LOWES Correlations

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96.12 10.16 9.56%

The current 90-days correlation between LOWES INC 58 and Sabre Corpo is -0.05 (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 INC 58 and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LOWES INC 58 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 INC 58 to buy it.

Moving against LOWES Bond

0.56	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.55	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.52	WMT	Walmart Aggressive Push	Pair Corr
0.51	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.49	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.46	DIS	Walt Disney Sell-off Trend	Pair Corr
0.43	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.36	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.35	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.34	HD	Home Depot	Pair Corr
0.33	HPQ	HP Inc	Pair Corr
0.32	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	SABR	SPCB	TGS	HURC	CQP	EGO	ATO	WAVS
SABR		0.62	0.49	0.72	0.46	0.05	0.76	0.67	SABR
SPCB	0.62		0.23	0.54	0.32	-0.05	0.5	0.17	SPCB
TGS	0.49	0.23		0.64	0.91	-0.59	0.82	0.31	TGS
HURC	0.72	0.54	0.64		0.7	-0.3	0.85	0.59	HURC
CQP	0.46	0.32	0.91	0.7		-0.6	0.81	0.18	CQP
EGO	0.05	-0.05	-0.59	-0.3	-0.6		-0.29	0.14	EGO
ATO	0.76	0.5	0.82	0.85	0.81	-0.29		0.53	ATO
WAVS	0.67	0.17	0.31	0.59	0.18	0.14	0.53		WAVS
	SABR	SPCB	TGS	HURC	CQP	EGO	ATO	WAVS

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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

CQP	+ 0.91	TGS
ATO	+ 0.85	HURC
ATO	+ 0.82	TGS
ATO	+ 0.81	CQP
ATO	+ 0.76	SABR
HURC	+ 0.72	SABR

High negative correlations

EGO	- 0.6	CQP
EGO	- 0.59	TGS
EGO	- 0.3	HURC
ATO	- 0.29	EGO
EGO	- 0.05	SPCB

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
SABR	2.26	0.27	0.07	0.28	4.47	(2.36)	5.33	(3.43)	30.83
SPCB	3.83	0.37	0.06	2.24	4.34	(4.24)	9.09	(7.91)	19.42
TGS	2.22	0.73	0.25	3.39	1.94	(2.48)	6.42	(3.08)	12.65
HURC	1.88	0.41	0.20	0.72	1.44	(2.28)	4.37	(3.00)	18.87
CQP	1.08	0.32	0.17	2.35	0.88	(1.21)	2.30	(1.85)	4.88
EGO	1.89	(0.12)	0.00	(0.37)	0.00	0.00	3.39	(5.22)	12.12
ATO	0.66	0.20	0.16	0.66	0.31	(0.78)	1.85	(1.17)	3.85
WAVS	1.06	0.14	(0.01)	(0.28)	1.52	(2.05)	3.35	(3.25)	12.07

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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