Lowes Companies Correlations

Stocks . Germany . 
Stock . Lowes Companies
LWE Stock  EUR 257.15  0.80  0.31%   
The current 90-days correlation between Lowes Companies and Costco Wholesale Corp is 0.3 (i.e., Weak 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.

Lowes Companies Correlation With Market

Modest diversification

The correlation between Lowes Companies and DJI is 0.24 (i.e., Modest 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.
  
The ability to find closely correlated positions to Lowes Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lowes Companies 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 Lowes Companies - 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 Lowes Companies to buy it.

Moving together with Lowes Stock

  0.792TS Tile Shop HoldingsPairCorr
  0.82FOO SalesforcePairCorr
  0.767RY Ryerson HoldingPairCorr
  0.71MGC MGIC INVESTMENTPairCorr
  0.77AD2 Air China LimitedPairCorr
  0.678II PLAYTIKA HOLDINGPairCorr
  0.82SV2 Selective InsurancePairCorr
  0.78DTE Deutsche TelekomPairCorr
  0.89E5M EAGLE MATERIALSPairCorr
  0.76BBN1 Blackstone GroupPairCorr
  0.797D8 BROOKFBH 462 PRSNUPairCorr
  0.9UR3 United RentalsPairCorr
  0.691XV AXWAY SOFTWARE EOPairCorr
  0.62PLUN Plug PowerPairCorr
  0.7GOS Goldman SachsPairCorr
  0.81AMC AlbemarlePairCorr
  0.72CFX Capital One FinancialPairCorr
  0.83APC Apple IncPairCorr
  0.79WMB The Williams CompaniesPairCorr
  0.76AC8 ARISTOCRAT LEISUREPairCorr
  0.67CUCA AVIS BUDGET GROUPPairCorr

Moving against Lowes Stock

  0.7603F IDP EDUCATION LTDPairCorr
  0.664Y7 PLATO GOLD PPairCorr
  0.63A8X Fiskars Oyj AbpPairCorr
  0.36TEY TeradynePairCorr
  0.3425F Haverty FurniturePairCorr
  0.78DBPD Xtrackers ShortDAXPairCorr

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   
8BJ
+ 0.94
VEFW
CTO
+ 0.87
VEFW
CTO
+ 0.86
8BJ
CTO
+ 0.77
BUI
VEFW
+ 0.76
CE3
PIK
+ 0.75
8BJ
  
High negative correlations   
VEFW
- 0.9
R6N
8BJ
- 0.84
R6N
CTO
- 0.82
5JQ
CTO
- 0.81
R6N
5JQ
- 0.75
VEFW
5JQ
- 0.72
8BJ

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lowes Companies 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?

Run Stock Screener Now

   

Stock Screener

Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
All  Next Launch Module

Lowes Companies Corporate Management

Elected by the shareholders, the Lowes Companies' board of directors comprises two types of representatives: Lowes Companies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lowes. The board's role is to monitor Lowes Companies' management team and ensure that shareholders' interests are well served. Lowes Companies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lowes Companies' outside directors are responsible for providing unbiased perspectives on the board's policies.
Kate PearlmanVP RelationsProfile
Marvin EllisonCEO PresProfile
Joseph IIIEx StoresProfile
Esq CPAGen VPProfile
Brandon SinkEx CFOProfile
Jeff ViningChief VPProfile
Seemantini GodboleEx OfficerProfile
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