Levi Strauss Correlations

Stocks . USA . 
Stock . Levi Strauss Co
LEVI Stock  USD 15.97  0.17  1.08%   
The current 90-days correlation between Levi Strauss and LYFT Inc is 0.25 (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 0.32 (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

  0.64DOOO BRP Inc Earnings Call This WeekPairCorr
  0.63WLDS Wearable DevicesPairCorr
  0.63EZGO EZGO TechnologiesPairCorr
  0.71FEBO Fenbo HoldingsPairCorr
  0.77BLD Topbuild CorpPairCorr
  0.86CCS Century CommunitiesPairCorr
  0.77CRI CartersPairCorr
  0.77DFH Dream Finders Homes Buyout TrendPairCorr
  0.84DHI DR HortonPairCorr
  0.67DTC Solo BrandsPairCorr
  0.8HAS Hasbro IncPairCorr
  0.71HOV Hovnanian EnterprisesPairCorr
  0.71KBH KB Home Fiscal Year End 8th of January 2025 PairCorr
  0.83LEN Lennar Sell-off TrendPairCorr

Moving against Levi Stock

  0.71VSTO Vista OutdoorPairCorr
  0.7DOGZ Dogness InternationalPairCorr
  0.61AS Amer Sports, Upward RallyPairCorr
  0.48RL Ralph Lauren CorpPairCorr
  0.37UA Under Armour CPairCorr
  0.35VOXX VOXX International Upward RallyPairCorr
  0.49GIL Gildan ActivewearPairCorr
  0.49KTB Kontoor BrandsPairCorr
  0.48HBI HanesbrandsPairCorr
  0.38FOSL Fossil GroupPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
+ 0.6
LYFT
CHWY
+ 0.56
TPR
YETI
+ 0.47
CPRI
CHWY
+ 0.23
YETI
  
High negative correlations   
CPRI
- 0.68
TPR
CPRI
- 0.65
LYFT
CHWY
- 0.22
CPRI
YETI
- 0.19
TPR
YETI
- 0.08
LYFT

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY