Foot Locker Correlations
| FL Stock | USD 13.00 0.57 4.59% |
The current 90-days correlation between Foot Locker and Abercrombie Fitch is 0.64 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Foot Locker moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foot Locker moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Foot Locker Correlation With Market
Good diversification
The correlation between Foot Locker and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foot Locker and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Foot Stock
| 0.93 | LE | Lands End | PairCorr |
| 0.9 | DLTH | Duluth Holdings | PairCorr |
| 0.96 | DXLG | Destination XL Group | PairCorr |
| 0.83 | VSCO | Victorias Secret | PairCorr |
| 0.87 | AEO | American Eagle Outfitters | PairCorr |
| 0.88 | ANF | Abercrombie Fitch | PairCorr |
| 0.87 | BKE | Buckle Inc | PairCorr |
| 0.64 | CAL | Continental | PairCorr |
| 0.88 | CRI | Carters | PairCorr |
| 0.65 | GAP | Gap, Symbol Change | PairCorr |
| 0.88 | GCO | Genesco | PairCorr |
| 0.84 | PLCE | Childrens Place Earnings Call Tomorrow | PairCorr |
| 0.78 | ZUMZ | Zumiez Inc | PairCorr |
| 0.71 | RENT | Rent the Runway | PairCorr |
| 0.94 | JILL | JJill Inc | PairCorr |
| 0.9 | SCVL | Shoe Carnival | PairCorr |
| 0.92 | SFIX | Stitch Fix | PairCorr |
| 0.87 | BIRD | Allbirds | PairCorr |
| 0.84 | BOOT | Boot Barn Holdings | PairCorr |
| 0.67 | BURL | Burlington Stores | PairCorr |
| 0.93 | TLYS | Tillys Inc | PairCorr |
| 0.74 | CATO | Cato | PairCorr |
| 0.84 | CTRN | Citi Trends | PairCorr |
| 0.95 | LULU | Lululemon Athletica | PairCorr |
| 0.83 | LVLU | Lulus Fashion Lounge | PairCorr |
| 0.72 | URBN | Urban Outfitters | PairCorr |
| 0.91 | H | Hyatt Hotels Earnings Call This Week | PairCorr |
| 0.96 | M | Macys Inc Earnings Call This Week | PairCorr |
| 0.89 | W | Wayfair | PairCorr |
| 0.83 | MBLY | Mobileye Global Class | PairCorr |
| 0.91 | MBUU | Malibu Boats | PairCorr |
| 0.95 | DIBS | 1StdibsCom Earnings Call This Week | PairCorr |
| 0.87 | MCFT | MCBC Holdings Earnings Call This Week | PairCorr |
| 0.91 | MCRI | Monarch Casino Resort | PairCorr |
Moving against Foot Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Foot Stock performing well and Foot Locker 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 Foot Locker'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANF | 2.74 | (0.76) | 0.00 | 1.09 | 0.00 | 5.08 | 21.61 | |||
| GPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| URBN | 2.60 | 0.07 | 0.05 | (0.40) | 4.19 | 4.43 | 27.43 | |||
| PLCE | 4.24 | (0.67) | 0.00 | (3.62) | 0.00 | 7.22 | 36.61 | |||
| AEO | 2.94 | (0.45) | 0.00 | 1.55 | 0.00 | 4.92 | 26.22 |