G III Correlations

GIII Stock

USD 26.20 0.45 1.69%

The current 90-days correlation between G III Apparel and Oxford Industries is 0.42 (i.e., Very weak diversification). The correlation of G III 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 Correlation With Market

Weak diversification

The correlation between G III Apparel Group and DJI is 0.38 (i.e., Weak 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in G III Apparel 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 gross domestic product.

Moving together with GIII Stock

0.92	UA	Under Armour C	Pair Corr
0.88	BZH	Beazer Homes USA	Pair Corr
0.75	CCS	Century Communities	Pair Corr
0.88	HOV	Hovnanian Enterprises	Pair Corr
0.83	KBH	KB Home	Pair Corr
0.84	KTB	Kontoor Brands	Pair Corr
0.85	MHO	MI Homes	Pair Corr
0.73	MTH	Meritage	Pair Corr
0.88	OXM	Oxford Industries Earnings Call This Week	Pair Corr
0.88	TPH	TRI Pointe Homes	Pair Corr
0.94	LGIH	LGI Homes	Pair Corr
0.9	LIVE	Live Ventures	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.83	RH	RH Earnings Call This Week	Pair Corr
0.82	ETSY	Etsy Inc	Pair Corr
0.9	XELB	Xcel Brands	Pair Corr
0.79	FND	Floor Decor Holdings	Pair Corr
0.65	LOW	Lowes Companies	Pair Corr
0.77	GLBE	Global E Online	Pair Corr
0.93	KIRK	Kirklands	Pair Corr
0.91	RENT	Rent the Runway	Pair Corr

Moving against GIII Stock

0.7	JD	JD Inc Adr	Pair Corr
0.83	YUM	Yum Brands	Pair Corr
0.78	MELI	MercadoLibre	Pair Corr
0.77	NATH	Nathans Famous	Pair Corr
0.74	PDD	PDD Holdings	Pair Corr
0.71	XOSWW	Xos Equity Warrants	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.6	PZZA	Papa Johns International	Pair Corr

Related Correlations Analysis

	OXM	ZGN	KTB	COLM	VNCE	GIL	PVH
OXM		0.48	0.91	0.4	0.6	-0.02	0.84	OXM
ZGN	0.48		0.68	0.62	0.23	0.64	0.27	ZGN
KTB	0.91	0.68		0.47	0.57	0.16	0.73	KTB
COLM	0.4	0.62	0.47		0.11	0.52	0.4	COLM
VNCE	0.6	0.23	0.57	0.11		-0.1	0.59	VNCE
GIL	-0.02	0.64	0.16	0.52	-0.1		-0.29	GIL
PVH	0.84	0.27	0.73	0.4	0.59	-0.29		PVH
	OXM	ZGN	KTB	COLM	VNCE	GIL	PVH

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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

KTB	+ 0.91	OXM
PVH	+ 0.84	OXM
PVH	+ 0.73	KTB
KTB	+ 0.68	ZGN
GIL	+ 0.64	ZGN
COLM	+ 0.62	ZGN

High negative correlations

PVH	- 0.29	GIL
GIL	- 0.1	VNCE
GIL	- 0.02	OXM

Risk-Adjusted Indicators

There is a big difference between GIII Stock performing well and G III 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'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OXM	1.89	(0.37)	0.00	(0.53)	0.00	0.00	4.12	(3.94)	15.93
ZGN	1.91	(0.20)	0.00	(0.24)	0.00	0.00	5.43	(3.58)	11.60
KTB	1.90	(0.40)	0.00	(0.48)	0.00	0.00	3.75	(3.96)	17.80
COLM	1.40	(0.18)	0.00	(0.50)	0.00	0.00	2.41	(3.37)	10.58
VNCE	8.25	1.39	0.18	1.54	7.12	(11.73)	13.67	(13.24)	93.72
GIL	1.14	(0.07)	0.00	(0.16)	0.00	0.00	2.54	(2.56)	8.64
PVH	1.74	(0.69)	0.00	(0.84)	0.00	0.00	2.44	(4.80)	10.85

G III Corporate Executives

Elected by the shareholders, the G III's board of directors comprises two types of representatives: G III inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GIII. The board's role is to monitor G III's management team and ensure that shareholders' interests are well served. G III'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's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Neal Nackman	CFO, Principal Accounting Officer and Treasurer	Profile
	Wayne Miller	COO and Secretary	Profile

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