Genesco Correlations

GCO Stock

USD 21.76 1.05 5.07%

The current 90-days correlation between Genesco and Citi Trends is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Genesco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genesco moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Genesco Correlation With Market

Weak diversification

The correlation between Genesco and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genesco and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genesco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Genesco Stock, please use our How to Invest in Genesco guide.

Moving together with Genesco Stock

0.63	M	Macys Inc	Pair Corr
0.85	W	Wayfair	Pair Corr
0.77	BQ	Boqii Holding Limited	Pair Corr
0.8	FL	Foot Locker	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.68	LE	Lands End Earnings Call This Week	Pair Corr
0.94	RH	RH	Pair Corr
0.64	DLTH	Duluth Holdings	Pair Corr
0.83	DXLG	Destination XL Group Earnings Call Tomorrow	Pair Corr
0.86	VSCO	Victorias Secret Buyout Trend	Pair Corr
0.83	EDUC	Educational Development	Pair Corr
0.83	WEYS	Weyco Group	Pair Corr
0.8	ETSY	Etsy Inc	Pair Corr
0.87	WINA	Winmark	Pair Corr
0.73	WOOF	Pet Acquisition LLC	Pair Corr
0.76	WRBY	Warby Parker Sell-off Trend	Pair Corr
0.79	FIVE	Five Below Earnings Call Today	Pair Corr
0.75	FLWS	1 800 FLOWERSCOM Downward Rally	Pair Corr
0.73	AAP	Advance Auto Parts	Pair Corr
0.88	AEO	American Eagle Outfitters Buyout Trend	Pair Corr
0.8	AKA	AKA Brands Holding	Pair Corr
0.78	ANF	Abercrombie Fitch	Pair Corr
0.76	ASO	Academy Sports Outdoors Earnings Call Tomorrow	Pair Corr
0.68	AZI	Autozi Internet Tech	Pair Corr
0.85	FNKO	Funko Inc	Pair Corr
0.61	BBW	Build A Bear	Pair Corr
0.73	BBY	Best Buy	Pair Corr
0.66	BGI	Birks Group	Pair Corr
0.87	BKE	Buckle Inc	Pair Corr

Moving against Genesco Stock

0.76	VIPS	Vipshop Holdings	Pair Corr
0.48	JD	JD Inc Adr Aggressive Push	Pair Corr
0.75	AZO	AutoZone	Pair Corr

Related Correlations Analysis

	CTRN	HIBB	BKE	ZUMZ	CATO	SCVL	TLYS	JILL	BURL
CTRN		0.0	0.57	0.31	0.64	0.33	0.54	0.72	0.44	CTRN
HIBB	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HIBB
BKE	0.57	0.0		0.81	0.82	0.88	0.39	0.94	0.94	BKE
ZUMZ	0.31	0.0	0.81		0.65	0.92	0.09	0.7	0.77	ZUMZ
CATO	0.64	0.0	0.82	0.65		0.77	0.21	0.8	0.77	CATO
SCVL	0.33	0.0	0.88	0.92	0.77		0.09	0.73	0.88	SCVL
TLYS	0.54	0.0	0.39	0.09	0.21	0.09		0.53	0.38	TLYS
JILL	0.72	0.0	0.94	0.7	0.8	0.73	0.53		0.86	JILL
BURL	0.44	0.0	0.94	0.77	0.77	0.88	0.38	0.86		BURL
	CTRN	HIBB	BKE	ZUMZ	CATO	SCVL	TLYS	JILL	BURL

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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

JILL	+ 0.94	BKE
BURL	+ 0.94	BKE
SCVL	+ 0.92	ZUMZ
SCVL	+ 0.88	BKE
BURL	+ 0.88	SCVL
BURL	+ 0.86	JILL

High negative correlations

BURL	- 0.0	HIBB
JILL	- 0.0	HIBB
TLYS	- 0.0	HIBB
SCVL	- 0.0	HIBB
CATO	- 0.0	HIBB
ZUMZ	- 0.0	HIBB

Risk-Adjusted Indicators

There is a big difference between Genesco Stock performing well and Genesco 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 Genesco'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CTRN	2.49	(0.11)	(0.19)	3.23	(5.96)	24.44
HIBB	0.00	0.00	0.00	0.00	0.00	0.00
BKE	1.30	(0.39)	(0.55)	2.14	(3.03)	5.86
ZUMZ	2.25	(0.58)	(0.72)	3.80	(5.74)	16.30
CATO	2.63	(0.13)	(0.66)	6.16	(4.26)	16.95
SCVL	1.97	(0.59)	(1.46)	3.89	(4.74)	10.29
TLYS	3.00	(0.62)	(0.72)	6.52	(7.58)	27.67
JILL	1.87	(0.43)	(0.50)	3.60	(5.06)	10.29
BURL	1.72	(0.28)	(0.61)	2.90	(3.62)	15.50

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