Lululemon Athletica Correlations

LULU Stock

USD 322.62 1.83 0.56%

The current 90-days correlation between Lululemon Athletica and American Eagle Outfitters is 0.42 (i.e., Very weak diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Lululemon Athletica Correlation With Market

Weak diversification

The correlation between Lululemon Athletica and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lululemon Athletica 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 Lululemon Athletica. Also, note that the market value of any company could be closely tied 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.

Moving together with Lululemon Stock

0.72	UA	Under Armour C	Pair Corr
0.63	CCS	Century Communities	Pair Corr
0.72	HOV	Hovnanian Enterprises	Pair Corr
0.69	KBH	KB Home	Pair Corr
0.86	KTB	Kontoor Brands	Pair Corr
0.62	MTH	Meritage	Pair Corr
0.81	OXM	Oxford Industries Earnings Call This Week	Pair Corr
0.75	TPH	TRI Pointe Homes	Pair Corr
0.74	ZGN	Ermenegildo Zegna Earnings Call This Week	Pair Corr
0.72	GIII	G III Apparel	Pair Corr
0.75	LGIH	LGI Homes	Pair Corr
0.85	LIVE	Live Ventures	Pair Corr
0.61	TMHC	Taylor Morn Home	Pair Corr
0.86	HD	Home Depot	Pair Corr
0.89	RH	RH Earnings Call This Week	Pair Corr
0.81	ETSY	Etsy Inc	Pair Corr
0.76	EWCZ	European Wax Center	Pair Corr
0.77	DDS	Dillards	Pair Corr
0.9	DKS	Dicks Sporting Goods	Pair Corr
0.68	XELB	Xcel Brands	Pair Corr
0.81	FND	Floor Decor Holdings	Pair Corr
0.86	LOW	Lowes Companies	Pair Corr
0.89	GLBE	Global E Online	Pair Corr
0.74	KIRK	Kirklands	Pair Corr
0.8	RENT	Rent the Runway	Pair Corr

Moving against Lululemon Stock

0.45	JD	JD Inc Adr	Pair Corr
0.74	YUM	Yum Brands	Pair Corr
0.6	NATH	Nathans Famous	Pair Corr
0.57	PZZA	Papa Johns International	Pair Corr
0.56	MCD	McDonalds	Pair Corr
0.51	PDD	PDD Holdings	Pair Corr
0.42	MELI	MercadoLibre	Pair Corr
0.36	XOSWW	Xos Equity Warrants	Pair Corr

Related Correlations Analysis

	AEO	ANF	URBN	FL	PLCE	GPS
AEO		0.89	0.55	0.9	0.91	0.0	AEO
ANF	0.89		0.45	0.93	0.87	0.0	ANF
URBN	0.55	0.45		0.49	0.41	0.0	URBN
FL	0.9	0.93	0.49		0.85	0.0	FL
PLCE	0.91	0.87	0.41	0.85		0.0	PLCE
GPS	0.0	0.0	0.0	0.0	0.0		GPS
	AEO	ANF	URBN	FL	PLCE	GPS

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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

FL	+ 0.93	ANF
PLCE	+ 0.91	AEO
FL	+ 0.9	AEO
ANF	+ 0.89	AEO
PLCE	+ 0.87	ANF
PLCE	+ 0.85	FL

High negative correlations

GPS	- 0.0	PLCE
GPS	- 0.0	FL
GPS	- 0.0	URBN
GPS	- 0.0	ANF
GPS	- 0.0	AEO

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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
AEO	2.08	(0.40)	(0.37)	2.89	(4.69)	13.66
ANF	2.59	(0.81)	(3.85)	4.01	(6.10)	21.79
URBN	2.04	(0.03)	(0.12)	3.57	(3.81)	15.80
FL	2.14	(0.34)	(0.34)	4.66	(4.80)	13.42
PLCE	3.04	(0.09)	(0.12)	5.96	(6.44)	33.45
GPS	0.00	0.00	0.00	0.00	0.00	0.00

Lululemon Athletica Corporate Management

Howard Tubin	Vice Relations	Profile
Shannon Higginson	Chief Officer	Profile
Susan Gelinas	Chief Officer	Profile
Ted Dagnese	Chief Officer	Profile

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