LOWES Correlations

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80.78 7.62 8.62%

The current 90-days correlation between LOWES PANIES INC and Relx PLC ADR is -0.02 (i.e., Good diversification). The correlation of LOWES 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 Correlation With Market

Significant diversification

The correlation between LOWES PANIES INC and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LOWES PANIES INC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to LOWES 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 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 - 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 PANIES INC to buy it.

Moving against LOWES Bond

0.62	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.62	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.61	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.57	ELFNX	Elfun Trusts Elfun	Pair Corr
0.56	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.55	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.53	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.51	AVTE	Aerovate Therapeutics	Pair Corr
0.5	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.47	GOOG	Alphabet Class C Buyout Trend	Pair Corr
0.46	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.39	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.32	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	RELX	BEDU	XPOF	DJCO	FEDU	AFYA	HRDIL	EDTK
RELX		0.03	-0.34	-0.19	-0.09	0.14	0.0	0.0	RELX
BEDU	0.03		-0.6	-0.56	0.45	0.16	0.0	0.16	BEDU
XPOF	-0.34	-0.6		0.83	-0.47	-0.12	0.0	-0.05	XPOF
DJCO	-0.19	-0.56	0.83		-0.43	0.14	0.0	-0.31	DJCO
FEDU	-0.09	0.45	-0.47	-0.43		0.19	0.0	-0.02	FEDU
AFYA	0.14	0.16	-0.12	0.14	0.19		0.0	-0.35	AFYA
HRDIL	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HRDIL
EDTK	0.0	0.16	-0.05	-0.31	-0.02	-0.35	0.0		EDTK
	RELX	BEDU	XPOF	DJCO	FEDU	AFYA	HRDIL	EDTK

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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

DJCO	+ 0.83	XPOF
FEDU	+ 0.45	BEDU
AFYA	+ 0.19	FEDU
AFYA	+ 0.16	BEDU
EDTK	+ 0.16	BEDU
AFYA	+ 0.14	RELX

High negative correlations

XPOF	- 0.6	BEDU
DJCO	- 0.56	BEDU
FEDU	- 0.47	XPOF
FEDU	- 0.43	DJCO
EDTK	- 0.35	AFYA
XPOF	- 0.34	RELX

Risk-Adjusted Indicators

There is a big difference between LOWES Bond performing well and LOWES Corporate Bond 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'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
RELX	0.88	(0.06)	(0.11)	0.00	1.05	(1.01)	1.81	(1.47)	5.13
BEDU	2.33	(0.09)	0.00	0.28	0.00	0.00	5.38	(5.71)	13.53
XPOF	2.86	0.14	0.05	0.24	3.07	(3.04)	5.96	(5.55)	35.52
DJCO	1.75	0.04	0.13	0.13	1.54	(2.09)	3.45	(2.64)	17.89
FEDU	2.65	(0.14)	0.00	(0.05)	0.00	0.00	7.17	(4.82)	19.81
AFYA	1.47	(0.06)	(0.05)	0.01	1.97	(1.48)	2.62	(2.55)	9.86
HRDIL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EDTK	3.05	(0.05)	0.00	0.30	0.00	0.00	7.37	(5.61)	14.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in LOWES 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.

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