Tapestry Correlations

0LD5 Stock

126.63 0.17 0.13%

The current 90-days correlation between Tapestry and United Internet AG is 0.17 (i.e., Average diversification). The correlation of Tapestry 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.

Tapestry Correlation With Market

Very poor diversification

The correlation between Tapestry and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tapestry and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Tapestry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tapestry 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 Tapestry - 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 Tapestry to buy it.

Moving together with Tapestry Stock

0.71	RKW	Rockwood Realisation PLC	Pair Corr
0.75	TYT	Toyota Motor Corp Earnings Call This Week	Pair Corr
0.68	SLPE	SL Private Equity	Pair Corr
0.87	0HF6	Ameriprise Financial	Pair Corr

Moving against Tapestry Stock

0.68	0QKN	Chocoladefabriken Lindt	Pair Corr
0.67	0QP1	Chocoladefabriken Lindt	Pair Corr

Related Correlations Analysis

	ISLN	GFM	0VRQ	GAMA	0GE4	0HW4	EDV
ISLN		0.94	0.41	-0.63	0.66	-0.59	0.96	ISLN
GFM	0.94		0.55	-0.71	0.65	-0.51	0.94	GFM
0VRQ	0.41	0.55		-0.55	0.24	-0.2	0.51	0VRQ
GAMA	-0.63	-0.71	-0.55		-0.26	0.63	-0.72	GAMA
0GE4	0.66	0.65	0.24	-0.26		0.05	0.61	0GE4
0HW4	-0.59	-0.51	-0.2	0.63	0.05		-0.6	0HW4
EDV	0.96	0.94	0.51	-0.72	0.61	-0.6		EDV
	ISLN	GFM	0VRQ	GAMA	0GE4	0HW4	EDV

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

EDV	+ 0.96	ISLN
GFM	+ 0.94	ISLN
EDV	+ 0.94	GFM
0GE4	+ 0.66	ISLN
0GE4	+ 0.65	GFM
0HW4	+ 0.63	GAMA

High negative correlations

EDV	- 0.72	GAMA
GAMA	- 0.71	GFM
GAMA	- 0.63	ISLN
EDV	- 0.6	0HW4
0HW4	- 0.59	ISLN
GAMA	- 0.55	0VRQ

Risk-Adjusted Indicators

There is a big difference between Tapestry Stock performing well and Tapestry 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 Tapestry'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
ISLN	2.66	1.15	0.35	0.83	2.46	(3.18)	6.54	(3.30)	16.67
GFM	2.02	0.74	0.43	1.46	1.12	(2.87)	5.70	(2.63)	12.43
0VRQ	2.52	(0.01)	0.00	0.02	2.85	(3.08)	5.69	(4.69)	21.95
GAMA	1.03	(0.18)	0.00	(0.44)	0.00	0.00	1.79	(2.85)	7.01
0GE4	1.25	(0.02)	0.00	(0.04)	0.00	0.00	2.39	(2.35)	9.08
0HW4	1.56	(0.26)	0.00	(2.03)	0.00	0.00	3.40	(3.82)	8.12
EDV	2.16	0.48	0.16	0.50	2.35	(2.27)	4.45	(4.93)	11.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tapestry 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.

Did you try this?

Run Financial Widgets Now

Financial Widgets

Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets

All Next

Launch Module

Tapestry Corporate Management

Elected by the shareholders, the Tapestry's board of directors comprises two types of representatives: Tapestry inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tapestry. The board's role is to monitor Tapestry's management team and ensure that shareholders' interests are well served. Tapestry's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tapestry's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jo Baldwin	Global VP	Profile
Christina Colone	Global Relations	Profile
Sandeep Seth	Chief International	Profile
Yang Lu	Chief Officer	Profile

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

2026 Macroaxis LLC