Lovesac Correlations

LOVE Stock

USD 25.68 0.10 0.39%

The current 90-days correlation between Lovesac and Purple Innovation is 0.32 (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.

Lovesac Correlation With Market

Significant diversification

The correlation between The Lovesac and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Lovesac 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 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

0.63	FLXS	Flexsteel Industries Earnings Call This Week	Pair Corr
0.72	ETD	Ethan Allen Interiors Buyout Trend	Pair Corr
0.61	MHK	Mohawk Industries Earnings Call This Week	Pair Corr
0.77	HOFT	Hooker Furniture	Pair Corr
0.69	BSET	Bassett Furniture	Pair Corr
0.77	COOK	Traeger	Pair Corr
0.75	BC	Brunswick	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.76	SG	Sweetgreen Sell-off Trend	Pair Corr
0.72	VC	Visteon Corp	Pair Corr
0.68	WING	Wingstop	Pair Corr
0.83	AXL	American Axle Manufa	Pair Corr
0.79	BWA	BorgWarner Earnings Call This Week	Pair Corr

Moving against Lovesac Stock

0.54	GV	Visionary Education	Pair Corr
0.32	BH	Biglari Holdings	Pair Corr
0.8	COE	51Talk Online Education	Pair Corr
0.74	ASO	Academy Sports Outdoors	Pair Corr
0.43	DOOO	BRP Inc	Pair Corr
0.37	FLYE	Fly E Group,	Pair Corr

Related Correlations Analysis

	TPX	LZB	PRPL	MBC	ETD	WHR	MHK	MLKN	SNBR	COOK
TPX		0.91	0.53	-0.27	0.27	0.78	-0.34	-0.08	0.6	-0.49	TPX
LZB	0.91		0.49	-0.27	0.51	0.7	-0.3	0.18	0.63	-0.32	LZB
PRPL	0.53	0.49		0.38	0.36	0.53	-0.03	0.09	0.61	-0.06	PRPL
MBC	-0.27	-0.27	0.38		0.36	-0.23	0.76	0.4	-0.1	0.66	MBC
ETD	0.27	0.51	0.36	0.36		0.03	0.35	0.78	0.34	0.52	ETD
WHR	0.78	0.7	0.53	-0.23	0.03		-0.34	-0.21	0.67	-0.55	WHR
MHK	-0.34	-0.3	-0.03	0.76	0.35	-0.34		0.51	-0.33	0.71	MHK
MLKN	-0.08	0.18	0.09	0.4	0.78	-0.21	0.51		0.22	0.82	MLKN
SNBR	0.6	0.63	0.61	-0.1	0.34	0.67	-0.33	0.22		-0.08	SNBR
COOK	-0.49	-0.32	-0.06	0.66	0.52	-0.55	0.71	0.82	-0.08		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

LZB	+ 0.91	TPX
COOK	+ 0.82	MLKN
WHR	+ 0.78	TPX
MLKN	+ 0.78	ETD
MHK	+ 0.76	MBC
COOK	+ 0.71	MHK

High negative correlations

COOK	- 0.55	WHR
COOK	- 0.49	TPX
MHK	- 0.34	WHR
MHK	- 0.34	TPX
SNBR	- 0.33	MHK
COOK	- 0.32	LZB

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	1.36	0.41	0.31	1.01	0.76	(1.76)	3.72	(1.53)	11.58
LZB	1.13	0.28	0.16	1.47	1.03	(1.26)	3.18	(2.06)	7.54
PRPL	3.33	0.41	0.09	0.50	3.57	(4.17)	6.49	(5.62)	20.64
MBC	1.52	(0.05)	0.00	0.60	0.00	0.00	3.18	(3.52)	11.57
ETD	1.27	0.14	0.03	1.27	1.58	(1.35)	2.30	(2.19)	7.79
WHR	1.66	0.02	(0.02)	0.29	3.24	(1.81)	4.01	(4.05)	14.36
MHK	1.56	(0.31)	0.00	(0.41)	0.00	0.00	3.57	(3.52)	13.82
MLKN	1.51	(0.06)	0.00	(0.11)	0.00	0.00	3.35	(2.80)	10.14
SNBR	3.35	0.35	0.11	0.30	3.32	(4.05)	8.60	(6.66)	25.55
COOK	2.09	(0.28)	0.00	(0.64)	0.00	0.00	4.44	(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

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