OneSpaWorld Holdings Correlations

OSW Stock

USD 19.59 0.10 0.51%

The current 90-days correlation between OneSpaWorld Holdings and Johnson Outdoors is 0.38 (i.e., Weak diversification). The correlation of OneSpaWorld Holdings 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.

OneSpaWorld Holdings Correlation With Market

Average diversification

The correlation between OneSpaWorld Holdings 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 OneSpaWorld Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneSpaWorld Holdings. 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.

For more information on how to buy OneSpaWorld Stock please use our How to Invest in OneSpaWorld Holdings guide.

Moving together with OneSpaWorld Stock

0.66	H	Hyatt Hotels	Pair Corr
0.85	BH	Biglari Holdings	Pair Corr
0.93	WH	Wyndham Hotels Resorts	Pair Corr
0.77	EVRI	Everi Holdings	Pair Corr
0.91	EXPE	Expedia Group	Pair Corr
0.85	BYD	Boyd Gaming	Pair Corr
0.95	CCL	Carnival Aggressive Push	Pair Corr
0.65	CHH	Choice Hotels Intern	Pair Corr
0.9	CSV	Carriage Services	Pair Corr
0.95	CUK	Carnival Plc ADS	Pair Corr
0.61	DRI	Darden Restaurants	Pair Corr
0.86	EAT	Brinker International	Pair Corr
0.83	FAT	FAT Brands	Pair Corr
0.92	FUN	Six Flags Entertainment Sell-off Trend	Pair Corr
0.86	FTDR	Frontdoor	Pair Corr
0.66	HDL	SUPER HI INTERNATIONAL	Pair Corr
0.61	HGV	Hilton Grand Vacations	Pair Corr
0.86	HLT	Hilton Worldwide Holdings Sell-off Trend	Pair Corr
0.94	IHG	InterContinental Hotels	Pair Corr
0.77	FWRG	First Watch Restaurant	Pair Corr

Moving against OneSpaWorld Stock

0.79	BDL	Flanigans Enterprises	Pair Corr
0.74	CZR	Caesars Entertainment	Pair Corr
0.65	EJH	E Home Household	Pair Corr
0.61	DNUT	Krispy Kreme	Pair Corr
0.59	WING	Wingstop	Pair Corr
0.57	CDROW	Codere Online Luxembourg	Pair Corr
0.55	WYNN	Wynn Resorts Limited	Pair Corr
0.34	AGS	PlayAGS	Pair Corr
0.75	GHG	GreenTree Hospitality	Pair Corr
0.72	FLL	Full House Resorts	Pair Corr
0.65	HRB	HR Block	Pair Corr
0.64	MGM	MGM Resorts International	Pair Corr
0.6	IGT	International Game	Pair Corr
0.48	QSR	Restaurant Brands	Pair Corr
0.42	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.41	LTH	Life Time Group	Pair Corr
0.37	BTBDW	BT Brands Warrant	Pair Corr

Related Correlations Analysis

	ESCA	JOUT	CLAR	FUN	AOUT	LEAT	JAKK	SIX	GOLF
ESCA		0.38	0.76	0.68	0.38	-0.3	0.27	0.23	0.85	ESCA
JOUT	0.38		0.61	0.36	0.55	-0.32	-0.22	0.11	0.42	JOUT
CLAR	0.76	0.61		0.5	0.5	-0.23	0.2	0.19	0.68	CLAR
FUN	0.68	0.36	0.5		0.6	-0.56	0.28	0.36	0.83	FUN
AOUT	0.38	0.55	0.5	0.6		-0.7	-0.17	0.74	0.58	AOUT
LEAT	-0.3	-0.32	-0.23	-0.56	-0.7		0.36	-0.61	-0.52	LEAT
JAKK	0.27	-0.22	0.2	0.28	-0.17	0.36		-0.11	0.25	JAKK
SIX	0.23	0.11	0.19	0.36	0.74	-0.61	-0.11		0.45	SIX
GOLF	0.85	0.42	0.68	0.83	0.58	-0.52	0.25	0.45		GOLF
	ESCA	JOUT	CLAR	FUN	AOUT	LEAT	JAKK	SIX	GOLF

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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

GOLF	+ 0.85	ESCA
GOLF	+ 0.83	FUN
CLAR	+ 0.76	ESCA
SIX	+ 0.74	AOUT
FUN	+ 0.68	ESCA
GOLF	+ 0.68	CLAR

High negative correlations

LEAT	- 0.7	AOUT
SIX	- 0.61	LEAT
LEAT	- 0.56	FUN
GOLF	- 0.52	LEAT
LEAT	- 0.32	JOUT
LEAT	- 0.3	ESCA

Risk-Adjusted Indicators

There is a big difference between OneSpaWorld Stock performing well and OneSpaWorld Holdings 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 OneSpaWorld Holdings' 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
ESCA	1.98	0.15	0.05	0.22	2.74	(1.79)	4.95	(4.55)	15.09
JOUT	1.76	0.00	0.00	0.00	2.33	(1.82)	3.95	(4.07)	11.70
CLAR	2.11	0.10	0.03	0.26	2.94	(2.10)	4.35	(5.60)	18.59
FUN	1.56	0.25	0.15	3.40	1.53	(1.81)	4.52	(2.65)	10.63
AOUT	2.35	0.87	0.32	1.35	2.12	(2.82)	8.39	(3.86)	25.23
LEAT	1.78	(0.11)	0.00	0.33	0.00	0.00	4.17	(4.55)	17.65
JAKK	1.88	0.07	0.03	0.09	2.21	(2.02)	3.68	(3.72)	20.03
SIX	1.85	0.40	0.22	0.75	1.59	(2.30)	5.80	(3.33)	10.72
GOLF	1.20	0.23	0.15	0.42	1.33	(1.36)	2.32	(2.73)	16.50

OneSpaWorld Holdings Corporate Management

Jesus Padilla	Senior Operations	Profile
Charles Rivera	Chief Officer	Profile
Eduardo Chamia	Senior Revenue	Profile
Trent Munday	Senior Asia	Profile
Robert Schaverien	Managing Academy	Profile
Inga Fyodorova	Corporate Secretary	Profile

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