Lovesac Correlations

LOVE Stock

USD 23.52 0.53 2.31%

The current 90-days correlation between Lovesac and Purple Innovation is 0.33 (i.e., Weak diversification). The correlation of Lovesac 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Lovesac. 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 Lovesac Stock

0.82	HOFT	Hooker Furniture	Pair Corr
0.65	ATER	Aterian	Pair Corr
0.81	F	Ford Motor Aggressive Push	Pair Corr
0.87	BC	Brunswick	Pair Corr
0.77	EZGO	EZGO Technologies	Pair Corr
0.76	WYNN	Wynn Resorts Limited Buyout Trend	Pair Corr
0.82	AXL	American Axle Manufa Buyout Trend	Pair Corr
0.86	BLD	Topbuild Corp	Pair Corr
0.85	BZH	Beazer Homes USA	Pair Corr
0.88	CCS	Century Communities	Pair Corr
0.62	CZR	Caesars Entertainment Earnings Call Tomorrow	Pair Corr
0.9	DHI	DR Horton	Pair Corr
0.73	DIN	Dine Brands Global	Pair Corr

Moving against Lovesac Stock

0.71	VUZI	Vuzix Corp Cmn	Pair Corr
0.65	ASO	Academy Sports Outdoors	Pair Corr
0.62	EVRI	Everi Holdings	Pair Corr
0.46	RH	RH	Pair Corr
0.46	AGS	PlayAGS	Pair Corr
0.63	DDS	Dillards Earnings Call This Week	Pair Corr
0.61	JWN	Nordstrom	Pair Corr
0.56	EAT	Brinker International	Pair Corr

Related Correlations Analysis

	TPX	LZB	PRPL	MBC	ETD	WHR	MHK	MLKN	SNBR	COOK
TPX		0.7	0.66	0.38	0.32	-0.31	-0.41	-0.44	0.42	-0.46	TPX
LZB	0.7		0.76	0.51	0.63	0.02	-0.19	-0.04	0.59	-0.11	LZB
PRPL	0.66	0.76		0.62	0.39	0.22	-0.09	-0.11	0.62	-0.14	PRPL
MBC	0.38	0.51	0.62		0.65	0.01	0.6	0.31	0.15	0.41	MBC
ETD	0.32	0.63	0.39	0.65		-0.33	0.36	0.56	0.32	0.57	ETD
WHR	-0.31	0.02	0.22	0.01	-0.33		0.12	0.02	0.31	-0.02	WHR
MHK	-0.41	-0.19	-0.09	0.6	0.36	0.12		0.64	-0.31	0.79	MHK
MLKN	-0.44	-0.04	-0.11	0.31	0.56	0.02	0.64		0.11	0.95	MLKN
SNBR	0.42	0.59	0.62	0.15	0.32	0.31	-0.31	0.11		-0.03	SNBR
COOK	-0.46	-0.11	-0.14	0.41	0.57	-0.02	0.79	0.95	-0.03		COOK
	TPX	LZB	PRPL	MBC	ETD	WHR	MHK	MLKN	SNBR	COOK

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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

COOK	+ 0.95	MLKN
COOK	+ 0.79	MHK
PRPL	+ 0.76	LZB
LZB	+ 0.7	TPX
PRPL	+ 0.66	TPX
ETD	+ 0.65	MBC

High negative correlations

COOK	- 0.46	TPX
MLKN	- 0.44	TPX
MHK	- 0.41	TPX
WHR	- 0.33	ETD
SNBR	- 0.31	MHK
WHR	- 0.31	TPX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TPX	1.38	0.37	0.27	0.76	0.99	(1.71)	3.54	(1.91)	9.17
LZB	1.28	0.17	0.10	0.29	1.53	(1.37)	3.18	(2.31)	9.47
PRPL	3.37	0.40	0.10	0.31	3.51	(4.25)	6.67	(5.83)	24.77
MBC	1.40	(0.01)	0.00	(0.01)	2.08	(1.40)	3.16	(3.08)	11.51
ETD	1.33	0.07	0.05	0.11	1.46	(1.45)	2.30	(2.35)	13.74
WHR	1.76	(0.03)	0.00	(0.10)	0.00	0.00	4.01	(4.05)	26.79
MHK	1.39	(0.28)	0.00	(0.26)	0.00	0.00	2.52	(3.31)	9.00
MLKN	1.54	(0.07)	0.00	(0.12)	0.00	0.00	2.98	(2.87)	10.39
SNBR	3.41	0.31	0.08	0.19	3.57	(4.07)	8.60	(6.37)	25.55
COOK	1.99	(0.34)	0.00	(0.31)	0.00	0.00	4.10	(5.02)	18.48

Lovesac Corporate Executives

Elected by the shareholders, the Lovesac's board of directors comprises two types of representatives: Lovesac inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lovesac. The board's role is to monitor Lovesac's management team and ensure that shareholders' interests are well served. Lovesac's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lovesac's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Keith Siegner	Executive CFO	Profile
	CPA CFA	CFO VP	Profile

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