Laird Superfood Correlations

LSF Stock

USD 5.13 0.07 1.35%

The current 90-days correlation between Laird Superfood and Stryve Foods is -0.12 (i.e., Good diversification). The correlation of Laird Superfood 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.

Laird Superfood Correlation With Market

Very weak diversification

The correlation between Laird Superfood and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Laird Superfood 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 Laird Superfood. 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.

For more detail on how to invest in Laird Stock please use our How to Invest in Laird Superfood guide.

Moving together with Laird Stock

0.68	LW	Lamb Weston Holdings	Pair Corr
0.66	VITL	Vital Farms	Pair Corr
0.8	EDBL	Edible Garden AG	Pair Corr
0.67	FAMI	Farmmi Inc	Pair Corr
0.63	BON	Bon Natural Life	Pair Corr
0.81	DAR	Darling Ingredients	Pair Corr
0.82	FRPT	Freshpet	Pair Corr
0.72	FTFT	Future Fintech Group	Pair Corr

Moving against Laird Stock

0.81	BUD	Anheuser Busch Inbev	Pair Corr
0.77	MO	Altria Group	Pair Corr
0.73	CCU	Compania Cervecerias	Pair Corr
0.66	K	Kellanova	Pair Corr
0.63	BGS	BG Foods	Pair Corr
0.6	TR	Tootsie Roll Industries	Pair Corr
0.56	PM	Philip Morris Intern	Pair Corr
0.56	DOLE	Dole PLC	Pair Corr
0.46	CAG	ConAgra Foods	Pair Corr
0.43	BTI	British American Tobacco	Pair Corr
0.76	FMX	Fomento Economico	Pair Corr
0.76	SJM	JM Smucker	Pair Corr
0.71	TAP	Molson Coors Brewing	Pair Corr
0.68	HSY	Hershey	Pair Corr
0.65	TSN	Tyson Foods	Pair Corr
0.64	KLG	WK Kellogg	Pair Corr
0.64	PPC	Pilgrims Pride Corp	Pair Corr
0.46	KHC	Kraft Heinz	Pair Corr
0.46	UVV	Universal	Pair Corr
0.44	MKC	McCormick Company	Pair Corr

Related Correlations Analysis

	RIBT	BTTR	FREE	SHRG	BTOG	PLAG	SNAX	PFODF	MYLKF	BRCNF
RIBT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	RIBT
BTTR	0.0		0.0	0.33	0.74	0.62	0.64	0.0	-0.23	0.0	BTTR
FREE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FREE
SHRG	0.0	0.33	0.0		0.26	0.48	0.45	0.0	0.31	0.0	SHRG
BTOG	0.0	0.74	0.0	0.26		0.83	0.66	0.0	-0.38	0.0	BTOG
PLAG	0.0	0.62	0.0	0.48	0.83		0.58	0.0	-0.31	0.0	PLAG
SNAX	0.0	0.64	0.0	0.45	0.66	0.58		0.0	-0.17	0.0	SNAX
PFODF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PFODF
MYLKF	0.0	-0.23	0.0	0.31	-0.38	-0.31	-0.17	0.0		0.0	MYLKF
BRCNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BRCNF
	RIBT	BTTR	FREE	SHRG	BTOG	PLAG	SNAX	PFODF	MYLKF	BRCNF

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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

PLAG	+ 0.83	BTOG
BTOG	+ 0.74	BTTR
SNAX	+ 0.66	BTOG
SNAX	+ 0.64	BTTR
PLAG	+ 0.62	BTTR
SNAX	+ 0.58	PLAG

High negative correlations

MYLKF	- 0.38	BTOG
MYLKF	- 0.31	PLAG
MYLKF	- 0.23	BTTR
MYLKF	- 0.17	SNAX
BRCNF	- 0.0	MYLKF
BRCNF	- 0.0	PFODF

Risk-Adjusted Indicators

There is a big difference between Laird Stock performing well and Laird Superfood 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 Laird Superfood'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
RIBT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTTR	3.68	(0.36)	0.00	(0.97)	0.00	0.00	5.33	(7.83)	24.00
FREE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHRG	9.67	2.04	0.11	0.93	8.99	(31.71)	33.33	(22.00)	132.50
BTOG	10.87	(1.23)	0.00	(1.61)	0.00	0.00	15.38	(22.58)	148.46
PLAG	5.52	(0.76)	0.00	(0.71)	0.00	0.00	10.20	(12.50)	38.25
SNAX	4.43	(0.30)	0.00	0.09	0.00	0.00	12.05	(7.50)	50.79
PFODF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MYLKF	4.67	2.44	0.00	8.17	0.00	0.00	0.00	0.00	100.00
BRCNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Laird Superfood Corporate Management

Jamie Eichman	Chief Officer	Profile
Daryl Moore	VP Sales	Profile
Gabrielle Reece	Chief Ambassador	Profile
Andrew Judd	Chief Officer	Profile
Steven Richie	General Secretary	Profile
Anya Hamill	Interim Officer	Profile

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