Columbia Sportswear Correlations

COLM Stock

USD 76.57 0.21 0.28%

The current 90-days correlation between Columbia Sportswear and Ermenegildo Zegna NV is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Columbia Sportswear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Sportswear moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Columbia Sportswear Correlation With Market

Average diversification

The correlation between Columbia Sportswear 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 Columbia Sportswear 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 Columbia Sportswear. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Moving together with Columbia Stock

0.62	ZGN	Ermenegildo Zegna Earnings Call This Week	Pair Corr
0.61	FND	Floor Decor Holdings	Pair Corr

Related Correlations Analysis

	VNCE	ZGN	GIL	GIII	OXM	KTB	RL	LEVI
VNCE		0.23	-0.1	0.47	0.6	0.57	0.07	0.43	VNCE
ZGN	0.23		0.64	0.44	0.48	0.68	0.66	0.78	ZGN
GIL	-0.1	0.64		-0.23	-0.02	0.16	0.85	0.69	GIL
GIII	0.47	0.44	-0.23		0.88	0.84	-0.14	0.3	GIII
OXM	0.6	0.48	-0.02	0.88		0.91	0.04	0.47	OXM
KTB	0.57	0.68	0.16	0.84	0.91		0.29	0.69	KTB
RL	0.07	0.66	0.85	-0.14	0.04	0.29		0.74	RL
LEVI	0.43	0.78	0.69	0.3	0.47	0.69	0.74		LEVI
	VNCE	ZGN	GIL	GIII	OXM	KTB	RL	LEVI

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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

KTB	+ 0.91	OXM
OXM	+ 0.88	GIII
RL	+ 0.85	GIL
KTB	+ 0.84	GIII
LEVI	+ 0.78	ZGN
LEVI	+ 0.74	RL

High negative correlations

GIII	- 0.23	GIL
RL	- 0.14	GIII
GIL	- 0.1	VNCE
OXM	- 0.02	GIL

Risk-Adjusted Indicators

There is a big difference between Columbia Stock performing well and Columbia Sportswear 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 Columbia Sportswear'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
VNCE	8.25	1.39	0.18	1.54	7.12	(11.73)	13.67	(13.24)	93.72
ZGN	1.91	(0.20)	0.00	(0.24)	0.00	0.00	5.43	(3.58)	11.60
GIL	1.14	(0.07)	0.00	(0.16)	0.00	0.00	2.54	(2.56)	8.64
GIII	1.64	(0.41)	0.00	(0.54)	0.00	0.00	2.91	(3.92)	8.36
OXM	1.89	(0.37)	0.00	(0.53)	0.00	0.00	4.12	(3.94)	15.93
KTB	1.90	(0.40)	0.00	(0.48)	0.00	0.00	3.75	(3.96)	17.80
RL	1.64	0.07	0.03	0.00	2.39	(1.55)	3.51	(3.67)	15.81
LEVI	1.63	(0.01)	0.00	(0.08)	0.00	0.00	4.02	(3.95)	9.12

Columbia Sportswear Corporate Management

Craig Zanon	EMEA, Brands	Profile
Skip Potter	Executive Officer	Profile
Pri Shumate	Chief Officer	Profile
Michael Blackford	Senior Brand	Profile
Peter Rauch	Senior Direct	Profile

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