G-III Apparel Correlations

Stocks . Germany . 
Stock . G III Apparel Group
GI4 Stock   24.40  0.60  2.52%   
The current 90-days correlation between G III Apparel and Spirent Communications plc is -0.11 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

G-III Apparel Correlation With Market

Modest diversification

The correlation between G III Apparel Group and DJI is 0.21 (i.e., Modest 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

  0.71APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.72APC Apple IncPairCorr
  0.69APC Apple IncPairCorr
  0.93MSF MicrosoftPairCorr
  0.93MSF MicrosoftPairCorr
  0.93MSF MicrosoftPairCorr
  0.93MSF MicrosoftPairCorr
  0.8TEY TeradynePairCorr
  0.7303F IDP EDUCATION LTDPairCorr
  0.86DBPD Xtrackers ShortDAXPairCorr

Moving against G-III Stock

  0.86DBPE Xtrackers LevDAXPairCorr
  0.7E908 Lyxor 1PairCorr
  0.65EUH Eurasia Mining PlcPairCorr

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   
HYEA
+ 0.82
AP2
ISHA
+ 0.69
1NX
CVB
+ 0.67
ISHA
CVB
+ 0.62
RKET
CVB
+ 0.59
BW8
RKET
+ 0.57
1NX
  
High negative correlations   
RKET
- 0.77
AP2
RKET
- 0.66
HYEA
CVB
- 0.61
AP2
BW8
- 0.58
AP2
HYEA
- 0.46
1NX
ISHA
- 0.43
AP2

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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