Lifetime Brands Correlations

Lifetime Brands Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lifetime Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Lifetime Stock please use our How to Invest in Lifetime Brands guide.

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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    HBB + 0.79 BSET HOFT + 0.78 FLXS ETD + 0.52 FLXS ETD + 0.33 NTZ HOFT + 0.32 ETD NTZ + 0.14 BSET

High negative correlations    FLXS - 0.77 BSET HBB - 0.68 FLXS HOFT - 0.47 BSET ETD - 0.33 HBB HOFT - 0.29 NTZ HOFT - 0.29 HBB

Risk-Adjusted Indicators

There is a big difference between Lifetime Stock performing well and Lifetime Brands 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 Lifetime Brands' 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.