Tapestry Correlations

TPR Stock

USD 56.41 1.11 2.01%

The current 90-days correlation between Tapestry and Signet Jewelers is 0.06 (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

Significant diversification

The correlation between Tapestry and DJI is 0.05 (i.e., Significant 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.

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 american community survey.

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

Moving together with Tapestry Stock

0.81	AS	Amer Sports, Upward Rally	Pair Corr
0.84	RL	Ralph Lauren Corp	Pair Corr
0.64	UA	Under Armour C	Pair Corr
0.68	DOGZ	Dogness International	Pair Corr
0.66	VSTO	Vista Outdoor	Pair Corr
0.81	GIL	Gildan Activewear	Pair Corr
0.88	KTB	Kontoor Brands	Pair Corr
0.63	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Tapestry Stock

0.9	WLDS	Wearable Devices	Pair Corr
0.84	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.79	FEBO	Fenbo Holdings	Pair Corr
0.71	EZGO	EZGO Technologies	Pair Corr
0.61	VMAR	Vision Marine Techno Fiscal Year End 25th of November 2024	Pair Corr
0.46	BLD	Topbuild Corp	Pair Corr
0.84	CRI	Carters	Pair Corr
0.76	DHI	DR Horton	Pair Corr
0.74	DTC	Solo Brands	Pair Corr
0.67	CCS	Century Communities	Pair Corr
0.58	LEN	Lennar Sell-off Trend	Pair Corr
0.51	HAS	Hasbro Inc	Pair Corr
0.42	MOV	Movado Group Earnings Call This Week	Pair Corr
0.4	DFH	Dream Finders Homes Buyout Trend	Pair Corr
0.8	ZGN	Ermenegildo Zegna	Pair Corr
0.77	PII	Polaris Industries	Pair Corr
0.69	SKX	Skechers USA	Pair Corr
0.59	OXM	Oxford Industries	Pair Corr
0.55	GOOS	Canada Goose Holdings	Pair Corr
0.53	NKE	Nike Inc	Pair Corr

Related Correlations Analysis

	SIG	MOV	LANV	REAL	FOSL	CPRI	BRLT	MYTE	ELA
SIG		-0.52	-0.27	0.73	0.35	-0.03	-0.09	0.55	0.52	SIG
MOV	-0.52		-0.03	-0.31	0.06	0.03	0.27	-0.43	-0.36	MOV
LANV	-0.27	-0.03		-0.44	-0.42	0.22	0.03	-0.24	-0.41	LANV
REAL	0.73	-0.31	-0.44		0.53	-0.47	-0.26	0.54	0.86	REAL
FOSL	0.35	0.06	-0.42	0.53		-0.42	-0.38	0.43	0.29	FOSL
CPRI	-0.03	0.03	0.22	-0.47	-0.42		0.54	-0.26	-0.54	CPRI
BRLT	-0.09	0.27	0.03	-0.26	-0.38	0.54		-0.66	-0.25	BRLT
MYTE	0.55	-0.43	-0.24	0.54	0.43	-0.26	-0.66		0.3	MYTE
ELA	0.52	-0.36	-0.41	0.86	0.29	-0.54	-0.25	0.3		ELA
	SIG	MOV	LANV	REAL	FOSL	CPRI	BRLT	MYTE	ELA

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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

ELA	+ 0.86	REAL
REAL	+ 0.73	SIG
MYTE	+ 0.55	SIG
MYTE	+ 0.54	REAL
BRLT	+ 0.54	CPRI
FOSL	+ 0.53	REAL

High negative correlations

MYTE	- 0.66	BRLT
ELA	- 0.54	CPRI
MOV	- 0.52	SIG
CPRI	- 0.47	REAL
REAL	- 0.44	LANV
MYTE	- 0.43	MOV

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
SIG	1.72	0.22	0.13	0.21	2.02	(2.03)	4.34	(3.42)	19.25
MOV	1.76	(0.43)	0.00	(0.24)	0.00	0.00	4.03	(3.21)	18.47
LANV	4.24	0.32	0.03	(0.37)	5.26	(4.94)	11.18	(10.83)	26.86
REAL	3.03	0.65	0.23	0.34	2.68	(3.67)	7.73	(4.46)	23.62
FOSL	3.33	0.09	(0.01)	(0.15)	3.81	(3.86)	8.55	(6.31)	19.38
CPRI	2.57	(0.61)	0.00	(0.25)	0.00	0.00	7.01	(4.25)	56.42
BRLT	3.16	(0.39)	0.00	(0.21)	0.00	0.00	7.69	(5.85)	17.39
MYTE	4.15	1.42	0.38	(1.34)	2.64	(5.67)	11.11	(5.59)	67.36
ELA	1.41	0.34	0.15	1.27	1.33	(1.81)	3.53	(2.86)	9.11

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