Latham Correlations

SWIM Stock

USD 6.78 0.29 4.47%

The current 90-days correlation between Latham Group and Janus International Group is -0.36 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Latham moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Latham Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Latham Correlation With Market

Weak diversification

The correlation between Latham Group and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Latham Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Latham Stock

0.76	TT	Trane Technologies plc	Pair Corr
0.67	VKSC	Viskase Companies	Pair Corr
0.63	ANSLY	Ansell Ltd ADR	Pair Corr
0.8	FBIN	Fortune Brands Innov	Pair Corr
0.66	JCI	Johnson Controls Int Fiscal Year End 10th of December 2024	Pair Corr
0.73	LII	Lennox International	Pair Corr
0.69	LMB	Limbach Holdings	Pair Corr
0.75	LPX	Louisiana Pacific	Pair Corr
0.84	MAS	Masco	Pair Corr
0.79	ILAG	Intelligent Living	Pair Corr
0.69	PPIH	Perma Pipe Internati	Pair Corr
0.68	AAON	AAON Inc	Pair Corr
0.8	BLDR	Builders FirstSource	Pair Corr
0.76	CARR	Carrier Global Corp	Pair Corr
0.8	R	Ryder System	Pair Corr
0.76	AP	Ampco Pittsburgh	Pair Corr

Moving against Latham Stock

0.92	AIRJW	Montana Technologies Symbol Change	Pair Corr
0.91	AEHL	Antelope Enterprise	Pair Corr
0.91	AIRJ	Montana Technologies Symbol Change	Pair Corr
0.89	JBI	Janus International	Pair Corr
0.57	WMS	Advanced Drainage Systems	Pair Corr
0.53	NX	Quanex Building Products Fiscal Year End 12th of December 2024	Pair Corr
0.45	ROCK	Gibraltar Industries	Pair Corr
0.33	AFIIQ	Armstrong Flooring	Pair Corr
0.82	CSTE	Caesarstone	Pair Corr
0.78	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.77	TREX	Trex Company Sell-off Trend	Pair Corr
0.77	BE	Bloom Energy Corp	Pair Corr
0.53	AL	Air Lease	Pair Corr

Related Correlations Analysis

	JBI	NX	GMS	DOOR	ROCK	JELD	AWI	APOG	PPIH
JBI		0.79	0.27	-0.68	0.65	0.36	-0.19	-0.26	-0.58	JBI
NX	0.79		0.59	-0.39	0.79	0.69	0.28	0.12	-0.15	NX
GMS	0.27	0.59		-0.1	0.48	0.7	0.57	0.46	0.14	GMS
DOOR	-0.68	-0.39	-0.1		-0.25	0.03	0.54	0.56	0.79	DOOR
ROCK	0.65	0.79	0.48	-0.25		0.78	0.38	0.28	0.1	ROCK
JELD	0.36	0.69	0.7	0.03	0.78		0.75	0.6	0.42	JELD
AWI	-0.19	0.28	0.57	0.54	0.38	0.75		0.84	0.77	AWI
APOG	-0.26	0.12	0.46	0.56	0.28	0.6	0.84		0.75	APOG
PPIH	-0.58	-0.15	0.14	0.79	0.1	0.42	0.77	0.75		PPIH
	JBI	NX	GMS	DOOR	ROCK	JELD	AWI	APOG	PPIH

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

APOG	+ 0.84	AWI
NX	+ 0.79	JBI
ROCK	+ 0.79	NX
PPIH	+ 0.79	DOOR
JELD	+ 0.78	ROCK
PPIH	+ 0.77	AWI

High negative correlations

DOOR	- 0.68	JBI
PPIH	- 0.58	JBI
DOOR	- 0.39	NX
APOG	- 0.26	JBI
ROCK	- 0.25	DOOR
AWI	- 0.19	JBI

Risk-Adjusted Indicators

There is a big difference between Latham Stock performing well and Latham 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 Latham'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
JBI	1.91	(0.38)	0.00	(0.22)	0.00	0.00	3.23	(4.37)	19.96
NX	2.37	0.01	0.01	0.10	3.00	(2.65)	4.46	(4.68)	32.55
GMS	1.72	0.06	0.05	0.13	2.30	(1.72)	3.42	(3.74)	12.73
DOOR	1.61	0.24	0.06	(0.69)	1.72	(1.73)	3.56	(3.37)	10.68
ROCK	1.91	(0.10)	(0.01)	0.04	2.42	(2.06)	3.96	(4.15)	14.32
JELD	1.99	0.12	0.10	0.15	1.79	(2.41)	4.99	(2.97)	14.95
AWI	1.21	0.15	0.11	0.21	1.20	(1.37)	2.84	(2.38)	9.45
APOG	2.14	0.21	0.13	0.19	2.09	(2.41)	3.85	(4.13)	28.75
PPIH	3.25	0.61	0.18	0.49	3.00	(3.74)	11.31	(6.09)	35.55

Latham Corporate Management

James Borseth	Strategic Advisor	Profile
Joel Culp	Chief Officer	Profile
Oliver Gloe	Chief Officer	Profile
Nikki Maczko	Chief Officer	Profile
Lance Dumont	Chief Staff	Profile
Kaushal Dhruv	Chief Officer	Profile
Joshua Cowley	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC