Landstar System Correlations

LSTR Stock

USD 162.95 5.37 3.41%

The current 90-days correlation between Landstar System and Argan Inc is 0.04 (i.e., Significant diversification). The correlation of Landstar System 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.

Landstar System Correlation With Market

Very poor diversification

The correlation between Landstar System and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Landstar System and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Landstar Stock

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

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

Moving together with Landstar Stock

0.63	R	Ryder System	Pair Corr
0.92	WERN	Werner Enterprises	Pair Corr
0.85	KNX	Knight Transportation	Pair Corr
0.82	RXO	RXO Inc	Pair Corr
0.77	ULH	Universal Logistics	Pair Corr
0.84	HTLD	Heartland Express	Pair Corr
0.81	JBHT	JB Hunt Transport	Pair Corr
0.85	MRTN	Marten Transport	Pair Corr
0.81	ODFL	Old Dominion Freight	Pair Corr
0.8	SAIA	Saia Inc	Pair Corr
0.79	ARCB	ArcBest Corp	Pair Corr
0.9	SNDR	Schneider National	Pair Corr
0.85	TFII	TFI International	Pair Corr
0.79	CVLG	Covenant Logistics	Pair Corr
0.64	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.74	THLEF	Thales SA Earnings Call This Week	Pair Corr

Moving against Landstar Stock

0.75	YGMZ	Mingzhu Logistics	Pair Corr
0.57	RVSNW	Rail Vision	Pair Corr
0.4	CRGOW	Freightos Limited	Pair Corr
0.31	HTZWW	Hertz Global Hldgs	Pair Corr
0.64	TOPP	Toppoint Holdings	Pair Corr
0.58	PBCRY	Bank Central Asia	Pair Corr
0.42	BTOC	Armlogi Holding Corp	Pair Corr
0.31	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	AGX	GVA	FELE	CSW	BCO	ECG	ALK	SPR	SNDR	POWL
AGX		0.62	0.16	-0.1	0.49	0.81	0.21	-0.31	0.13	0.72	AGX
GVA	0.62		0.55	0.28	0.88	0.67	0.75	-0.59	0.72	0.89	GVA
FELE	0.16	0.55		0.21	0.62	0.17	0.6	-0.48	0.6	0.6	FELE
CSW	-0.1	0.28	0.21		0.29	0.07	0.28	-0.07	0.55	0.09	CSW
BCO	0.49	0.88	0.62	0.29		0.5	0.77	-0.72	0.79	0.87	BCO
ECG	0.81	0.67	0.17	0.07	0.5		0.42	-0.23	0.2	0.68	ECG
ALK	0.21	0.75	0.6	0.28	0.77	0.42		-0.68	0.74	0.71	ALK
SPR	-0.31	-0.59	-0.48	-0.07	-0.72	-0.23	-0.68		-0.65	-0.72	SPR
SNDR	0.13	0.72	0.6	0.55	0.79	0.2	0.74	-0.65		0.61	SNDR
POWL	0.72	0.89	0.6	0.09	0.87	0.68	0.71	-0.72	0.61		POWL
	AGX	GVA	FELE	CSW	BCO	ECG	ALK	SPR	SNDR	POWL

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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

POWL	+ 0.89	GVA
BCO	+ 0.88	GVA
POWL	+ 0.87	BCO
ECG	+ 0.81	AGX
SNDR	+ 0.79	BCO
ALK	+ 0.77	BCO

High negative correlations

POWL	- 0.72	SPR
SPR	- 0.72	BCO
SPR	- 0.68	ALK
SNDR	- 0.65	SPR
SPR	- 0.59	GVA
SPR	- 0.48	FELE

Risk-Adjusted Indicators

There is a big difference between Landstar Stock performing well and Landstar System 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 Landstar System'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
AGX	3.16	0.51	0.12	1.44	3.62	(3.59)	7.30	(7.23)	23.61
GVA	1.06	0.32	0.27	0.41	0.82	(1.27)	2.88	(1.77)	6.50
FELE	1.36	0.04	0.02	0.12	2.82	(1.42)	2.86	(1.89)	18.18
CSW	2.10	0.07	0.05	0.12	2.68	(2.16)	4.30	(4.67)	17.54
BCO	1.33	(0.02)	0.01	0.07	2.72	(1.37)	3.11	(2.29)	7.05
ECG	2.90	0.52	0.16	0.36	3.24	(3.30)	5.15	(5.73)	30.95
ALK	2.37	0.26	0.12	0.20	2.71	(2.43)	4.75	(4.63)	14.23
SPR	1.19	(0.09)	0.00	(0.15)	0.00	0.00	2.29	(3.30)	7.96
SNDR	1.70	0.30	0.12	0.25	2.31	(1.77)	4.31	(2.24)	17.02
POWL	2.47	0.88	0.32	0.69	2.08	(2.82)	6.40	(3.82)	20.35

Landstar System Corporate Management

Matthew Miller	VP Officer	Profile
Matt Dannegger	VP Officer	Profile
Matthew Dannegger	VP Officer	Profile
James Applegate	Executive Strategy	Profile
Patty McMenamin	Vice Communications	Profile
Aimee Cooper	VP Officer	Profile

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