VF Correlations

VFC Stock

USD 20.43 0.69 3.50%

The current 90-days correlation between VF Corporation and PVH Corp is 0.4 (i.e., Very weak diversification). The correlation of VF 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.

VF Correlation With Market

Significant diversification

The correlation between VF Corp. and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VF Corp. 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 VF Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with VF Stock

0.66	RL	Ralph Lauren Corp	Pair Corr
0.68	FOSL	Fossil Group	Pair Corr
0.68	GIL	Gildan Activewear	Pair Corr

Moving against VF Stock

0.59	WLDS	Wearable Devices Buyout Trend	Pair Corr
0.59	CRI	Carters	Pair Corr
0.57	VMAR	Vision Marine Techno	Pair Corr
0.53	FEBO	Fenbo Holdings Tech Boost	Pair Corr
0.5	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.47	DHI	DR Horton	Pair Corr
0.4	EZGO	EZGO Technologies	Pair Corr
0.37	HOV	Hovnanian Enterprises Earnings Call This Week	Pair Corr
0.32	CCS	Century Communities	Pair Corr
0.58	QS	Quantumscape Corp	Pair Corr
0.47	FL	Foot Locker Earnings Call Tomorrow	Pair Corr
0.45	DIBS	1StdibsCom	Pair Corr
0.37	WTO	UTime Limited	Pair Corr
0.35	GV	Visionary Education	Pair Corr
0.31	CTHR	Charles Colvard	Pair Corr

Related Correlations Analysis

	PVH	LEVI	UAA	COLM	UA	HBI	RL	KTB	GIII
PVH		-0.33	0.65	0.59	0.69	0.45	0.39	0.53	-0.15	PVH
LEVI	-0.33		-0.48	0.08	-0.39	-0.54	-0.52	-0.53	-0.04	LEVI
UAA	0.65	-0.48		0.3	0.98	0.84	0.84	0.83	0.19	UAA
COLM	0.59	0.08	0.3		0.32	0.24	0.08	0.38	0.05	COLM
UA	0.69	-0.39	0.98	0.32		0.78	0.76	0.76	0.09	UA
HBI	0.45	-0.54	0.84	0.24	0.78		0.89	0.93	0.34	HBI
RL	0.39	-0.52	0.84	0.08	0.76	0.89		0.89	0.5	RL
KTB	0.53	-0.53	0.83	0.38	0.76	0.93	0.89		0.34	KTB
GIII	-0.15	-0.04	0.19	0.05	0.09	0.34	0.5	0.34		GIII
	PVH	LEVI	UAA	COLM	UA	HBI	RL	KTB	GIII

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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

UA	+ 0.98	UAA
KTB	+ 0.93	HBI
RL	+ 0.89	HBI
KTB	+ 0.89	RL
HBI	+ 0.84	UAA
RL	+ 0.84	UAA

High negative correlations

HBI	- 0.54	LEVI
KTB	- 0.53	LEVI
RL	- 0.52	LEVI
UAA	- 0.48	LEVI
UA	- 0.39	LEVI
LEVI	- 0.33	PVH

Risk-Adjusted Indicators

There is a big difference between VF Stock performing well and VF 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 VF'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
PVH	1.44	(0.10)	(0.04)	0.03	1.91	(1.58)	3.18	(3.16)	10.15
LEVI	1.39	(0.30)	0.00	(0.26)	0.00	0.00	2.26	(2.83)	11.26
UAA	2.85	0.25	0.05	0.72	3.31	(3.79)	6.63	(4.57)	40.23
COLM	1.20	(0.02)	(0.05)	0.08	1.57	(1.15)	2.53	(2.36)	7.71
UA	2.60	0.15	0.02	0.50	3.15	(3.50)	5.76	(4.56)	35.20
HBI	2.05	0.50	0.18	1.27	1.83	(2.33)	4.60	(4.01)	22.56
RL	1.25	0.25	0.16	0.39	1.14	(1.44)	2.75	(2.00)	10.48
KTB	1.45	0.33	0.15	0.71	1.40	(1.61)	3.25	(2.42)	16.49
GIII	2.02	0.20	0.08	0.40	1.89	(2.58)	3.72	(4.17)	26.82

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