Lowes Companies Correlations

LOW Stock

USD 247.29 0.79 0.32%

The current 90-days correlation between Lowes Companies and The TJX Companies is 0.45 (i.e., Very 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Lowes Companies Correlation With Market

Very weak diversification

The correlation between Lowes Companies and DJI is 0.44 (i.e., Very weak 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.

Build AI portfolio with Lowes Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lowes Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Lowes Stock please use our How to Invest in Lowes Companies guide.

Moving together with Lowes Stock

0.76	HD	Home Depot	Pair Corr
0.88	FND	Floor Decor Holdings	Pair Corr
0.76	HD	HOME DEPOT CDR	Pair Corr
0.7	0R1G	Home Depot	Pair Corr

Moving against Lowes Stock

0.55	NXN	Nuveen New York	Pair Corr
0.52	F	Ford Motor Aggressive Push	Pair Corr
0.46	ELPC	Companhia Paranaense	Pair Corr
0.44	TS	Tenaris SA ADR	Pair Corr
0.43	SDST	Stardust Power	Pair Corr
0.4	BKLRF	Berkeley Energy	Pair Corr
0.38	NWG	Natwest Group PLC	Pair Corr
0.35	LNDNF	Lundin Energy AB	Pair Corr
0.35	SHOO	Steven Madden	Pair Corr
0.32	MVST	Microvast Holdings	Pair Corr
0.32	LAKE	Lakeland Industries	Pair Corr
0.32	BRK-B	Berkshire Hathaway	Pair Corr
0.81	TPTW	TPT Global Tech	Pair Corr
0.81	NCHEY	Nichirei	Pair Corr
0.81	TOKSF	Tokyo Steel Manufacturing	Pair Corr
0.58	MRVL	Marvell Technology	Pair Corr
0.57	CBOE	Cboe Global Markets	Pair Corr
0.54	SOHOO	Sotherly Hotels Pref	Pair Corr
0.51	CSCO	Cisco Systems	Pair Corr
0.5	OCS	Oculis Holding AG	Pair Corr
0.5	HOUS	Anywhere Real Estate	Pair Corr
0.43	ACR-PC	ACRES Commercial Realty	Pair Corr

Related Correlations Analysis

	TJX	NKE	MELI	PDD	BKNG	SE	RCL	SBUX	ORLY	ARHS
TJX		-0.46	-0.7	-0.75	-0.4	-0.85	-0.68	0.46	-0.39	-0.16	TJX
NKE	-0.46		0.55	0.23	0.85	0.72	0.89	0.01	0.76	0.78	NKE
MELI	-0.7	0.55		0.51	0.69	0.72	0.67	-0.23	0.39	0.49	MELI
PDD	-0.75	0.23	0.51		0.29	0.54	0.39	-0.19	0.08	0.02	PDD
BKNG	-0.4	0.85	0.69	0.29		0.68	0.8	-0.08	0.6	0.78	BKNG
SE	-0.85	0.72	0.72	0.54	0.68		0.86	-0.45	0.69	0.45	SE
RCL	-0.68	0.89	0.67	0.39	0.8	0.86		-0.18	0.71	0.68	RCL
SBUX	0.46	0.01	-0.23	-0.19	-0.08	-0.45	-0.18		0.01	0.09	SBUX
ORLY	-0.39	0.76	0.39	0.08	0.6	0.69	0.71	0.01		0.5	ORLY
ARHS	-0.16	0.78	0.49	0.02	0.78	0.45	0.68	0.09	0.5		ARHS
	TJX	NKE	MELI	PDD	BKNG	SE	RCL	SBUX	ORLY	ARHS

Please upgrade your account to get full access to Macroaxis premium features

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

RCL	+ 0.89	NKE
RCL	+ 0.86	SE
BKNG	+ 0.85	NKE
RCL	+ 0.8	BKNG
ARHS	+ 0.78	NKE
ARHS	+ 0.78	BKNG

High negative correlations

SE	- 0.85	TJX
PDD	- 0.75	TJX
MELI	- 0.7	TJX
RCL	- 0.68	TJX
NKE	- 0.46	TJX
SBUX	- 0.45	SE

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TJX	0.77	0.13	0.10	0.48	0.74	(0.84)	1.92	(1.53)	3.97
NKE	1.47	(0.22)	0.00	(0.10)	0.00	0.00	3.30	(3.18)	10.58
MELI	1.97	(0.29)	0.00	(0.14)	0.00	0.00	3.20	(6.57)	14.15
PDD	1.25	(0.24)	0.00	(0.16)	0.00	0.00	2.48	(2.87)	11.83
BKNG	1.37	(0.12)	0.00	(0.04)	0.00	0.00	2.80	(2.62)	7.64
SE	1.97	(0.59)	0.00	2.37	0.00	0.00	3.52	(4.78)	12.26
RCL	1.77	(0.43)	0.00	(0.18)	0.00	0.00	4.50	(4.07)	13.13
SBUX	1.43	(0.01)	0.00	0.06	1.62	(1.55)	3.08	(2.42)	7.75
ORLY	1.01	(0.18)	0.00	(2.51)	0.00	0.00	2.32	(1.98)	6.51
ARHS	1.80	(0.14)	0.00	(0.02)	0.00	0.00	5.04	(4.18)	10.19

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

2025 Macroaxis LLC