Deckers Outdoor Correlations

DO2 Stock

EUR 194.50 1.95 0.99%

The current 90-days correlation between Deckers Outdoor and United States Steel is 0.03 (i.e., Significant diversification). The correlation of Deckers Outdoor 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.

Deckers Outdoor Correlation With Market

Significant diversification

The correlation between Deckers Outdoor and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deckers Outdoor and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Deckers Outdoor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deckers Outdoor when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Deckers Outdoor - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Deckers Outdoor to buy it.

Moving together with Deckers Stock

0.8	PUMA	PUMA SE UNSPADR	Pair Corr
0.8	PUM	PUMA SE	Pair Corr
0.72	E908	Lyxor 1	Pair Corr

Moving against Deckers Stock

0.66	DBPD	Xtrackers ShortDAX	Pair Corr
0.62	BUU	DevEx Resources	Pair Corr

Related Correlations Analysis

	USX1	O3I	LB3C	4T0	RS6	VEFW	PFX1	0BK
USX1		0.49	-0.79	0.59	0.73	0.57	0.77	-0.14	USX1
O3I	0.49		-0.36	0.89	0.6	0.64	0.77	-0.21	O3I
LB3C	-0.79	-0.36		-0.5	-0.73	-0.58	-0.55	0.03	LB3C
4T0	0.59	0.89	-0.5		0.77	0.78	0.69	0.05	4T0
RS6	0.73	0.6	-0.73	0.77		0.89	0.56	0.27	RS6
VEFW	0.57	0.64	-0.58	0.78	0.89		0.4	0.33	VEFW
PFX1	0.77	0.77	-0.55	0.69	0.56	0.4		-0.43	PFX1
0BK	-0.14	-0.21	0.03	0.05	0.27	0.33	-0.43		0BK
	USX1	O3I	LB3C	4T0	RS6	VEFW	PFX1	0BK

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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

4T0	+ 0.89	O3I
VEFW	+ 0.89	RS6
VEFW	+ 0.78	4T0
PFX1	+ 0.77	USX1
PFX1	+ 0.77	O3I
RS6	+ 0.77	4T0

High negative correlations

LB3C	- 0.79	USX1
RS6	- 0.73	LB3C
VEFW	- 0.58	LB3C
PFX1	- 0.55	LB3C
4T0	- 0.5	LB3C
0BK	- 0.43	PFX1

Risk-Adjusted Indicators

There is a big difference between Deckers Stock performing well and Deckers Outdoor 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 Deckers Outdoor'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
USX1	1.77	(0.05)	(0.04)	0.00	2.31	(2.18)	3.97	(3.89)	17.91
O3I	1.04	0.30	0.16	(1.62)	0.85	(1.20)	2.83	(1.43)	6.73
LB3C	2.69	(0.05)	0.00	0.26	0.00	0.00	4.90	(5.84)	18.80
4T0	1.16	0.30	0.11	(2.47)	1.13	(1.58)	2.77	(2.44)	8.18
RS6	1.08	0.07	0.05	0.15	1.28	(1.18)	2.05	(2.75)	9.87
VEFW	0.64	0.24	0.25	1.24	0.26	(0.79)	1.48	(0.99)	5.17
PFX1	2.67	0.19	0.03	0.84	3.46	(2.89)	6.35	(5.13)	24.96
0BK	0.89	0.04	0.00	0.18	0.99	(1.10)	1.82	(1.71)	6.20

Be your own money manager

Our tools can tell you how much better you can do entering a position in Deckers Outdoor without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Deckers Outdoor Corporate Management

Elected by the shareholders, the Deckers Outdoor's board of directors comprises two types of representatives: Deckers Outdoor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Deckers. The board's role is to monitor Deckers Outdoor's management team and ensure that shareholders' interests are well served. Deckers Outdoor's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Deckers Outdoor's outside directors are responsible for providing unbiased perspectives on the board's policies.

Anne Spangenberg	Pres Lifestyle	Profile
Stefano Caroti	Pres OmniChannel	Profile
Pascale Meyran	Chief Officer	Profile
Steven Fasching	Chief Officer	Profile
Thomas Garcia	Chief Officer	Profile
Erinn Kohler	VP Planning	Profile
Angela Ogbechie	Chief Officer	Profile

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