Steven Madden Correlations

SHOO Stock

USD 39.17 0.26 0.66%

The current 90-days correlation between Steven Madden and Ermenegildo Zegna NV is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Steven Madden moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steven Madden moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Steven Madden Correlation With Market

Modest diversification

The correlation between Steven Madden and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steven Madden and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with Steven Stock

0.92

SJM

STEVEN MADDEN Earnings Call This Week

Pair Corr

Moving against Steven Stock

0.47	K7A	Kingdom Holdings	Pair Corr
0.38	NB5	Nitto Boseki	Pair Corr
0.37	DIE	Dierig Holding AG	Pair Corr
0.35	K1G	GROUNDED PEOPLE APPAREL	Pair Corr
0.34	DIE	Dierig Holding AG	Pair Corr
0.45	S6L	Shenzhou International	Pair Corr

Related Correlations Analysis

	ZGN	WWW	HBI	OSW	CAKE	VAC	GEF	CPRI	DRVN	PENN
ZGN		0.2	0.2	0.66	-0.02	0.32	0.09	0.23	0.09	0.19	ZGN
WWW	0.2		0.65	0.28	0.71	0.86	0.78	0.29	0.63	-0.08	WWW
HBI	0.2	0.65		0.37	0.27	0.7	0.41	0.37	0.23	0.14	HBI
OSW	0.66	0.28	0.37		0.29	0.3	0.39	-0.24	0.33	0.01	OSW
CAKE	-0.02	0.71	0.27	0.29		0.61	0.92	-0.31	0.85	-0.48	CAKE
VAC	0.32	0.86	0.7	0.3	0.61		0.67	0.47	0.44	0.09	VAC
GEF	0.09	0.78	0.41	0.39	0.92	0.67		-0.21	0.9	-0.47	GEF
CPRI	0.23	0.29	0.37	-0.24	-0.31	0.47	-0.21		-0.33	0.54	CPRI
DRVN	0.09	0.63	0.23	0.33	0.85	0.44	0.9	-0.33		-0.56	DRVN
PENN	0.19	-0.08	0.14	0.01	-0.48	0.09	-0.47	0.54	-0.56		PENN
	ZGN	WWW	HBI	OSW	CAKE	VAC	GEF	CPRI	DRVN	PENN

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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

GEF	+ 0.92	CAKE
DRVN	+ 0.9	GEF
VAC	+ 0.86	WWW
DRVN	+ 0.85	CAKE
GEF	+ 0.78	WWW
CAKE	+ 0.71	WWW

High negative correlations

PENN	- 0.56	DRVN
PENN	- 0.48	CAKE
PENN	- 0.47	GEF
DRVN	- 0.33	CPRI
CPRI	- 0.31	CAKE
CPRI	- 0.24	OSW

Risk-Adjusted Indicators

There is a big difference between Steven Stock performing well and Steven Madden 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 Steven Madden'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
ZGN	1.98	0.20	0.07	0.19	3.01	(2.07)	3.86	(3.34)	17.11
WWW	2.05	0.17	0.08	0.14	2.30	(2.24)	5.02	(4.26)	15.05
HBI	1.09	0.04	0.00	(0.48)	1.49	(1.08)	2.38	(2.35)	7.22
OSW	1.52	0.08	0.05	0.12	1.72	(1.61)	4.14	(2.86)	9.35
CAKE	1.77	0.43	0.21	0.38	1.77	(2.02)	4.44	(2.77)	9.92
VAC	1.89	0.28	0.15	0.19	1.80	(2.12)	4.80	(3.79)	12.67
GEF	1.17	0.34	0.21	0.44	1.21	(1.26)	2.78	(2.01)	6.40
CPRI	1.90	(0.14)	0.00	(0.04)	0.00	0.00	3.71	(3.39)	22.05
DRVN	1.69	0.31	0.17	2.60	1.40	(2.10)	3.92	(2.80)	9.77
PENN	2.20	(0.44)	0.00	(0.16)	0.00	0.00	4.41	(5.24)	15.34

Steven Madden Corporate Management

Lisa Keith	General VP	Profile
Lisa JD	General VP	Profile
Steven Madden	IR Contact Officer	Profile
Karla Frieders	Chief Merchandising Officer	Profile
Danielle McCoy	Director Relations	Profile

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