MarineMax Correlations

HZO Stock

USD 27.32 0.60 2.25%

The current 90-days correlation between MarineMax and Leslies is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MarineMax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MarineMax moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MarineMax Correlation With Market

Very weak diversification

The correlation between MarineMax and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MarineMax and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MarineMax Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in MarineMax. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in MarineMax Stock, please use our How to Invest in MarineMax guide.

Moving together with MarineMax Stock

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0.62	BBY	Best Buy	Pair Corr
0.79	EYE	National Vision Holdings	Pair Corr
0.81	BLNK	Blink Charging	Pair Corr
0.82	H	Hyatt Hotels Earnings Call Today	Pair Corr
0.83	DOOO	BRP Inc	Pair Corr
0.83	FLUT	Flutter Entertainment plc	Pair Corr
0.8	BLD	Topbuild Corp	Pair Corr
0.84	CMG	Chipotle Mexican Grill	Pair Corr
0.84	COE	51Talk Online Education	Pair Corr
0.79	CSV	Carriage Services Earnings Call This Week	Pair Corr
0.62	DRI	Darden Restaurants	Pair Corr
0.65	EDU	New Oriental Education Earnings Call This Week	Pair Corr
0.76	HLT	Hilton Worldwide Holdings	Pair Corr
0.72	MAR	Marriott International	Pair Corr
0.69	MAT	Mattel Inc	Pair Corr
0.67	SCI	Service International Earnings Call This Week	Pair Corr

Moving against MarineMax Stock

0.66	EEIQ	Elite Education Group	Pair Corr
0.62	GV	Visionary Education	Pair Corr
0.56	ECDA	ECD Automotive Design	Pair Corr
0.5	DPZ	Dominos Pizza Common	Pair Corr
0.43	VSTA	Vasta Platform	Pair Corr
0.77	MCD	McDonalds	Pair Corr
0.74	HRB	HR Block	Pair Corr
0.72	ZSPC	zSpace, Common stock Trending	Pair Corr
0.48	MSN	Emerson Radio	Pair Corr
0.48	HTHT	Huazhu Group	Pair Corr
0.44	XPEV	Xpeng Inc Sell-off Trend	Pair Corr
0.43	WTO	UTime Limited	Pair Corr
0.43	LXEH	Lixiang Education Holding	Pair Corr
0.42	WEN	The Wendys Earnings Call This Week	Pair Corr
0.37	JACK	Jack In	Pair Corr

Related Correlations Analysis

	LESL	SPWH	SBH	BGFV	EYE	HVT	CCS	MBUU	GPI
LESL		-0.65	-0.31	-0.3	-0.43	-0.26	-0.61	-0.39	-0.23	LESL
SPWH	-0.65		0.65	0.74	0.86	0.64	0.37	0.78	0.59	SPWH
SBH	-0.31	0.65		0.87	0.81	0.86	0.53	0.91	0.76	SBH
BGFV	-0.3	0.74	0.87		0.9	0.87	0.36	0.88	0.74	BGFV
EYE	-0.43	0.86	0.81	0.9		0.84	0.32	0.86	0.72	EYE
HVT	-0.26	0.64	0.86	0.87	0.84		0.42	0.87	0.76	HVT
CCS	-0.61	0.37	0.53	0.36	0.32	0.42		0.45	0.22	CCS
MBUU	-0.39	0.78	0.91	0.88	0.86	0.87	0.45		0.81	MBUU
GPI	-0.23	0.59	0.76	0.74	0.72	0.76	0.22	0.81		GPI
	LESL	SPWH	SBH	BGFV	EYE	HVT	CCS	MBUU	GPI

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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

MBUU	+ 0.91	SBH
EYE	+ 0.9	BGFV
MBUU	+ 0.88	BGFV
BGFV	+ 0.87	SBH
HVT	+ 0.87	BGFV
MBUU	+ 0.87	HVT

High negative correlations

SPWH	- 0.65	LESL
CCS	- 0.61	LESL
EYE	- 0.43	LESL
MBUU	- 0.39	LESL
SBH	- 0.31	LESL
BGFV	- 0.3	LESL

Risk-Adjusted Indicators

There is a big difference between MarineMax Stock performing well and MarineMax 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 MarineMax'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
LESL	4.59	(0.08)	(0.03)	0.08	4.99	(5.89)	8.77	(8.75)	20.60
SPWH	3.88	1.23	0.30	1.35	3.30	(4.68)	11.38	(5.66)	25.26
SBH	2.45	0.52	0.08	(0.74)	2.48	(2.86)	3.99	(4.27)	28.37
BGFV	4.10	1.26	0.18	(1.45)	3.78	(5.69)	6.50	(5.60)	71.09
EYE	2.09	0.91	0.54	0.79	0.78	(2.56)	6.85	(2.38)	20.87
HVT	1.84	0.04	0.09	0.23	1.71	(2.27)	4.61	(3.72)	14.94
CCS	2.12	(0.17)	(0.02)	0.10	2.42	(2.34)	5.03	(3.67)	11.57
MBUU	2.13	0.64	0.13	(0.87)	2.03	(2.58)	4.52	(3.79)	16.97
GPI	1.45	0.13	(0.05)	(0.64)	2.10	(1.55)	3.56	(2.18)	12.69

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