LesliesInc Correlations
| LESL Stock | USD 3.93 0.21 5.07% |
The correlation of LesliesInc 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LesliesInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LesliesInc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between LesliesInc and NYA is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LesliesInc and NYA in the same portfolio, assuming nothing else is changed.
LesliesInc |
The ability to find closely correlated positions to LesliesInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LesliesInc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LesliesInc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LesliesInc to buy it.
Moving together with LesliesInc Stock
| 0.7 | FL | Foot Locker Financial Report 17th of May 2024 | PairCorr |
| 0.76 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
| 0.88 | FIVE | Five Below Financial Report 6th of June 2024 | PairCorr |
| 0.67 | FLWS | 1 800 FLOWERSCOM Earnings Call Tomorrow | PairCorr |
| 0.71 | BGI | Birks Group | PairCorr |
| 0.76 | CWH | Camping World Holdings Financial Report 7th of May 2024 | PairCorr |
| 0.7 | EYE | National Vision Holdings Financial Report 9th of May 2024 | PairCorr |
Moving against LesliesInc Stock
| 0.5 | DKS | Dicks Sporting Goods Financial Report 28th of May 2024 | PairCorr |
| 0.49 | AN | AutoNation | PairCorr |
| 0.47 | GPC | Genuine Parts | PairCorr |
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in LesliesInc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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LesliesInc Corporate Management
Elected by the shareholders, the LesliesInc's board of directors comprises two types of representatives: LesliesInc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LesliesInc. The board's role is to monitor LesliesInc's management team and ensure that shareholders' interests are well served. LesliesInc'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, LesliesInc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Moyo LaBode | Chief Officer | Profile | |
| Dave Caspers | Chief Officer | Profile | |
| Michael Egeck | CEO Director | Profile | |
| Paula Baker | Chief Officer | Profile | |
| Mike Africa | Chief Officer | Profile |
Already Invested in LesliesInc?
The danger of trading LesliesInc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of LesliesInc is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than LesliesInc. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile LesliesInc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether LesliesInc is a strong investment it is important to analyze LesliesInc's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact LesliesInc's future performance. For an informed investment choice regarding LesliesInc Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LesliesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy LesliesInc Stock please use our How to buy in LesliesInc Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for LesliesInc Stock analysis
When running LesliesInc's price analysis, check to measure LesliesInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LesliesInc is operating at the current time. Most of LesliesInc's value examination focuses on studying past and present price action to predict the probability of LesliesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LesliesInc's price. Additionally, you may evaluate how the addition of LesliesInc to your portfolios can decrease your overall portfolio volatility.
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Is LesliesInc'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 LesliesInc. If investors know LesliesInc 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 LesliesInc 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 (0.71) | Earnings Share 0.1 | Revenue Per Share 7.77 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0624 |
The market value of LesliesInc is measured differently than its book value, which is the value of LesliesInc that is recorded on the company's balance sheet. Investors also form their own opinion of LesliesInc's value that differs from its market value or its book value, called intrinsic value, which is LesliesInc'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 LesliesInc's market value can be influenced by many factors that don't directly affect LesliesInc'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 LesliesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if LesliesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LesliesInc'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.