-0.14	0.14	0.71	0.18	-0.35	0.53	0.35	-0.17	0.19	MCFT
DOOO	-0.14		-0.81	-0.04	-0.3	0.86	-0.47	-0.33	-0.16	0.31	DOOO
MBUU	0.14	-0.81		0.32	0.67	-0.57	0.64	0.59	0.36	-0.44	MBUU
WGO	0.71	-0.04	0.32		0.52	-0.04	0.67	0.7	0.07	0.01	WGO
BC	0.18	-0.3	0.67	0.52		0.06	0.78	0.74	0.68	-0.22	BC
PII	-0.35	0.86	-0.57	-0.04	0.06		-0.31	-0.15	0.24	0.2	PII
MPX	0.53	-0.47	0.64	0.67	0.78	-0.31		0.74	0.4	-0.28	MPX
THO	0.35	-0.33	0.59	0.7	0.74	-0.15	0.74		0.21	-0.2	THO
VEEE	-0.17	-0.16	0.36	0.07	0.68	0.24	0.4	0.21		-0.06	VEEE
CMOT	0.19	0.31	-0.44	0.01	-0.22	0.2	-0.28	-0.2	-0.06		CMOT
	MCFT	DOOO	MBUU	WGO	BC	PII	MPX	THO	VEEE	CMOT

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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

PII	+ 0.86	DOOO
MPX	+ 0.78	BC
THO	+ 0.74	BC
THO	+ 0.74	MPX
WGO	+ 0.71	MCFT
THO	+ 0.7	WGO

High negative correlations

MBUU	- 0.81	DOOO
PII	- 0.57	MBUU
MPX	- 0.47	DOOO
CMOT	- 0.44	MBUU
PII	- 0.35	MCFT
THO	- 0.33	DOOO

Risk-Adjusted Indicators

There is a big difference between LCI Stock performing well and LCI 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 LCI 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
MCFT	1.93	(0.13)	0.03	0.05	2.09	(2.27)	4.13	(3.53)	28.49
DOOO	1.61	(0.62)	0.00	(0.57)	0.00	0.00	2.15	(4.08)	13.51
MBUU	1.89	0.18	0.09	0.23	1.94	(2.24)	4.07	(3.49)	11.17
WGO	1.80	(0.14)	(0.01)	0.02	2.50	(1.98)	3.89	(3.71)	15.47
BC	1.55	(0.07)	0.00	0.05	1.67	(1.68)	3.84	(2.82)	8.89
PII	1.53	(0.43)	0.00	(0.26)	0.00	0.00	3.10	(3.06)	14.62
MPX	1.15	0.00	0.02	0.08	1.31	(1.34)	2.89	(2.16)	9.43
THO	1.64	(0.01)	0.02	0.08	1.87	(1.82)	4.29	(2.77)	10.61
VEEE	5.05	0.25	0.03	0.45	6.06	(6.73)	15.09	(10.00)	39.05
CMOT	59.68	27.40	0.43	3.12	20.81	(201.04)	78.57	(42.50)	1,189

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