| LULU Stock | | | USD 317.11 1.97 0.63% |
Lululemon Athletica financial indicator trend analysis is infinitely more than just investigating Lululemon Athletica recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lululemon Athletica is a good investment. Please check the relationship between Lululemon Athletica Net Receivables and its Non Currrent Assets Other accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lululemon Athletica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Lululemon Stock please use our
How to Invest in Lululemon Athletica guide.
Net Receivables vs Non Currrent Assets Other
Net Receivables vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lululemon Athletica Net Receivables account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Lululemon Athletica's Net Receivables and Non Currrent Assets Other is 0.97. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Lululemon Athletica, assuming nothing else is changed. The correlation between historical values of Lululemon Athletica's Net Receivables and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Lululemon Athletica are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Receivables i.e., Lululemon Athletica's Net Receivables and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Receivables
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Lululemon Athletica's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lululemon Athletica current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lululemon Athletica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Lululemon Stock please use our
How to Invest in Lululemon Athletica guide.At this time, Lululemon Athletica's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.32 in 2024, whereas
Tax Provision is likely to drop slightly above 373.5
M in 2024.
Lululemon Athletica fundamental ratios Correlations
Click cells to compare fundamentals
Lululemon Athletica Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lululemon Athletica fundamental ratios Accounts
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Additional Tools for Lululemon Stock Analysis
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