Sportsmans Correlations

SPWH Stock

USD 2.01 0.01 0.50%

The current 90-days correlation between Sportsmans and MarineMax is 0.3 (i.e., Weak 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

Modest diversification

The correlation between Sportsmans and DJI is 0.21 (i.e., Modest 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.

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 housing.

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

Moving together with Sportsmans Stock

0.67	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.73	KIRK	Kirklands Earnings Call This Week	Pair Corr
0.7	SNBR	Sleep Number Corp Upward Rally	Pair Corr

Moving against Sportsmans Stock

0.62	SAH	Sonic Automotive	Pair Corr
0.56	BH	Biglari Holdings	Pair Corr
0.54	ABG	Asbury Automotive	Pair Corr
0.47	PAG	Penske Automotive	Pair Corr
0.33	LAD	Lithia Motors	Pair Corr
0.33	DORM	Dorman Products	Pair Corr
0.31	GPI	Group 1 Automotive	Pair Corr
0.64	ALV	Autoliv	Pair Corr
0.34	AXL	American Axle Manufa	Pair Corr
0.32	DIN	Dine Brands Global	Pair Corr

Related Correlations Analysis

	HZO	BBW	LESL	SBH	EYE	FLWS	ODP	TCS	FRG	BGFV
HZO		-0.37	0.07	0.45	0.18	0.12	0.04	0.37	0.1	0.48	HZO
BBW	-0.37		-0.05	0.09	0.22	0.02	0.02	-0.64	0.26	-0.31	BBW
LESL	0.07	-0.05		0.08	0.41	0.0	-0.33	-0.21	0.08	-0.23	LESL
SBH	0.45	0.09	0.08		0.47	0.21	-0.01	-0.16	0.17	-0.09	SBH
EYE	0.18	0.22	0.41	0.47		0.21	-0.5	-0.6	0.25	-0.51	EYE
FLWS	0.12	0.02	0.0	0.21	0.21		0.11	0.13	-0.63	-0.11	FLWS
ODP	0.04	0.02	-0.33	-0.01	-0.5	0.11		0.45	-0.4	0.44	ODP
TCS	0.37	-0.64	-0.21	-0.16	-0.6	0.13	0.45		-0.37	0.66	TCS
FRG	0.1	0.26	0.08	0.17	0.25	-0.63	-0.4	-0.37		-0.03	FRG
BGFV	0.48	-0.31	-0.23	-0.09	-0.51	-0.11	0.44	0.66	-0.03		BGFV
	HZO	BBW	LESL	SBH	EYE	FLWS	ODP	TCS	FRG	BGFV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BGFV	+ 0.66	TCS
BGFV	+ 0.48	HZO
EYE	+ 0.47	SBH
SBH	+ 0.45	HZO
TCS	+ 0.45	ODP
BGFV	+ 0.44	ODP

High negative correlations

TCS	- 0.64	BBW
FRG	- 0.63	FLWS
TCS	- 0.6	EYE
BGFV	- 0.51	EYE
ODP	- 0.5	EYE
FRG	- 0.4	ODP

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
HZO	2.47	(0.30)	(0.02)	0.02	2.79	(2.89)	6.01	(4.71)	18.16
BBW	2.31	0.33	0.16	0.35	2.01	(2.71)	5.24	(4.23)	20.72
LESL	3.90	0.08	0.02	0.18	4.59	(4.40)	9.42	(8.31)	32.83
SBH	1.81	(0.13)	(0.06)	0.01	1.84	(2.15)	4.25	(2.78)	12.66
EYE	1.85	0.16	0.04	0.45	1.90	(2.13)	4.82	(2.84)	10.35
FLWS	1.92	(0.38)	0.00	(0.11)	0.00	0.00	3.87	(3.95)	17.33
ODP	1.61	(0.02)	0.00	0.18	0.00	0.00	2.98	(3.73)	15.70
TCS	8.35	(1.41)	0.00	(0.41)	0.00	0.00	17.77	(17.43)	106.47
FRG	0.56	0.07	(0.05)	0.69	0.55	(0.69)	1.76	(1.19)	5.13
BGFV	2.97	(0.20)	0.00	(0.05)	0.00	0.00	4.69	(8.47)	25.47

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

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

2024 Macroaxis LLC