Latham Correlations

SWIM Stock

USD 6.34 0.05 0.79%

The current 90-days correlation between Latham Group and Apogee Enterprises is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Latham moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Latham Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Latham Correlation With Market

Very good diversification

The correlation between Latham Group and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Latham Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Latham Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Latham Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Latham Stock

0.61	RR	Richtech Robotics Class	Pair Corr
0.69	ERII	Energy Recovery	Pair Corr
0.74	CXT	Crane NXT	Pair Corr

Moving against Latham Stock

0.49	HI	Hillenbrand	Pair Corr
0.48	PH	Parker Hannifin	Pair Corr
0.43	PL	Planet Labs PBC	Pair Corr
0.43	TE	T1 Energy Symbol Change	Pair Corr
0.39	NVJP	Umicore SA	Pair Corr
0.55	FTON	Feintool International	Pair Corr
0.47	HZ8	Insteel Industries	Pair Corr
0.47	OCM	China International	Pair Corr
0.38	RFG	Roebuck Food Group	Pair Corr
0.37	BRM	BioRem Inc	Pair Corr
0.52	CVR	Chicago Rivet Machine	Pair Corr
0.44	FTV	Fortive Corp Earnings Call This Week	Pair Corr
0.43	DOV	Dover	Pair Corr
0.37	FSTR	LB Foster	Pair Corr
0.37	GRC	Gorman Rupp	Pair Corr
0.33	GHM	Graham Earnings Call This Week	Pair Corr

Related Correlations Analysis

	APOG	ULCC	ALTG	HTZ	WLFC	NX	MEG	ASPN	GLDD	AEBI
APOG		0.68	0.24	-0.37	0.3	0.46	0.12	-0.03	0.47	-0.02	APOG
ULCC	0.68		0.26	-0.25	0.52	0.64	0.04	-0.44	0.72	0.23	ULCC
ALTG	0.24	0.26		0.12	0.75	0.75	-0.39	0.42	0.5	0.61	ALTG
HTZ	-0.37	-0.25	0.12		-0.05	-0.07	-0.12	0.12	0.03	0.05	HTZ
WLFC	0.3	0.52	0.75	-0.05		0.93	-0.65	-0.16	0.84	0.76	WLFC
NX	0.46	0.64	0.75	-0.07	0.93		-0.44	-0.11	0.82	0.78	NX
MEG	0.12	0.04	-0.39	-0.12	-0.65	-0.44		0.21	-0.55	-0.47	MEG
ASPN	-0.03	-0.44	0.42	0.12	-0.16	-0.11	0.21		-0.47	-0.08	ASPN
GLDD	0.47	0.72	0.5	0.03	0.84	0.82	-0.55	-0.47		0.55	GLDD
AEBI	-0.02	0.23	0.61	0.05	0.76	0.78	-0.47	-0.08	0.55		AEBI
	APOG	ULCC	ALTG	HTZ	WLFC	NX	MEG	ASPN	GLDD	AEBI

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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

NX	+ 0.93	WLFC
GLDD	+ 0.84	WLFC
GLDD	+ 0.82	NX
AEBI	+ 0.78	NX
AEBI	+ 0.76	WLFC
WLFC	+ 0.75	ALTG

High negative correlations

MEG	- 0.65	WLFC
GLDD	- 0.55	MEG
GLDD	- 0.47	ASPN
AEBI	- 0.47	MEG
MEG	- 0.44	NX
ASPN	- 0.44	ULCC

Risk-Adjusted Indicators

There is a big difference between Latham Stock performing well and Latham 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 Latham'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
APOG	1.66	(0.09)	0.00	(0.02)	0.00	0.00	3.67	(2.80)	17.56
ULCC	3.12	0.08	0.03	0.07	3.73	(3.61)	7.54	(6.83)	19.12
ALTG	2.78	0.09	0.04	0.07	3.44	(2.97)	6.44	(4.73)	15.40
HTZ	3.41	(0.01)	0.01	0.03	3.35	(4.57)	7.63	(5.46)	43.57
WLFC	2.37	0.50	0.19	0.37	2.33	(2.59)	5.67	(3.93)	11.05
NX	2.07	0.29	0.13	0.18	2.27	(2.25)	6.18	(4.72)	14.57
MEG	2.22	(0.37)	0.00	(0.16)	0.00	0.00	4.41	(4.62)	16.56
ASPN	3.66	(1.16)	0.00	(0.35)	0.00	0.00	5.80	(6.65)	52.64
GLDD	1.88	0.45	0.26	0.39	1.51	(2.38)	4.74	(3.10)	16.08
AEBI	2.02	0.25	0.10	0.83	2.06	(2.49)	4.24	(2.86)	9.69

Latham Corporate Management

James Borseth	Strategic Advisor	Profile
Joel Culp	Chief Officer	Profile
Oliver Gloe	Chief Officer	Profile
Nikki Maczko	Chief Officer	Profile
Lance Dumont	Chief Staff	Profile
Kaushal Dhruv	Chief Officer	Profile

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