Foot Locker Correlations

Stocks . USA . 
Stock . Foot Locker
FL Stock  USD 16.54  0.03  0.18%   
The current 90-days correlation between Foot Locker and Abercrombie Fitch is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Foot Locker moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foot Locker moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Foot Locker Correlation With Market

Very weak diversification

The correlation between Foot Locker and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foot Locker 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 Foot Locker. 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.
For more information on how to buy Foot Stock please use our How to buy in Foot Stock guide.

Moving together with Foot Stock

  0.8M Macys IncPairCorr
  0.74W WayfairPairCorr
  0.86LE Lands End Earnings Call This WeekPairCorr
  0.8RH RH Earnings Call This WeekPairCorr
  0.8DLTH Duluth HoldingsPairCorr
  0.68DXLG Destination XL Group Earnings Call TodayPairCorr
  0.93VSCO Victorias SecretPairCorr
  0.82EDUC Educational DevelopmentPairCorr
  0.71WEYS Weyco GroupPairCorr
  0.77ETSY Etsy IncPairCorr
  0.91WINA WinmarkPairCorr
  0.78EVGO Evgo IncPairCorr
  0.91WOOF Pet Acquisition LLCPairCorr
  0.93FIVE Five BelowPairCorr
  0.89AEO American Eagle OutfittersPairCorr
  0.89AKA AKA Brands HoldingPairCorr
  0.93ANF Abercrombie FitchPairCorr
  0.9ASO Academy Sports Outdoors Earnings Call TodayPairCorr
  0.83AZI Autozi Internet TechPairCorr
  0.76BBW Build A BearPairCorr
  0.77BGI Birks GroupPairCorr
  0.92BKE Buckle IncPairCorr
  0.89CAL ContinentalPairCorr

Moving against Foot Stock

  0.85VIPS Vipshop HoldingsPairCorr
  0.76JD JD Inc Adr Sell-off TrendPairCorr
  0.5EBAY eBay IncPairCorr
  0.39YJ Yunji Inc Earnings Call TodayPairCorr
  0.82AZO AutoZonePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
AEO
+ 0.88
ANF
AEO
+ 0.85
PLCE
PLCE
+ 0.75
ANF
AEO
+ 0.34
URBN
URBN
+ 0.29
ANF
PLCE
+ 0.04
URBN
  
High negative correlations   
AEO
- 0.0
GPS
PLCE
- 0.0
GPS
URBN
- 0.0
GPS
GPS
- 0.0
ANF

Risk-Adjusted Indicators

There is a big difference between Foot Stock performing well and Foot Locker 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 Foot Locker'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY