Steven Madden Correlations

SHOO Stock

USD 45.49 0.23 0.51%

The current 90-days correlation between Steven Madden and Ermenegildo Zegna NV is 0.4 (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

Poor diversification

The correlation between Steven Madden and DJI is 0.75 (i.e., Poor 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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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 various price indices.

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Moving together with Steven Stock

0.87	SGI	Somnigroup International Symbol Change	Pair Corr
0.76	002516	Kuangda Technology	Pair Corr
0.69	603306	HMTNew Technical	Pair Corr
0.68	RCKY	Rocky Brands	Pair Corr
0.82	LBCMF	Libero Copper Gold	Pair Corr
0.74	TFIN	Triumph Financial Earnings Call Tomorrow	Pair Corr
0.87	SGML	Sigma Lithium Resources Upward Rally	Pair Corr
0.75	TRYIY	Toray Industries ADR	Pair Corr
0.91	CMRE	Costamare	Pair Corr
0.66	CGTL	Creative Global Tech Earnings Call This Week	Pair Corr
0.69	NUVB	Nuvation Bio Downward Rally	Pair Corr
0.84	NFBK	Northfield Bancorp Earnings Call Tomorrow	Pair Corr
0.81	NRSCF	Nomura Holdings Earnings Call This Week	Pair Corr
0.9	AGI	Alamos Gold	Pair Corr
0.78	HHLKF	Hot Chili Limited	Pair Corr
0.85	SWISF	Sekur Private Data	Pair Corr
0.92	MAR	Marriott International	Pair Corr
0.8	MS-PQ	Morgan Stanley	Pair Corr
0.63	MLM	Martin Marietta Materials	Pair Corr
0.81	DBSDY	DBS Group Holdings	Pair Corr

Moving against Steven Stock

0.76	603958	Harson Trading China	Pair Corr
0.72	CULP	Culp Inc	Pair Corr
0.68	002034	Wangneng Environment	Pair Corr
0.45	ATLN	Atlantic International Trending	Pair Corr
0.37	NIMU	Non Invasive Monitoring	Pair Corr
0.66	SILS	Silver Scott Mines	Pair Corr
0.43	TTCM	Tautachrome	Pair Corr
0.38	UAMY	United States Antimony Trending	Pair Corr

Related Correlations Analysis

	ZGN	WWW	HBI	OSW	CAKE	VAC	GEF	CPRI	DRVN	PENN
ZGN		0.16	0.22	0.09	0.27	0.35	0.34	0.57	0.32	0.04	ZGN
WWW	0.16		-0.58	0.29	0.5	0.85	-0.23	-0.28	0.59	0.81	WWW
HBI	0.22	-0.58		-0.53	-0.35	-0.53	0.34	0.62	-0.21	-0.66	HBI
OSW	0.09	0.29	-0.53		0.05	0.4	-0.26	-0.39	-0.07	0.46	OSW
CAKE	0.27	0.5	-0.35	0.05		0.69	0.58	0.31	0.8	0.15	CAKE
VAC	0.35	0.85	-0.53	0.4	0.69		0.07	-0.01	0.68	0.64	VAC
GEF	0.34	-0.23	0.34	-0.26	0.58	0.07		0.82	0.49	-0.57	GEF
CPRI	0.57	-0.28	0.62	-0.39	0.31	-0.01	0.82		0.41	-0.59	CPRI
DRVN	0.32	0.59	-0.21	-0.07	0.8	0.68	0.49	0.41		0.18	DRVN
PENN	0.04	0.81	-0.66	0.46	0.15	0.64	-0.57	-0.59	0.18		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

VAC	+ 0.85	WWW
CPRI	+ 0.82	GEF
PENN	+ 0.81	WWW
DRVN	+ 0.8	CAKE
VAC	+ 0.69	CAKE
DRVN	+ 0.68	VAC

High negative correlations

PENN	- 0.66	HBI
PENN	- 0.59	CPRI
HBI	- 0.58	WWW
PENN	- 0.57	GEF
VAC	- 0.53	HBI
OSW	- 0.53	HBI

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	1.69	(0.23)	0.00	(0.07)	0.00	0.00	2.79	(3.06)	17.11
WWW	2.67	(0.60)	0.00	(0.35)	0.00	0.00	5.02	(6.28)	27.04
HBI	1.09	0.04	(0.02)	1.49	1.49	(1.08)	2.38	(2.35)	7.22
OSW	1.45	(0.09)	0.00	(0.02)	0.00	0.00	4.69	(2.86)	10.62
CAKE	1.81	0.05	0.03	0.10	2.28	(1.86)	4.01	(2.82)	9.56
VAC	2.41	(0.29)	0.00	(0.06)	0.00	0.00	4.80	(4.18)	30.30
GEF	1.09	0.25	0.17	0.36	1.15	(1.20)	2.61	(2.01)	5.52
CPRI	1.76	0.13	0.09	0.15	1.60	(2.31)	4.71	(2.85)	12.06
DRVN	1.72	(0.04)	(0.02)	0.03	1.78	(2.14)	3.92	(2.87)	9.66
PENN	2.07	(0.37)	0.00	(0.12)	0.00	0.00	4.41	(4.27)	13.97

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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