Kontoor Brands Correlations

Stocks . USA . 
Stock . Kontoor Brands
KTB Stock  USD 87.85  0.29  0.33%   
The current 90-days correlation between Kontoor Brands and Columbia Sportswear is 0.7 (i.e., Poor diversification). The correlation of Kontoor Brands 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.

Kontoor Brands Correlation With Market

Average diversification

The correlation between Kontoor Brands and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kontoor Brands and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kontoor Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Kontoor Stock refer to our How to Trade Kontoor Stock guide.

Moving together with Kontoor Stock

  0.86AS Amer Sports, Upward RallyPairCorr
  0.89RL Ralph Lauren CorpPairCorr
  0.72UA Under Armour CPairCorr
  0.62DOGZ Dogness InternationalPairCorr
  0.7VSTO Vista OutdoorPairCorr
  0.84GIL Gildan ActivewearPairCorr
  0.79MPX Marine Products Fiscal Year End 23rd of January 2025 PairCorr

Moving against Kontoor Stock

  0.89WLDS Wearable DevicesPairCorr
  0.8FEBO Fenbo HoldingsPairCorr
  0.78DOOO BRP Inc Earnings Call This WeekPairCorr
  0.69EZGO EZGO TechnologiesPairCorr
  0.65VMAR Vision Marine Techno Fiscal Year End 25th of November 2024 PairCorr
  0.75CRI CartersPairCorr
  0.65DHI DR HortonPairCorr
  0.64DTC Solo BrandsPairCorr
  0.51CCS Century CommunitiesPairCorr
  0.43LEN Lennar Sell-off TrendPairCorr
  0.38MOV Movado Group Earnings Call This WeekPairCorr
  0.32HAS Hasbro IncPairCorr
  0.8ZGN Ermenegildo ZegnaPairCorr
  0.65PII Polaris IndustriesPairCorr
  0.62SKX Skechers USAPairCorr
  0.54OXM Oxford IndustriesPairCorr
  0.46GOOS Canada Goose HoldingsPairCorr
  0.41NKE Nike IncPairCorr

Related Correlations Analysis

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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   
GIL
+ 0.81
HBI
UA
+ 0.76
HBI
PVH
+ 0.67
UA
PVH
+ 0.57
COLM
GIL
+ 0.51
UA
PVH
+ 0.36
HBI
  
High negative correlations   
GIL
- 0.49
LEVI
HBI
- 0.48
LEVI
UA
- 0.37
LEVI
PVH
- 0.28
LEVI
GIL
- 0.05
COLM

Risk-Adjusted Indicators

There is a big difference between Kontoor Stock performing well and Kontoor Brands 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 Kontoor Brands' 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.

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