Lululemon Athletica Stock Overlap Studies Triple Exponential Moving Average
LULU Stock | USD 315.14 6.83 2.22% |
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The output start index for this execution was fifty-seven with a total number of output elements of four. Lululemon Athletica Triple Exponential Moving Average indicator shows smoothing effect of Lululemon Athletica price series composite of a single exponential moving average, a double exponential moving average and a triple exponential moving average.
Lululemon Athletica Technical Analysis Modules
Most technical analysis of Lululemon Athletica help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Lululemon from various momentum indicators to cycle indicators. When you analyze Lululemon charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.Cycle Indicators | ||
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About Lululemon Athletica Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Lululemon Athletica. We use our internally-developed statistical techniques to arrive at the intrinsic value of Lululemon Athletica based on widely used predictive technical indicators. In general, we focus on analyzing Lululemon Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Lululemon Athletica's daily price indicators and compare them against related drivers, such as overlap studies and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Lululemon Athletica's intrinsic value. In addition to deriving basic predictive indicators for Lululemon Athletica, we also check how macroeconomic factors affect Lululemon Athletica price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
2011 | 2015 | 2020 | 2024 (projected) | Days Sales Outstanding | 2.79 | 3.69 | 4.73 | 5.17 | PTB Ratio | 8.66 | 16.46 | 14.43 | 16.98 |
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Lululemon Athletica pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lululemon Athletica position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lululemon Athletica will appreciate offsetting losses from the drop in the long position's value.Lululemon Athletica Pair Trading
Lululemon Athletica Pair Trading Analysis
The ability to find closely correlated positions to Lululemon Athletica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lululemon Athletica 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 Lululemon Athletica - 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 Lululemon Athletica to buy it.
The correlation of Lululemon Athletica 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lululemon Athletica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lululemon Athletica moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lululemon Athletica can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Lululemon Stock Analysis
When running Lululemon Athletica's price analysis, check to measure Lululemon Athletica's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lululemon Athletica is operating at the current time. Most of Lululemon Athletica's value examination focuses on studying past and present price action to predict the probability of Lululemon Athletica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lululemon Athletica's price. Additionally, you may evaluate how the addition of Lululemon Athletica to your portfolios can decrease your overall portfolio volatility.