Louisiana Pacific Correlations

LPX Stock

USD 118.20 1.56 1.34%

The current 90-days correlation between Louisiana Pacific and Lennox International is 0.56 (i.e., Very weak diversification). The correlation of Louisiana Pacific 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.

Louisiana Pacific Correlation With Market

Weak diversification

The correlation between Louisiana Pacific and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Louisiana Pacific 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 Louisiana Pacific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Louisiana Stock please use our How to Invest in Louisiana Pacific guide.

Moving together with Louisiana Stock

0.86	OC	Owens Corning	Pair Corr
0.89	TT	Trane Technologies plc	Pair Corr
0.86	AWI	Armstrong World Indu	Pair Corr
0.68	CSL	Carlisle Companies	Pair Corr
0.88	GMS	GMS Inc Earnings Call This Week	Pair Corr
0.89	JCI	Johnson Controls Int Fiscal Year End 10th of December 2024	Pair Corr
0.87	LII	Lennox International	Pair Corr
0.88	LMB	Limbach Holdings	Pair Corr
0.86	PPIH	Perma Pipe Internati Earnings Call This Week	Pair Corr
0.71	ROCK	Gibraltar Industries	Pair Corr
0.87	AAON	AAON Inc	Pair Corr
0.78	APOG	Apogee Enterprises	Pair Corr
0.89	AZEK	Azek Company	Pair Corr
0.81	SPXC	SPX Corp	Pair Corr
0.73	TREX	Trex Company	Pair Corr
0.8	G	Genpact Limited	Pair Corr
0.89	R	Ryder System	Pair Corr
0.8	AL	Air Lease	Pair Corr

Moving against Louisiana Stock

0.61	JBI	Janus International	Pair Corr
0.57	APT	Alpha Pro Tech	Pair Corr
0.5	ILAG	Intelligent Living	Pair Corr
0.48	JELD	Jeld Wen Holding	Pair Corr
0.41	WMS	Advanced Drainage Systems	Pair Corr
0.71	AEHL	Antelope Enterprise	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.58	ASPN	Aspen Aerogels	Pair Corr
0.57	CSTE	Caesarstone	Pair Corr

Related Correlations Analysis

	LII	FBIN	TT	JCI	CSL	MAS	BECN	AZEK	CARR	AAON
LII		-0.03	0.85	0.8	0.6	0.24	0.8	0.88	0.4	0.84	LII
FBIN	-0.03		0.05	-0.25	0.41	0.9	-0.39	-0.15	0.71	-0.29	FBIN
TT	0.85	0.05		0.92	0.81	0.36	0.8	0.73	0.56	0.9	TT
JCI	0.8	-0.25	0.92		0.64	0.08	0.87	0.75	0.3	0.97	JCI
CSL	0.6	0.41	0.81	0.64		0.7	0.52	0.49	0.78	0.56	CSL
MAS	0.24	0.9	0.36	0.08	0.7		-0.09	0.13	0.85	0.02	MAS
BECN	0.8	-0.39	0.8	0.87	0.52	-0.09		0.71	0.08	0.91	BECN
AZEK	0.88	-0.15	0.73	0.75	0.49	0.13	0.71		0.36	0.79	AZEK
CARR	0.4	0.71	0.56	0.3	0.78	0.85	0.08	0.36		0.22	CARR
AAON	0.84	-0.29	0.9	0.97	0.56	0.02	0.91	0.79	0.22		AAON
	LII	FBIN	TT	JCI	CSL	MAS	BECN	AZEK	CARR	AAON

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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

AAON	+ 0.97	JCI
JCI	+ 0.92	TT
AAON	+ 0.91	BECN
MAS	+ 0.9	FBIN
AAON	+ 0.9	TT
AZEK	+ 0.88	LII

High negative correlations

BECN	- 0.39	FBIN
AAON	- 0.29	FBIN
JCI	- 0.25	FBIN
AZEK	- 0.15	FBIN
BECN	- 0.09	MAS
FBIN	- 0.03	LII

Risk-Adjusted Indicators

There is a big difference between Louisiana Stock performing well and Louisiana Pacific 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 Louisiana Pacific'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
LII	1.23	0.14	0.06	0.33	1.41	(1.33)	2.89	(2.28)	7.45
FBIN	1.33	(0.11)	0.00	(0.02)	0.00	0.00	2.51	(2.75)	9.65
TT	1.05	0.16	0.09	0.30	1.25	(1.14)	2.36	(1.84)	6.50
JCI	1.05	0.07	0.13	0.16	0.83	(1.34)	2.49	(1.66)	10.49
CSL	1.32	0.00	0.02	0.12	1.92	(1.43)	2.58	(1.93)	12.15
MAS	0.88	(0.03)	(0.07)	0.06	1.13	(0.87)	1.64	(1.91)	5.78
BECN	1.73	0.22	0.14	0.28	1.51	(2.02)	3.32	(2.18)	11.44
AZEK	1.35	0.21	0.12	0.33	1.39	(1.48)	3.48	(2.33)	8.77
CARR	1.27	(0.03)	0.00	0.09	1.94	(1.39)	2.43	(2.02)	11.86
AAON	1.84	0.39	0.27	0.31	1.34	(2.30)	5.69	(2.44)	18.32

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