Zumiez Correlations

ZUMZ Stock

USD 22.00 0.53 2.47%

The current 90-days correlation between Zumiez Inc and Duluth Holdings is 0.31 (i.e., Weak diversification). The correlation of Zumiez 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.

Zumiez Correlation With Market

Modest diversification

The correlation between Zumiez Inc and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zumiez Inc 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 Zumiez Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Zumiez Stock

0.78	AAP	Advance Auto Parts	Pair Corr
0.85	BGI	Birks Group	Pair Corr
0.61	DBI	Designer Brands	Pair Corr
0.86	DKS	Dicks Sporting Goods	Pair Corr
0.84	KMX	CarMax Inc	Pair Corr
0.64	GNLN	Greenlane Holdings	Pair Corr
0.89	JILL	JJill Inc	Pair Corr

Moving against Zumiez Stock

0.75	HD	Home Depot	Pair Corr
0.68	BBW	Build A Bear Earnings Call This Week	Pair Corr
0.64	FIVE	Five Below Earnings Call This Week	Pair Corr
0.59	BQ	Boqii Holding Limited	Pair Corr
0.58	FNKO	Funko Inc	Pair Corr
0.54	LB	LandBridge Company	Pair Corr
0.49	VSCO	Victorias Secret	Pair Corr
0.46	ELA	Envela Corp	Pair Corr
0.33	DLTH	Duluth Holdings Earnings Call This Week	Pair Corr
0.32	LE	Lands End	Pair Corr
0.72	LOW	Lowes Companies	Pair Corr
0.67	GLBE	Global E Online	Pair Corr
0.61	POOL	Pool	Pair Corr
0.59	PETS	PetMed Express	Pair Corr
0.57	CATO	Cato	Pair Corr
0.51	KIRK	Kirklands Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DLTH	JILL	SCVL	CATO	HIBB	CTRN	BKE	GCO	TLYS	DXLG
DLTH		-0.52	0.04	0.01	0.4	0.35	-0.01	-0.24	-0.09	-0.01	DLTH
JILL	-0.52		0.35	-0.37	-0.48	-0.6	-0.21	0.61	0.64	0.18	JILL
SCVL	0.04	0.35		-0.77	-0.3	-0.25	-0.31	0.03	0.79	0.33	SCVL
CATO	0.01	-0.37	-0.77		0.25	0.67	0.51	0.1	-0.8	0.16	CATO
HIBB	0.4	-0.48	-0.3	0.25		0.27	0.25	-0.17	-0.24	-0.15	HIBB
CTRN	0.35	-0.6	-0.25	0.67	0.27		0.32	-0.17	-0.56	0.35	CTRN
BKE	-0.01	-0.21	-0.31	0.51	0.25	0.32		0.4	-0.5	0.38	BKE
GCO	-0.24	0.61	0.03	0.1	-0.17	-0.17	0.4		0.14	0.46	GCO
TLYS	-0.09	0.64	0.79	-0.8	-0.24	-0.56	-0.5	0.14		0.13	TLYS
DXLG	-0.01	0.18	0.33	0.16	-0.15	0.35	0.38	0.46	0.13		DXLG
	DLTH	JILL	SCVL	CATO	HIBB	CTRN	BKE	GCO	TLYS	DXLG

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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

TLYS	+ 0.79	SCVL
CTRN	+ 0.67	CATO
TLYS	+ 0.64	JILL
GCO	+ 0.61	JILL
BKE	+ 0.51	CATO
DXLG	+ 0.46	GCO

High negative correlations

TLYS	- 0.8	CATO
CATO	- 0.77	SCVL
CTRN	- 0.6	JILL
TLYS	- 0.56	CTRN
JILL	- 0.52	DLTH
TLYS	- 0.5	BKE

Risk-Adjusted Indicators

There is a big difference between Zumiez Stock performing well and Zumiez 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 Zumiez'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
DLTH	2.77	0.11	0.05	0.16	2.70	(3.28)	5.73	(4.24)	24.31
JILL	1.89	(0.58)	0.00	(0.27)	0.00	0.00	3.38	(3.51)	19.27
SCVL	2.06	(0.51)	0.00	(0.16)	0.00	0.00	5.16	(5.85)	16.24
CATO	2.41	0.39	0.12	1.13	2.37	(2.75)	5.64	(4.10)	17.59
HIBB	0.65	0.34	0.83	(1.75)	0.00	(0.67)	0.56	(0.24)	19.75
CTRN	2.14	0.15	0.06	0.20	2.65	(2.48)	5.18	(4.32)	17.32
BKE	1.52	0.10	0.07	0.18	1.35	(1.87)	4.83	(2.37)	7.75
GCO	2.74	(0.19)	(0.03)	0.00	3.31	(3.23)	6.15	(4.32)	17.20
TLYS	3.39	(0.53)	0.00	(0.14)	0.00	0.00	8.31	(5.92)	23.55
DXLG	2.21	(0.35)	0.00	(0.09)	0.00	0.00	4.73	(5.78)	14.71

Zumiez Corporate Executives

Elected by the shareholders, the Zumiez's board of directors comprises two types of representatives: Zumiez inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zumiez. The board's role is to monitor Zumiez's management team and ensure that shareholders' interests are well served. Zumiez's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Zumiez's outside directors are responsible for providing unbiased perspectives on the board's policies.

Christopher Work

CFO and Principal Accounting Officer

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