Sportsmans Correlations

SPWH Stock

USD 3.69 0.07 1.86%

The current 90-days correlation between Sportsmans and Big 5 Sporting is -0.08 (i.e., Good diversification). The correlation of Sportsmans 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.

Sportsmans Correlation With Market

Average diversification

The correlation between Sportsmans and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sportsmans and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sportsmans Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sportsmans. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more detail on how to invest in Sportsmans Stock please use our How to Invest in Sportsmans guide.

Moving together with Sportsmans Stock

0.77	ASO	Academy Sports Outdoors	Pair Corr
0.86	EYE	National Vision Holdings	Pair Corr
0.84	BLNK	Blink Charging	Pair Corr
0.77	H	Hyatt Hotels Earnings Call Today	Pair Corr
0.94	DOOO	BRP Inc	Pair Corr
0.73	WING	Wingstop Earnings Call This Week	Pair Corr
0.87	FLUT	Flutter Entertainment plc	Pair Corr
0.69	BLD	Topbuild Corp	Pair Corr
0.66	CMG	Chipotle Mexican Grill	Pair Corr
0.93	COE	51Talk Online Education	Pair Corr
0.85	CSV	Carriage Services Earnings Call This Week	Pair Corr
0.76	DRI	Darden Restaurants	Pair Corr
0.72	HLT	Hilton Worldwide Holdings	Pair Corr
0.64	MAR	Marriott International	Pair Corr
0.67	MAT	Mattel Inc	Pair Corr
0.65	SCI	Service International Earnings Call This Week	Pair Corr

Moving against Sportsmans Stock

0.76	DPZ	Dominos Pizza Common	Pair Corr
0.73	EEIQ	Elite Education Group	Pair Corr
0.57	GV	Visionary Education	Pair Corr
0.5	ECDA	ECD Automotive Design	Pair Corr
0.4	VSTA	Vasta Platform	Pair Corr
0.33	EDTK	Skillful Craftsman	Pair Corr
0.87	ZSPC	zSpace, Common stock Trending	Pair Corr
0.85	MCD	McDonalds	Pair Corr
0.77	HRB	HR Block	Pair Corr
0.72	WTO	UTime Limited	Pair Corr
0.62	HTHT	Huazhu Group	Pair Corr
0.62	JACK	Jack In	Pair Corr
0.61	WEN	The Wendys Earnings Call This Week	Pair Corr
0.55	XPEV	Xpeng Inc Sell-off Trend	Pair Corr
0.32	LXEH	Lixiang Education Holding	Pair Corr

Related Correlations Analysis

	BGFV	LESL	SBH	HZO	SWBI	TLYS
BGFV		-0.3	0.87	0.74	-0.31	-0.16	BGFV
LESL	-0.3		-0.31	-0.59	0.57	-0.62	LESL
SBH	0.87	-0.31		0.7	-0.41	-0.05	SBH
HZO	0.74	-0.59	0.7		-0.3	0.1	HZO
SWBI	-0.31	0.57	-0.41	-0.3		-0.3	SWBI
TLYS	-0.16	-0.62	-0.05	0.1	-0.3		TLYS
	BGFV	LESL	SBH	HZO	SWBI	TLYS

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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

SBH	+ 0.87	BGFV
HZO	+ 0.74	BGFV
HZO	+ 0.7	SBH
SWBI	+ 0.57	LESL
TLYS	+ 0.1	HZO

High negative correlations

TLYS	- 0.62	LESL
HZO	- 0.59	LESL
SWBI	- 0.41	SBH
SBH	- 0.31	LESL
SWBI	- 0.31	BGFV
TLYS	- 0.3	SWBI

Risk-Adjusted Indicators

There is a big difference between Sportsmans Stock performing well and Sportsmans 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 Sportsmans' 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
BGFV	4.10	1.26	0.18	(1.45)	3.78	(5.69)	6.50	(5.60)	71.09
LESL	4.59	(0.08)	(0.03)	0.08	4.99	(5.89)	8.77	(8.75)	20.60
SBH	2.45	0.52	0.08	(0.74)	2.48	(2.86)	3.99	(4.27)	28.37
HZO	2.89	0.09	0.16	0.24	2.20	(3.65)	10.19	(3.67)	24.72
SWBI	1.56	(0.27)	0.00	(0.11)	0.00	0.00	2.92	(2.60)	24.96
TLYS	5.94	(0.39)	0.01	0.09	7.51	(7.32)	14.49	(11.96)	45.07

Sportsmans Corporate Executives

Elected by the shareholders, the Sportsmans' board of directors comprises two types of representatives: Sportsmans inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sportsmans. The board's role is to monitor Sportsmans' management team and ensure that shareholders' interests are well served. Sportsmans' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sportsmans' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Jeffrey White	CFO Secretary	Profile
	Kevan Talbot	CFO and Secretary	Profile

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