Fossil Group Correlations
FOSLL Stock | USD 17.65 0.45 2.49% |
The current 90-days correlation between Fossil Group 7 and Atlanticus Holdings is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fossil Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fossil Group 7 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Fossil Group Correlation With Market
Good diversification
The correlation between Fossil Group 7 and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fossil Group 7 and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Fossil Stock
0.83 | SGI | Somnigroup International Symbol Change | PairCorr |
0.8 | INRE | Inland Real Estateome | PairCorr |
0.86 | SFD | Smithfield Foods, Common | PairCorr |
0.85 | PZZA | Papa Johns International | PairCorr |
0.78 | BLAGF | Blue Lagoon Resources | PairCorr |
0.93 | GE | GE Aerospace Earnings Call Today | PairCorr |
0.89 | DIS | Walt Disney | PairCorr |
0.91 | MSFT | Microsoft Aggressive Push | PairCorr |
0.83 | DNN | Denison Mines Corp Aggressive Push | PairCorr |
0.79 | SEDG | SolarEdge Technologies Buyout Trend | PairCorr |
0.75 | ASTS | Ast Spacemobile Aggressive Push | PairCorr |
0.89 | DLO | Dlocal | PairCorr |
0.88 | IBM | International Business Earnings Call Tomorrow | PairCorr |
0.71 | ECXWW | ECARX Holdings Warrants | PairCorr |
Moving against Fossil Stock
0.9 | EQC | Equity Commonwealth | PairCorr |
0.86 | CTHR | Charles Colvard | PairCorr |
0.75 | ZAPP | Zapp Electric Vehicles | PairCorr |
0.56 | CODI-PA | Compass Diversified Earnings Call This Week | PairCorr |
0.55 | BSLKW | Bolt Projects Holdings, Symbol Change | PairCorr |
0.52 | ZAPPW | Zapp Electric Vehicles | PairCorr |
0.47 | CODI-PB | Compass Diversified Earnings Call This Week | PairCorr |
0.46 | CODI-PC | Compass Diversified Earnings Call This Week | PairCorr |
0.44 | AXIL | AXIL Brands, Trending | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Fossil Stock performing well and Fossil Group 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 Fossil Group'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ATLCL | 0.39 | 0.05 | (0.16) | (1.20) | 0.43 | 1.01 | 2.86 | |||
GREEL | 2.10 | 0.43 | 0.09 | (2.49) | 2.45 | 6.24 | 13.99 | |||
HROWL | 0.21 | 0.02 | (0.47) | 0.51 | 0.08 | 0.53 | 1.14 | |||
METCL | 0.20 | 0.05 | (0.24) | 1.89 | 0.00 | 0.60 | 1.52 |