Fossil Correlations

Stocks . USA . 
Stock . Fossil Group
FOSL Stock  USD 1.46  0.03  2.01%   
The current 90-days correlation between Fossil Group and Oxford Industries is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fossil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fossil Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fossil Correlation With Market

Good diversification

The correlation between Fossil Group and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fossil 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 Fossil 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 state.

Moving together with Fossil Stock

  0.75RL Ralph Lauren CorpPairCorr
  0.64UA Under Armour CPairCorr
  0.73KTB Kontoor BrandsPairCorr
  0.71PVH PVH Corp Earnings Call This WeekPairCorr
  0.65REE Ree Automotive HoldingPairCorr
  0.7UAA Under Armour A Aggressive PushPairCorr
  0.67JAKK JAKKS PacificPairCorr
  0.7LULU Lululemon Athletica Earnings Call This WeekPairCorr

Moving against Fossil Stock

  0.72FEBO Fenbo HoldingsPairCorr
  0.6DOOO BRP IncPairCorr
  0.59EZGO EZGO TechnologiesPairCorr
  0.45WTO UTime LimitedPairCorr
  0.33SKX Skechers USAPairCorr
  0.64LIVE Live Ventures Fiscal Year End 18th of December 2024 PairCorr
  0.63RCKY Rocky BrandsPairCorr
  0.61CTHR Charles ColvardPairCorr
  0.58JOUT Johnson Outdoors Earnings Call This WeekPairCorr
  0.56GV Visionary EducationPairCorr
  0.47ISPOW Thayer Ventures AcquPairCorr
  0.47TH Target Hospitality CorpPairCorr
  0.46LANV Lanvin Group HoldingsPairCorr
  0.45JXJT JX Luxventure LimitedPairCorr
  0.43LEVI Levi Strauss Fiscal Year End 23rd of January 2025 PairCorr

Related Correlations Analysis

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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   
OXM
+ 0.61
LEVI
VNCE
+ 0.54
LEVI
OXM
+ 0.33
COLM
VNCE
+ 0.3
GIII
COLM
+ 0.21
VFC
GIII
+ 0.11
VFC
  
High negative correlations   
OXM
- 0.39
VFC
LEVI
- 0.26
VFC
VNCE
- 0.15
COLM
GIII
- 0.13
OXM
COLM
- 0.05
LEVI

Risk-Adjusted Indicators

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

Fossil Corporate Management

Andrew SkobeInterim OfficerProfile
Holly BriedisExecutive OfficerProfile
Kosta KartsotisExecutive OfficerProfile
James WebbChief OfficerProfile
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