G-III Apparel Correlations

GI4 Stock  EUR 24.40  0.60  2.52%   
The current 90-days correlation between G III Apparel and Yuexiu Transport Infrastructure is 0.01 (i.e., Significant 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

Average diversification

The correlation between G III Apparel Group and DJI is 0.16 (i.e., Average 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

  0.8TCID Telkom Indonesia Tbk Earnings Call TomorrowPairCorr
  0.83PTI Perusahaan Perseroan Earnings Call TomorrowPairCorr
  0.81TCID Telkom Indonesia Tbk Earnings Call TomorrowPairCorr

Moving against G-III Stock

  0.69MOV Moncler SpAPairCorr
  0.92TKA thyssenkrupp AGPairCorr
  0.883RE Rejlerkoncernen ABPairCorr
  0.86GIS General MillsPairCorr
  0.8PEH PEH WERTPAPIERPairCorr
  0.63ECHA Ecopetrol SAPairCorr
  0.624QH VINCO FINANCIAL GRPPairCorr
  0.61PKX POSCO HoldingsPairCorr
  0.51MRG Outcrop Silver GoldPairCorr
  0.49HUKI HUHTAMAKIPairCorr
  0.44MN4 MANAS RESPairCorr
  0.93RHM Rheinmetall AGPairCorr
  0.93JYS1 JYSKE BANKPairCorr
  0.9KONN Komercn banka asPairCorr
  0.9DUBA DRDGoldPairCorr
  0.81SLW1 Swiss Life HoldingPairCorr
  0.77B4B3 Metro AGPairCorr
  0.75BTQ BT Group plcPairCorr
  0.75TLLB Trelleborg ABPairCorr

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   
76216U
3FNACPW
I43CPW
GZ316U
762GZ3
I433FNA
  
High negative correlations   
I4316U
CPW16U
3FNA16U
3FNAGZ3
I43GZ3
I43762

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.

Did you try this?

Run Volatility Analysis Now

   

Volatility Analysis

Get historical volatility and risk analysis based on latest market data
All  Next Launch Module

G-III Apparel Corporate Management

Elected by the shareholders, the G-III Apparel's board of directors comprises two types of representatives: G-III Apparel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of G-III. The board's role is to monitor G-III Apparel's management team and ensure that shareholders' interests are well served. G-III Apparel's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, G-III Apparel's outside directors are responsible for providing unbiased perspectives on the board's policies.