Correlations

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Lumber

Lumber, also known as timber, is wood that has been processed into beams and planks, a stage in the process of wood production. When the lumber price increased, companies that involved in wood products have been able to improve their margin by raising the average selling price of their wood products. Naturally, lumber price has a positive correlation with the wood manufacturer’s revenue.




Note:

  • Correlations score shown above is representing Pearson correlation coefficient (Pearson's r).
  • Newly listed companies have been filtered out due to lack of data points.