Tapestry Correlations

TPR Stock

USD 130.97 2.21 1.66%

The current 90-days correlation between Tapestry and Restaurant Brands International is 0.08 (i.e., Significant diversification). The correlation of Tapestry 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Tapestry Correlation With Market

Very weak diversification

The correlation between Tapestry and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tapestry and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tapestry Stock

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

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

Moving together with Tapestry Stock

0.63	AS	Amer Sports	Pair Corr
0.63	301276	Beijing Jiaman Dress	Pair Corr
0.62	COLM	Columbia Sportswear	Pair Corr
0.65	WF	Woori Financial Group	Pair Corr
0.62	SIDU	Sidus Space Trending	Pair Corr
0.61	SYF	Synchrony Financial	Pair Corr
0.65	EDRVY	EDP Renovveis SA	Pair Corr
0.72	RKLB	Rocket Lab USA Aggressive Push	Pair Corr

Moving against Tapestry Stock

0.61	002494	Huasi Agricultural	Pair Corr
0.47	FNMFO	Federal National Mortgage	Pair Corr
0.44	002269	Shanghai Metersbonwe	Pair Corr
0.79	NMRD	Nemaura Medical	Pair Corr
0.44	LUMN	Lumen Technologies	Pair Corr

Related Correlations Analysis

	QSR	XPEV	ULTA	PHM	WSM	DRI	GELHY	LI	NVR	RL
QSR		-0.36	0.35	0.42	-0.52	-0.15	-0.69	-0.59	0.17	0.71	QSR
XPEV	-0.36		-0.56	-0.37	0.28	-0.46	0.26	0.36	-0.37	-0.51	XPEV
ULTA	0.35	-0.56		0.16	0.05	0.64	-0.29	-0.5	0.07	0.69	ULTA
PHM	0.42	-0.37	0.16		0.06	0.25	0.16	0.26	0.82	0.14	PHM
WSM	-0.52	0.28	0.05	0.06		0.47	0.5	0.4	0.1	-0.33	WSM
DRI	-0.15	-0.46	0.64	0.25	0.47		0.29	0.11	0.41	0.21	DRI
GELHY	-0.69	0.26	-0.29	0.16	0.5	0.29		0.86	0.42	-0.6	GELHY
LI	-0.59	0.36	-0.5	0.26	0.4	0.11	0.86		0.51	-0.79	LI
NVR	0.17	-0.37	0.07	0.82	0.1	0.41	0.42	0.51		-0.03	NVR
RL	0.71	-0.51	0.69	0.14	-0.33	0.21	-0.6	-0.79	-0.03		RL
	QSR	XPEV	ULTA	PHM	WSM	DRI	GELHY	LI	NVR	RL

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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

LI	+ 0.86	GELHY
NVR	+ 0.82	PHM
RL	+ 0.71	QSR
RL	+ 0.69	ULTA
DRI	+ 0.64	ULTA
NVR	+ 0.51	LI

High negative correlations

RL	- 0.79	LI
GELHY	- 0.69	QSR
RL	- 0.6	GELHY
LI	- 0.59	QSR
ULTA	- 0.56	XPEV
WSM	- 0.52	QSR

Risk-Adjusted Indicators

There is a big difference between Tapestry Stock performing well and Tapestry 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 Tapestry'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
QSR	0.93	(0.04)	0.00	(0.03)	0.00	0.00	2.23	(2.33)	6.22
XPEV	3.18	(0.27)	0.00	(0.07)	0.00	0.00	6.77	(6.41)	26.46
ULTA	1.44	0.21	0.15	0.34	1.20	(1.90)	2.71	(2.12)	14.68
PHM	1.23	(0.32)	0.00	(0.17)	0.00	0.00	3.65	(3.19)	7.44
WSM	1.63	(0.15)	0.00	(0.03)	0.00	0.00	3.51	(3.39)	8.28
DRI	1.19	0.00	0.00	0.07	1.12	(1.58)	2.91	(2.17)	6.58
GELHY	1.36	(0.14)	0.00	(1.15)	0.00	0.00	2.80	(3.05)	9.17
LI	1.51	(0.62)	0.00	(0.64)	0.00	0.00	1.89	(3.43)	7.20
NVR	1.02	(0.25)	0.00	(0.27)	0.00	0.00	2.01	(2.14)	5.29
RL	1.41	0.17	0.08	0.61	1.44	(1.66)	3.09	(2.23)	7.40

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