Lamar Advertising Co (LAMR) — Stock Correlations & Overview
Over the past year, LAMR has moved most closely with OUT, SRHR, RDOG. Explore the stocks most correlated and inversely correlated with LAMR below, along with its price, financials, and company profile.
Stocks correlated with LAMR
Correlation of daily returns. Higher positive values move with LAMR; negative values move opposite it. Informational only, not investment advice.
Most correlated with LAMR
| Symbol | Company | Correlation |
|---|---|---|
| OUT | OUTFRONT Media Inc.REAL ESTATE INVESTMENT TRUSTS | 0.68 |
| SRHR | SRH REIT Covered Call ETF | 0.62 |
| RDOG | ALPS REIT Dividend Dogs ETF | 0.53 |
| SMMV | iShares MSCI USA Small-Cap Min Vol Factor ETF | 0.52 |
| FREL | Fidelity MSCI Real Estate Index ETF | 0.50 |
Most inversely correlated with LAMR
| Symbol | Company | Correlation |
|---|---|---|
| DRV | Direxion Daily Real Estate Bear 3X ETF | -0.45 |
| SRS | ProShares UltraShort Real Estate | -0.44 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.43 |
| REK | ProShares Short Real Estate | -0.43 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.36 |
Frequently asked questions about LAMR correlations
- Which stocks are most correlated with LAMR?
- Based on one year of daily returns, the stocks most correlated with Lamar Advertising Co (LAMR) are OUT (0.68), SRHR (0.62) and RDOG (0.53). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with LAMR?
- Over the past year, the stocks most inversely correlated with Lamar Advertising Co (LAMR) are DRV (-0.45), SRS (-0.44) and HDGE (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these LAMR correlations calculated?
- We compute the correlation of daily returns between LAMR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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