Luxfer Holdings PLC Ordinary Shares (LXFR) — Stock Correlations & Overview
Over the past year, LXFR has moved most closely with MGMT, RUSC, SCDS. Explore the stocks most correlated and inversely correlated with LXFR below, along with its price, financials, and company profile.
Stocks correlated with LXFR
Correlation of daily returns. Higher positive values move with LXFR; negative values move opposite it. Informational only, not investment advice.
Most correlated with LXFR
| Symbol | Company | Correlation |
|---|---|---|
| MGMT | Ballast Small/Mid Cap ETF | 0.59 |
| RUSC | Russell Investments Exchange Traded Funds Russell Investments U.S. Small Cap Equity ETF | 0.59 |
| SCDS | JPMorgan Fundamental Data Science Small Core ETF | 0.59 |
| OVS | Overlay Shares Small Cap Equity ETF | 0.59 |
| XJR | iShares ESG Select Screened S&P Small-Cap ETF | 0.58 |
Frequently asked questions about LXFR correlations
- Which stocks are most correlated with LXFR?
- Based on one year of daily returns, the stocks most correlated with Luxfer Holdings PLC Ordinary Shares (LXFR) are MGMT (0.59), RUSC (0.59) and SCDS (0.59). 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 LXFR?
- Over the past year, the stocks most inversely correlated with Luxfer Holdings PLC Ordinary Shares (LXFR) are SDD (-0.58), TZA (-0.57) and SBB (-0.57). 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 LXFR correlations calculated?
- We compute the correlation of daily returns between LXFR 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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