Lakeside Holding Correlations

LSH Stock

2.37 0.08 3.27%

The current 90-days correlation between Lakeside Holding and Globavend Holdings Limited is 0.12 (i.e., Average diversification). The correlation of Lakeside Holding 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.

Lakeside Holding Correlation With Market

Average diversification

The correlation between Lakeside Holding Limited and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lakeside Holding Limited 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 Lakeside Holding Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against Lakeside Stock

0.32	GXO	GXO Logistics	Pair Corr
0.32	RLGT	Radiant Logistics	Pair Corr
0.45	BTOC	Armlogi Holding Corp	Pair Corr
0.39	AZ	A2Z Smart Technologies	Pair Corr
0.34	PBI-PB	Pitney Bowes NT	Pair Corr
0.33	B	Barnes Group	Pair Corr

Related Correlations Analysis

	EXPD	FDX	FLX	GVH	GXO	JYD	FWRD	LSH	PAL	UPS
EXPD		-0.18	-0.46	0.21	-0.52	-0.36	-0.11	0.16	0.57	-0.14	EXPD
FDX	-0.18		-0.59	-0.49	0.13	0.36	-0.29	0.0	-0.05	0.13	FDX
FLX	-0.46	-0.59		0.34	0.33	-0.05	0.47	0.06	-0.41	0.17	FLX
GVH	0.21	-0.49	0.34		0.05	-0.24	0.4	-0.1	-0.06	0.0	GVH
GXO	-0.52	0.13	0.33	0.05		0.53	0.54	-0.32	-0.85	0.72	GXO
JYD	-0.36	0.36	-0.05	-0.24	0.53		0.12	-0.23	-0.59	0.57	JYD
FWRD	-0.11	-0.29	0.47	0.4	0.54	0.12		-0.28	-0.44	0.44	FWRD
LSH	0.16	0.0	0.06	-0.1	-0.32	-0.23	-0.28		0.38	-0.22	LSH
PAL	0.57	-0.05	-0.41	-0.06	-0.85	-0.59	-0.44	0.38		-0.69	PAL
UPS	-0.14	0.13	0.17	0.0	0.72	0.57	0.44	-0.22	-0.69		UPS
	EXPD	FDX	FLX	GVH	GXO	JYD	FWRD	LSH	PAL	UPS

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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

UPS	+ 0.72	GXO
PAL	+ 0.57	EXPD
UPS	+ 0.57	JYD
FWRD	+ 0.54	GXO
JYD	+ 0.53	GXO
FWRD	+ 0.47	FLX

High negative correlations

PAL	- 0.85	GXO
UPS	- 0.69	PAL
PAL	- 0.59	JYD
FLX	- 0.59	FDX
GXO	- 0.52	EXPD
GVH	- 0.49	FDX

Risk-Adjusted Indicators

There is a big difference between Lakeside Stock performing well and Lakeside Holding 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 Lakeside Holding'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
EXPD	0.87	(0.05)	0.00	(0.10)	0.00	0.00	1.89	(2.14)	4.66
FDX	1.27	(0.15)	0.00	(0.06)	0.00	0.00	2.21	(2.04)	17.41
FLX	4.44	(1.42)	0.00	4.11	0.00	0.00	9.15	(11.45)	30.23
GVH	3.43	0.16	0.00	(0.32)	4.16	(4.48)	8.75	(4.82)	35.45
GXO	1.58	0.14	0.11	0.21	1.34	(2.01)	2.56	(2.59)	17.49
JYD	5.72	0.42	0.02	(0.23)	7.62	(7.85)	11.54	(8.54)	41.47
FWRD	2.47	0.04	0.02	0.13	2.78	(2.71)	4.39	(4.47)	12.56
LSH	7.43	0.02	0.01	0.12	7.96	(8.62)	20.24	(14.68)	59.97
PAL	2.73	(1.03)	0.00	(0.56)	0.00	0.00	4.52	(5.04)	33.63
UPS	1.03	(0.01)	(0.05)	0.08	1.26	(1.14)	2.03	(2.25)	7.16

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