Warby Parker Correlations

WRBY Stock

USD 24.58 1.64 6.25%

The current 90-days correlation between Warby Parker and AngioDynamics is 0.02 (i.e., Significant diversification). The correlation of Warby Parker 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.

Warby Parker Correlation With Market

Modest diversification

The correlation between Warby Parker and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Warby Parker 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 Warby Parker. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Warby Stock please use our How to Invest in Warby Parker guide.

Moving together with Warby Stock

0.67	AN	AutoNation	Pair Corr
0.66	LB	LandBridge Company	Pair Corr
0.81	RH	RH	Pair Corr
0.81	VSCO	Victorias Secret	Pair Corr
0.61	WINA	Winmark	Pair Corr
0.84	AAP	Advance Auto Parts	Pair Corr
0.62	AZO	AutoZone	Pair Corr
0.67	BBW	Build A Bear	Pair Corr
0.89	BKE	Buckle Inc	Pair Corr

Moving against Warby Stock

0.92	DIBS	1StdibsCom	Pair Corr
0.9	EDUC	Educational Development	Pair Corr
0.86	LE	Lands End	Pair Corr
0.85	EVGO	Evgo Inc Downward Rally	Pair Corr
0.82	JD	JD Inc Adr Buyout Trend	Pair Corr
0.81	VIPS	Vipshop Holdings	Pair Corr
0.78	DLTH	Duluth Holdings	Pair Corr
0.68	FL	Foot Locker	Pair Corr
0.65	BQ	Boqii Holding Limited	Pair Corr
0.58	YJ	Yunji Inc	Pair Corr
0.53	WOOF	Pet Acquisition LLC Potential Growth	Pair Corr
0.47	DXLG	Destination XL Group	Pair Corr
0.95	BGI	Birks Group	Pair Corr
0.88	AEO	American Eagle Outfitters	Pair Corr
0.86	AKA	AKA Brands Holding	Pair Corr
0.85	BBY	Best Buy	Pair Corr
0.82	XELB	Xcel Brands	Pair Corr
0.73	CAL	Continental	Pair Corr
0.5	FLWS	1 800 FLOWERSCOM	Pair Corr

Related Correlations Analysis

	ALC	COO	ANGO	ATR	BLFS	TFX	WST	RMD	ICUI	BDX
ALC		0.88	-0.66	0.43	-0.57	0.93	-0.73	0.44	0.8	0.62	ALC
COO	0.88		-0.83	0.73	-0.55	0.83	-0.69	0.66	0.76	0.32	COO
ANGO	-0.66	-0.83		-0.71	0.54	-0.62	0.6	-0.5	-0.55	0.01	ANGO
ATR	0.43	0.73	-0.71		-0.19	0.34	-0.25	0.77	0.45	-0.2	ATR
BLFS	-0.57	-0.55	0.54	-0.19		-0.7	0.66	0.03	-0.62	-0.38	BLFS
TFX	0.93	0.83	-0.62	0.34	-0.7		-0.79	0.32	0.82	0.68	TFX
WST	-0.73	-0.69	0.6	-0.25	0.66	-0.79		-0.23	-0.62	-0.4	WST
RMD	0.44	0.66	-0.5	0.77	0.03	0.32	-0.23		0.38	-0.1	RMD
ICUI	0.8	0.76	-0.55	0.45	-0.62	0.82	-0.62	0.38		0.65	ICUI
BDX	0.62	0.32	0.01	-0.2	-0.38	0.68	-0.4	-0.1	0.65		BDX
	ALC	COO	ANGO	ATR	BLFS	TFX	WST	RMD	ICUI	BDX

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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

TFX	+ 0.93	ALC
COO	+ 0.88	ALC
TFX	+ 0.83	COO
ICUI	+ 0.82	TFX
ICUI	+ 0.8	ALC
RMD	+ 0.77	ATR

High negative correlations

ANGO	- 0.83	COO
WST	- 0.79	TFX
WST	- 0.73	ALC
ATR	- 0.71	ANGO
TFX	- 0.7	BLFS
WST	- 0.69	COO

Risk-Adjusted Indicators

There is a big difference between Warby Stock performing well and Warby Parker 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 Warby Parker'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
ALC	0.77	(0.21)	0.00	(47.63)	0.00	0.00	1.13	(1.70)	7.08
COO	1.00	(0.23)	0.00	(0.96)	0.00	0.00	1.64	(2.22)	6.27
ANGO	3.15	1.20	0.46	(266.20)	1.89	(4.01)	6.01	(4.03)	42.96
ATR	0.79	(0.05)	0.00	(0.12)	0.00	0.00	1.22	(1.87)	7.86
BLFS	2.53	0.29	0.08	0.27	3.36	(2.68)	4.90	(4.55)	18.49
TFX	1.35	(0.38)	0.00	0.80	0.00	0.00	2.25	(2.92)	17.00
WST	1.65	0.23	0.11	(2.74)	1.86	(1.91)	2.96	(2.67)	22.42
RMD	1.15	(0.01)	0.00	(0.03)	0.00	0.00	1.99	(2.62)	12.24
ICUI	1.37	(0.10)	0.00	(0.25)	0.00	0.00	3.24	(2.68)	9.24
BDX	0.84	0.00	0.01	0.10	1.18	(0.94)	1.72	(1.36)	6.89

Warby Parker Corporate Management

Kim Nemser	SVP Officer	Profile
Sandy Gilsenan	SVP Officer	Profile
Tina Romani	VP Relations	Profile
Lori Krauss	Senior Officer	Profile
Steve Miller	VP CFO	Profile
Stephanie Hart	VP Operations	Profile

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