Escalade Incorporated Correlations
| ESCA Stock | USD 15.23 0.08 0.53% |
The current 90-days correlation between Escalade Incorporated and Johnson Outdoors is 0.32 (i.e., Weak diversification). The correlation of Escalade Incorporated 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.
Escalade Incorporated Correlation With Market
Very weak diversification
The correlation between Escalade Incorporated and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Escalade Incorporated and DJI in the same portfolio, assuming nothing else is changed.
Escalade |
Moving against Escalade Stock
| 0.62 | EZGO | EZGO Technologies | PairCorr |
| 0.52 | WLDS | Wearable Devices Buyout Trend | PairCorr |
| 0.5 | CRI | Carters | PairCorr |
| 0.49 | DOOO | BRP Inc Earnings Call This Week | PairCorr |
| 0.48 | DHI | DR Horton | PairCorr |
| 0.45 | HAS | Hasbro Inc | PairCorr |
| 0.43 | FEBO | Fenbo Holdings | PairCorr |
| 0.38 | CCS | Century Communities | PairCorr |
| 0.33 | VMAR | Vision Marine Techno Fiscal Year End 25th of November 2024 | PairCorr |
| 0.44 | DIBS | 1StdibsCom | PairCorr |
Related Correlations Analysis
| -0.22 | -0.7 | -0.32 | 0.17 | JOUT | ||
| -0.22 | 0.64 | 0.81 | -0.64 | FBIZ | ||
| -0.7 | 0.64 | 0.66 | -0.38 | FLXS | ||
| -0.32 | 0.81 | 0.66 | -0.39 | SGC | ||
| 0.17 | -0.64 | -0.38 | -0.39 | EML | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Escalade Stock performing well and Escalade Incorporated 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 Escalade Incorporated'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JOUT | 1.35 | (0.23) | 0.00 | (0.07) | 0.00 | 2.89 | 8.15 | |||
| FBIZ | 1.71 | 0.01 | 0.09 | 0.13 | 1.78 | 3.96 | 16.67 | |||
| FLXS | 2.08 | 0.56 | 0.25 | 1.05 | 1.55 | 5.14 | 33.56 | |||
| SGC | 1.49 | 0.21 | 0.14 | 0.28 | 1.43 | 4.19 | 11.72 | |||
| EML | 1.73 | (0.12) | 0.00 | (0.04) | 0.00 | 4.10 | 12.25 |
Escalade Incorporated Corporate Executives
Elected by the shareholders, the Escalade Incorporated's board of directors comprises two types of representatives: Escalade Incorporated inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Escalade. The board's role is to monitor Escalade Incorporated's management team and ensure that shareholders' interests are well served. Escalade Incorporated's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Escalade Incorporated's outside directors are responsible for providing unbiased perspectives on the board's policies.