Camping World Correlations

CWH Stock

USD 16.47 1.79 12.19%

The current 90-days correlation between Camping World Holdings and Sonic Automotive is 0.56 (i.e., Very weak diversification). The correlation of Camping World 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.

Camping World Correlation With Market

Poor diversification

The correlation between Camping World Holdings and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Camping World Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Camping Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Camping World Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Camping Stock

0.93	BQ	Boqii Holding Limited	Pair Corr
0.95	FL	Foot Locker	Pair Corr
0.89	HD	Home Depot Earnings Call Today	Pair Corr
0.61	JD	JD Inc Adr Earnings Call This Week	Pair Corr
0.76	JL	J Long Group	Pair Corr
0.86	LE	Lands End	Pair Corr
0.98	RH	RH	Pair Corr
0.92	VSCO	Victorias Secret	Pair Corr
0.88	WEYS	Weyco Group	Pair Corr
0.9	ETSY	Etsy Inc	Pair Corr
0.93	FLWS	1 800 FLOWERSCOM	Pair Corr
0.94	ABG	Asbury Automotive	Pair Corr
0.94	ASO	Academy Sports Outdoors	Pair Corr
0.94	BBY	Best Buy	Pair Corr
0.77	BGI	Birks Group	Pair Corr
0.79	DIT	AMCON Distributing	Pair Corr
0.95	FND	Floor Decor Holdings	Pair Corr
0.84	HVT	Haverty Furniture	Pair Corr
0.92	LAD	Lithia Motors	Pair Corr
0.92	LOW	Lowes Companies	Pair Corr
0.69	PDD	PDD Holdings	Pair Corr
0.9	TLF	Tandy Leather Factory	Pair Corr
0.89	GLBE	Global E Online	Pair Corr
0.88	GNLN	Greenlane Holdings	Pair Corr
0.94	HOUR	Hour Loop	Pair Corr
0.81	ZUMZ	Zumiez Inc	Pair Corr
0.89	JFBR	Jeffs Brands	Pair Corr
0.8	JMIA	Jumia Technologies Buyout Trend	Pair Corr
0.86	KIRK	Kirklands	Pair Corr
0.8	LOGC	Contextlogic Symbol Change	Pair Corr
0.89	LVLU	Lulus Fashion Lounge	Pair Corr

Moving against Camping Stock

0.69	RAY	Raytech Holding Buyout Trend	Pair Corr
0.71	GRPN	Groupon	Pair Corr
0.46	OLLI	Ollies Bargain Outlet	Pair Corr

Related Correlations Analysis

	GPI	SAH	PAG	LAD	ABG	AN	VRM	KMX	SDA
GPI		0.98	0.93	0.91	0.94	0.91	-0.72	0.74	0.61	GPI
SAH	0.98		0.9	0.93	0.95	0.93	-0.76	0.73	0.64	SAH
PAG	0.93	0.9		0.76	0.81	0.83	-0.52	0.55	0.5	PAG
LAD	0.91	0.93	0.76		0.97	0.91	-0.84	0.83	0.69	LAD
ABG	0.94	0.95	0.81	0.97		0.85	-0.86	0.86	0.77	ABG
AN	0.91	0.93	0.83	0.91	0.85		-0.63	0.62	0.44	AN
VRM	-0.72	-0.76	-0.52	-0.84	-0.86	-0.63		-0.82	-0.74	VRM
KMX	0.74	0.73	0.55	0.83	0.86	0.62	-0.82		0.77	KMX
SDA	0.61	0.64	0.5	0.69	0.77	0.44	-0.74	0.77		SDA
	GPI	SAH	PAG	LAD	ABG	AN	VRM	KMX	SDA

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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

SAH	+ 0.98	GPI
ABG	+ 0.97	LAD
ABG	+ 0.95	SAH
ABG	+ 0.94	GPI
PAG	+ 0.93	GPI
LAD	+ 0.93	SAH

High negative correlations

VRM	- 0.86	ABG
VRM	- 0.84	LAD
KMX	- 0.82	VRM
VRM	- 0.76	SAH
SDA	- 0.74	VRM
VRM	- 0.72	GPI

Risk-Adjusted Indicators

There is a big difference between Camping Stock performing well and Camping World 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 Camping World'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
GPI	1.74	0.02	0.00	(0.10)	0.00	0.00	4.03	(4.24)	14.83
SAH	1.79	(0.05)	0.00	(0.18)	0.00	0.00	3.56	(5.15)	14.36
PAG	1.54	0.04	0.00	(0.08)	0.00	0.00	2.50	(3.70)	12.44
LAD	1.91	(0.16)	0.00	(0.26)	0.00	0.00	4.49	(4.36)	17.50
ABG	1.83	(0.29)	0.00	(0.38)	0.00	0.00	3.05	(4.07)	14.67
AN	1.68	0.04	0.00	(0.09)	0.00	0.00	2.64	(4.12)	15.35
VRM	12.76	6.18	0.91	(4.65)	3.79	(15.27)	7.29	(8.01)	437.18
KMX	1.96	(0.15)	0.00	(0.24)	0.00	0.00	3.17	(4.54)	26.21
SDA	3.73	(1.44)	0.00	(1.59)	0.00	0.00	4.34	(9.33)	37.80

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