Steven Madden Correlations

SHOO Stock

USD 42.20 0.56 1.34%

The current 90-days correlation between Steven Madden and Ermenegildo Zegna NV is 0.42 (i.e., Very weak 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

Very weak diversification

The correlation between Steven Madden and DJI is 0.43 (i.e., Very weak 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.

Build AI portfolio with Steven Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steven Madden. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Steven Stock, please use our How to Invest in Steven Madden guide.

Moving together with Steven Stock

0.63	CROX	Crocs Inc	Pair Corr
0.65	TLK	Telkom Indonesia Tbk	Pair Corr
0.72	PPERY	Bank Mandiri Persero	Pair Corr
0.8	PPERF	Bank Mandiri Persero	Pair Corr
0.63	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.84	HLF	Herbalife Nutrition	Pair Corr
0.96	WOSGF	Watches of Switzerland	Pair Corr
0.69	TMSNY	Temenos Group AG	Pair Corr
0.77	SYF	Synchrony Financial	Pair Corr
0.84	FCOB	1st Colonial Bancorp	Pair Corr
0.8	BYSD	Bayside Corp	Pair Corr
0.66	NLST	Netlist	Pair Corr
0.74	C	Citigroup	Pair Corr

Moving against Steven Stock

0.84	300918	Shandong Nanshan Zhishang	Pair Corr
0.83	UFI	Unifi Inc	Pair Corr
0.83	SSNLF	Samsung Electronics	Pair Corr
0.8	CULP	Culp Inc	Pair Corr
0.76	BIRD	Allbirds	Pair Corr
0.67	002034	Wangneng Environment	Pair Corr
0.59	603958	Harson Trading China	Pair Corr
0.76	68233JBD5	US68233JBD54	Pair Corr
0.41	IZM	ICZOOM Group Class Tech Boost	Pair Corr
0.32	459200KV2	IBM 49 27	Pair Corr
0.47	037833BH2	APPLE INC 4375	Pair Corr
0.32	EDU	New Oriental Education	Pair Corr

Related Correlations Analysis

	ZGN	WWW	OSW	CAKE	VAC	GEF	CPRI	DRVN	PENN
ZGN		-0.19	-0.01	0.04	0.02	0.52	0.72	0.21	-0.09	ZGN
WWW	-0.19		0.15	0.8	0.9	-0.43	-0.52	0.67	0.69	WWW
OSW	-0.01	0.15		0.02	0.3	-0.2	-0.31	-0.09	0.24	OSW
CAKE	0.04	0.8	0.02		0.79	0.01	-0.15	0.75	0.66	CAKE
VAC	0.02	0.9	0.3	0.79		-0.27	-0.32	0.69	0.71	VAC
GEF	0.52	-0.43	-0.2	0.01	-0.27		0.82	0.12	-0.57	GEF
CPRI	0.72	-0.52	-0.31	-0.15	-0.32	0.82		0.08	-0.48	CPRI
DRVN	0.21	0.67	-0.09	0.75	0.69	0.12	0.08		0.31	DRVN
PENN	-0.09	0.69	0.24	0.66	0.71	-0.57	-0.48	0.31		PENN
	ZGN	WWW	OSW	CAKE	VAC	GEF	CPRI	DRVN	PENN

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

VAC	+ 0.9	WWW
CPRI	+ 0.82	GEF
CAKE	+ 0.8	WWW
VAC	+ 0.79	CAKE
DRVN	+ 0.75	CAKE
CPRI	+ 0.72	ZGN

High negative correlations

PENN	- 0.57	GEF
CPRI	- 0.52	WWW
PENN	- 0.48	CPRI
GEF	- 0.43	WWW
CPRI	- 0.32	VAC
CPRI	- 0.31	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	1.76	(0.06)	0.00	0.03	2.36	(1.94)	3.09	(3.08)	14.02
WWW	2.57	(0.48)	0.00	(0.39)	0.00	0.00	5.02	(5.49)	28.06
OSW	1.35	(0.08)	(0.04)	(0.01)	1.66	(1.44)	3.44	(2.86)	10.07
CAKE	1.65	(0.01)	0.00	0.09	0.00	0.00	3.24	(2.94)	10.50
VAC	2.35	(0.25)	0.00	(0.06)	0.00	0.00	4.71	(4.77)	30.34
GEF	1.02	0.18	0.11	0.35	1.30	(1.06)	2.51	(2.01)	5.51
CPRI	1.84	0.14	0.09	0.13	1.92	(2.29)	4.71	(3.03)	11.67
DRVN	1.82	(0.13)	0.00	(0.07)	0.00	0.00	5.33	(2.87)	11.37
PENN	1.97	(0.46)	0.00	(0.20)	0.00	0.00	3.14	(4.27)	15.07

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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