Boot Barn Correlations

OBB Stock

EUR 129.00 4.00 3.01%

The current 90-days correlation between Boot Barn Holdings and Superior Plus Corp is 0.09 (i.e., Significant diversification). The correlation of Boot Barn 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.

Boot Barn Correlation With Market

Modest diversification

The correlation between Boot Barn Holdings and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boot Barn Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Boot Barn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boot Barn when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Boot Barn - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Boot Barn Holdings to buy it.

Moving together with Boot Stock

0.67

AFG

American Eagle Outfitters

Pair Corr

Moving against Boot Stock

0.47	DBPD	Xtrackers ShortDAX	Pair Corr
0.37	HHX	HAMMONIA Schiffsholding	Pair Corr
0.32	TJX	TJX Companies	Pair Corr
0.31	DP4B	AP Mller	Pair Corr

Related Correlations Analysis

	8SP	39O1	INVN	IUI1	INL	RS6	XYTA	3RKU	VUSA
8SP		0.29	-0.77	-0.85	-0.75	-0.81	-0.42	-0.19	-0.82	8SP
39O1	0.29		-0.01	-0.26	0.13	-0.07	0.43	-0.17	0.0	39O1
INVN	-0.77	-0.01		0.89	0.81	0.9	0.42	0.37	0.94	INVN
IUI1	-0.85	-0.26	0.89		0.76	0.92	0.35	0.37	0.92	IUI1
INL	-0.75	0.13	0.81	0.76		0.87	0.55	0.27	0.89	INL
RS6	-0.81	-0.07	0.9	0.92	0.87		0.41	0.46	0.95	RS6
XYTA	-0.42	0.43	0.42	0.35	0.55	0.41		-0.22	0.53	XYTA
3RKU	-0.19	-0.17	0.37	0.37	0.27	0.46	-0.22		0.34	3RKU
VUSA	-0.82	0.0	0.94	0.92	0.89	0.95	0.53	0.34		VUSA
	8SP	39O1	INVN	IUI1	INL	RS6	XYTA	3RKU	VUSA

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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

VUSA	+ 0.95	RS6
VUSA	+ 0.94	INVN
RS6	+ 0.92	IUI1
VUSA	+ 0.92	IUI1
RS6	+ 0.9	INVN
IUI1	+ 0.89	INVN

High negative correlations

IUI1	- 0.85	8SP
VUSA	- 0.82	8SP
RS6	- 0.81	8SP
INVN	- 0.77	8SP
INL	- 0.75	8SP
XYTA	- 0.42	8SP

Risk-Adjusted Indicators

There is a big difference between Boot Stock performing well and Boot Barn 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 Boot Barn'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
8SP	2.05	(0.27)	0.00	(0.13)	0.00	0.00	3.36	(4.74)	20.22
39O1	3.51	(0.07)	0.00	0.08	3.50	(4.94)	8.41	(5.47)	24.06
INVN	2.04	0.26	0.07	0.83	2.11	(2.48)	5.59	(4.04)	14.01
IUI1	1.24	0.13	0.07	0.31	1.10	(1.46)	3.28	(1.96)	10.30
INL	2.44	0.18	0.07	0.31	2.38	(3.09)	6.80	(3.69)	13.89
RS6	1.35	0.04	0.10	0.15	1.33	(1.60)	2.94	(2.17)	13.51
XYTA	14.46	4.26	0.10	(1.29)	12.44	(63.54)	50.00	(33.33)	233.33
3RKU	1.55	0.19	0.04	1.53	1.61	(2.04)	3.31	(3.01)	8.52
VUSA	0.61	0.16	0.05	1.79	0.66	(0.63)	1.27	(1.24)	6.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Boot Barn without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Boot Barn Corporate Management

Elected by the shareholders, the Boot Barn's board of directors comprises two types of representatives: Boot Barn inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Boot. The board's role is to monitor Boot Barn's management team and ensure that shareholders' interests are well served. Boot Barn'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, Boot Barn's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael Love	Chief Officer	Profile
James Watkins	CFO Sec	Profile
John Hazen	Chief Officer	Profile
Laurie Grijalva	Chief Merchandising Officer	Profile
Mark Dedovesh	VP Planning	Profile

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