Solo Brands Correlations

DTC Stock

USD 1.37 0.14 11.38%

The current 90-days correlation between Solo Brands and Hour Loop is 0.12 (i.e., Average diversification). The correlation of Solo Brands 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.

Solo Brands Correlation With Market

Weak diversification

The correlation between Solo Brands and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solo Brands 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 Solo Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Solo Stock refer to our How to Trade Solo Stock guide.

Moving against Solo Stock

0.47	UA	Under Armour C	Pair Corr
0.41	DOGZ	Dogness International	Pair Corr
0.38	VOXX	VOXX International	Pair Corr
0.38	GIL	Gildan Activewear	Pair Corr
0.35	VSTO	Vista Outdoor Sell-off Trend	Pair Corr
0.34	RL	Ralph Lauren Corp	Pair Corr
0.31	KTB	Kontoor Brands	Pair Corr
0.43	HEAR	Turtle Beach Corp	Pair Corr
0.41	SKY	Skyline	Pair Corr
0.39	LULU	Lululemon Athletica	Pair Corr
0.37	MYTE	MYT Netherlands Parent	Pair Corr
0.36	VFC	VF Corporation Trending	Pair Corr
0.36	WLDSW	Wearable Devices	Pair Corr

Related Correlations Analysis

	OZON	QRTEB	HOUR	DIBS	BZUN	VIPS	LQDT	JD	NHTC	EMCMF
OZON		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OZON
QRTEB	0.0		0.03	0.42	-0.02	0.15	0.32	-0.05	0.08	0.42	QRTEB
HOUR	0.0	0.03		0.33	0.59	0.36	0.6	0.62	-0.6	-0.16	HOUR
DIBS	0.0	0.42	0.33		-0.13	-0.27	0.38	-0.18	0.15	0.31	DIBS
BZUN	0.0	-0.02	0.59	-0.13		0.84	0.15	0.95	-0.91	-0.16	BZUN
VIPS	0.0	0.15	0.36	-0.27	0.84		0.15	0.86	-0.82	-0.07	VIPS
LQDT	0.0	0.32	0.6	0.38	0.15	0.15		0.14	-0.15	0.19	LQDT
JD	0.0	-0.05	0.62	-0.18	0.95	0.86	0.14		-0.96	-0.28	JD
NHTC	0.0	0.08	-0.6	0.15	-0.91	-0.82	-0.15	-0.96		0.25	NHTC
EMCMF	0.0	0.42	-0.16	0.31	-0.16	-0.07	0.19	-0.28	0.25		EMCMF
	OZON	QRTEB	HOUR	DIBS	BZUN	VIPS	LQDT	JD	NHTC	EMCMF

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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

JD	+ 0.95	BZUN
JD	+ 0.86	VIPS
VIPS	+ 0.84	BZUN
JD	+ 0.62	HOUR
LQDT	+ 0.6	HOUR
BZUN	+ 0.59	HOUR

High negative correlations

NHTC	- 0.96	JD
NHTC	- 0.91	BZUN
NHTC	- 0.82	VIPS
NHTC	- 0.6	HOUR
EMCMF	- 0.28	JD
VIPS	- 0.27	DIBS

Risk-Adjusted Indicators

There is a big difference between Solo Stock performing well and Solo Brands 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 Solo Brands' 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
OZON	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QRTEB	3.60	(0.21)	0.00	(0.01)	0.00	0.00	10.24	(6.62)	27.73
HOUR	2.76	0.63	0.19	1.29	2.65	(3.62)	8.13	(4.51)	37.06
DIBS	1.51	(0.13)	0.00	(0.03)	0.00	0.00	3.28	(3.99)	11.50
BZUN	2.98	0.55	0.11	(0.59)	3.15	(3.38)	7.67	(5.85)	27.28
VIPS	2.33	0.16	0.04	0.29	3.48	(2.96)	5.40	(4.59)	21.10
LQDT	1.41	(0.06)	(0.02)	0.03	1.80	(1.38)	3.99	(2.53)	9.06
JD	2.59	0.66	0.23	0.51	2.36	(3.05)	7.33	(4.17)	23.41
NHTC	1.37	(0.26)	0.00	(2.71)	0.00	0.00	2.88	(2.57)	12.49
EMCMF	2.84	(1.53)	0.00	(1.22)	0.00	0.00	0.00	0.00	95.20

Solo Brands Corporate Management

Kent Christensen	General Counsel	Profile
John Merris	CEO Pres	Profile
Matthew Webb	Chief Officer	Profile
Michael Studdard	Chief Officer	Profile
Mike Murray	Chief Officer	Profile
Thomas Montgomery	Chief Officer	Profile

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