Landstar System Correlations

LSTR Stock

USD 146.02 1.38 0.95%

The current 90-days correlation between Landstar System and Argan Inc is -0.06 (i.e., Good 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

Significant diversification

The correlation between Landstar System and DJI is 0.04 (i.e., Significant 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 persons.

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

Moving together with Landstar Stock

0.64	R	Ryder System	Pair Corr
0.72	WERN	Werner Enterprises	Pair Corr
0.97	KNX	Knight Transportation	Pair Corr
0.85	PAL	Proficient Auto Logi	Pair Corr
0.69	ZIG	ZIGUP plc	Pair Corr
0.77	HTLD	Heartland Express	Pair Corr
0.65	JBHT	JB Hunt Transport	Pair Corr
0.83	MRTN	Marten Transport	Pair Corr
0.86	ODFL	Old Dominion Freight	Pair Corr
0.84	SAIA	Saia Inc	Pair Corr
0.9	SNDR	Schneider National	Pair Corr
0.89	TFII	TFI International	Pair Corr
0.74	CVLG	Covenant Logistics Group,	Pair Corr
0.65	BKKPF	Bangkok Bank Public	Pair Corr
0.78	SRRTF	Slate Grocery REIT	Pair Corr
0.74	GEV	GE Vernova LLC	Pair Corr
0.65	CMA	Comerica Incorporated	Pair Corr

Moving against Landstar Stock

0.75	CRGOW	Freightos Limited	Pair Corr
0.69	ZDAI	Primega Group Holdings Symbol Change	Pair Corr
0.37	HXHX	Haoxin Holdings	Pair Corr
0.32	HTZWW	Hertz Global Hldgs	Pair Corr
0.5	ARE	Alexandria Real Estate	Pair Corr
0.46	TOPP	Toppoint Holdings	Pair Corr
0.45	DSKYF	Daiichi Sankyo	Pair Corr
0.38	BLSTF	Blackstone Minerals	Pair Corr

Related Correlations Analysis

	AGX	GVA	FELE	CSW	BCO	ECG	ALK	SPR	SNDR	POWL
AGX		-0.14	-0.17	0.25	-0.22	0.39	-0.49	-0.58	0.11	-0.06	AGX
GVA	-0.14		0.6	0.78	0.8	-0.22	0.8	-0.09	0.77	-0.2	GVA
FELE	-0.17	0.6		0.39	0.54	0.19	0.62	0.08	0.62	0.26	FELE
CSW	0.25	0.78	0.39		0.72	0.12	0.49	-0.53	0.83	-0.02	CSW
BCO	-0.22	0.8	0.54	0.72		-0.11	0.77	0.0	0.66	0.0	BCO
ECG	0.39	-0.22	0.19	0.12	-0.11		-0.18	-0.14	0.25	0.66	ECG
ALK	-0.49	0.8	0.62	0.49	0.77	-0.18		0.19	0.67	-0.1	ALK
SPR	-0.58	-0.09	0.08	-0.53	0.0	-0.14	0.19		-0.38	0.15	SPR
SNDR	0.11	0.77	0.62	0.83	0.66	0.25	0.67	-0.38		0.09	SNDR
POWL	-0.06	-0.2	0.26	-0.02	0.0	0.66	-0.1	0.15	0.09		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

SNDR	+ 0.83	CSW
BCO	+ 0.8	GVA
ALK	+ 0.8	GVA
CSW	+ 0.78	GVA
SNDR	+ 0.77	GVA
ALK	+ 0.77	BCO

High negative correlations

SPR	- 0.58	AGX
SPR	- 0.53	CSW
ALK	- 0.49	AGX
SNDR	- 0.38	SPR
ECG	- 0.22	GVA
BCO	- 0.22	AGX

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	3.48	0.53	0.07	(0.20)	4.05	(3.87)	7.40	(7.35)	27.04
GVA	0.83	0.07	0.06	0.16	0.90	(0.97)	1.79	(1.73)	5.83
FELE	0.93	0.07	(0.01)	(0.86)	0.99	(1.07)	2.16	(1.60)	5.31
CSW	1.62	0.24	0.14	0.23	1.71	(1.75)	3.53	(3.32)	11.77
BCO	1.18	(0.04)	(0.02)	0.04	1.53	(1.18)	2.33	(2.48)	10.50
ECG	2.71	0.26	0.02	(0.09)	3.88	(2.95)	5.40	(5.73)	20.64
ALK	2.11	(0.16)	0.00	(0.01)	0.00	0.00	4.46	(3.97)	10.65
SPR	1.22	0.03	(0.01)	0.15	1.71	(1.33)	2.29	(4.12)	6.88
SNDR	1.75	0.44	0.13	(2.37)	2.17	(1.94)	4.96	(3.23)	17.76
POWL	2.76	0.26	0.03	(0.43)	4.24	(2.49)	5.59	(7.08)	18.07

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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