SharkNinja Correlations

SN Stock

USD 123.97 0.81 0.66%

The current 90-days correlation between SharkNinja and Deckers Outdoor is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SharkNinja moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SharkNinja moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SharkNinja Correlation With Market

Very poor diversification

The correlation between SharkNinja and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SharkNinja and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SharkNinja Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SharkNinja. 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.

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

Moving together with SharkNinja Stock

0.77	603355	Kingclean Electric	Pair Corr
0.61	RKLB	Rocket Lab USA	Pair Corr
0.81	LUNR	Intuitive Machines	Pair Corr
0.9	AAL	American Airlines Earnings Call This Week	Pair Corr
0.89	C	Citigroup Aggressive Push	Pair Corr
0.63	SIFY	Sify Technologies	Pair Corr
0.83	CXMSF	CEMEX SAB de	Pair Corr
0.61	SFSHF	Safestore Holdings plc	Pair Corr
0.66	INNV	InnovAge Holding Corp	Pair Corr
0.78	QXO	QXO Inc	Pair Corr
0.91	OZK	Bank Ozk	Pair Corr
0.84	ZIJMF	Zijin Mining Group	Pair Corr
0.81	RPDL	Rapid Line	Pair Corr
0.83	MODG	MODG Old Symbol Change	Pair Corr
0.74	GOOGL	Alphabet Class A	Pair Corr

Moving against SharkNinja Stock

0.34	ATER	Aterian	Pair Corr
0.76	AUHIF	Advance United Holdings	Pair Corr

Related Correlations Analysis

	DECK	SCI	HTHT	BALL	CCK	ONON	TXRH	WYNN	TOL	H
DECK		-0.19	0.57	0.73	0.64	0.85	0.49	-0.16	0.61	0.64	DECK
SCI	-0.19		-0.49	0.12	0.04	-0.46	0.41	-0.52	0.33	-0.35	SCI
HTHT	0.57	-0.49		0.64	0.61	0.76	0.36	-0.04	0.14	0.86	HTHT
BALL	0.73	0.12	0.64		0.86	0.63	0.78	-0.46	0.55	0.74	BALL
CCK	0.64	0.04	0.61	0.86		0.54	0.51	-0.23	0.42	0.69	CCK
ONON	0.85	-0.46	0.76	0.63	0.54		0.39	-0.05	0.35	0.73	ONON
TXRH	0.49	0.41	0.36	0.78	0.51	0.39		-0.56	0.71	0.52	TXRH
WYNN	-0.16	-0.52	-0.04	-0.46	-0.23	-0.05	-0.56		-0.15	0.01	WYNN
TOL	0.61	0.33	0.14	0.55	0.42	0.35	0.71	-0.15		0.37	TOL
H	0.64	-0.35	0.86	0.74	0.69	0.73	0.52	0.01	0.37		H
	DECK	SCI	HTHT	BALL	CCK	ONON	TXRH	WYNN	TOL	H

Please upgrade your account to get full access to Macroaxis premium features

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

H	+ 0.86	HTHT
CCK	+ 0.86	BALL
ONON	+ 0.85	DECK
TXRH	+ 0.78	BALL
ONON	+ 0.76	HTHT
H	+ 0.74	BALL

High negative correlations

WYNN	- 0.56	TXRH
WYNN	- 0.52	SCI
HTHT	- 0.49	SCI
WYNN	- 0.46	BALL
ONON	- 0.46	SCI
H	- 0.35	SCI

Risk-Adjusted Indicators

There is a big difference between SharkNinja Stock performing well and SharkNinja 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 SharkNinja'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
DECK	2.16	(0.02)	(0.01)	0.07	3.32	(2.30)	4.06	(3.52)	17.98
SCI	0.86	(0.06)	0.00	(0.05)	0.00	0.00	1.77	(1.61)	7.10
HTHT	1.37	0.37	0.21	0.61	1.20	(1.53)	2.60	(2.65)	11.58
BALL	1.07	0.20	0.08	0.64	1.35	(1.06)	3.01	(2.09)	7.45
CCK	1.23	0.07	0.03	0.19	1.50	(1.27)	2.73	(2.36)	9.29
ONON	2.14	0.07	0.05	0.14	2.20	(2.56)	4.25	(4.34)	22.63
TXRH	1.34	0.07	0.02	0.23	1.45	(1.56)	2.78	(2.47)	8.07
WYNN	1.61	(0.11)	0.00	(0.02)	0.00	0.00	3.43	(3.45)	10.09
TOL	1.32	(0.01)	0.02	0.09	1.29	(1.62)	4.26	(2.61)	10.06
H	1.56	0.09	0.07	0.17	1.53	(1.82)	4.14	(2.86)	10.45

SharkNinja Corporate Management

Linus Karlsson	Executive Officer	Profile
James Lamb	Senior Treasury	Profile
Larry Flynn	Interim Officer	Profile
Arvind CFA	Senior Relations	Profile
Mike Harris	Chief Officer	Profile
Kleona Mack	Chief Beauty	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC