Torrid Holdings Correlations

CURV Stock

USD 5.22 0.25 5.03%

The current 90-days correlation between Torrid Holdings and Cato Corporation is -0.02 (i.e., Good diversification). The correlation of Torrid Holdings 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.

Torrid Holdings Correlation With Market

Good diversification

The correlation between Torrid Holdings and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Torrid Holdings 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 Torrid Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Torrid Stock please use our How to Invest in Torrid Holdings guide.

Moving together with Torrid Stock

0.7	RH	RH	Pair Corr
0.64	VSCO	Victorias Secret	Pair Corr
0.63	WINA	Winmark	Pair Corr
0.65	WRBY	Warby Parker	Pair Corr
0.61	AAP	Advance Auto Parts	Pair Corr
0.66	BKE	Buckle Inc	Pair Corr

Moving against Torrid Stock

0.65	EDUC	Educational Development	Pair Corr
0.61	JD	JD Inc Adr	Pair Corr
0.6	BQ	Boqii Holding Limited	Pair Corr
0.59	DIBS	1StdibsCom	Pair Corr
0.59	VIPS	Vipshop Holdings	Pair Corr
0.54	LE	Lands End	Pair Corr
0.52	YJ	Yunji Inc Buyout Trend	Pair Corr
0.51	DLTH	Duluth Holdings	Pair Corr
0.51	EVGO	Evgo Inc	Pair Corr
0.42	JL	J Long Group	Pair Corr
0.38	DXLG	Destination XL Group	Pair Corr
0.59	AEO	American Eagle Outfitters	Pair Corr
0.59	BGI	Birks Group	Pair Corr
0.54	CAL	Continental	Pair Corr
0.51	WOOF	Pet Acquisition LLC	Pair Corr
0.5	BBY	Best Buy	Pair Corr

Related Correlations Analysis

	CATO	SCVL	HIBB	GCO	ZUMZ	LE	CTRN	DXLG	DLTH	JILL
CATO		0.24	-0.06	-0.8	0.12	0.49	-0.74	0.66	0.4	-0.77	CATO
SCVL	0.24		-0.53	-0.49	0.28	0.57	-0.4	0.61	0.4	-0.46	SCVL
HIBB	-0.06	-0.53		0.29	-0.1	-0.21	0.25	-0.26	-0.2	0.26	HIBB
GCO	-0.8	-0.49	0.29		-0.33	-0.69	0.9	-0.59	-0.68	0.82	GCO
ZUMZ	0.12	0.28	-0.1	-0.33		0.61	-0.44	0.28	0.64	0.09	ZUMZ
LE	0.49	0.57	-0.21	-0.69	0.61		-0.6	0.66	0.85	-0.44	LE
CTRN	-0.74	-0.4	0.25	0.9	-0.44	-0.6		-0.56	-0.61	0.67	CTRN
DXLG	0.66	0.61	-0.26	-0.59	0.28	0.66	-0.56		0.4	-0.56	DXLG
DLTH	0.4	0.4	-0.2	-0.68	0.64	0.85	-0.61	0.4		-0.34	DLTH
JILL	-0.77	-0.46	0.26	0.82	0.09	-0.44	0.67	-0.56	-0.34		JILL
	CATO	SCVL	HIBB	GCO	ZUMZ	LE	CTRN	DXLG	DLTH	JILL

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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

CTRN	+ 0.9	GCO
DLTH	+ 0.85	LE
JILL	+ 0.82	GCO
JILL	+ 0.67	CTRN
DXLG	+ 0.66	CATO
DXLG	+ 0.66	LE

High negative correlations

GCO	- 0.8	CATO
JILL	- 0.77	CATO
CTRN	- 0.74	CATO
LE	- 0.69	GCO
DLTH	- 0.68	GCO
DLTH	- 0.61	CTRN

Risk-Adjusted Indicators

There is a big difference between Torrid Stock performing well and Torrid Holdings 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 Torrid Holdings' 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
CATO	3.79	(0.02)	0.00	0.07	0.00	0.00	8.40	(7.29)	38.92
SCVL	2.07	(0.29)	0.00	(6.81)	0.00	0.00	4.27	(5.49)	12.45
HIBB	0.65	0.32	0.97	2.80	0.00	(0.67)	0.56	(0.24)	19.75
GCO	2.83	0.75	0.26	2.64	2.22	(3.27)	8.39	(3.12)	16.98
ZUMZ	2.49	(0.15)	0.00	(0.20)	0.00	0.00	6.04	(4.72)	18.78
LE	2.64	(0.30)	0.00	(0.30)	0.00	0.00	5.74	(6.67)	20.38
CTRN	2.35	0.58	0.19	0.96	2.50	(2.72)	5.76	(4.32)	21.30
DXLG	2.79	0.04	0.00	(0.37)	3.49	(3.11)	5.39	(6.46)	15.79
DLTH	2.06	(0.33)	0.00	(0.38)	0.00	0.00	3.47	(4.37)	15.28
JILL	1.82	0.12	0.04	0.33	2.18	(1.97)	3.47	(3.51)	11.60

Torrid Holdings Corporate Management

Kate Horton	Chief Officer	Profile
Hyon Park	Chief Officer	Profile
Dary Kopelioff	Director	Profile
Chinwe Abaelu	Chief VP	Profile
Elizabeth Munoz	Chief Officer	Profile
Timothy Murphy	COO CFO	Profile
Anne Stephenson	Chief Merchandising and Product Officer	Profile

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