Destination Correlations

DXLG Stock

USD 1.71 0.05 2.84%

The current 90-days correlation between Destination XL Group and Cato Corporation is -0.15 (i.e., Good diversification). The correlation of Destination 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.

Destination Correlation With Market

Modest diversification

The correlation between Destination XL Group and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destination XL Group 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 Destination XL Group. 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 Destination Stock

0.61	M	Macys Inc	Pair Corr
0.85	W	Wayfair Buyout Trend	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.91	RH	RH Earnings Call This Week	Pair Corr
0.79	VSCO	Victorias Secret	Pair Corr
0.81	WEYS	Weyco Group	Pair Corr
0.69	ETSY	Etsy Inc	Pair Corr
0.76	WOOF	Pet Acquisition LLC	Pair Corr
0.79	ASO	Academy Sports Outdoors	Pair Corr
0.64	BBY	Best Buy	Pair Corr
0.8	DDS	Dillards	Pair Corr
0.87	DKS	Dicks Sporting Goods	Pair Corr
0.71	XELB	Xcel Brands	Pair Corr
0.77	FND	Floor Decor Holdings	Pair Corr
0.79	KSS	Kohls Corp	Pair Corr
0.82	LOW	Lowes Companies	Pair Corr
0.73	WSM	Williams Sonoma	Pair Corr
0.86	GLBE	Global E Online	Pair Corr
0.82	JMIA	Jumia Technologies	Pair Corr
0.74	KIRK	Kirklands	Pair Corr
0.86	RENT	Rent the Runway	Pair Corr
0.92	BOOT	Boot Barn Holdings	Pair Corr
0.65	CHWY	Chewy Inc Buyout Trend	Pair Corr
0.8	ULTA	Ulta Beauty	Pair Corr

Moving against Destination Stock

0.74	AZO	AutoZone	Pair Corr
0.73	VIPS	Vipshop Holdings	Pair Corr
0.59	PDD	PDD Holdings Aggressive Push	Pair Corr
0.55	ORLY	OReilly Automotive	Pair Corr
0.53	JD	JD Inc Adr	Pair Corr
0.51	MELI	MercadoLibre	Pair Corr
0.44	GRPN	Groupon	Pair Corr
0.82	IH	Ihuman Inc	Pair Corr
0.78	BABA	Alibaba Group Holding	Pair Corr
0.37	GHC	Graham Holdings	Pair Corr
0.36	DAO	Youdao Inc	Pair Corr
0.35	DPZ	Dominos Pizza Common	Pair Corr

Related Correlations Analysis

	CATO	ZUMZ	TLYS	DLTH	LE	CTRN	SCVL	HIBB	GCO	BKE
CATO		0.82	0.3	0.64	0.74	0.63	0.84	0.0	0.74	0.86	CATO
ZUMZ	0.82		0.24	0.65	0.82	0.46	0.93	0.0	0.65	0.81	ZUMZ
TLYS	0.3	0.24		0.58	0.47	0.7	0.3	0.0	0.72	0.56	TLYS
DLTH	0.64	0.65	0.58		0.78	0.64	0.73	0.0	0.79	0.76	DLTH
LE	0.74	0.82	0.47	0.78		0.57	0.89	0.0	0.75	0.89	LE
CTRN	0.63	0.46	0.7	0.64	0.57		0.48	0.0	0.87	0.7	CTRN
SCVL	0.84	0.93	0.3	0.73	0.89	0.48		0.0	0.67	0.88	SCVL
HIBB	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HIBB
GCO	0.74	0.65	0.72	0.79	0.75	0.87	0.67	0.0		0.87	GCO
BKE	0.86	0.81	0.56	0.76	0.89	0.7	0.88	0.0	0.87		BKE
	CATO	ZUMZ	TLYS	DLTH	LE	CTRN	SCVL	HIBB	GCO	BKE

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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

SCVL	+ 0.93	ZUMZ
SCVL	+ 0.89	LE
BKE	+ 0.89	LE
BKE	+ 0.88	SCVL
GCO	+ 0.87	CTRN
BKE	+ 0.87	GCO

High negative correlations

BKE	- 0.0	HIBB
GCO	- 0.0	HIBB
HIBB	- 0.0	SCVL
HIBB	- 0.0	CTRN
HIBB	- 0.0	LE
HIBB	- 0.0	DLTH

Risk-Adjusted Indicators

There is a big difference between Destination Stock performing well and Destination 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 Destination'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
CATO	2.82	0.13	0.06	0.65	2.93	(3.34)	7.36	(4.26)	16.95
ZUMZ	2.34	(0.36)	0.00	(0.39)	0.00	0.00	4.54	(5.01)	16.30
TLYS	2.94	(0.43)	0.00	(0.49)	0.00	0.00	6.52	(7.58)	27.67
DLTH	2.33	(0.63)	0.00	(0.79)	0.00	0.00	6.55	(5.50)	23.15
LE	2.17	(0.37)	0.00	(0.34)	0.00	0.00	3.53	(3.64)	24.25
CTRN	2.63	(0.11)	0.00	(0.15)	0.00	0.00	4.31	(5.96)	24.44
SCVL	1.95	(0.64)	0.00	(1.44)	0.00	0.00	3.24	(4.74)	10.20
HIBB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCO	2.66	(0.82)	0.00	(0.53)	0.00	0.00	5.07	(6.50)	22.52
BKE	1.37	(0.28)	0.00	(0.36)	0.00	0.00	2.25	(3.03)	5.86

Destination Corporate Management

Robert Molloy	Sr. VP, General Counsel and Secretary	Profile
Stacey Jones	Chief Officer	Profile
James Reath	Chief Officer	Profile
Jim Reath	Chief Officer	Profile

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