Designer Brands Correlations

DBI Stock

USD 4.04 0.24 6.32%

The current 90-days correlation between Designer Brands and Wolverine World Wide is 0.1 (i.e., Average diversification). The correlation of Designer Brands 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.

Designer Brands Correlation With Market

Average diversification

The correlation between Designer Brands 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 Designer Brands and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Designer Brands. 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 labor statistics.

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

Moving together with Designer Stock

0.85	W	Wayfair Buyout Trend	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.8	LE	Lands End Earnings Call This Week	Pair Corr
0.92	RH	RH Earnings Call This Week	Pair Corr
0.78	DLTH	Duluth Holdings	Pair Corr
0.8	WEYS	Weyco Group	Pair Corr
0.8	ETSY	Etsy Inc	Pair Corr
0.85	FIVE	Five Below	Pair Corr
0.74	FLWS	1 800 FLOWERSCOM	Pair Corr
0.75	AAP	Advance Auto Parts	Pair Corr
0.73	FNKO	Funko Inc	Pair Corr
0.77	CAL	Continental	Pair Corr
0.69	DKS	Dicks Sporting Goods	Pair Corr
0.75	GAP	Gap, Symbol Change	Pair Corr
0.88	GCO	Genesco	Pair Corr
0.76	GCT	GigaCloud Technology	Pair Corr
0.85	GES	Guess Inc	Pair Corr
0.77	LAD	Lithia Motors	Pair Corr
0.75	LOW	Lowes Companies	Pair Corr
0.83	GLBE	Global E Online	Pair Corr
0.76	ZUMZ	Zumiez Inc Downward Rally	Pair Corr
0.9	JMIA	Jumia Technologies	Pair Corr

Moving against Designer Stock

0.86	VIPS	Vipshop Holdings	Pair Corr
0.82	AZO	AutoZone	Pair Corr
0.7	JD	JD Inc Adr	Pair Corr
0.69	GPC	Genuine Parts	Pair Corr
0.68	PDD	PDD Holdings Aggressive Push	Pair Corr
0.64	EYE	National Vision Holdings	Pair Corr
0.88	BABA	Alibaba Group Holding	Pair Corr
0.72	ORLY	OReilly Automotive	Pair Corr
0.66	MELI	MercadoLibre	Pair Corr
0.39	BZUN	Baozun Inc	Pair Corr

Related Correlations Analysis

	WWW	WEYS	SHOO	RCKY	CAL	VRA
WWW		0.72	0.89	0.78	0.78	0.89	WWW
WEYS	0.72		0.91	0.81	0.56	0.78	WEYS
SHOO	0.89	0.91		0.85	0.76	0.9	SHOO
RCKY	0.78	0.81	0.85		0.4	0.8	RCKY
CAL	0.78	0.56	0.76	0.4		0.73	CAL
VRA	0.89	0.78	0.9	0.8	0.73		VRA
	WWW	WEYS	SHOO	RCKY	CAL	VRA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Designer Stock performing well and Designer Brands 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 Designer Brands' 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
WWW	1.90	(0.71)	(0.95)	2.73	(4.81)	20.32
WEYS	1.54	(0.21)	(0.34)	3.20	(2.99)	9.25
SHOO	1.49	(0.68)	(0.79)	1.82	(4.79)	13.44
RCKY	1.95	(0.23)	(0.23)	2.65	(4.80)	16.71
CAL	2.01	(0.49)	(0.69)	3.21	(4.81)	13.39
VRA	3.62	(0.68)	(0.48)	6.33	(8.10)	23.24

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