Dogness International Correlations

DOGZ Stock

USD 47.00 1.65 3.64%

The current 90-days correlation between Dogness International and Twin Vee Powercats is -0.04 (i.e., Good diversification). The correlation of Dogness International 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.

Dogness International Correlation With Market

Significant diversification

The correlation between Dogness International 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 Dogness International Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dogness International Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Dogness Stock

0.61	RL	Ralph Lauren Corp	Pair Corr
0.78	VOXX	VOXX International	Pair Corr
0.63	GIL	Gildan Activewear	Pair Corr

Moving against Dogness Stock

0.8	DOOO	BRP Inc	Pair Corr
0.75	WLDS	Wearable Devices Tech Boost	Pair Corr
0.75	FEBO	Fenbo Holdings	Pair Corr
0.73	VEEE	Twin Vee Powercats	Pair Corr
0.73	VMAR	Vision Marine Techno	Pair Corr
0.71	CCS	Century Communities	Pair Corr
0.66	DTC	Solo Brands	Pair Corr
0.64	DHI	DR Horton	Pair Corr
0.63	HOV	Hovnanian Enterprises	Pair Corr
0.62	EZGO	EZGO Technologies	Pair Corr
0.61	HAS	Hasbro Inc	Pair Corr
0.6	DFH	Dream Finders Homes	Pair Corr
0.59	CRI	Carters	Pair Corr
0.58	BLD	Topbuild Corp	Pair Corr
0.38	BC	Brunswick Sell-off Trend	Pair Corr
0.75	PII	Polaris Industries	Pair Corr
0.74	NKE	Nike Inc Sell-off Trend	Pair Corr
0.67	MTH	Meritage	Pair Corr
0.62	TPH	TRI Pointe Homes	Pair Corr
0.59	PHM	PulteGroup	Pair Corr
0.59	UFI	Unifi Inc	Pair Corr
0.58	LEN	Lennar	Pair Corr
0.58	RGR	Sturm Ruger	Pair Corr
0.57	KBH	KB Home Fiscal Year End 8th of January 2025	Pair Corr
0.56	NVR	NVR Inc	Pair Corr
0.54	IBP	Installed Building	Pair Corr
0.53	MHO	MI Homes	Pair Corr

Related Correlations Analysis

	AS	BC	RL	UA	DOOO	VEEE	VMAR	VNCE	VOXX
AS		-0.67	0.92	0.33	-0.56	-0.82	-0.91	0.07	0.54	AS
BC	-0.67		-0.51	0.21	0.29	0.64	0.62	-0.42	-0.23	BC
RL	0.92	-0.51		0.56	-0.63	-0.77	-0.89	-0.01	0.56	RL
UA	0.33	0.21	0.56		-0.44	-0.28	-0.41	-0.31	0.25	UA
DOOO	-0.56	0.29	-0.63	-0.44		0.72	0.74	0.17	-0.53	DOOO
VEEE	-0.82	0.64	-0.77	-0.28	0.72		0.84	-0.03	-0.63	VEEE
VMAR	-0.91	0.62	-0.89	-0.41	0.74	0.84		-0.02	-0.57	VMAR
VNCE	0.07	-0.42	-0.01	-0.31	0.17	-0.03	-0.02		-0.09	VNCE
VOXX	0.54	-0.23	0.56	0.25	-0.53	-0.63	-0.57	-0.09		VOXX
	AS	BC	RL	UA	DOOO	VEEE	VMAR	VNCE	VOXX

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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

RL	+ 0.92	AS
VMAR	+ 0.84	VEEE
VMAR	+ 0.74	DOOO
VEEE	+ 0.72	DOOO
VEEE	+ 0.64	BC
VMAR	+ 0.62	BC

High negative correlations

VMAR	- 0.91	AS
VMAR	- 0.89	RL
VEEE	- 0.82	AS
VEEE	- 0.77	RL
BC	- 0.67	AS
VOXX	- 0.63	VEEE

Risk-Adjusted Indicators

There is a big difference between Dogness Stock performing well and Dogness International 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 Dogness International'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
AS	2.39	0.97	0.39	1.01	1.86	(2.98)	6.25	(3.53)	16.68
BC	1.49	(0.37)	0.00	(0.21)	0.00	0.00	3.42	(3.35)	11.27
RL	1.36	0.32	0.22	0.28	1.19	(1.63)	3.70	(2.14)	10.48
UA	2.34	0.11	0.03	0.24	2.98	(3.10)	4.10	(4.75)	35.20
DOOO	1.62	(0.24)	0.00	(0.35)	0.00	0.00	3.48	(3.54)	11.25
VEEE	4.99	(0.53)	0.00	(0.30)	0.00	0.00	10.53	(10.00)	30.50
VMAR	5.32	(1.97)	0.00	5.28	0.00	0.00	6.63	(12.07)	59.30
VNCE	5.79	2.01	0.38	(0.77)	3.49	(8.72)	11.11	(7.37)	65.89
VOXX	2.82	0.30	0.10	0.27	2.76	(3.52)	7.60	(6.18)	22.88

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