Solo Brands Correlations

DTC Stock

USD 0.23 0.02 9.52%

The current 90-days correlation between Solo Brands and Liquidity Services is 0.11 (i.e., Average diversification). The correlation of Solo 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.

Solo Brands Correlation With Market

Average diversification

The correlation between Solo Brands and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solo 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 Solo 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 estimate.

For information on how to trade Solo Stock refer to our How to Trade Solo Stock guide.

Moving together with Solo Stock

0.76	BC	Brunswick	Pair Corr
0.72	UA	Under Armour C	Pair Corr
0.8	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.81	VMAR	Vision Marine Techno	Pair Corr
0.68	VUZI	Vuzix Corp Cmn	Pair Corr
0.77	WLDS	Wearable Devices	Pair Corr
0.7	EZGO	EZGO Technologies	Pair Corr
0.63	FEBO	Fenbo Holdings	Pair Corr
0.74	BZH	Beazer Homes USA	Pair Corr
0.61	CCS	Century Communities	Pair Corr
0.76	FOSL	Fossil Group	Pair Corr
0.86	CRI	Carters	Pair Corr
0.68	DHI	DR Horton	Pair Corr
0.8	HBI	Hanesbrands	Pair Corr
0.73	HOV	Hovnanian Enterprises	Pair Corr
0.67	KBH	KB Home	Pair Corr
0.82	KTB	Kontoor Brands	Pair Corr
0.67	LEN	Lennar	Pair Corr
0.64	MHO	MI Homes	Pair Corr
0.76	MOV	Movado Group Earnings Call This Week	Pair Corr
0.7	MPX	Marine Products	Pair Corr
0.63	MTH	Meritage	Pair Corr

Moving against Solo Stock

0.8	RGR	Sturm Ruger	Pair Corr
0.49	MAT	Mattel Inc	Pair Corr
0.42	HAS	Hasbro Inc	Pair Corr

Related Correlations Analysis

	OZON	QRTEB	HOUR	DIBS	BZUN	VIPS	LQDT	JD	NHTC	EMCMF
OZON		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OZON
QRTEB	0.0		0.31	-0.04	-0.68	-0.81	0.06	-0.75	-0.7	0.01	QRTEB
HOUR	0.0	0.31		0.24	-0.15	-0.31	0.2	-0.31	-0.11	0.03	HOUR
DIBS	0.0	-0.04	0.24		0.33	-0.25	0.45	-0.01	0.04	-0.03	DIBS
BZUN	0.0	-0.68	-0.15	0.33		0.57	0.15	0.63	0.45	-0.13	BZUN
VIPS	0.0	-0.81	-0.31	-0.25	0.57		-0.25	0.89	0.76	0.0	VIPS
LQDT	0.0	0.06	0.2	0.45	0.15	-0.25		-0.05	0.0	0.57	LQDT
JD	0.0	-0.75	-0.31	-0.01	0.63	0.89	-0.05		0.74	0.17	JD
NHTC	0.0	-0.7	-0.11	0.04	0.45	0.76	0.0	0.74		0.21	NHTC
EMCMF	0.0	0.01	0.03	-0.03	-0.13	0.0	0.57	0.17	0.21		EMCMF
	OZON	QRTEB	HOUR	DIBS	BZUN	VIPS	LQDT	JD	NHTC	EMCMF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

JD	+ 0.89	VIPS
NHTC	+ 0.76	VIPS
NHTC	+ 0.74	JD
JD	+ 0.63	BZUN
VIPS	+ 0.57	BZUN
EMCMF	+ 0.57	LQDT

High negative correlations

VIPS	- 0.81	QRTEB
JD	- 0.75	QRTEB
NHTC	- 0.7	QRTEB
BZUN	- 0.68	QRTEB
JD	- 0.31	HOUR
VIPS	- 0.31	HOUR

Risk-Adjusted Indicators

There is a big difference between Solo Stock performing well and Solo 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 Solo 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OZON	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QRTEB	4.01	(0.55)	0.00	(0.98)	0.00	0.00	7.87	(9.65)	28.95
HOUR	8.26	2.12	0.30	1.30	5.58	(13.50)	12.33	(10.27)	228.92
DIBS	2.11	(0.22)	0.00	(0.37)	0.00	0.00	3.50	(5.66)	13.76
BZUN	3.86	0.65	0.13	0.36	4.27	(4.48)	6.77	(7.17)	50.89
VIPS	2.16	0.39	0.18	0.41	2.01	(2.61)	5.76	(3.39)	11.07
LQDT	2.49	0.47	0.13	0.22	2.91	(2.61)	4.16	(5.65)	37.82
JD	2.51	0.31	0.11	0.28	2.74	(2.75)	5.22	(3.96)	17.44
NHTC	2.27	0.24	0.09	0.53	2.96	(2.29)	5.20	(4.92)	12.97
EMCMF	8.93	4.03	0.00	0.82	0.00	0.00	0.00	0.00	358.41

Solo Brands Corporate Management

Kent Christensen	General Counsel	Profile
John Merris	CEO Pres	Profile
Matthew Webb	Chief Officer	Profile
Michael Studdard	Chief Officer	Profile
Mike Murray	Chief Officer	Profile
Thomas Montgomery	Chief Officer	Profile

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