Crocs Correlations

CROX Stock

USD 102.07 4.94 4.62%

The current 90-days correlation between Crocs Inc and On Holding is 0.18 (i.e., Average diversification). The correlation of Crocs 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.

Crocs Correlation With Market

Significant diversification

The correlation between Crocs Inc and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crocs Inc 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 Crocs Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving against Crocs Stock

0.33	GIL	Gildan Activewear	Pair Corr
0.46	KTB	Kontoor Brands	Pair Corr
0.32	VFC	VF Corporation Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ONON	SKX	NKE	DBI	DECK	SHOO	ADDYY	WWW	WEYS	RCKY
ONON		0.77	0.05	0.36	0.81	-0.4	0.63	0.84	0.07	0.32	ONON
SKX	0.77		-0.19	0.56	0.81	-0.55	0.92	0.54	-0.1	0.46	SKX
NKE	0.05	-0.19		0.0	-0.22	0.75	-0.09	-0.14	-0.08	0.02	NKE
DBI	0.36	0.56	0.0		0.55	-0.22	0.61	0.26	-0.34	0.42	DBI
DECK	0.81	0.81	-0.22	0.55		-0.55	0.7	0.77	0.09	0.33	DECK
SHOO	-0.4	-0.55	0.75	-0.22	-0.55		-0.42	-0.47	-0.1	-0.18	SHOO
ADDYY	0.63	0.92	-0.09	0.61	0.7	-0.42		0.35	-0.16	0.54	ADDYY
WWW	0.84	0.54	-0.14	0.26	0.77	-0.47	0.35		0.21	-0.02	WWW
WEYS	0.07	-0.1	-0.08	-0.34	0.09	-0.1	-0.16	0.21		-0.2	WEYS
RCKY	0.32	0.46	0.02	0.42	0.33	-0.18	0.54	-0.02	-0.2		RCKY
	ONON	SKX	NKE	DBI	DECK	SHOO	ADDYY	WWW	WEYS	RCKY

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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

ADDYY	+ 0.92	SKX
WWW	+ 0.84	ONON
DECK	+ 0.81	ONON
DECK	+ 0.81	SKX
SKX	+ 0.77	ONON
WWW	+ 0.77	DECK

High negative correlations

SHOO	- 0.55	DECK
SHOO	- 0.55	SKX
WWW	- 0.47	SHOO
ADDYY	- 0.42	SHOO
SHOO	- 0.4	ONON
WEYS	- 0.34	DBI

Risk-Adjusted Indicators

There is a big difference between Crocs Stock performing well and Crocs 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 Crocs' 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
ONON	1.82	0.45	0.21	3.73	1.58	(2.21)	4.56	(2.91)	10.98
SKX	1.40	0.34	0.19	0.90	1.25	(1.55)	3.29	(2.43)	8.63
NKE	1.14	(0.06)	0.00	(0.07)	0.00	0.00	2.75	(2.32)	5.71
DBI	3.26	(0.04)	0.00	0.24	0.00	0.00	9.40	(6.00)	22.01
DECK	1.64	0.07	0.01	0.17	4.42	(1.45)	3.03	(2.42)	9.86
SHOO	1.12	(0.18)	0.00	(0.27)	0.00	0.00	2.43	(2.22)	7.55
ADDYY	1.43	0.16	0.06	0.76	1.61	(1.53)	3.67	(2.54)	8.49
WWW	2.08	0.68	0.34	0.83	1.42	(2.51)	3.63	(3.05)	40.61
WEYS	1.83	0.11	0.03	0.41	2.17	(2.04)	3.40	(3.03)	25.17
RCKY	2.02	(0.07)	0.00	(0.19)	0.00	0.00	3.97	(3.17)	27.41

Crocs Corporate Management

Daniel Hart	Chief Legal and Admin. Officer, Executive VP and Secretary	Profile
Frank Smigelski	Senior Logistics	Profile
Thomas Britt	Executive Officer	Profile
Erik Olson	Senior Execution	Profile
Terence Reilly	Executive Brand	Profile

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