LandBridge Company Correlations

LB Stock

USD 75.50 6.84 9.96%

The current 90-days correlation between LandBridge Company and Macys Inc is 0.08 (i.e., Significant diversification). The correlation of LandBridge Company 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.

LandBridge Company Correlation With Market

Modest diversification

The correlation between LandBridge Company LLC and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LandBridge Company LLC 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 LandBridge Company LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with LandBridge Stock

0.7	HD	Home Depot Earnings Call This Week	Pair Corr
0.73	JD	JD Inc Adr Earnings Call This Week	Pair Corr
0.7	WEYS	Weyco Group	Pair Corr
0.92	WRBY	Warby Parker	Pair Corr
0.78	GLBE	Global E Online	Pair Corr
0.7	JFBR	Jeffs Brands	Pair Corr
0.8	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.72	CPNG	Coupang LLC	Pair Corr
0.74	SG	Sweetgreen	Pair Corr
0.88	BYD	Boyd Gaming	Pair Corr

Moving against LandBridge Stock

0.81	NEGG	Newegg Commerce	Pair Corr
0.77	ARHS	Arhaus Inc Sell-off Trend	Pair Corr
0.64	BGI	Birks Group	Pair Corr
0.63	GPC	Genuine Parts	Pair Corr
0.53	ETSY	Etsy Inc Sell-off Trend	Pair Corr
0.51	RAY	Raytech Holding	Pair Corr
0.43	YJ	Yunji Inc	Pair Corr
0.79	EDTK	Skillful Craftsman	Pair Corr
0.61	GV	Visionary Education	Pair Corr
0.55	WING	Wingstop	Pair Corr
0.51	SKX	Skechers USA	Pair Corr
0.45	BTCTW	BTC Digital	Pair Corr
0.42	WTO	UTime Limited	Pair Corr
0.38	VRA	Vera Bradley	Pair Corr
0.36	BTBDW	BT Brands Warrant	Pair Corr

Related Correlations Analysis

	M	W	DIBS	AN	BQ	FL	HD	JD	JL	LB
M		-0.05	-0.36	0.23	0.13	0.29	0.01	0.16	-0.07	0.18	M
W	-0.05		0.23	0.24	0.58	-0.4	0.71	0.52	-0.15	0.04	W
DIBS	-0.36	0.23		0.34	-0.11	0.15	-0.06	-0.36	-0.13	-0.41	DIBS
AN	0.23	0.24	0.34		-0.31	0.66	-0.21	-0.33	-0.42	-0.46	AN
BQ	0.13	0.58	-0.11	-0.31		-0.74	0.85	0.83	0.15	0.66	BQ
FL	0.29	-0.4	0.15	0.66	-0.74		-0.78	-0.78	-0.42	-0.64	FL
HD	0.01	0.71	-0.06	-0.21	0.85	-0.78		0.88	0.22	0.7	HD
JD	0.16	0.52	-0.36	-0.33	0.83	-0.78	0.88		0.32	0.73	JD
JL	-0.07	-0.15	-0.13	-0.42	0.15	-0.42	0.22	0.32		0.39	JL
LB	0.18	0.04	-0.41	-0.46	0.66	-0.64	0.7	0.73	0.39		LB
	M	W	DIBS	AN	BQ	FL	HD	JD	JL	LB

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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

JD	+ 0.88	HD
HD	+ 0.85	BQ
JD	+ 0.83	BQ
LB	+ 0.73	JD
HD	+ 0.71	W
LB	+ 0.7	HD

High negative correlations

JD	- 0.78	FL
HD	- 0.78	FL
FL	- 0.74	BQ
LB	- 0.64	FL
LB	- 0.46	AN
JL	- 0.42	FL

Risk-Adjusted Indicators

There is a big difference between LandBridge Stock performing well and LandBridge Company 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 LandBridge Company'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
M	1.67	(0.20)	(0.04)	0.02	2.70	(1.82)	4.23	(2.78)	18.49
W	3.02	(0.24)	0.00	(0.01)	0.00	0.00	7.05	(5.23)	19.53
DIBS	1.56	(0.18)	(0.06)	0.01	2.26	(1.69)	4.34	(3.99)	11.50
AN	1.59	(0.33)	0.00	(0.02)	0.00	0.00	3.73	(3.00)	8.95
BQ	6.40	1.05	0.13	1.57	6.27	(9.30)	17.39	(14.08)	50.04
FL	2.20	(0.46)	0.00	(0.18)	0.00	0.00	4.66	(4.63)	15.98
HD	0.87	0.19	0.07	0.84	0.83	(0.98)	1.65	(1.47)	5.73
JD	2.76	0.56	0.15	1.00	2.75	(3.12)	7.33	(4.57)	23.41
JL	6.66	0.89	0.09	3.90	7.77	(8.79)	12.82	(12.00)	95.21
LB	2.81	1.19	0.36	1.23	2.41	(3.42)	7.78	(4.41)	16.56

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