Sportsmans Correlations

SPWH Stock

USD 1.44 0.04 2.70%

The current 90-days correlation between Sportsmans and GrowGeneration Corp is 0.01 (i.e., Significant diversification). The correlation of Sportsmans is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Sportsmans Correlation With Market

Excellent diversification

The correlation between Sportsmans and DJI is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sportsmans and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sportsmans Stock

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

For more detail on how to invest in Sportsmans Stock please use our How to Invest in Sportsmans guide.

Moving together with Sportsmans Stock

0.93	LESL	Leslies	Pair Corr
0.68	SUL	Super Retail Group	Pair Corr

Moving against Sportsmans Stock

0.63	ASO	Academy Sports Outdoors	Pair Corr
0.54	BBW	Build A Bear	Pair Corr
0.5	RUM	Rocky Mountain Liquor	Pair Corr
0.4	301376	Ziel Home Furnishing	Pair Corr
0.78	PUK	Prudential PLC ADR Normal Trading	Pair Corr
0.73	BRK-B	Berkshire Hathaway	Pair Corr
0.61	ELVA	Electrovaya	Pair Corr
0.44	LC	LendingClub Corp	Pair Corr
0.42	ASPU	Aspen Group	Pair Corr
0.36	SGBLY	Standard Bank Group Normal Trading	Pair Corr
0.31	BV	BrightView Holdings	Pair Corr
0.78	CAPN	Cayson Acquisition Corp	Pair Corr
0.53	WAT	Waters	Pair Corr

Related Correlations Analysis

	GRWG	QVCGA	FLL	THCH	DLTH	IRBT	KNDI	PRPL	RRGB	AOUT
GRWG		0.02	0.58	-0.18	-0.13	0.09	-0.16	0.12	0.04	0.0	GRWG
QVCGA	0.02		0.33	-0.57	-0.38	0.21	-0.21	0.27	-0.19	0.53	QVCGA
FLL	0.58	0.33		-0.13	0.05	0.3	-0.31	0.45	-0.15	0.12	FLL
THCH	-0.18	-0.57	-0.13		0.62	-0.37	0.33	0.11	0.48	-0.75	THCH
DLTH	-0.13	-0.38	0.05	0.62		-0.38	0.41	0.3	0.1	-0.73	DLTH
IRBT	0.09	0.21	0.3	-0.37	-0.38		-0.37	0.23	-0.32	0.7	IRBT
KNDI	-0.16	-0.21	-0.31	0.33	0.41	-0.37		0.27	0.49	-0.33	KNDI
PRPL	0.12	0.27	0.45	0.11	0.3	0.23	0.27		0.2	0.02	PRPL
RRGB	0.04	-0.19	-0.15	0.48	0.1	-0.32	0.49	0.2		-0.35	RRGB
AOUT	0.0	0.53	0.12	-0.75	-0.73	0.7	-0.33	0.02	-0.35		AOUT
	GRWG	QVCGA	FLL	THCH	DLTH	IRBT	KNDI	PRPL	RRGB	AOUT

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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

AOUT	+ 0.7	IRBT
DLTH	+ 0.62	THCH
FLL	+ 0.58	GRWG
AOUT	+ 0.53	QVCGA
RRGB	+ 0.49	KNDI
RRGB	+ 0.48	THCH

High negative correlations

AOUT	- 0.75	THCH
AOUT	- 0.73	DLTH
THCH	- 0.57	QVCGA
IRBT	- 0.38	DLTH
DLTH	- 0.38	QVCGA
KNDI	- 0.37	IRBT

Risk-Adjusted Indicators

There is a big difference between Sportsmans Stock performing well and Sportsmans 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 Sportsmans' 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
GRWG	3.56	0.02	(0.01)	0.27	3.95	(4.75)	3.33	(5.82)	52.12
QVCGA	6.20	0.05	0.00	(0.75)	9.48	(6.45)	14.97	(14.29)	46.70
FLL	2.47	(0.02)	(0.01)	0.04	3.00	(2.64)	4.86	(4.32)	16.22
THCH	3.00	(0.38)	0.00	(0.38)	0.00	0.00	5.02	(6.51)	17.70
DLTH	3.07	(0.16)	0.00	(0.02)	0.00	0.00	4.96	(4.72)	38.26
IRBT	13.97	(3.52)	0.00	(2.38)	0.00	0.00	48.44	(53.19)	146.53
KNDI	3.15	(0.26)	0.00	(0.05)	0.00	0.00	8.16	(5.88)	19.77
PRPL	3.05	(0.10)	0.00	(0.55)	0.00	0.00	6.25	(5.19)	27.01
RRGB	2.22	(0.57)	0.00	(0.37)	0.00	0.00	4.75	(4.87)	11.57
AOUT	2.21	0.30	0.13	0.24	2.46	(2.67)	4.56	(3.65)	16.09

Sportsmans Corporate Executives

Elected by the shareholders, the Sportsmans' board of directors comprises two types of representatives: Sportsmans inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sportsmans. The board's role is to monitor Sportsmans' management team and ensure that shareholders' interests are well served. Sportsmans' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sportsmans' outside directors are responsible for providing unbiased perspectives on the board's policies.

Jeffrey White	CFO Secretary	Profile
Kevan Talbot	CFO and Secretary	Profile
Jennifer Jung	CFO Secretary	Profile

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