Culp Correlations

CULP Stock

USD 3.58 0.00 0.00%

The current 90-days correlation between Culp Inc and Destination XL Group is -0.28 (i.e., Very good diversification). The correlation of Culp 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.

Culp Correlation With Market

Excellent diversification

The correlation between Culp Inc and DJI is -0.59 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Culp Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Culp Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Culp 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 board of governors.

Moving together with Culp Stock

0.84	CUZ	CULP INC DL	Pair Corr
0.78	DIE	Dierig Holding AG	Pair Corr
0.82	DIE	Dierig Holding AG	Pair Corr
0.69	S6L	Shenzhou International	Pair Corr

Moving against Culp Stock

0.78	DO2	Deckers Outdoor	Pair Corr
0.77	D9W	Designer Brands	Pair Corr
0.72	AUUA	Aluula Composites	Pair Corr
0.61	WW4	Wolverine World Wide	Pair Corr
0.59	WWW	Wolverine World Wide	Pair Corr
0.57	4LZ	Piquadro SpA	Pair Corr
0.53	COA	Coats Group PLC	Pair Corr
0.49	C7N	Crocs Inc	Pair Corr
0.47	6HK	TORAY INDUSTRIES ADR2	Pair Corr
0.42	TXW	Texwinca Holdings	Pair Corr
0.35	1SO	Samsonite International	Pair Corr
0.8	PUM	PUMA SE	Pair Corr
0.79	PUM	PUMA SE	Pair Corr
0.77	PUMA	PUMA SE UNSPADR	Pair Corr
0.56	AII	Albany International Corp	Pair Corr
0.5	ONON	On Holding	Pair Corr
0.5	7E1	DELTA PLUS GRP	Pair Corr
0.47	TOR1	Toray Industries	Pair Corr
0.46	4TC	Coats Group plc	Pair Corr
0.43	YUE1	Yue Yuen Industrial	Pair Corr
0.37	TP3	THRACE PLAHCNAMEO	Pair Corr

Related Correlations Analysis

	DXLG	VNCE	JRSH	TLYS	NHTC	CVGI	NCL	SYPR	FRSX	LIVE
DXLG		0.32	-0.41	0.46	-0.66	0.0	0.62	-0.7	0.68	-0.55	DXLG
VNCE	0.32		-0.46	0.84	-0.21	-0.39	-0.13	-0.26	-0.06	0.11	VNCE
JRSH	-0.41	-0.46		-0.46	0.24	0.35	0.0	0.21	-0.14	0.07	JRSH
TLYS	0.46	0.84	-0.46		-0.12	-0.13	-0.2	-0.12	-0.15	0.22	TLYS
NHTC	-0.66	-0.21	0.24	-0.12		-0.01	-0.71	0.82	-0.76	0.81	NHTC
CVGI	0.0	-0.39	0.35	-0.13	-0.01		-0.05	0.12	0.02	0.07	CVGI
NCL	0.62	-0.13	0.0	-0.2	-0.71	-0.05		-0.82	0.94	-0.89	NCL
SYPR	-0.7	-0.26	0.21	-0.12	0.82	0.12	-0.82		-0.85	0.82	SYPR
FRSX	0.68	-0.06	-0.14	-0.15	-0.76	0.02	0.94	-0.85		-0.9	FRSX
LIVE	-0.55	0.11	0.07	0.22	0.81	0.07	-0.89	0.82	-0.9		LIVE
	DXLG	VNCE	JRSH	TLYS	NHTC	CVGI	NCL	SYPR	FRSX	LIVE

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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

FRSX	+ 0.94	NCL
TLYS	+ 0.84	VNCE
SYPR	+ 0.82	NHTC
LIVE	+ 0.82	SYPR
LIVE	+ 0.81	NHTC
FRSX	+ 0.68	DXLG

High negative correlations

LIVE	- 0.9	FRSX
LIVE	- 0.89	NCL
FRSX	- 0.85	SYPR
SYPR	- 0.82	NCL
FRSX	- 0.76	NHTC
NCL	- 0.71	NHTC

Risk-Adjusted Indicators

There is a big difference between Culp Stock performing well and Culp 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 Culp'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
DXLG	4.09	(0.64)	0.00	(0.17)	0.00	0.00	5.61	(6.93)	71.37
VNCE	3.56	(0.03)	(0.01)	0.03	4.51	(3.83)	7.51	(6.96)	25.78
JRSH	1.13	0.03	0.01	0.10	1.35	(1.41)	2.11	(2.05)	18.97
TLYS	2.99	0.03	0.01	0.09	3.31	(3.89)	7.30	(5.60)	32.45
NHTC	3.31	0.24	0.05	0.26	4.27	(3.84)	7.62	(7.50)	21.84
CVGI	3.11	0.09	0.05	0.10	3.23	(4.19)	10.14	(5.39)	18.83
NCL	7.44	(0.94)	0.00	(0.37)	0.00	0.00	11.76	(13.04)	81.07
SYPR	4.52	0.91	0.16	(0.81)	4.16	(5.59)	13.27	(8.28)	33.25
FRSX	3.09	(1.37)	0.00	(0.49)	0.00	0.00	4.39	(9.57)	35.97
LIVE	4.31	0.70	0.20	0.39	3.25	(5.49)	13.58	(5.29)	27.67

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