Abercrombie Fitch Correlations

ANF Stock

USD 79.38 2.97 3.61%

The correlation of Abercrombie Fitch 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.

Abercrombie Fitch Correlation With Market

Significant diversification

The correlation between Abercrombie Fitch and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abercrombie Fitch and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abercrombie Fitch. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Abercrombie Stock

0.72	W	Wayfair Buyout Trend	Pair Corr
0.66	BQ	Boqii Holding Limited	Pair Corr
0.88	LE	Lands End Earnings Call This Week	Pair Corr
0.81	RH	RH Earnings Call This Week	Pair Corr
0.74	DLTH	Duluth Holdings	Pair Corr
0.75	WEYS	Weyco Group	Pair Corr
0.75	ETSY	Etsy Inc	Pair Corr
0.94	FIVE	Five Below	Pair Corr
0.66	FNKO	Funko Inc	Pair Corr
0.92	CAL	Continental	Pair Corr
0.84	DBI	Designer Brands	Pair Corr
0.78	GAP	Gap, Symbol Change	Pair Corr
0.81	GCO	Genesco	Pair Corr
0.85	GES	Guess Inc	Pair Corr
0.62	LAD	Lithia Motors	Pair Corr
0.67	GLBE	Global E Online	Pair Corr
0.93	ZUMZ	Zumiez Inc Downward Rally	Pair Corr
0.81	JMIA	Jumia Technologies	Pair Corr

Moving against Abercrombie Stock

0.91	VIPS	Vipshop Holdings	Pair Corr
0.9	AZO	AutoZone	Pair Corr
0.87	JD	JD Inc Adr	Pair Corr
0.88	PDD	PDD Holdings Aggressive Push	Pair Corr
0.8	GPC	Genuine Parts	Pair Corr
0.76	EYE	National Vision Holdings	Pair Corr
0.91	BABA	Alibaba Group Holding	Pair Corr
0.85	ORLY	OReilly Automotive	Pair Corr
0.82	MELI	MercadoLibre	Pair Corr
0.53	BZUN	Baozun Inc	Pair Corr

Related Correlations Analysis

	GPS	URBN	FL	PLCE	AEO	LULU	BURL	HIBB	EXPR
GPS		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GPS
URBN	0.0		0.49	0.41	0.55	0.59	0.44	0.0	0.0	URBN
FL	0.0	0.49		0.85	0.9	0.68	0.86	0.0	0.0	FL
PLCE	0.0	0.41	0.85		0.91	0.76	0.83	0.0	0.0	PLCE
AEO	0.0	0.55	0.9	0.91		0.84	0.93	0.0	0.0	AEO
LULU	0.0	0.59	0.68	0.76	0.84		0.73	0.0	0.0	LULU
BURL	0.0	0.44	0.86	0.83	0.93	0.73		0.0	0.0	BURL
HIBB	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HIBB
EXPR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		EXPR
	GPS	URBN	FL	PLCE	AEO	LULU	BURL	HIBB	EXPR

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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

BURL	+ 0.93	AEO
AEO	+ 0.91	PLCE
AEO	+ 0.9	FL
BURL	+ 0.86	FL
PLCE	+ 0.85	FL
LULU	+ 0.84	AEO

High negative correlations

EXPR	- 0.0	HIBB
EXPR	- 0.0	BURL
HIBB	- 0.0	BURL
EXPR	- 0.0	LULU
HIBB	- 0.0	LULU
EXPR	- 0.0	AEO

Risk-Adjusted Indicators

There is a big difference between Abercrombie Stock performing well and Abercrombie Fitch 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 Abercrombie Fitch'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GPS	0.00	0.00	0.00	0.00	0.00	0.00
URBN	2.04	(0.03)	(0.12)	3.57	(3.81)	15.80
FL	2.14	(0.34)	(0.34)	4.66	(4.80)	13.42
PLCE	3.04	(0.09)	(0.12)	5.96	(6.44)	33.45
AEO	2.08	(0.40)	(0.37)	2.89	(4.69)	13.66
LULU	1.47	(0.23)	(0.34)	2.69	(4.30)	10.71
BURL	1.82	(0.26)	(0.44)	3.32	(3.62)	15.50
HIBB	0.00	0.00	0.00	0.00	0.00	0.00
EXPR	0.00	0.00	0.00	0.00	0.00	0.00

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