Looking to balance out your exposure to LNR.TO? The ETFs below have the lowest correlation with LNR.TO — they tend to move on their own, which can help reduce risk when LNR.TO drops. The stock ideas table highlights individual companies that behave independently from LNR.TO.
No Diversifiers Found for LNR.TO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LNR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LNR.TO and solid risk/return profiles. The least correlated is CES Energy Solutions Corp. (CEU.TO) (Energy) with a 1Y correlation of -0.00, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CES Energy Solutions Corp. | -0.00 | 0.16 | 0.24 | 98 | Energy | |
| Imperial Oil Limited | 0.06 | 0.20 | 0.22 | 91 | Energy | |
| Alimentation Couche-Tard Inc. | 0.19 | 0.15 | 0.21 | 55 | Consumer Cyclical | |
| Bombardier Inc | 0.27 | 0.32 | 0.35 | 98 | Industrials | |
| Richelieu Hardware Ltd. | 0.43 | 0.36 | 0.38 | 59 | Consumer Cyclical |
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