Johnson Outdoors Correlations

JOUT Stock

USD 24.79 0.02 0.08%

The current 90-days correlation between Johnson Outdoors and Planet Fitness is 0.09 (i.e., Significant diversification). The correlation of Johnson Outdoors 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.

Johnson Outdoors Correlation With Market

Modest diversification

The correlation between Johnson Outdoors and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Outdoors 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 Johnson Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Johnson Stock please use our How to Invest in Johnson Outdoors guide.

Moving together with Johnson Stock

0.88	CRI	Carters	Pair Corr
0.83	DHI	DR Horton	Pair Corr
0.84	DTC	Solo Brands	Pair Corr
0.79	KTB	Kontoor Brands	Pair Corr
0.89	LEN	Lennar	Pair Corr
0.91	NVR	NVR Inc	Pair Corr
0.9	OXM	Oxford Industries Earnings Call This Week	Pair Corr
0.77	PHM	PulteGroup	Pair Corr
0.73	SKX	Skechers USA	Pair Corr
0.85	VRA	Vera Bradley	Pair Corr
0.9	WWW	Wolverine World Wide	Pair Corr
0.71	GOLF	Acushnet Holdings Corp	Pair Corr
0.75	ONON	On Holding	Pair Corr
0.67	RCKY	Rocky Brands	Pair Corr
0.9	SHOO	Steven Madden	Pair Corr
0.94	DECK	Deckers Outdoor	Pair Corr
0.72	WEYS	Weyco Group	Pair Corr
0.61	AAP	Advance Auto Parts	Pair Corr

Moving against Johnson Stock

0.7	MAT	Mattel Inc	Pair Corr
0.62	HAS	Hasbro Inc	Pair Corr
0.87	VIPS	Vipshop Holdings	Pair Corr
0.85	AZO	AutoZone	Pair Corr
0.85	YUM	Yum Brands	Pair Corr
0.82	LNW	Light Wonder	Pair Corr
0.81	PDD	PDD Holdings Aggressive Push	Pair Corr
0.8	AGS	PlayAGS	Pair Corr
0.77	JD	JD Inc Adr	Pair Corr
0.75	LTH	Life Time Group	Pair Corr
0.72	GPC	Genuine Parts	Pair Corr
0.7	EVRI	Everi Holdings	Pair Corr
0.7	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	PLNT	FNKO	CLAR	FUN	AOUT	OSW	ESCA
PLNT		0.51	0.5	0.31	0.6	0.62	0.08	PLNT
FNKO	0.51		0.81	0.83	0.85	0.76	0.01	FNKO
CLAR	0.5	0.81		0.66	0.86	0.85	0.37	CLAR
FUN	0.31	0.83	0.66		0.58	0.56	-0.21	FUN
AOUT	0.6	0.85	0.86	0.58		0.85	0.33	AOUT
OSW	0.62	0.76	0.85	0.56	0.85		0.25	OSW
ESCA	0.08	0.01	0.37	-0.21	0.33	0.25		ESCA
	PLNT	FNKO	CLAR	FUN	AOUT	OSW	ESCA

Click cells to compare fundamentals

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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

AOUT	+ 0.86	CLAR
AOUT	+ 0.85	FNKO
OSW	+ 0.85	CLAR
OSW	+ 0.85	AOUT
FUN	+ 0.83	FNKO
CLAR	+ 0.81	FNKO

High negative correlations

ESCA

- 0.21

FUN

Risk-Adjusted Indicators

There is a big difference between Johnson Stock performing well and Johnson Outdoors 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 Johnson Outdoors' 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
PLNT	1.49	0.04	0.03	0.01	2.27	(1.56)	3.05	(2.80)	12.63
FNKO	2.39	(0.59)	0.00	(0.59)	0.00	0.00	3.88	(5.36)	21.57
CLAR	1.94	(0.29)	0.00	(0.35)	0.00	0.00	4.02	(3.50)	14.81
FUN	2.07	(0.19)	0.00	(0.19)	0.00	0.00	4.52	(4.95)	15.35
AOUT	2.55	(0.04)	0.00	(0.09)	0.00	0.00	5.86	(6.38)	19.63
OSW	1.72	(0.09)	0.00	(0.13)	0.00	0.00	3.41	(4.33)	13.78
ESCA	1.88	0.05	0.00	(0.02)	0.00	0.00	3.18	(4.31)	11.14

Johnson Outdoors Corporate Management

Khalaf Khalaf	Chief Secretary	Profile
Karen James	VP Operations	Profile
Allison Kitzerow	Communications Mang	Profile
John Moon	Chief VP	Profile
Patricia Penman	Vice Communication	Profile

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