Clarus Corp Correlations

CLAR Stock

USD 3.97 0.04 1.00%

The current 90-days correlation between Clarus Corp and Johnson Outdoors is 0.01 (i.e., Significant diversification). The correlation of Clarus Corp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Clarus Corp Correlation With Market

Average diversification

The correlation between Clarus Corp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clarus Corp 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 Clarus Corp. 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 Clarus Stock, please use our How to Invest in Clarus Corp guide.

Moving together with Clarus Stock

0.61	FORD	Forward Industries	Pair Corr
0.62	CRI	Carters	Pair Corr
0.66	DTC	Solo Brands	Pair Corr
0.71	KTB	Kontoor Brands	Pair Corr
0.61	SKX	Skechers USA	Pair Corr
0.65	VRA	Vera Bradley	Pair Corr
0.83	ZGN	Ermenegildo Zegna Earnings Call This Week	Pair Corr
0.61	JAKK	JAKKS Pacific	Pair Corr
0.76	RCKY	Rocky Brands	Pair Corr
0.74	AOUT	American Outdoor Brands	Pair Corr
0.69	SHOO	Steven Madden	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.71	WEYS	Weyco Group	Pair Corr
0.61	AAP	Advance Auto Parts	Pair Corr
0.7	FNKO	Funko Inc	Pair Corr

Moving against Clarus Stock

0.46	VIPS	Vipshop Holdings	Pair Corr
0.37	YUM	Yum Brands	Pair Corr
0.35	AZO	AutoZone	Pair Corr

Related Correlations Analysis

	VSTO	JOUT	ESCA	JAKK	SEAS	FUN	BSFFF	CNLFF	OSW
VSTO		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	VSTO
JOUT	0.0		-0.33	0.0	0.0	0.76	0.0	-0.35	0.36	JOUT
ESCA	0.0	-0.33		0.35	0.0	-0.27	0.11	0.49	0.23	ESCA
JAKK	0.0	0.0	0.35		0.0	0.3	0.45	0.18	0.84	JAKK
SEAS	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SEAS
FUN	0.0	0.76	-0.27	0.3	0.0		0.24	-0.36	0.53	FUN
BSFFF	0.0	0.0	0.11	0.45	0.0	0.24		0.28	0.41	BSFFF
CNLFF	0.0	-0.35	0.49	0.18	0.0	-0.36	0.28		-0.03	CNLFF
OSW	0.0	0.36	0.23	0.84	0.0	0.53	0.41	-0.03		OSW
	VSTO	JOUT	ESCA	JAKK	SEAS	FUN	BSFFF	CNLFF	OSW

Click cells to compare fundamentals

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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

OSW	+ 0.84	JAKK
FUN	+ 0.76	JOUT
OSW	+ 0.53	FUN
CNLFF	+ 0.49	ESCA
BSFFF	+ 0.45	JAKK
OSW	+ 0.41	BSFFF

High negative correlations

CNLFF	- 0.36	FUN
CNLFF	- 0.35	JOUT
ESCA	- 0.33	JOUT
FUN	- 0.27	ESCA
OSW	- 0.03	CNLFF
OSW	- 0.0	SEAS

Risk-Adjusted Indicators

There is a big difference between Clarus Stock performing well and Clarus Corp 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 Clarus Corp'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
VSTO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JOUT	1.89	(0.42)	0.00	(0.68)	0.00	0.00	3.95	(4.26)	13.35
ESCA	1.88	0.05	0.06	(0.25)	2.47	(1.90)	3.18	(3.83)	11.14
JAKK	1.90	(0.01)	0.00	(0.08)	0.00	0.00	2.95	(3.94)	20.78
SEAS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FUN	2.08	(0.19)	0.00	(0.20)	0.00	0.00	4.52	(4.95)	15.35
BSFFF	1.08	(0.01)	0.00	(0.13)	0.00	0.00	3.25	(4.40)	24.44
CNLFF	0.02	0.00	0.00	(0.02)	0.00	0.00	0.00	0.00	0.68
OSW	1.72	(0.08)	0.00	(0.13)	0.00	0.00	3.41	(4.33)	13.78

Clarus Corp Corporate Management

Michael Yates	Chief Officer	Profile
Daniel Bruntsch	Head Sales	Profile
David Cook	Global OEM	Profile
John MBA	President	Profile
Aaron MBA	COO, VP	Profile

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