Fossil Group Correlations

Delisted . USA . 
Stock . Fossil Group 7
FOSLLDelisted Stock  USD 17.01  0.00  0.00%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fossil Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fossil Group 7 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fossil Group Correlation With Market

Pay attention - limited upside

The correlation between Fossil Group 7 and DJI is -0.72 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fossil Group 7 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios. 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 against Fossil Stock

  0.85LRCX Lam Research Corp Aggressive PushPairCorr
  0.83ALMMF Aluminumof ChinaPairCorr
  0.81GAM General American InvPairCorr
  0.8NGVT Ingevity Corp Earnings Call TodayPairCorr
  0.75ISUZY Isuzu MotorsPairCorr
  0.73WZZZY Wizz Air HoldingsPairCorr
  0.72GFI Gold Fields Sell-off TrendPairCorr
  0.72DXPE DXP EnterprisesPairCorr
  0.69STKL SunOpta Earnings Call This WeekPairCorr
  0.69SSB SouthStatePairCorr
  0.68SSL SasolPairCorr
  0.67ST Sensata TechnologiesPairCorr
  0.67AGPPF Anglo American Platinum Earnings Call TodayPairCorr
  0.66BIMT Bitmis CorpPairCorr
  0.65MFDB Mutual Federal BancorpPairCorr
  0.65MSBI Midland States BancorpPairCorr
  0.57CRNLF Capricorn Metals Earnings Call This WeekPairCorr
  0.52HFWA Heritage FinancialPairCorr
  0.49BGAOY Proximus NV ADRPairCorr
  0.37AABB Asia BroadbandPairCorr
  0.36FCTI Fact IncPairCorr
  0.31SRHYY Syrah ResourcesPairCorr
  0.91EVGRF China Evergrande NewPairCorr
  0.87RYCEY Rolls Royce Holdings Earnings Call TomorrowPairCorr
  0.84AP Ampco PittsburghPairCorr
  0.81NBR Nabors IndustriesPairCorr
  0.81LIN Linde plc OrdinaryPairCorr
  0.8IVSBF Investor AB serPairCorr
  0.76HGLD Patagonia Gold CorpPairCorr
  0.76NTZ Natuzzi SpAPairCorr
  0.75CCK Crown HoldingsPairCorr
  0.74AHKSY Asahi Kaisei CorpPairCorr

Related Correlations Analysis


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

CRM
+ 0.9
MSFT
XOM
+ 0.9
MRK
A
+ 0.84
UBER
UBER
+ 0.83
MSFT
A
+ 0.78
MSFT
MRK
+ 0.75
F
  

High negative correlations

XOM
- 0.94
MSFT
MRK
- 0.89
MSFT
XOM
- 0.87
CRM
XOM
- 0.83
A
CRM
- 0.83
T
T
- 0.83
MSFT

Risk-Adjusted Indicators

There is a big difference between Fossil Stock performing well and Fossil Group 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 Group'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.51  0.04  0.02  0.14  1.52 
(1.74)
 3.43 
(2.81)
 13.69 
MSFT  1.31 (0.38) 0.00 (0.81) 0.00 
 0.00 
 1.90 
(2.87)
 13.28 
UBER  1.61 (0.41) 0.00 (0.51) 0.00 
 0.00 
 2.46 
(4.25)
 11.09 
F  1.28  0.06  0.05  0.15  1.17 
(1.56)
 3.61 
(2.30)
 7.50 
T  1.03  0.18  0.07 (1.54) 0.92 
(1.20)
 3.87 
(1.76)
 7.44 
A  1.26 (0.32) 0.00 (0.19) 0.00 
 0.00 
 2.90 
(2.72)
 7.85 
CRM  1.74 (0.43) 0.00 (0.29) 0.00 
 0.00 
 3.22 
(4.75)
 12.37 
JPM  1.24 (0.15)(0.05) 0.00  1.80 
(1.29)
 2.34 
(3.11)
 8.17 
MRK  1.23  0.33  0.22  0.56  0.99 
(1.40)
 2.81 
(1.98)
 8.74 
XOM  1.31  0.35  0.18  3.10  1.14 
(1.50)
 2.90 
(2.44)
 6.83 

Fossil Group Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fossil Group stock to make a market-neutral strategy. Peer analysis of Fossil Group could also be used in its relative valuation, which is a method of valuing Fossil Group by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in Fossil Group 7?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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