Levi Strauss Correlations

Stocks . USA . 
Stock . Levi Strauss Co
LEVI Stock  USD 16.91  0.13  0.77%   
The current 90-days correlation between Levi Strauss and LYFT Inc is 0.28 (i.e., Modest diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Levi Strauss Correlation With Market

Weak diversification

The correlation between Levi Strauss Co and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Levi Strauss Co and DJI in the same portfolio, assuming nothing else is changed.
  
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 closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Levi Stock

  0.87CCS Century CommunitiesPairCorr
  0.68KBH KB Home Fiscal Year End 8th of January 2025 PairCorr
  0.83MTH MeritagePairCorr
  0.88NKE Nike Inc Aggressive PushPairCorr
  0.72SKX Skechers USAPairCorr
  0.67TPH TRI Pointe HomesPairCorr
  0.72LGIH LGI HomesPairCorr
  0.87WING WingstopPairCorr
  0.87ASO Academy Sports Outdoors Earnings Call TodayPairCorr
  0.83BBY Best BuyPairCorr

Moving against Levi Stock

  0.64BH Biglari HoldingsPairCorr
  0.63MYTE MYT Netherlands ParentPairCorr
  0.58WEYS Weyco GroupPairCorr
  0.55WWW Wolverine World WidePairCorr
  0.52CVCO Cavco IndustriesPairCorr
  0.42SG SweetgreenPairCorr
  0.41FOSL Fossil GroupPairCorr
  0.31ONON On Holding Sell-off TrendPairCorr
  0.83EAT Brinker InternationalPairCorr
  0.68LIND Lindblad Expeditions Potential GrowthPairCorr
  0.67FWRG First Watch RestaurantPairCorr
  0.55DAO Youdao IncPairCorr
  0.55KRUS Kura Sushi USAPairCorr
  0.53ADT ADT IncPairCorr
  0.5PBPB PotbellyPairCorr
  0.48WEN The WendysPairCorr
  0.46DPZ Dominos PizzaPairCorr
  0.37CMG Chipotle Mexican Grill Aggressive PushPairCorr
  0.36DIN Dine Brands GlobalPairCorr

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   
TPR
+ 0.89
LYFT
CHWY
+ 0.67
TPR
CHWY
+ 0.66
LYFT
YETI
+ 0.42
CPRI
CHWY
+ 0.3
YETI
YETI
+ 0.01
LYFT
  
High negative correlations   
CPRI
- 0.73
TPR
CPRI
- 0.7
LYFT
CHWY
- 0.35
CPRI
YETI
- 0.06
TPR

Risk-Adjusted Indicators

There is a big difference between Levi Stock performing well and Levi Strauss 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 Levi Strauss' 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.

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