Delta Apparel Correlations

Summary

DLADelisted Stock

USD 0.05 0.00 0.00%

The current 90-days correlation between Delta Apparel and Vince Holding Corp is 0.15 (i.e., Average diversification). The correlation of Delta Apparel 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.

Delta Apparel Correlation With Market

Average diversification

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

Check out Investing Opportunities to better understand how to build diversified portfolios. 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.

Moving together with Delta Stock

0.64	HPQ	HP Inc	Pair Corr
0.69	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.65	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.77	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.79	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.69	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.83	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Delta Stock

0.94	BKSY	Blacksky Technology	Pair Corr
0.89	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.88	DIS	Walt Disney	Pair Corr
0.86	SHOP	Shopify	Pair Corr
0.84	TDUP	ThredUp	Pair Corr
0.8	AAPL	Apple Inc	Pair Corr
0.77	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.75	FSLY	Fastly Inc	Pair Corr
0.73	T	ATT Inc Sell-off Trend	Pair Corr
0.66	BAC	Bank of America Earnings Call This Week	Pair Corr
0.66	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.55	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	LAKE	VNCE	JRSH	GIII	GIL	SGC	JXJT	OXM	COLM	KTB
LAKE		0.61	0.82	0.57	-0.17	0.47	-0.83	0.64	0.53	0.43	LAKE
VNCE	0.61		0.36	0.29	-0.61	-0.05	-0.54	0.17	0.1	-0.04	VNCE
JRSH	0.82	0.36		0.51	0.14	0.69	-0.86	0.72	0.75	0.72	JRSH
GIII	0.57	0.29	0.51		-0.19	0.36	-0.38	0.63	0.58	0.21	GIII
GIL	-0.17	-0.61	0.14	-0.19		0.48	-0.03	0.13	0.26	0.56	GIL
SGC	0.47	-0.05	0.69	0.36	0.48		-0.64	0.68	0.8	0.88	SGC
JXJT	-0.83	-0.54	-0.86	-0.38	-0.03	-0.64		-0.58	-0.63	-0.67	JXJT
OXM	0.64	0.17	0.72	0.63	0.13	0.68	-0.58		0.79	0.61	OXM
COLM	0.53	0.1	0.75	0.58	0.26	0.8	-0.63	0.79		0.79	COLM
KTB	0.43	-0.04	0.72	0.21	0.56	0.88	-0.67	0.61	0.79		KTB
	LAKE	VNCE	JRSH	GIII	GIL	SGC	JXJT	OXM	COLM	KTB

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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	+ 0.88	SGC
JRSH	+ 0.82	LAKE
COLM	+ 0.8	SGC
COLM	+ 0.79	OXM
KTB	+ 0.79	COLM
COLM	+ 0.75	JRSH

High negative correlations

JXJT	- 0.86	JRSH
JXJT	- 0.83	LAKE
KTB	- 0.67	JXJT
JXJT	- 0.64	SGC
COLM	- 0.63	JXJT
GIL	- 0.61	VNCE

Risk-Adjusted Indicators

There is a big difference between Delta Stock performing well and Delta Apparel 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 Delta Apparel'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
LAKE	1.88	0.41	0.19	2.05	1.78	(2.22)	5.13	(3.95)	10.80
VNCE	6.16	1.83	0.29	(5.46)	4.78	(9.25)	11.11	(7.37)	93.38
JRSH	1.09	0.22	0.12	(148.39)	1.33	(1.32)	2.44	(2.03)	16.29
GIII	1.78	0.21	0.12	2.53	1.68	(2.17)	4.18	(2.49)	14.34
GIL	0.74	(0.01)	(0.01)	(0.02)	1.04	(0.68)	1.66	(1.52)	5.28
SGC	1.50	0.06	0.03	0.17	1.92	(1.53)	3.24	(2.76)	13.85
JXJT	3.73	(1.01)	0.00	(5.44)	0.00	0.00	6.56	(10.19)	31.10
OXM	1.75	0.14	0.06	0.32	2.01	(2.21)	3.84	(2.79)	13.68
COLM	1.24	0.04	0.02	0.10	1.61	(1.18)	2.60	(2.67)	8.97
KTB	1.41	0.18	0.10	0.23	1.66	(1.51)	3.18	(2.65)	16.48

Delta Apparel Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Delta Apparel stock to make a market-neutral strategy. Peer analysis of Delta Apparel could also be used in its relative valuation, which is a method of valuing Delta Apparel by comparing valuation metrics with similar companies.

Lakeland Industries Vince Holding Corp Jerash Holdings G III Apparel Group Gildan Activewear Superior Uniform Group JX Luxventure Limited Oxford Industries Columbia Sportswear Kontoor Brands American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Still Interested in Delta Apparel?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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