G-III APPAREL Correlations

GI4 Stock  EUR 29.60  0.80  2.63%   
The current 90-days correlation between G III APPAREL and New Residential Investment is 0.13 (i.e., Average diversification). The correlation of G-III APPAREL 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.

G-III APPAREL Correlation With Market

Good diversification

The correlation between G III APPAREL GROUP and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding G III APPAREL GROUP and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to G-III APPAREL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace G-III APPAREL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back G-III APPAREL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling G III APPAREL GROUP to buy it.

Moving together with G-III Stock

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  0.82APC Apple IncPairCorr
  0.81APC Apple IncPairCorr
  0.78APC Apple IncPairCorr
  0.79MSF MicrosoftPairCorr
  0.78MSF MicrosoftPairCorr
  0.8MSF MicrosoftPairCorr
  0.78MSF MicrosoftPairCorr
  0.79MSF MicrosoftPairCorr
  0.73AMZ Amazon IncPairCorr
  0.73DBPE Xtrackers LevDAXPairCorr
  0.7E908 Lyxor 1PairCorr

Moving against G-III Stock

  0.74DBPD Xtrackers ShortDAXPairCorr
  0.67PQ9 BANK MANDIRIPairCorr
  0.57BYRA BANK RAKYAT INDPairCorr
  0.55SSUN Samsung ElectronicsPairCorr
  0.55BYRA PT Bank RakyatPairCorr
  0.53PQ9 PT Bank MandiriPairCorr
  0.51SSUN Samsung ElectronicsPairCorr
  0.49BYRA BANK RAKYAT INDPairCorr
  0.47SSU Samsung ElectronicsPairCorr
  0.46SSU Samsung ElectronicsPairCorr
  0.37BYRA PT Bank RakyatPairCorr

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   
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ZSL14N1
1IZ114N1
SNB1ZSL
SNB114N1
SNB11IZ1
  
High negative correlations   
96WZSL
96W1IZ1
96WSNB1
96WEV9
96W14N1
96WTM5

Risk-Adjusted Indicators

There is a big difference between G-III Stock performing well and G-III APPAREL 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 G-III APPAREL'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in G-III APPAREL without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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