SharkNinja Correlations

SN Stock

USD 111.90 1.79 1.57%

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

Significant diversification

The correlation between SharkNinja and DJI is 0.08 (i.e., Significant 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

0.67	INFY	Infosys Ltd ADR	Pair Corr
0.77	RIVN	Rivian Automotive	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.62	MRK	Merck Company	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.82	WMT	Walmart Common Stock	Pair Corr

Moving against SharkNinja Stock

0.63	NIO	Nio Class A Aggressive Push	Pair Corr
0.56	GRAB	Grab Holdings	Pair Corr
0.53	MSFT	Microsoft	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.45	NVDA	NVIDIA	Pair Corr
0.43	PLUG	Plug Power	Pair Corr
0.37	RXRX	Recursion Pharmaceuticals	Pair Corr
0.32	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DECK	SCI	HTHT	BALL	CCK	ONON	TXRH	WYNN	TOL	H
DECK		-0.16	0.19	0.6	0.19	0.77	0.3	0.02	0.46	0.32	DECK
SCI	-0.16		-0.86	-0.32	-0.41	-0.61	0.04	-0.42	-0.19	-0.63	SCI
HTHT	0.19	-0.86		0.51	0.66	0.64	-0.03	0.54	0.37	0.76	HTHT
BALL	0.6	-0.32	0.51		0.75	0.63	0.3	0.24	0.55	0.5	BALL
CCK	0.19	-0.41	0.66	0.75		0.36	0.1	0.44	0.52	0.54	CCK
ONON	0.77	-0.61	0.64	0.63	0.36		0.31	0.24	0.45	0.64	ONON
TXRH	0.3	0.04	-0.03	0.3	0.1	0.31		0.03	0.31	0.29	TXRH
WYNN	0.02	-0.42	0.54	0.24	0.44	0.24	0.03		0.63	0.55	WYNN
TOL	0.46	-0.19	0.37	0.55	0.52	0.45	0.31	0.63		0.51	TOL
H	0.32	-0.63	0.76	0.5	0.54	0.64	0.29	0.55	0.51		H
	DECK	SCI	HTHT	BALL	CCK	ONON	TXRH	WYNN	TOL	H

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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

ONON	+ 0.77	DECK
H	+ 0.76	HTHT
CCK	+ 0.75	BALL
CCK	+ 0.66	HTHT
ONON	+ 0.64	HTHT
H	+ 0.64	ONON

High negative correlations

HTHT	- 0.86	SCI
H	- 0.63	SCI
ONON	- 0.61	SCI
WYNN	- 0.42	SCI
CCK	- 0.41	SCI
BALL	- 0.32	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	2.19	0.05	0.00	(0.39)	3.49	(2.22)	3.78	(3.82)	18.89
SCI	0.80	(0.11)	0.00	1.61	0.00	0.00	1.63	(1.63)	7.10
HTHT	1.13	0.32	0.23	3.84	0.87	(1.35)	2.59	(1.65)	11.45
BALL	1.10	0.09	0.02	0.85	1.52	(1.06)	3.01	(2.21)	7.45
CCK	1.17	0.10	0.04	0.45	1.33	(1.30)	2.35	(2.25)	9.29
ONON	2.02	0.17	0.07	0.38	2.05	(2.57)	3.50	(3.54)	22.34
TXRH	1.35	0.04	(0.03)	(0.01)	1.52	(1.59)	2.78	(2.63)	9.04
WYNN	1.71	(0.04)	0.00	(0.07)	0.00	0.00	3.43	(3.49)	10.09
TOL	1.21	(0.09)	0.00	(0.33)	0.00	0.00	4.26	(2.72)	8.50
H	1.45	0.11	0.07	0.14	1.51	(1.58)	4.14	(2.45)	9.14

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

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