Lululemon Athletica Related Correlations

LULU Stock  USD 389.46  3.32  0.86%   
Generate correlation matrix for Lululemon Athletica and other related equities to check the degree to which Lululemon Athletica price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Lululemon Athletica. To filter out specific equities, please toggle its corresponding legend item. 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.
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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
12.19
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.

Correlations

MBUU
MCFT
BC
DOOO
MODG
MBUU
0.230.230.88-0.1
MBUU
MCFT
0.230.80.360.65
MCFT
BC
0.230.80.280.58
BC
DOOO
0.880.360.28-0.1
DOOO
MODG
-0.10.650.58-0.1
MODG
MBUU
MCFT
BC
DOOO
MODG
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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   
DOOOMBUU
BCMCFT
MODGMCFT
MODGBC
DOOOMCFT
DOOOBC
  
High negative correlations   
MODGDOOO
MODGMBUU

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.