SharkNinja Correlations

SN Stock

USD 129.02 3.71 2.96%

The current 90-days correlation between SharkNinja and Deckers Outdoor is 0.02 (i.e., Significant 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 0.89 (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 signals in metropolitan statistical area.

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

Moving together with SharkNinja Stock

0.75	WHR	Whirlpool	Pair Corr
0.93	FIBK	First Interstate Ban	Pair Corr
0.75	YLLXF	Yellow Cake plc	Pair Corr
0.62	TFLM	TFLM	Pair Corr
0.93	BNKHF	BOC Hong Kong	Pair Corr
0.65	RILYL	B Riley Financial	Pair Corr
0.72	OBYCF	Obayashi	Pair Corr
0.74	THO	Thor Industries Downward Rally	Pair Corr
0.67	SCAGW	Scage Future Warrants	Pair Corr
0.62	RCKY	Rocky Brands	Pair Corr
0.68	APETF	Alpha Esports Tech	Pair Corr
0.79	ENS	Enersys	Pair Corr
0.66	PGEZF	Group Ten Metals	Pair Corr
0.71	SECVY	Seche Environnement	Pair Corr

Moving against SharkNinja Stock

0.73	NTNX	Nutanix	Pair Corr
0.72	BROGF	BROGF	Pair Corr

Related Correlations Analysis

	DECK	SCI	HTHT	BALL	CCK	ONON	TXRH	WYNN	TOL	H
DECK		0.4	0.82	0.8	0.8	0.64	0.54	-0.49	0.7	0.48	DECK
SCI	0.4		0.43	0.76	0.7	-0.18	0.73	-0.59	0.62	0.22	SCI
HTHT	0.82	0.43		0.79	0.69	0.56	0.66	-0.43	0.78	0.62	HTHT
BALL	0.8	0.76	0.79		0.93	0.23	0.74	-0.67	0.86	0.45	BALL
CCK	0.8	0.7	0.69	0.93		0.21	0.64	-0.58	0.78	0.45	CCK
ONON	0.64	-0.18	0.56	0.23	0.21		0.24	-0.13	0.22	0.44	ONON
TXRH	0.54	0.73	0.66	0.74	0.64	0.24		-0.7	0.71	0.48	TXRH
WYNN	-0.49	-0.59	-0.43	-0.67	-0.58	-0.13	-0.7		-0.47	-0.02	WYNN
TOL	0.7	0.62	0.78	0.86	0.78	0.22	0.71	-0.47		0.56	TOL
H	0.48	0.22	0.62	0.45	0.45	0.44	0.48	-0.02	0.56		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

CCK	+ 0.93	BALL
TOL	+ 0.86	BALL
HTHT	+ 0.82	DECK
BALL	+ 0.8	DECK
CCK	+ 0.8	DECK
BALL	+ 0.79	HTHT

High negative correlations

WYNN	- 0.7	TXRH
WYNN	- 0.67	BALL
WYNN	- 0.59	SCI
WYNN	- 0.58	CCK
WYNN	- 0.49	DECK
TOL	- 0.47	WYNN

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	2.15	0.57	0.29	1.58	1.50	(2.87)	4.19	(2.59)	22.05
SCI	0.89	(0.06)	0.00	(0.06)	0.00	0.00	1.92	(1.32)	4.53
HTHT	1.53	0.37	0.19	0.74	1.44	(1.67)	3.35	(2.83)	11.94
BALL	1.21	0.47	0.26	2.63	1.07	(1.37)	3.45	(1.76)	9.58
CCK	1.25	0.15	0.07	0.36	1.44	(1.34)	2.96	(2.29)	6.71
ONON	1.98	0.46	0.15	(0.49)	1.88	(2.32)	4.25	(3.37)	22.63
TXRH	1.32	0.12	0.06	0.28	1.43	(1.49)	2.78	(2.37)	8.07
WYNN	1.50	(0.31)	0.00	(0.19)	0.00	0.00	3.18	(3.45)	7.85
TOL	1.43	0.22	0.18	0.24	1.09	(1.76)	4.26	(2.37)	10.06
H	1.46	0.05	0.04	0.11	1.52	(1.70)	3.27	(2.86)	10.38

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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