Limoneira Correlations

LMNR Stock

USD 27.33 0.16 0.58%

The current 90-days correlation between Limoneira and John B Sanfilippo is 0.39 (i.e., Weak diversification). The correlation of Limoneira 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.

Limoneira Correlation With Market

Poor diversification

The correlation between Limoneira Co and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Limoneira Co 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 Limoneira Co. 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.

Moving together with Limoneira Stock

0.8	K	Kellanova	Pair Corr
0.75	JVA	Coffee Holding	Pair Corr

Moving against Limoneira Stock

0.75	FARM	Farmer Bros	Pair Corr
0.66	EDBL	Edible Garden AG	Pair Corr
0.66	DDC	DDC Enterprise	Pair Corr
0.55	WEST	Westrock Coffee	Pair Corr
0.53	FMX	Fomento Economico	Pair Corr
0.5	BON	Bon Natural Life	Pair Corr
0.47	CPB	Campbell Soup	Pair Corr
0.45	ADM	Archer Daniels Midland Sell-off Trend	Pair Corr
0.4	BG	Bunge Limited	Pair Corr
0.36	CAG	ConAgra Foods	Pair Corr
0.31	BTI	British American Tobacco Sell-off Trend	Pair Corr
0.74	XXII	22nd Century Group	Pair Corr
0.65	VFF	Village Farms Intern	Pair Corr
0.53	RGF	Real Good Food	Pair Corr
0.52	HSY	Hershey	Pair Corr
0.48	TSN	Tyson Foods	Pair Corr
0.45	LND	Brasilagro Adr	Pair Corr
0.42	HRL	Hormel Foods Earnings Call This Week	Pair Corr

Related Correlations Analysis

	LANC	THS	JBSS	SENEA	BRBR	PPC	SJM	NOMD	POST	SMPL
LANC		-0.44	-0.5	0.53	0.64	0.62	-0.41	-0.43	-0.6	0.64	LANC
THS	-0.44		0.84	-0.67	-0.81	-0.81	0.87	0.82	0.83	-0.68	THS
JBSS	-0.5	0.84		-0.69	-0.76	-0.79	0.77	0.63	0.77	-0.75	JBSS
SENEA	0.53	-0.67	-0.69		0.88	0.67	-0.53	-0.58	-0.51	0.9	SENEA
BRBR	0.64	-0.81	-0.76	0.88		0.77	-0.66	-0.78	-0.73	0.85	BRBR
PPC	0.62	-0.81	-0.79	0.67	0.77		-0.7	-0.75	-0.7	0.67	PPC
SJM	-0.41	0.87	0.77	-0.53	-0.66	-0.7		0.7	0.83	-0.55	SJM
NOMD	-0.43	0.82	0.63	-0.58	-0.78	-0.75	0.7		0.79	-0.48	NOMD
POST	-0.6	0.83	0.77	-0.51	-0.73	-0.7	0.83	0.79		-0.54	POST
SMPL	0.64	-0.68	-0.75	0.9	0.85	0.67	-0.55	-0.48	-0.54		SMPL
	LANC	THS	JBSS	SENEA	BRBR	PPC	SJM	NOMD	POST	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	+ 0.9	SENEA
BRBR	+ 0.88	SENEA
SJM	+ 0.87	THS
SMPL	+ 0.85	BRBR
JBSS	+ 0.84	THS
POST	+ 0.83	THS

High negative correlations

PPC	- 0.81	THS
BRBR	- 0.81	THS
PPC	- 0.79	JBSS
NOMD	- 0.78	BRBR
BRBR	- 0.76	JBSS
NOMD	- 0.75	PPC

Risk-Adjusted Indicators

There is a big difference between Limoneira Stock performing well and Limoneira 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 Limoneira'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
LANC	1.16	0.01	0.00	0.13	1.53	(1.22)	3.43	(2.05)	9.59
THS	1.54	(0.27)	0.00	(0.16)	0.00	0.00	2.71	(2.61)	17.32
JBSS	1.07	(0.28)	0.00	(0.13)	0.00	0.00	1.54	(2.16)	12.01
SENEA	1.14	0.19	0.10	0.33	1.45	(1.27)	2.87	(1.85)	11.87
BRBR	0.87	0.49	0.45	1.41	0.11	(1.15)	2.61	(0.91)	4.71
PPC	1.69	0.24	0.05	1.20	2.21	(1.80)	3.57	(3.42)	13.48
SJM	0.96	(0.10)	0.00	(0.63)	0.00	0.00	2.34	(1.72)	6.05
NOMD	1.15	(0.04)	0.00	(0.10)	0.00	0.00	2.03	(2.59)	6.49
POST	0.74	(0.03)	(0.12)	0.01	0.90	(0.76)	1.73	(1.54)	3.27
SMPL	1.14	0.24	0.14	0.54	1.03	(1.26)	2.91	(1.69)	5.79

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