Capri Holdings Correlations

CPRI Stock

USD 21.54 1.06 5.18%

The current 90-days correlation between Capri Holdings and Signet Jewelers is 0.1 (i.e., Average diversification). The correlation of Capri Holdings 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.

Capri Holdings Correlation With Market

Modest diversification

The correlation between Capri Holdings and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capri Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Capri Holdings. 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 detail on how to invest in Capri Stock please use our How to Invest in Capri Holdings guide.

Moving together with Capri Stock

0.63	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.63	WLDS	Wearable Devices Buyout Trend	Pair Corr
0.64	EZGO	EZGO Technologies	Pair Corr
0.82	CCS	Century Communities	Pair Corr
0.86	CRI	Carters	Pair Corr
0.65	DFH	Dream Finders Homes	Pair Corr
0.88	DHI	DR Horton	Pair Corr
0.88	HAS	Hasbro Inc	Pair Corr
0.61	HOV	Hovnanian Enterprises Earnings Call Next Week	Pair Corr
0.63	IBP	Installed Building	Pair Corr
0.73	CTHR	Charles Colvard	Pair Corr

Moving against Capri Stock

0.58	GIL	Gildan Activewear	Pair Corr
0.55	DOGZ	Dogness International Downward Rally	Pair Corr
0.51	HBI	Hanesbrands	Pair Corr
0.5	AS	Amer Sports,	Pair Corr
0.47	RL	Ralph Lauren Corp	Pair Corr
0.47	VSTO	Vista Outdoor	Pair Corr
0.47	ESCA	Escalade Incorporated	Pair Corr
0.4	FOSL	Fossil Group	Pair Corr
0.37	UA	Under Armour C	Pair Corr
0.81	GM	General Motors Aggressive Push	Pair Corr
0.75	LULU	Lululemon Athletica	Pair Corr
0.63	BH	Biglari Holdings	Pair Corr
0.59	JRSH	Jerash Holdings	Pair Corr
0.56	GT	Goodyear Tire Rubber	Pair Corr

Related Correlations Analysis

	MOV	SIG	LANV	REAL	TPR	BRLT	FOSL	MYTE	ELA
MOV		-0.44	0.08	-0.25	-0.36	0.23	0.0	-0.39	-0.32	MOV
SIG	-0.44		-0.42	0.73	0.61	-0.07	0.42	0.54	0.54	SIG
LANV	0.08	-0.42		-0.54	-0.44	0.11	-0.4	-0.33	-0.5	LANV
REAL	-0.25	0.73	-0.54		0.88	-0.28	0.5	0.54	0.88	REAL
TPR	-0.36	0.61	-0.44	0.88		-0.51	0.55	0.54	0.87	TPR
BRLT	0.23	-0.07	0.11	-0.28	-0.51		-0.41	-0.66	-0.27	BRLT
FOSL	0.0	0.42	-0.4	0.5	0.55	-0.41		0.46	0.27	FOSL
MYTE	-0.39	0.54	-0.33	0.54	0.54	-0.66	0.46		0.33	MYTE
ELA	-0.32	0.54	-0.5	0.88	0.87	-0.27	0.27	0.33		ELA
	MOV	SIG	LANV	REAL	TPR	BRLT	FOSL	MYTE	ELA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TPR	+ 0.88	REAL
ELA	+ 0.88	REAL
ELA	+ 0.87	TPR
REAL	+ 0.73	SIG
TPR	+ 0.61	SIG
FOSL	+ 0.55	TPR

High negative correlations

MYTE	- 0.66	BRLT
REAL	- 0.54	LANV
BRLT	- 0.51	TPR
ELA	- 0.5	LANV
TPR	- 0.44	LANV
SIG	- 0.44	MOV

Risk-Adjusted Indicators

There is a big difference between Capri Stock performing well and Capri Holdings 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 Capri Holdings' 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
MOV	1.77	(0.40)	0.00	(0.18)	0.00	0.00	4.03	(3.21)	18.47
SIG	1.79	0.23	0.15	0.26	2.00	(2.13)	4.34	(3.42)	19.25
LANV	4.12	0.22	0.00	(0.17)	5.20	(4.83)	11.18	(10.83)	26.86
REAL	3.03	0.71	0.26	0.40	2.55	(3.71)	7.73	(4.09)	23.62
TPR	1.81	0.59	0.40	2.40	0.86	(2.51)	3.72	(1.96)	16.39
BRLT	3.19	(0.34)	0.00	(0.12)	0.00	0.00	7.69	(5.85)	17.39
FOSL	3.26	0.09	(0.02)	(0.05)	3.77	(3.75)	8.55	(6.31)	19.38
MYTE	4.14	1.33	0.34	(1.11)	2.63	(5.88)	11.11	(5.59)	67.36
ELA	1.35	0.38	0.16	2.04	1.05	(1.83)	3.53	(2.39)	9.11

Capri Holdings Corporate Management

Don Witkowski	President	Profile
Jane Thompson	Independent Director	Profile
Jenna Hendricks	Senior Vice President Chief People Officer	Profile
Alejandro MartinezGalindo	Chief Information Officer	Profile
Krista McDonough	Senior Vice President General Counsel, Chief Sustainability 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

2024 Macroaxis LLC