Dogness International Correlations

DOGZ Stock

USD 51.86 7.12 15.91%

The current 90-days correlation between Dogness International and JAKKS Pacific is 0.03 (i.e., Significant diversification). The correlation of Dogness International 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.

Dogness International Correlation With Market

Significant diversification

The correlation between Dogness International Corp and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dogness International Corp 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 Dogness International Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Dogness Stock

0.76	RL	Ralph Lauren Corp	Pair Corr
0.72	REE	Ree Automotive Holding Earnings Call Today	Pair Corr
0.61	UAA	Under Armour A Aggressive Push	Pair Corr

Moving against Dogness Stock

0.84	DOOO	BRP Inc Earnings Call Today	Pair Corr
0.79	SKX	Skechers USA	Pair Corr
0.71	CCS	Century Communities	Pair Corr
0.71	CRI	Carters	Pair Corr
0.68	DHI	DR Horton	Pair Corr
0.66	MTH	Meritage	Pair Corr
0.59	KBH	KB Home Fiscal Year End 8th of January 2025	Pair Corr
0.59	NKE	Nike Inc Aggressive Push	Pair Corr
0.56	TPH	TRI Pointe Homes	Pair Corr
0.46	BLD	Topbuild Corp	Pair Corr
0.46	DFH	Dream Finders Homes	Pair Corr
0.46	HAS	Hasbro Inc Sell-off Trend	Pair Corr
0.92	LIVE	Live Ventures Fiscal Year End 18th of December 2024	Pair Corr
0.74	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr
0.73	RCKY	Rocky Brands	Pair Corr
0.7	GV	Visionary Education	Pair Corr
0.69	JXJT	JX Luxventure Limited	Pair Corr
0.59	GOOS	Canada Goose Holdings	Pair Corr
0.57	LEGH	Legacy Housing Corp	Pair Corr
0.48	LGIH	LGI Homes	Pair Corr
0.4	AREBW	American Rebel Holdings	Pair Corr

Related Correlations Analysis

	ESCA	JAKK	CLAR	FUN	VSTO	HAS	BOWL	MAT	OSW	XPOF
ESCA		0.49	0.39	0.53	0.36	-0.48	0.33	-0.1	0.68	0.56	ESCA
JAKK	0.49		0.33	0.42	0.69	-0.53	-0.03	0.4	0.84	0.33	JAKK
CLAR	0.39	0.33		0.11	0.1	0.16	0.42	0.23	0.31	0.04	CLAR
FUN	0.53	0.42	0.11		0.19	-0.82	0.06	-0.1	0.54	0.72	FUN
VSTO	0.36	0.69	0.1	0.19		-0.38	0.27	0.04	0.8	0.27	VSTO
HAS	-0.48	-0.53	0.16	-0.82	-0.38		0.18	0.06	-0.6	-0.69	HAS
BOWL	0.33	-0.03	0.42	0.06	0.27	0.18		-0.25	0.31	0.24	BOWL
MAT	-0.1	0.4	0.23	-0.1	0.04	0.06	-0.25		0.03	-0.24	MAT
OSW	0.68	0.84	0.31	0.54	0.8	-0.6	0.31	0.03		0.56	OSW
XPOF	0.56	0.33	0.04	0.72	0.27	-0.69	0.24	-0.24	0.56		XPOF
	ESCA	JAKK	CLAR	FUN	VSTO	HAS	BOWL	MAT	OSW	XPOF

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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

OSW	+ 0.84	JAKK
OSW	+ 0.8	VSTO
XPOF	+ 0.72	FUN
VSTO	+ 0.69	JAKK
OSW	+ 0.68	ESCA
XPOF	+ 0.56	ESCA

High negative correlations

HAS	- 0.82	FUN
XPOF	- 0.69	HAS
OSW	- 0.6	HAS
HAS	- 0.53	JAKK
HAS	- 0.48	ESCA
HAS	- 0.38	VSTO

Risk-Adjusted Indicators

There is a big difference between Dogness Stock performing well and Dogness International 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 Dogness International'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
ESCA	2.22	0.00	0.02	0.12	3.27	(2.16)	5.20	(4.79)	16.07
JAKK	1.95	0.25	0.05	(16.37)	2.11	(2.03)	3.97	(3.44)	20.03
CLAR	1.93	(0.13)	(0.03)	0.03	2.72	(1.83)	4.24	(4.77)	12.96
FUN	1.64	(0.06)	(0.01)	0.08	2.01	(1.75)	3.54	(3.85)	9.00
VSTO	0.73	0.20	0.09	(4.64)	0.51	(0.95)	1.86	(1.42)	11.03
HAS	0.93	(0.10)	0.00	(0.69)	0.00	0.00	1.56	(1.52)	8.12
BOWL	2.44	(0.09)	(0.01)	0.06	2.58	(2.88)	6.61	(4.37)	16.04
MAT	1.31	(0.06)	0.00	0.89	0.00	0.00	2.93	(2.31)	11.42
OSW	1.22	0.18	0.14	0.25	1.12	(1.48)	3.27	(2.29)	8.13
XPOF	2.94	0.08	0.03	0.19	3.24	(3.16)	5.96	(5.55)	35.52

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