Deckers Outdoor Correlations

DECK Stock

USD 115.73 0.29 0.25%

The current 90-days correlation between Deckers Outdoor and Crown Holdings is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Deckers Outdoor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deckers Outdoor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Deckers Outdoor Correlation With Market

Very poor diversification

The correlation between Deckers Outdoor 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 Deckers Outdoor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Deckers Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deckers Outdoor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

For more information on how to buy Deckers Stock please use our How to buy in Deckers Stock guide.

Moving together with Deckers Stock

0.73	4LZ	Piquadro SpA	Pair Corr
0.79	TXW	Texwinca Holdings	Pair Corr
0.63	UFI	Unifi Inc	Pair Corr
0.77	WWW	Wolverine World Wide	Pair Corr
0.71	D9W	Designer Brands	Pair Corr
0.72	COA	Coats Group PLC	Pair Corr
0.63	WW4	Wolverine World Wide	Pair Corr
0.71	6HK	TORAY INDUSTRIES ADR2	Pair Corr
0.98	DO2	Deckers Outdoor	Pair Corr
0.65	4TC	Coats Group plc	Pair Corr

Moving against Deckers Stock

0.8	DIE	Dierig Holding AG	Pair Corr
0.79	DIE	Dierig Holding AG	Pair Corr
0.76	CUZ	CULP INC DL	Pair Corr
0.73	36L	361 Degrees International	Pair Corr
0.54	K7A	Kingdom Holdings	Pair Corr
0.45	6W7	AQUAFIL SPA	Pair Corr
0.36	P5C	Pou Sheng International	Pair Corr
0.8	BIRD	Allbirds	Pair Corr
0.72	S6L	Shenzhou International	Pair Corr
0.71	NBH	Hoftex Group AG	Pair Corr
0.68	31S	Stella International	Pair Corr
0.64	PSX	Phillips 66	Pair Corr
0.35	1GH	Gabriel Holding AS	Pair Corr

Related Correlations Analysis

	CCK	SN	ONON	TOL	SCI	HTHT	PAG	BALL	BIRK	MGA
CCK		0.66	0.11	0.77	0.71	0.75	0.31	0.92	-0.42	0.69	CCK
SN	0.66		0.6	0.75	0.37	0.85	0.55	0.7	-0.04	0.8	SN
ONON	0.11	0.6		0.15	-0.23	0.47	0.5	0.13	0.53	0.45	ONON
TOL	0.77	0.75	0.15		0.59	0.81	0.57	0.87	-0.29	0.7	TOL
SCI	0.71	0.37	-0.23	0.59		0.47	0.07	0.73	-0.58	0.35	SCI
HTHT	0.75	0.85	0.47	0.81	0.47		0.62	0.82	-0.12	0.8	HTHT
PAG	0.31	0.55	0.5	0.57	0.07	0.62		0.4	0.38	0.57	PAG
BALL	0.92	0.7	0.13	0.87	0.73	0.82	0.4		-0.45	0.69	BALL
BIRK	-0.42	-0.04	0.53	-0.29	-0.58	-0.12	0.38	-0.45		-0.01	BIRK
MGA	0.69	0.8	0.45	0.7	0.35	0.8	0.57	0.69	-0.01		MGA
	CCK	SN	ONON	TOL	SCI	HTHT	PAG	BALL	BIRK	MGA

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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

BALL	+ 0.92	CCK
BALL	+ 0.87	TOL
HTHT	+ 0.85	SN
BALL	+ 0.82	HTHT
HTHT	+ 0.81	TOL
MGA	+ 0.8	SN

High negative correlations

BIRK	- 0.58	SCI
BIRK	- 0.45	BALL
BIRK	- 0.42	CCK
BIRK	- 0.29	TOL
SCI	- 0.23	ONON
BIRK	- 0.12	HTHT

Risk-Adjusted Indicators

There is a big difference between Deckers Stock performing well and Deckers Outdoor 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 Deckers Outdoor'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
CCK	1.25	0.18	0.08	2.13	1.44	(1.34)	2.96	(2.29)	6.71
SN	1.84	0.44	0.22	0.43	1.75	(2.09)	5.62	(2.96)	9.39
ONON	2.01	0.34	0.17	0.29	1.93	(2.32)	4.25	(3.37)	22.63
TOL	1.46	0.26	0.20	0.26	1.08	(1.82)	4.26	(2.37)	10.06
SCI	0.90	(0.03)	(0.04)	(0.01)	1.42	(0.97)	1.92	(1.32)	10.13
HTHT	1.42	0.23	0.11	0.61	1.54	(1.49)	2.83	(2.83)	8.14
PAG	1.14	0.08	0.05	0.16	1.15	(1.30)	3.07	(2.38)	6.29
BALL	1.13	0.56	0.45	2.01	0.45	(1.35)	3.45	(1.66)	9.88
BIRK	2.07	0.06	0.00	(0.53)	2.92	(2.13)	4.30	(3.43)	16.78
MGA	1.52	0.49	0.32	0.53	1.03	(1.78)	3.67	(2.63)	8.84

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