Lake Shore Bancorp, Inc. (LSBK) — Stock Correlations & Overview
Over the past year, LSBK has moved most closely with MYE, WTS, GOLF. Explore the stocks most correlated and inversely correlated with LSBK below, along with its price, financials, and company profile.
Stocks correlated with LSBK
Correlation of daily returns. Higher positive values move with LSBK; negative values move opposite it. Informational only, not investment advice.
Most correlated with LSBK
| Symbol | Company | Correlation |
|---|---|---|
| MYE | Myers Industries, Inc.PLASTICS PRODUCTS, NEC | 0.30 |
| WTS | Watts Water Technologies, Inc. Class AMISCELLANEOUS FABRICATED METAL PRODUCTS | 0.28 |
| GOLF | Acushnet Holdings Corp.SPORTING & ATHLETIC GOODS, NEC | 0.26 |
| JEM | 707 Cayman Holdings Limited Ordinary Shares | 0.26 |
| VBNK | VersaBank Common Shares | 0.26 |
Most inversely correlated with LSBK
| Symbol | Company | Correlation |
|---|---|---|
| CEPO | Cantor Equity Partners I, Inc. Class A Ordinary SharesBLANK CHECKS | -0.28 |
| UNCY | Unicycive Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.26 |
| EHGO | Eshallgo Inc. Class A Ordinary Shares | -0.26 |
| TC | Token Cat Limited American Depositary Shares | -0.25 |
| PAAA | PGIM AAA CLO ETF | -0.23 |
Frequently asked questions about LSBK correlations
- Which stocks are most correlated with LSBK?
- Based on one year of daily returns, the stocks most correlated with Lake Shore Bancorp, Inc. (LSBK) are MYE (0.30), WTS (0.28) and GOLF (0.26). 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 LSBK?
- Over the past year, the stocks most inversely correlated with Lake Shore Bancorp, Inc. (LSBK) are CEPO (-0.28), UNCY (-0.26) and EHGO (-0.26). 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 LSBK correlations calculated?
- We compute the correlation of daily returns between LSBK 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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