Fossil Correlations

FOSL Stock

USD 1.17 0.02 1.74%

The current 90-days correlation between Fossil Group and Movado Group is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fossil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fossil Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fossil Correlation With Market

Good diversification

The correlation between Fossil Group and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fossil Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fossil Stock

0.61	RL	Ralph Lauren Corp	Pair Corr
0.67	UA	Under Armour C	Pair Corr
0.64	LULU	Lululemon Athletica	Pair Corr

Moving against Fossil Stock

0.66	CRI	Carters	Pair Corr
0.63	FEBO	Fenbo Holdings	Pair Corr
0.61	WLDS	Wearable Devices Buyout Trend	Pair Corr
0.53	DHI	DR Horton	Pair Corr
0.52	EZGO	EZGO Technologies	Pair Corr
0.48	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.47	DTC	Solo Brands	Pair Corr
0.43	CCS	Century Communities	Pair Corr
0.39	HOV	Hovnanian Enterprises	Pair Corr
0.32	VMAR	Vision Marine Techno	Pair Corr
0.58	GV	Visionary Education	Pair Corr
0.56	CTHR	Charles Colvard	Pair Corr
0.55	DIBS	1StdibsCom	Pair Corr
0.53	QS	Quantumscape Corp	Pair Corr
0.41	BRLT	Brilliant Earth Group	Pair Corr
0.36	FL	Foot Locker Earnings Call This Week	Pair Corr
0.31	KBH	KB Home Fiscal Year End 8th of January 2025	Pair Corr

Related Correlations Analysis

	LANV	SIG	TPR	CPRI	MOV	MYTE	ELA	BRLT	REAL
LANV		-0.42	-0.44	0.27	0.08	-0.33	-0.5	0.11	-0.54	LANV
SIG	-0.42		0.61	-0.08	-0.44	0.54	0.54	-0.07	0.73	SIG
TPR	-0.44	0.61		-0.72	-0.36	0.54	0.87	-0.51	0.88	TPR
CPRI	0.27	-0.08	-0.72		0.03	-0.3	-0.58	0.56	-0.53	CPRI
MOV	0.08	-0.44	-0.36	0.03		-0.39	-0.32	0.23	-0.25	MOV
MYTE	-0.33	0.54	0.54	-0.3	-0.39		0.33	-0.66	0.54	MYTE
ELA	-0.5	0.54	0.87	-0.58	-0.32	0.33		-0.27	0.88	ELA
BRLT	0.11	-0.07	-0.51	0.56	0.23	-0.66	-0.27		-0.28	BRLT
REAL	-0.54	0.73	0.88	-0.53	-0.25	0.54	0.88	-0.28		REAL
	LANV	SIG	TPR	CPRI	MOV	MYTE	ELA	BRLT	REAL

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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

REAL	+ 0.88	TPR
REAL	+ 0.88	ELA
ELA	+ 0.87	TPR
REAL	+ 0.73	SIG
TPR	+ 0.61	SIG
BRLT	+ 0.56	CPRI

High negative correlations

CPRI	- 0.72	TPR
BRLT	- 0.66	MYTE
ELA	- 0.58	CPRI
REAL	- 0.54	LANV
REAL	- 0.53	CPRI
BRLT	- 0.51	TPR

Risk-Adjusted Indicators

There is a big difference between Fossil Stock performing well and Fossil 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 Fossil'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
LANV	4.12	0.22	0.00	(0.17)	5.20	(4.83)	11.18	(10.83)	26.86
SIG	1.79	0.23	0.15	0.26	2.00	(2.13)	4.34	(3.42)	19.25
TPR	1.81	0.59	0.40	2.40	0.86	(2.51)	3.72	(1.96)	16.39
CPRI	2.54	(0.74)	0.00	(0.28)	0.00	0.00	5.12	(4.25)	56.42
MOV	1.77	(0.40)	0.00	(0.18)	0.00	0.00	4.03	(3.21)	18.47
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
BRLT	3.19	(0.34)	0.00	(0.12)	0.00	0.00	7.69	(5.85)	17.39
REAL	3.03	0.71	0.26	0.40	2.55	(3.71)	7.73	(4.09)	23.62

Fossil Corporate Management

Andrew Skobe	Interim Officer	Profile
Holly Briedis	Executive Officer	Profile
Kosta Kartsotis	Executive Officer	Profile
James Webb	Chief Officer	Profile

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