Levi Strauss Correlations
| LEVI Stock | USD 20.55 0.04 0.20% |
The correlation of Levi Strauss is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Levi Strauss moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Levi Strauss Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Levi Strauss Co and NYA is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Levi Strauss Co and NYA in the same portfolio, assuming nothing else is changed.
Levi |
The ability to find closely correlated positions to Levi Strauss could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Levi Strauss when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Levi Strauss - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Levi Strauss Co to buy it.
Moving together with Levi Stock
| 0.63 | RL | Ralph Lauren Corp Financial Report 23rd of May 2024 | PairCorr |
| 0.76 | DOGZ | Dogness International | PairCorr |
| 0.8 | VZIO | Vizio Holding Corp Financial Report 14th of May 2024 | PairCorr |
| 0.72 | WLDS | Wearable Devices | PairCorr |
| 0.81 | BLD | Topbuild Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.71 | DFH | Dream Finders HomesInc Financial Report 2nd of May 2024 | PairCorr |
| 0.89 | HAS | Hasbro Inc Earnings Call This Week | PairCorr |
| 0.63 | HBI | Hanesbrands Financial Report 1st of May 2024 | PairCorr |
Moving against Levi Stock
| 0.84 | VEEE | Twin Vee Powercats | PairCorr |
| 0.8 | FOSL | Fossil Group | PairCorr |
| 0.8 | UHG | United Homes Group | PairCorr |
| 0.75 | VUZI | Vuzix Corp Cmn Financial Report 8th of May 2024 | PairCorr |
| 0.67 | VRA | Vera Bradley Financial Report 5th of June 2024 | PairCorr |
| 0.64 | NKE | Nike Inc Financial Report 4th of July 2024 | PairCorr |
| 0.59 | SKX | Skechers USA Earnings Call This Week | PairCorr |
| 0.54 | VOXX | VOXX International Downward Rally | PairCorr |
| 0.47 | MHO | MI Homes Earnings Call This Week | PairCorr |
| 0.42 | UA | Under Armour C | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Levi Strauss without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Levi Strauss Corporate Directors
Levi Strauss corporate directors refer to members of a Levi Strauss board of directors. The board of directors generally takes responsibility for the Levi Strauss' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Levi Strauss' board members must vote for the resolution. The Levi Strauss board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Peter Haas | Independent Director | Profile | |
| Jill Beraud | Independent Director | Profile | |
| Spencer Fleischer | Independent Director | Profile | |
| Troy Alstead | Independent Director | Profile |
Already Invested in Levi Strauss Co?
The danger of trading Levi Strauss Co is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Levi Strauss is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Levi Strauss. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Levi Strauss is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Levi Strauss offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Levi Strauss' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Levi Strauss Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Levi Strauss Co Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Levi Strauss Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Levi Strauss' price analysis, check to measure Levi Strauss' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Levi Strauss is operating at the current time. Most of Levi Strauss' value examination focuses on studying past and present price action to predict the probability of Levi Strauss' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Levi Strauss' price. Additionally, you may evaluate how the addition of Levi Strauss to your portfolios can decrease your overall portfolio volatility.
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| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |
Is Levi Strauss' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Levi Strauss. If investors know Levi will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Levi Strauss listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Dividend Share 0.48 | Earnings Share 0.3 | Revenue Per Share 15.197 | Quarterly Revenue Growth (0.08) |
The market value of Levi Strauss is measured differently than its book value, which is the value of Levi that is recorded on the company's balance sheet. Investors also form their own opinion of Levi Strauss' value that differs from its market value or its book value, called intrinsic value, which is Levi Strauss' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Levi Strauss' market value can be influenced by many factors that don't directly affect Levi Strauss' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Levi Strauss' value and its price as these two are different measures arrived at by different means. Investors typically determine if Levi Strauss is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Levi Strauss' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.