Guess Correlations

GES Stock

USD 17.07 0.44 2.65%

The current 90-days correlation between Guess Inc and Childrens Place is 0.14 (i.e., Average diversification). The correlation of Guess 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.

Guess Correlation With Market

Very weak diversification

The correlation between Guess Inc and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guess Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guess 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 income.

Moving together with Guess Stock

0.66	AN	AutoNation	Pair Corr
0.7	FL	Foot Locker Earnings Call This Week	Pair Corr
0.8	AEO	American Eagle Outfitters	Pair Corr
0.75	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.67	FND	Floor Decor Holdings	Pair Corr
0.93	HVT	Haverty Furniture	Pair Corr
0.76	ARHS	Arhaus Inc	Pair Corr
0.62	SNBR	Sleep Number Corp	Pair Corr
0.83	WING	Wingstop	Pair Corr
0.87	FOXF	Fox Factory Holding	Pair Corr
0.88	DAN	Dana Inc	Pair Corr

Moving against Guess Stock

0.77	LAD	Lithia Motors	Pair Corr
0.76	DORM	Dorman Products	Pair Corr
0.61	RMBL	RumbleON	Pair Corr
0.55	BH	Biglari Holdings	Pair Corr
0.54	WEYS	Weyco Group	Pair Corr
0.43	ABG	Asbury Automotive	Pair Corr
0.43	GPI	Group 1 Automotive	Pair Corr
0.41	TTSH	Tile Shop Holdings	Pair Corr
0.38	PLCE	Childrens Place	Pair Corr
0.37	HD	Home Depot	Pair Corr
0.36	SAH	Sonic Automotive	Pair Corr
0.88	EAT	Brinker International	Pair Corr
0.87	FLXS	Flexsteel Industries	Pair Corr
0.85	EVRI	Everi Holdings	Pair Corr
0.69	AGS	PlayAGS	Pair Corr
0.61	DAO	Youdao Inc	Pair Corr
0.5	DPZ	Dominos Pizza	Pair Corr
0.47	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.43	DRI	Darden Restaurants	Pair Corr
0.31	DIN	Dine Brands Global	Pair Corr

Related Correlations Analysis

	ROST	PLCE	BKE	HIBB	BURL	URBN	EXPR	AEO	SCVL	GCO
ROST		-0.36	-0.43	-0.33	0.6	-0.03	0.71	0.44	0.79	-0.02	ROST
PLCE	-0.36		0.48	0.34	-0.03	0.41	-0.45	-0.19	-0.05	-0.22	PLCE
BKE	-0.43	0.48		0.22	0.28	0.64	-0.15	-0.59	-0.37	0.48	BKE
HIBB	-0.33	0.34	0.22		-0.17	-0.14	-0.45	-0.32	-0.31	-0.18	HIBB
BURL	0.6	-0.03	0.28	-0.17		0.41	0.74	-0.1	0.43	0.32	BURL
URBN	-0.03	0.41	0.64	-0.14	0.41		0.06	-0.01	0.18	0.6	URBN
EXPR	0.71	-0.45	-0.15	-0.45	0.74	0.06		-0.05	0.51	0.15	EXPR
AEO	0.44	-0.19	-0.59	-0.32	-0.1	-0.01	-0.05		0.59	-0.05	AEO
SCVL	0.79	-0.05	-0.37	-0.31	0.43	0.18	0.51	0.59		-0.05	SCVL
GCO	-0.02	-0.22	0.48	-0.18	0.32	0.6	0.15	-0.05	-0.05		GCO
	ROST	PLCE	BKE	HIBB	BURL	URBN	EXPR	AEO	SCVL	GCO

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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

SCVL	+ 0.79	ROST
EXPR	+ 0.74	BURL
EXPR	+ 0.71	ROST
URBN	+ 0.64	BKE
BURL	+ 0.6	ROST
GCO	+ 0.6	URBN

High negative correlations

AEO	- 0.59	BKE
EXPR	- 0.45	HIBB
EXPR	- 0.45	PLCE
BKE	- 0.43	ROST
SCVL	- 0.37	BKE
PLCE	- 0.36	ROST

Risk-Adjusted Indicators

There is a big difference between Guess Stock performing well and Guess 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 Guess' 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
ROST	1.06	(0.11)	0.00	(0.17)	0.00	0.00	2.19	(2.62)	6.21
PLCE	7.88	1.93	0.29	0.96	6.09	(9.97)	24.62	(11.60)	107.65
BKE	1.55	0.13	0.09	0.24	1.34	(1.86)	4.83	(2.37)	7.75
HIBB	0.65	0.32	0.71	5.96	0.00	(0.67)	0.56	(0.24)	19.75
BURL	1.35	0.02	(0.01)	0.15	1.96	(1.26)	2.72	(2.77)	9.11
URBN	1.57	(0.06)	(0.03)	0.06	1.70	(1.75)	3.86	(3.10)	7.06
EXPR	3.66	(0.19)	0.00	0.40	0.00	0.00	7.69	(6.76)	24.98
AEO	1.75	(0.39)	0.00	(0.27)	0.00	0.00	2.59	(4.39)	9.65
SCVL	2.07	(0.55)	0.00	(0.15)	0.00	0.00	5.16	(5.85)	16.24
GCO	2.87	(0.11)	0.01	0.07	3.37	(3.33)	6.90	(4.32)	17.20

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