Aritzia Correlations

ATZAF Stock

USD 48.05 0.66 1.35%

The current 90-days correlation between Aritzia and Shoe Carnival is -0.03 (i.e., Good diversification). The correlation of Aritzia 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.

Aritzia Correlation With Market

Good diversification

The correlation between Aritzia and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aritzia and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Aritzia Pink Sheet

0.64	WMT	Walmart Aggressive Push	Pair Corr
0.74	AXP	American Express	Pair Corr
0.71	BA	Boeing	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.74	JPM	JPMorgan Chase	Pair Corr

Moving against Aritzia Pink Sheet

0.77	AFFL	Affiliated Resources Corp	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.63	INTC	Intel	Pair Corr
0.62	VNTN	VentureNet Capital	Pair Corr
0.62	MCD	McDonalds Earnings Call This Week	Pair Corr
0.58	JNJ	Johnson Johnson	Pair Corr
0.56	VZ	Verizon Communications	Pair Corr
0.53	TRV	The Travelers Companies	Pair Corr
0.44	KO	Coca Cola Earnings Call This Week	Pair Corr
0.39	MRK	Merck Company Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FRCOF	IDEXY	SCVL	GCO	BURL	BKE	CRI	CTRN	HIBB	TLYS
FRCOF		0.36	0.63	-0.15	-0.27	-0.15	0.1	-0.15	-0.13	-0.33	FRCOF
IDEXY	0.36		0.4	-0.62	-0.48	-0.4	0.22	-0.55	-0.41	0.2	IDEXY
SCVL	0.63	0.4		-0.55	-0.49	-0.37	0.0	-0.61	-0.24	-0.3	SCVL
GCO	-0.15	-0.62	-0.55		0.89	0.84	0.18	0.93	0.37	-0.08	GCO
BURL	-0.27	-0.48	-0.49	0.89		0.95	0.17	0.74	0.4	-0.02	BURL
BKE	-0.15	-0.4	-0.37	0.84	0.95		0.16	0.68	0.43	0.03	BKE
CRI	0.1	0.22	0.0	0.18	0.17	0.16		0.23	-0.53	-0.1	CRI
CTRN	-0.15	-0.55	-0.61	0.93	0.74	0.68	0.23		0.3	0.03	CTRN
HIBB	-0.13	-0.41	-0.24	0.37	0.4	0.43	-0.53	0.3		0.02	HIBB
TLYS	-0.33	0.2	-0.3	-0.08	-0.02	0.03	-0.1	0.03	0.02		TLYS
	FRCOF	IDEXY	SCVL	GCO	BURL	BKE	CRI	CTRN	HIBB	TLYS

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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

BKE	+ 0.95	BURL
CTRN	+ 0.93	GCO
BURL	+ 0.89	GCO
BKE	+ 0.84	GCO
CTRN	+ 0.74	BURL
CTRN	+ 0.68	BKE

High negative correlations

GCO	- 0.62	IDEXY
CTRN	- 0.61	SCVL
GCO	- 0.55	SCVL
CTRN	- 0.55	IDEXY
HIBB	- 0.53	CRI
BURL	- 0.49	SCVL

Risk-Adjusted Indicators

There is a big difference between Aritzia Pink Sheet performing well and Aritzia 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 Aritzia'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
FRCOF	0.38	(0.05)	0.00	3.90	0.00	0.00	0.72	(0.98)	10.26
IDEXY	1.12	(0.14)	0.00	(0.19)	0.00	0.00	2.18	(2.79)	8.91
SCVL	1.95	(0.40)	0.00	3.24	0.00	0.00	4.29	(4.22)	12.45
GCO	2.73	0.68	0.24	1.24	2.24	(3.18)	8.39	(3.81)	16.98
BURL	1.27	0.20	0.08	0.80	1.48	(1.31)	2.16	(2.47)	7.93
BKE	1.32	0.24	0.13	0.64	1.25	(1.52)	2.88	(2.21)	9.59
CRI	1.67	(0.23)	0.00	(22.20)	0.00	0.00	3.05	(3.22)	13.30
CTRN	2.20	0.48	0.15	0.93	2.46	(2.46)	5.76	(3.30)	21.30
HIBB	0.65	0.34	0.81	(1.90)	0.00	(0.67)	0.56	(0.24)	19.75
TLYS	3.19	0.12	0.03	0.21	3.28	(4.11)	7.29	(5.51)	17.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aritzia 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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Aritzia Corporate Management

Jennifer Wong	CEO and President	Profile
Todd Ingledew	Chief Officer	Profile
Carly Bishop	Exec Officer	Profile
Brian Hill	Founder Chairman	Profile
Dave MacIver	Chief Officer	Profile
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