Lindsay Correlations

LNN Stock

USD 133.87 0.78 0.58%

The current 90-days correlation between Lindsay and Astec Industries is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lindsay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lindsay moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lindsay Correlation With Market

Very poor diversification

The correlation between Lindsay and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lindsay and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lindsay Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lindsay. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Lindsay Stock

0.8	DE	Deere Company Earnings Call This Week	Pair Corr
0.8	AGCO	AGCO	Pair Corr
0.67	ISRMF	iShares MSCI	Pair Corr
0.72	MRLWF	Marlowe Plc	Pair Corr
0.87	KNTK	Kinetik Holdings	Pair Corr
0.72	GOOD	Gladstone Commercial Earnings Call This Week	Pair Corr
0.68	RILYL	B Riley Financial	Pair Corr
0.69	NFG	National Fuel Gas	Pair Corr
0.82	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.73	MCD	McDonalds	Pair Corr
0.78	INTC	Intel	Pair Corr
0.9	CAT	Caterpillar	Pair Corr
0.95	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.9	DD	Dupont De Nemours	Pair Corr
0.88	JNJ	Johnson Johnson	Pair Corr
0.75	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.8	BA	Boeing	Pair Corr
0.78	CVX	Chevron Corp	Pair Corr

Moving against Lindsay Stock

0.5	PFAI	Pinnacle Food Group	Pair Corr
0.49	MMSI	Merit Medical Systems	Pair Corr
0.38	NVNIW	Nvni Group Limited	Pair Corr
0.84	MSFT	Microsoft	Pair Corr
0.68	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	ASTE	GRC	CCEC	CRAI	ECO	GIC	HSII	RHLD	EVLV	EVEX
ASTE		0.96	0.45	0.05	0.62	0.86	0.58	0.36	-0.41	-0.39	ASTE
GRC	0.96		0.45	0.04	0.63	0.89	0.65	0.4	-0.47	-0.47	GRC
CCEC	0.45	0.45		0.27	0.26	0.54	0.59	0.55	-0.01	0.14	CCEC
CRAI	0.05	0.04	0.27		-0.19	0.42	0.61	0.72	0.6	0.6	CRAI
ECO	0.62	0.63	0.26	-0.19		0.52	0.27	0.08	-0.63	-0.4	ECO
GIC	0.86	0.89	0.54	0.42	0.52		0.82	0.66	-0.22	-0.19	GIC
HSII	0.58	0.65	0.59	0.61	0.27	0.82		0.78	0.1	0.1	HSII
RHLD	0.36	0.4	0.55	0.72	0.08	0.66	0.78		0.32	0.38	RHLD
EVLV	-0.41	-0.47	-0.01	0.6	-0.63	-0.22	0.1	0.32		0.71	EVLV
EVEX	-0.39	-0.47	0.14	0.6	-0.4	-0.19	0.1	0.38	0.71		EVEX
	ASTE	GRC	CCEC	CRAI	ECO	GIC	HSII	RHLD	EVLV	EVEX

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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

GRC	+ 0.96	ASTE
GIC	+ 0.89	GRC
GIC	+ 0.86	ASTE
HSII	+ 0.82	GIC
RHLD	+ 0.78	HSII
RHLD	+ 0.72	CRAI

High negative correlations

EVLV	- 0.63	ECO
EVEX	- 0.47	GRC
EVLV	- 0.47	GRC
EVLV	- 0.41	ASTE
EVEX	- 0.4	ECO
EVEX	- 0.39	ASTE

Risk-Adjusted Indicators

There is a big difference between Lindsay Stock performing well and Lindsay 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 Lindsay'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
ASTE	1.74	0.22	0.16	0.22	1.49	(1.95)	4.37	(2.82)	7.79
GRC	1.42	0.46	0.40	0.38	0.68	(1.75)	3.89	(2.18)	9.98
CCEC	1.57	0.07	0.00	0.43	1.98	(1.62)	3.91	(3.55)	8.78
CRAI	1.82	(0.24)	0.00	(0.14)	0.00	0.00	3.15	(4.52)	13.09
ECO	1.90	0.45	0.14	(1.18)	2.01	(2.19)	4.38	(3.99)	15.37
GIC	0.95	0.21	0.21	0.34	0.66	(1.16)	2.67	(1.69)	5.63
HSII	0.80	0.27	0.19	(2.94)	0.30	(0.86)	0.90	(1.41)	19.72
RHLD	3.35	0.26	0.04	2.72	4.73	(3.26)	6.45	(8.62)	18.88
EVLV	2.64	(0.35)	0.00	(0.18)	0.00	0.00	4.95	(5.23)	15.16
EVEX	2.90	(0.54)	0.00	(0.16)	0.00	0.00	5.46	(6.70)	25.14

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