Lindsay Correlations

LNN Stock

USD 118.88 0.91 0.77%

The current 90-days correlation between Lindsay and Astec Industries is 0.37 (i.e., 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

Weak diversification

The correlation between Lindsay and DJI is 0.33 (i.e., Weak 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 various price indices.

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

Moving together with Lindsay Stock

0.61	AGCO	AGCO	Pair Corr
0.81	AAGH	America Great Health	Pair Corr

Moving against Lindsay Stock

0.85	CAT	Caterpillar	Pair Corr
0.78	DHR	Danaher	Pair Corr
0.75	PNGM	Er Therapeutics	Pair Corr
0.54	FJTSF	Fujitsu Limited	Pair Corr
0.5	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.45	GLOB	Globant SA	Pair Corr
0.44	DE	Deere Company	Pair Corr
0.41	STI	Solidion Technology	Pair Corr
0.41	PCOR	Procore Technologies	Pair Corr
0.36	BNTRF	Benton Resources	Pair Corr
0.95	CRTTF	Cortus Metals	Pair Corr
0.87	MMLTF	MMG Limited	Pair Corr
0.83	KO	Coca Cola	Pair Corr
0.83	RWEOY	RWE AG PK	Pair Corr
0.83	TVE	Tennessee Valley Aut	Pair Corr
0.82	IMXI	International Money	Pair Corr
0.82	AHFI	Absolute Health	Pair Corr
0.8	EW	Edwards Lifesciences Corp	Pair Corr
0.78	JPDYY	Japan Display ADR	Pair Corr
0.77	FDX	FedEx	Pair Corr
0.76	KLAC	KLA Tencor	Pair Corr
0.75	DSHK	Drive Shack	Pair Corr
0.71	VWDRY	Vestas Wind Systems	Pair Corr
0.67	MBGYY	Mercedes Benz Group	Pair Corr
0.64	AB	AllianceBernstein	Pair Corr
0.61	WILC	G Willi Food	Pair Corr
0.61	SD	SandRidge Energy	Pair Corr

Related Correlations Analysis

	ASTE	GRC	CCEC	CRAI	ECO	GIC	HSII	RHLD	EVLV	EVEX
ASTE		0.28	0.73	0.67	-0.68	0.67	-0.51	-0.72	0.76	0.28	ASTE
GRC	0.28		0.3	-0.11	0.05	0.0	0.31	0.08	-0.04	0.49	GRC
CCEC	0.73	0.3		0.45	-0.66	0.7	-0.38	-0.72	0.71	0.26	CCEC
CRAI	0.67	-0.11	0.45		-0.59	0.66	-0.86	-0.56	0.54	-0.21	CRAI
ECO	-0.68	0.05	-0.66	-0.59		-0.88	0.63	0.81	-0.85	-0.03	ECO
GIC	0.67	0.0	0.7	0.66	-0.88		-0.73	-0.83	0.83	-0.07	GIC
HSII	-0.51	0.31	-0.38	-0.86	0.63	-0.73		0.63	-0.5	0.33	HSII
RHLD	-0.72	0.08	-0.72	-0.56	0.81	-0.83	0.63		-0.85	0.01	RHLD
EVLV	0.76	-0.04	0.71	0.54	-0.85	0.83	-0.5	-0.85		0.12	EVLV
EVEX	0.28	0.49	0.26	-0.21	-0.03	-0.07	0.33	0.01	0.12		EVEX
	ASTE	GRC	CCEC	CRAI	ECO	GIC	HSII	RHLD	EVLV	EVEX

Please upgrade your account to get full access to Macroaxis premium features

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

EVLV	+ 0.83	GIC
RHLD	+ 0.81	ECO
EVLV	+ 0.76	ASTE
CCEC	+ 0.73	ASTE
EVLV	+ 0.71	CCEC
GIC	+ 0.7	CCEC

High negative correlations

GIC	- 0.88	ECO
HSII	- 0.86	CRAI
EVLV	- 0.85	RHLD
EVLV	- 0.85	ECO
RHLD	- 0.83	GIC
HSII	- 0.73	GIC

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	1.60	(0.14)	0.00	(0.03)	0.00	0.00	3.11	(3.20)	8.62
GRC	1.16	0.06	0.02	0.14	1.52	(1.12)	2.24	(2.13)	8.26
CCEC	2.06	(0.06)	(0.02)	0.01	2.26	(2.45)	4.84	(4.40)	14.44
CRAI	1.39	(0.10)	0.00	(0.06)	0.00	0.00	2.76	(3.14)	8.17
ECO	1.79	0.43	0.18	1.68	1.80	(2.10)	3.58	(3.03)	15.37
GIC	1.20	(0.43)	0.00	2.60	0.00	0.00	1.78	(2.44)	20.13
HSII	0.80	0.25	0.22	2.05	0.32	(0.88)	0.90	(1.41)	19.72
RHLD	5.11	2.18	0.44	(3.27)	3.26	(5.70)	10.39	(7.29)	108.61
EVLV	2.64	(0.32)	0.00	(0.52)	0.00	0.00	5.11	(4.74)	18.59
EVEX	3.28	0.43	0.11	0.84	3.24	(4.00)	6.99	(6.13)	18.73

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC