Lululemon Athletica Correlations
| LULU Stock | USD 361.79 9.32 2.64% |
The correlation of Lululemon Athletica 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 Lululemon Athletica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lululemon Athletica 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.
Very weak diversification
The correlation between Lululemon Athletica and NYA is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lululemon Athletica and NYA in the same portfolio, assuming nothing else is changed.
Lululemon |
The ability to find closely correlated positions to Lululemon Athletica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lululemon Athletica 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 Lululemon Athletica - 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 Lululemon Athletica to buy it.
Moving together with Lululemon Stock
| 0.74 | UA | Under Armour C | PairCorr |
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| 0.72 | DXYN | Dixie Group | PairCorr |
| 0.71 | VMAR | Vision Marine Techno Financial Report 11th of July 2024 | PairCorr |
| 0.95 | EZGO | EZGO Technologies | PairCorr |
| 0.74 | FORD | Forward Industries | PairCorr |
Moving against Lululemon Stock
| 0.7 | VSTO | Vista Outdoor Financial Report 1st of May 2024 | PairCorr |
| 0.58 | DOOO | BRP Inc Financial Report 6th of June 2024 | PairCorr |
| 0.54 | BLD | Topbuild Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.49 | DOGZ | Dogness International Downward Rally | PairCorr |
| 0.79 | HAS | Hasbro Inc Earnings Call Tomorrow | PairCorr |
| 0.63 | GIL | Gildan Activewear Financial Report 1st of May 2024 | PairCorr |
| 0.6 | MPX | Marine Products Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Lululemon Stock performing well and Lululemon Athletica Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lululemon Athletica's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Be your own money manager
Our tools can tell you how much better you can do entering a position in Lululemon Athletica 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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Lululemon Athletica Corporate Directors
Lululemon Athletica corporate directors refer to members of a Lululemon Athletica board of directors. The board of directors generally takes responsibility for the Lululemon Athletica's 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 Lululemon Athletica's board members must vote for the resolution. The Lululemon Athletica board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Rhoda Pitcher | Independent Director | Profile | |
| Steven Collins | Director | Profile | |
| Kathryn Henry | Director | Profile | |
| Stephanie Ferris | Director | Profile |
Already Invested in Lululemon Athletica?
The danger of trading Lululemon Athletica 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 Lululemon Athletica 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 Lululemon Athletica. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lululemon Athletica 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 Lululemon Athletica is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Lululemon Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Lululemon Athletica Stock. Highlighted below are key reports to facilitate an investment decision about Lululemon Athletica Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lululemon Athletica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Lululemon Stock please use our How to Invest in Lululemon Athletica guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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When running Lululemon Athletica's price analysis, check to measure Lululemon Athletica's 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 Lululemon Athletica is operating at the current time. Most of Lululemon Athletica's value examination focuses on studying past and present price action to predict the probability of Lululemon Athletica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lululemon Athletica's price. Additionally, you may evaluate how the addition of Lululemon Athletica to your portfolios can decrease your overall portfolio volatility.
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Is Lululemon Athletica's 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 Lululemon Athletica. If investors know Lululemon 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 Lululemon Athletica 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 4.639 | Earnings Share 12.2 | Revenue Per Share 75.906 | Quarterly Revenue Growth 0.156 | Return On Assets 0.2173 |
The market value of Lululemon Athletica is measured differently than its book value, which is the value of Lululemon that is recorded on the company's balance sheet. Investors also form their own opinion of Lululemon Athletica's value that differs from its market value or its book value, called intrinsic value, which is Lululemon Athletica's 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 Lululemon Athletica's market value can be influenced by many factors that don't directly affect Lululemon Athletica's 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 Lululemon Athletica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lululemon Athletica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lululemon Athletica's 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.