Lululemon Athletica Stock Forecast - Daily Balance Of Power
| LULU Stock | USD 303.01 3.27 1.09% |
Lululemon Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Lululemon Athletica stock prices and determine the direction of Lululemon Athletica's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Lululemon Athletica's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Lululemon Athletica's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Lululemon Athletica's systematic risk associated with finding meaningful patterns of Lululemon Athletica fundamentals over time.
Check out Historical Fundamental Analysis of Lululemon Athletica to cross-verify your projections. Lululemon |
Open Interest Against 2024-05-31 Lululemon Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Lululemon Athletica's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Lululemon Athletica's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Lululemon Athletica stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Lululemon Athletica's open interest, investors have to compare it to Lululemon Athletica's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Lululemon Athletica is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Lululemon. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Lululemon Athletica cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Lululemon Athletica's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Lululemon Athletica's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Lululemon Athletica market sensitivity to bulls and bears. It estimates the ability of Lululemon Athletica buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Lululemon Athletica Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.5872 | 0.2645 |
| Check Lululemon Athletica Volatility | Backtest Lululemon Athletica | Trend Details |
Lululemon Athletica Trading Date Momentum
| On November 01 2023 Lululemon Athletica was traded for 395.29 at the closing time. The top price for the day was 395.81 and the lowest listed price was 385.26 . The trading volume for the day was 1.3 M. The trading history from November 1, 2023 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 0.46% . The trading delta at closing time against the current closing price is 4.61% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Lululemon Athletica to competition |
Other Forecasting Options for Lululemon Athletica
For every potential investor in Lululemon, whether a beginner or expert, Lululemon Athletica's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Lululemon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Lululemon. Basic forecasting techniques help filter out the noise by identifying Lululemon Athletica's price trends.Lululemon Athletica Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lululemon Athletica stock to make a market-neutral strategy. Peer analysis of Lululemon Athletica could also be used in its relative valuation, which is a method of valuing Lululemon Athletica by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Lululemon Athletica Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Lululemon Athletica's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Lululemon Athletica's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Lululemon Athletica Market Strength Events
Market strength indicators help investors to evaluate how Lululemon Athletica stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lululemon Athletica shares will generate the highest return on investment. By undertsting and applying Lululemon Athletica stock market strength indicators, traders can identify Lululemon Athletica entry and exit signals to maximize returns.
Lululemon Athletica Risk Indicators
The analysis of Lululemon Athletica's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Lululemon Athletica's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lululemon stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.56 | |||
| Standard Deviation | 2.57 | |||
| Variance | 6.61 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Lululemon Athletica
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lululemon Athletica position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lululemon Athletica will appreciate offsetting losses from the drop in the long position's value.Moving together with Lululemon Stock
| 0.81 | RL | Ralph Lauren Corp | PairCorr |
| 0.82 | UA | Under Armour C | PairCorr |
Moving against Lululemon Stock
| 0.74 | VSTO | Vista Outdoor Earnings Call This Week | PairCorr |
| 0.67 | DOOO | BRP Inc Earnings Call This Week | PairCorr |
| 0.55 | FEBO | Fenbo Holdings | PairCorr |
| 0.42 | DXYN | Dixie Group | PairCorr |
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.
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.
Correlation analysis and pair trading evaluation for Lululemon Athletica can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Lululemon Athletica to cross-verify your projections. For more information on how to buy Lululemon Stock please use our How to Invest in Lululemon Athletica guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Lululemon Stock analysis
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 12.21 | 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.