CNH vs LNN: Correlation
Measured on weekly returns over the past three years, CNH Industrial N.V. (CNH) and Lindsay Corporation (LNN) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNH and LNN?
Over the past 3 years, CNH and LNN moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 441.9 %².
Among the 15 assets we track against CNH, LNN ranks #7 by 3-year correlation. The trailing year gives CNH the advantage: -4.4% versus -17.6%, a 13.2-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CNH vs LNN: side by side
| CNH (CNH Industrial N.V.) | LNN (Lindsay Corporation) | |
|---|---|---|
| 1-year return | -4.4% | -17.6% |
| 5-year return | -12.0% | -27.8% |
| Volatility (ann.) | 33.5% | 26.8% |
| Beta vs S&P 500 | 0.73 | 0.46 |
| Max drawdown (3Y) | -33.2% | -30.0% |
| Market cap | $18.4B | $1.2B |
| P/E (trailing) | 45.7 | 21.9 |
| Dividend yield | 0.86% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNH | LNN |
|---|---|---|
| 2022 | -3.2% | +8.1% |
| 2023 | -22.0% | -19.8% |
| 2024 | -3.1% | -7.3% |
| 2025 | -17.1% | +0.8% |
| 2026 | +25.2% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNH and LNN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNH and LNN?
The CNH/LNN correlation stands at 0.49 on a 3-year window (1 year: 0.48, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is LNN a good diversifier for CNH?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CNH correlations · LNN correlations
