Lowes Companies Correlations
| LOW Stock | USD 227.19 4.87 2.19% |
The current 90-days correlation between Lowes Companies and Home Depot is 0.91 (i.e., Almost no diversification). The correlation of Lowes Companies 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.
Lowes Companies Correlation With Market
Poor diversification
The correlation between Lowes Companies and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lowes Companies and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Lowes Stock
| 0.97 | HD | Home Depot | PairCorr |
| 0.9 | BBY | Best Buy | PairCorr |
| 0.92 | FND | Floor Decor Holdings | PairCorr |
| 0.8 | HVT | Haverty Furniture | PairCorr |
| 0.8 | KIRK | Kirklands | PairCorr |
| 0.89 | ARHS | Arhaus Inc Earnings Call This Week | PairCorr |
| 0.9 | TTSH | Tile Shop Holdings Earnings Call This Week | PairCorr |
| 0.91 | FLXS | Flexsteel Industries | PairCorr |
| 0.8 | ETD | Ethan Allen Interiors | PairCorr |
| 0.76 | NTZ | Natuzzi SpA | PairCorr |
| 0.83 | HOFT | Hooker Furniture | PairCorr |
| 0.73 | LCUT | Lifetime Brands Earnings Call This Week | PairCorr |
| 0.73 | 38143CAV3 | GOLDMAN SACHS GROUP | PairCorr |
Moving against Lowes Stock
| 0.73 | BSET | Bassett Furniture | PairCorr |
| 0.37 | HBB | Hamilton Beach Brands Earnings Call Tomorrow | PairCorr |
| 0.77 | TETE | Technology Telecommunicatio | PairCorr |
| 0.69 | IPOAF | Industrias Penoles Sab | PairCorr |
| 0.57 | BCH | Banco De Chile | PairCorr |
| 0.5 | RGLXY | RTL Group SA | PairCorr |
| 0.5 | 013104AL8 | NEWALB 8 01 | PairCorr |
| 0.41 | AUMTF | Aurelia Metals | PairCorr |
| 0.36 | AHELF | American Helium | PairCorr |
| 0.34 | SVNLY | Svenska Handelsbanken | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Lowes Stock performing well and Lowes Companies 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 Lowes Companies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FND | 2.50 | (0.28) | 0.00 | (0.33) | 0.00 | 3.46 | 18.43 | |||
| LL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARHS | 3.72 | (0.30) | 0.00 | (0.31) | 0.00 | 6.22 | 27.31 | |||
| HVT | 2.28 | (0.02) | 0.00 | (0.15) | 0.00 | 4.81 | 22.08 | |||
| HD | 1.32 | (0.09) | 0.00 | (0.23) | 0.00 | 2.62 | 8.31 | |||
| KIRK | 2.86 | (0.18) | 0.00 | (0.29) | 0.00 | 7.02 | 18.53 | |||
| TTSH | 1.78 | (0.29) | 0.00 | (0.47) | 0.00 | 2.46 | 14.08 | |||
| LIVE | 3.13 | 0.00 | 0.11 | 0.00 | 3.33 | 5.94 | 27.44 | |||
| HVT-A | 2.67 | (0.37) | 0.00 | 0.63 | 0.00 | 6.88 | 20.35 |