Lifecore Biomedical Correlations

LFCR Stock

7.31 0.33 4.73%

The current 90-days correlation between Lifecore Biomedical and Alimera Sciences is -0.08 (i.e., Good diversification). The correlation of Lifecore Biomedical 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.

Lifecore Biomedical Correlation With Market

Average diversification

The correlation between Lifecore Biomedical and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifecore Biomedical 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 Lifecore Biomedical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Lifecore Stock, please use our How to Invest in Lifecore Biomedical guide.

Moving together with Lifecore Stock

0.76	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.79	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.64	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Lifecore Stock

0.8	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.79	TCHH	Trustcash Holdings	Pair Corr
0.78	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.76	AGL	agilon health Buyout Trend	Pair Corr
0.73	ME	23Andme Holding	Pair Corr
0.69	MTEM	Molecular Templates	Pair Corr
0.68	NKTX	Nkarta Inc	Pair Corr
0.62	A	Agilent Technologies Earnings Call Today	Pair Corr
0.61	VALN	Valneva SE ADR	Pair Corr
0.59	TPST	Tempest Therapeutics	Pair Corr
0.53	IPSC	Century Therapeutics	Pair Corr
0.39	BACK	IMAC Holdings	Pair Corr
0.35	CYRX	Cryoport	Pair Corr
0.34	EQ	Equillium	Pair Corr
0.87	KO	Coca Cola Aggressive Push	Pair Corr
0.84	HYMTF	Hyundai Motor	Pair Corr
0.77	TLK	Telkom Indonesia Tbk	Pair Corr
0.59	EC	Ecopetrol SA ADR	Pair Corr
0.56	SHG	Shinhan Financial	Pair Corr
0.52	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.44	WF	Woori Financial Group	Pair Corr
0.36	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	MNK	LSDI	ALIM	ADMP	SHPH	CTLT	TLRY	KMDA	CPIX	IRWD
MNK		0.81	-0.64	0.84	0.73	0.26	0.59	-0.22	0.74	0.5	MNK
LSDI	0.81		-0.61	0.98	0.75	0.17	0.52	-0.11	0.67	0.56	LSDI
ALIM	-0.64	-0.61		-0.65	-0.64	-0.06	-0.34	-0.19	-0.6	-0.59	ALIM
ADMP	0.84	0.98	-0.65		0.81	0.14	0.58	-0.09	0.69	0.58	ADMP
SHPH	0.73	0.75	-0.64	0.81		-0.03	0.68	-0.01	0.61	0.64	SHPH
CTLT	0.26	0.17	-0.06	0.14	-0.03		0.17	-0.54	0.4	0.16	CTLT
TLRY	0.59	0.52	-0.34	0.58	0.68	0.17		-0.47	0.69	0.4	TLRY
KMDA	-0.22	-0.11	-0.19	-0.09	-0.01	-0.54	-0.47		-0.45	0.17	KMDA
CPIX	0.74	0.67	-0.6	0.69	0.61	0.4	0.69	-0.45		0.64	CPIX
IRWD	0.5	0.56	-0.59	0.58	0.64	0.16	0.4	0.17	0.64		IRWD
	MNK	LSDI	ALIM	ADMP	SHPH	CTLT	TLRY	KMDA	CPIX	IRWD

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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

ADMP	+ 0.98	LSDI
ADMP	+ 0.84	MNK
LSDI	+ 0.81	MNK
SHPH	+ 0.81	ADMP
SHPH	+ 0.75	LSDI
CPIX	+ 0.74	MNK

High negative correlations

ADMP	- 0.65	ALIM
SHPH	- 0.64	ALIM
ALIM	- 0.64	MNK
ALIM	- 0.61	LSDI
CPIX	- 0.6	ALIM
IRWD	- 0.59	ALIM

Risk-Adjusted Indicators

There is a big difference between Lifecore Stock performing well and Lifecore Biomedical 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 Lifecore Biomedical'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
MNK	16.59	1.90	0.10	(0.64)	13.99	(33.75)	12.50	(30.95)	504.19
LSDI	298.43	147.97	3.23	5.56	27.98	(972.40)	550.00	(81.82)	3,998
ALIM	2.74	1.28	0.64	(57.68)	0.37	(4.03)	3.28	(0.72)	82.36
ADMP	4.75	(1.86)	0.00	(2.69)	0.00	0.00	8.72	(11.60)	40.76
SHPH	5.63	(1.03)	0.00	17.64	0.00	0.00	10.08	(13.02)	50.96
CTLT	0.44	(0.02)	(0.19)	0.08	0.35	(0.51)	1.12	(0.65)	3.36
TLRY	2.26	(0.42)	0.00	1.18	0.00	0.00	4.94	(4.55)	21.22
KMDA	1.24	0.00	(0.02)	0.13	1.57	(1.47)	3.04	(2.82)	8.10
CPIX	1.79	(0.46)	0.00	(0.67)	0.00	0.00	3.51	(4.69)	10.64
IRWD	3.38	(0.71)	0.00	(0.14)	0.00	0.00	6.62	(7.54)	20.41

Lifecore Biomedical Corporate Management

Darren Hieber	Senior Partnerships	Profile
Matt Augustson	Senior Technology	Profile
Aaron Perlitsh	Director Officer	Profile
Kara Morley	Senior Resources	Profile
Brikkelle Thompson	Senior Resources	Profile

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