Correlation Analysis Between Lamb Weston and Kellogg

This module allows you to analyze existing cross correlation between Lamb Weston Holdings and Kellogg Company. You can compare the effects of market volatilities on Lamb Weston and Kellogg and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Lamb Weston with a short position of Kellogg. See also your portfolio center. Please also check ongoing floating volatility patterns of Lamb Weston and Kellogg.
Horizon     30 Days    Login   to change
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Comparative Performance

Lamb Weston Holdings  
1313

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Lamb Weston Holdings are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days. Inspite fairly inconsistent primary indicators, Lamb Weston showed solid returns over the last few months and may actually be approaching a breakup point.
Kellogg Company  
44

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Kellogg Company are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. Regardless of fairly consistent technical and fundamental indicators, Kellogg is not utilizing all of its potentials. The continuing stock price confusion, may contribute to short-horizon losses for the traders.

Lamb Weston and Kellogg Volatility Contrast

 Predicted Return Density 
      Returns 

Lamb Weston Holdings Inc  vs.  Kellogg Company

 Performance (%) 
      Timeline 

Pair Volatility

Allowing for the 30-days total investment horizon, Lamb Weston Holdings is expected to generate 1.32 times more return on investment than Kellogg. However, Lamb Weston is 1.32 times more volatile than Kellogg Company. It trades about 0.2 of its potential returns per unit of risk. Kellogg Company is currently generating about 0.07 per unit of risk. If you would invest  7,319  in Lamb Weston Holdings on November 14, 2019 and sell it today you would earn a total of  1,091  from holding Lamb Weston Holdings or generate 14.91% return on investment over 30 days.

Pair Corralation between Lamb Weston and Kellogg

0.73
Time Period3 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Lamb Weston and Kellogg

Lamb Weston Holdings Inc diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Lamb Weston Holdings Inc and Kellogg Company in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kellogg Company and Lamb Weston is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Lamb Weston Holdings are associated (or correlated) with Kellogg. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kellogg Company has no effect on the direction of Lamb Weston i.e. Lamb Weston and Kellogg go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.


 
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