Sportsmans Correlations

SPWH Stock

USD 1.46 0.05 3.55%

The current 90-days correlation between Sportsmans and GrowGeneration Corp is -0.08 (i.e., Good 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

Average diversification

The correlation between Sportsmans and DJI is 0.16 (i.e., Average 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 signals in producer price index.

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

Moving together with Sportsmans Stock

0.76	DKS	Dicks Sporting Goods	Pair Corr
0.72	JD	JD Sports Fashion	Pair Corr
0.66	SUL	Super Retail Group	Pair Corr
0.72	TSCO	Tractor Supply	Pair Corr
0.68	PIFMY	Indofood Sukses Makmur	Pair Corr

Moving against Sportsmans Stock

0.75	TLK	Telkom Indonesia Tbk	Pair Corr
0.75	PTITF	PT Indosat Tbk	Pair Corr
0.73	JWEL	Jowell Global	Pair Corr
0.73	KEP	Korea Electric Power	Pair Corr
0.72	PTAIY	Astra International Tbk	Pair Corr
0.68	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.58	EC	Ecopetrol SA ADR	Pair Corr
0.55	ULTA	Ulta Beauty	Pair Corr
0.49	RUM	Rocky Mountain Liquor	Pair Corr
0.43	G4M	Gear4music Plc	Pair Corr
0.89	FTV	Fortive Corp	Pair Corr
0.86	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.86	CASXF	Casa Minerals	Pair Corr
0.83	LCDX	Caliber Imaging Diag	Pair Corr
0.83	TMSNY	Temenos Group AG	Pair Corr
0.83	SYF	Synchrony Financial	Pair Corr
0.82	NAUFF	NevGold Corp	Pair Corr
0.78	ARVN	Arvinas	Pair Corr
0.76	MEOAF	Melbana Energy	Pair Corr
0.74	CICOY	COSCO SHIPPING Holdings	Pair Corr

Related Correlations Analysis

	GRWG	QVCGA	FLL	THCH	DLTH	IRBT	KNDI	PRPL	RRGB	AOUT
GRWG		0.35	0.6	-0.31	0.06	0.4	0.27	0.32	0.31	0.44	GRWG
QVCGA	0.35		0.49	-0.23	0.3	0.4	0.46	0.76	0.72	0.76	QVCGA
FLL	0.6	0.49		-0.19	0.27	0.14	0.11	0.51	0.3	0.69	FLL
THCH	-0.31	-0.23	-0.19		0.58	0.03	0.4	0.22	0.26	-0.4	THCH
DLTH	0.06	0.3	0.27	0.58		0.25	0.68	0.69	0.64	0.03	DLTH
IRBT	0.4	0.4	0.14	0.03	0.25		0.71	0.48	0.59	0.16	IRBT
KNDI	0.27	0.46	0.11	0.4	0.68	0.71		0.74	0.86	0.08	KNDI
PRPL	0.32	0.76	0.51	0.22	0.69	0.48	0.74		0.83	0.51	PRPL
RRGB	0.31	0.72	0.3	0.26	0.64	0.59	0.86	0.83		0.44	RRGB
AOUT	0.44	0.76	0.69	-0.4	0.03	0.16	0.08	0.51	0.44		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

RRGB	+ 0.86	KNDI
RRGB	+ 0.83	PRPL
PRPL	+ 0.76	QVCGA
AOUT	+ 0.76	QVCGA
PRPL	+ 0.74	KNDI
RRGB	+ 0.72	QVCGA

High negative correlations

AOUT	- 0.4	THCH
THCH	- 0.31	GRWG
THCH	- 0.23	QVCGA
THCH	- 0.19	FLL

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	3.67	(0.13)	0.00	(0.12)	0.00	0.00	5.36	(6.12)	52.12
QVCGA	5.92	0.08	0.01	0.11	9.11	(6.27)	13.70	(9.58)	46.85
FLL	2.70	(0.37)	0.00	(0.48)	0.00	0.00	5.84	(5.09)	16.22
THCH	2.30	(0.04)	(0.02)	(0.01)	2.73	(2.53)	5.02	(4.15)	16.21
DLTH	3.32	(0.95)	0.00	(0.36)	0.00	0.00	5.57	(7.41)	38.26
IRBT	11.51	(2.16)	0.00	13.31	0.00	0.00	21.78	(33.87)	146.53
KNDI	2.31	(0.61)	0.00	(7.29)	0.00	0.00	4.35	(5.10)	19.77
PRPL	3.02	(0.35)	0.00	(0.38)	0.00	0.00	6.25	(5.48)	27.01
RRGB	2.49	(0.81)	0.00	(0.47)	0.00	0.00	4.96	(6.37)	13.09
AOUT	2.06	(0.19)	0.00	(0.28)	0.00	0.00	4.15	(3.65)	9.35

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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