Landstar System Correlations

LSTR Stock

USD 154.48 0.94 0.61%

The current 90-days correlation between Landstar System and Argan Inc is -0.03 (i.e., Good diversification). The correlation of Landstar System 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.

Landstar System Correlation With Market

Very weak diversification

The correlation between Landstar System and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Landstar System and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Landstar Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Landstar System. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

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

Moving together with Landstar Stock

0.98	KNX	Knight Transportation Earnings Call This Week	Pair Corr
0.97	HTLD	Heartland Express	Pair Corr
0.91	JBHT	JB Hunt Transport	Pair Corr
0.94	MRTN	Marten Transport	Pair Corr
0.98	ODFL	Old Dominion Freight	Pair Corr
0.92	CVLG	Covenant Logistics Earnings Call This Week	Pair Corr
0.67	MSB	Mesabi Trust	Pair Corr
0.7	RDNW	RideNow Group Symbol Change	Pair Corr
0.87	GLNCY	Glencore PLC ADR	Pair Corr
0.64	TCNT	Toucan Interactive Corp	Pair Corr
0.93	FIVE	Five Below	Pair Corr
0.76	FYBR	Frontier Communications	Pair Corr
0.71	TM	Toyota Motor	Pair Corr
0.77	STRNY	Severn Trent PLC	Pair Corr
0.64	TSM	Taiwan Semiconductor Earnings Call Tomorrow	Pair Corr
0.74	SMG	Scotts Miracle Gro	Pair Corr
0.87	NNGPF	NN Group NV	Pair Corr
0.69	TWST	Twist Bioscience Corp	Pair Corr
0.93	SREMF	Sunrise Energy Metals	Pair Corr
0.86	GLCNF	Glencore PLC	Pair Corr

Moving against Landstar Stock

0.73	NTNX	Nutanix	Pair Corr
0.45	YGMZ	Mingzhu Logistics	Pair Corr
0.43	HXHX	Haoxin Holdings	Pair Corr
0.37	OCEA	Ocean Biomedical	Pair Corr

Related Correlations Analysis

	AGX	GVA	FELE	CSW	BCO	ECG	ALK	SPR	SNDR	POWL
AGX		0.03	-0.22	0.24	-0.05	0.21	-0.3	-0.11	-0.05	-0.27	AGX
GVA	0.03		0.69	0.88	0.86	-0.23	0.78	-0.6	0.94	0.08	GVA
FELE	-0.22	0.69		0.56	0.79	0.04	0.62	-0.39	0.72	0.38	FELE
CSW	0.24	0.88	0.56		0.86	-0.03	0.7	-0.7	0.92	0.06	CSW
BCO	-0.05	0.86	0.79	0.86		0.01	0.73	-0.52	0.91	0.26	BCO
ECG	0.21	-0.23	0.04	-0.03	0.01		-0.02	0.03	-0.06	0.46	ECG
ALK	-0.3	0.78	0.62	0.7	0.73	-0.02		-0.57	0.85	0.02	ALK
SPR	-0.11	-0.6	-0.39	-0.7	-0.52	0.03	-0.57		-0.65	0.0	SPR
SNDR	-0.05	0.94	0.72	0.92	0.91	-0.06	0.85	-0.65		0.17	SNDR
POWL	-0.27	0.08	0.38	0.06	0.26	0.46	0.02	0.0	0.17		POWL
	AGX	GVA	FELE	CSW	BCO	ECG	ALK	SPR	SNDR	POWL

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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

SNDR	+ 0.94	GVA
SNDR	+ 0.92	CSW
SNDR	+ 0.91	BCO
CSW	+ 0.88	GVA
BCO	+ 0.86	GVA
BCO	+ 0.86	CSW

High negative correlations

SPR	- 0.7	CSW
SNDR	- 0.65	SPR
SPR	- 0.6	GVA
SPR	- 0.57	ALK
SPR	- 0.52	BCO
SPR	- 0.39	FELE

Risk-Adjusted Indicators

There is a big difference between Landstar Stock performing well and Landstar System 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 Landstar System'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
AGX	3.46	0.13	0.06	0.14	4.08	(3.90)	7.40	(7.35)	27.04
GVA	0.88	0.17	0.16	0.28	0.76	(1.12)	2.34	(1.13)	5.83
FELE	1.02	0.02	0.02	0.10	1.00	(1.23)	2.23	(1.71)	5.37
CSW	1.59	0.31	0.20	0.27	1.52	(1.80)	4.21	(2.83)	11.84
BCO	1.26	0.02	0.03	0.10	1.48	(1.36)	3.11	(2.48)	10.50
ECG	2.70	(0.20)	(0.02)	0.01	3.83	(2.90)	5.40	(5.73)	20.64
ALK	2.22	(0.16)	0.00	(0.01)	0.00	0.00	4.46	(3.97)	10.65
SPR	1.19	(0.11)	0.00	(0.10)	0.00	0.00	2.29	(3.30)	7.96
SNDR	1.68	0.24	0.10	0.26	2.21	(1.75)	4.23	(3.23)	14.63
POWL	2.90	0.28	0.08	0.22	3.92	(2.78)	6.27	(7.08)	18.07

Landstar System Corporate Management

Matthew Miller	VP Officer	Profile
Matt Dannegger	VP Officer	Profile
Matthew Dannegger	VP Officer	Profile
James Applegate	Executive Strategy	Profile
Patty McMenamin	Vice Communications	Profile
Aimee Cooper	VP Officer	Profile

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