Weyco Correlations

WEYS Stock  USD 35.28  0.06  0.17%   
The current 90-days correlation between Weyco Group and Vera Bradley is 0.11 (i.e., Average diversification). The correlation of Weyco 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.

Weyco Correlation With Market

Significant diversification

The correlation between Weyco Group and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Weyco Group and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weyco 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 manufacturing.

Moving against Weyco Stock

  0.63YJ Yunji IncPairCorr
  0.55EVGO Evgo Inc Downward RallyPairCorr
  0.5W WayfairPairCorr
  0.49JD JD Inc Adr Buyout TrendPairCorr
  0.39WOOF Pet Acquisition LLC Potential GrowthPairCorr
  0.35EDUC Educational DevelopmentPairCorr
  0.41DBI Designer BrandsPairCorr
  0.37AEO American Eagle OutfittersPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
CALVRA
CALSHOO
VRASHOO
DBIRCKY
RCKYSHOO
DBISHOO
  
High negative correlations   
WWWSHOO
RCKYWWW
WWWCAL
WWWVRA
DBIVRA
DBICAL

Risk-Adjusted Indicators

There is a big difference between Weyco Stock performing well and Weyco 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 Weyco'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.

Weyco Corporate Management