LULU Stock | | | USD 315.14 6.83 2.22% |
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 Property Plant And Equipment Gross and its Net Receivables 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lululemon Athletica Property Plant And Equipment Gross account and
Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Lululemon Athletica's Property Plant And Equipment Gross and Net Receivables is 0.93. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Net Receivables 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 Property Plant And Equipment Gross and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Lululemon Athletica are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant And Equipment Gross i.e., Lululemon Athletica's Property Plant And Equipment Gross and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.
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.