On Holding Correlations

ONON Stock

USD 48.40 0.35 0.72%

The current 90-days correlation between On Holding and Crocs Inc is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as On Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if On Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

On Holding Correlation With Market

Weak diversification

The correlation between On Holding and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding On Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in On Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in ONON Stock, please use our How to Invest in On Holding guide.

Moving together with ONON Stock

0.66	KTB	Kontoor Brands Earnings Call Today	Pair Corr
0.7	SKX	Skechers USA	Pair Corr
0.76	WWW	Wolverine World Wide	Pair Corr

Moving against ONON Stock

0.42	MAT	Mattel Inc	Pair Corr
0.33	TPR	Tapestry	Pair Corr
0.41	JRSH	Jerash Holdings	Pair Corr
0.37	SONY	Sony Group Corp	Pair Corr

Related Correlations Analysis

	CROX	SKX	NKE	DBI	DECK	SHOO	ADDYY	WWW	WEYS	RCKY
CROX		0.09	0.47	0.39	0.44	0.58	-0.5	0.17	0.05	-0.18	CROX
SKX	0.09		-0.08	0.45	0.54	0.03	0.2	0.43	-0.2	0.69	SKX
NKE	0.47	-0.08		-0.02	-0.02	0.47	-0.17	-0.08	0.05	-0.08	NKE
DBI	0.39	0.45	-0.02		0.64	0.44	-0.19	0.43	-0.26	0.15	DBI
DECK	0.44	0.54	-0.02	0.64		0.64	-0.38	0.84	-0.04	0.05	DECK
SHOO	0.58	0.03	0.47	0.44	0.64		-0.54	0.62	-0.15	-0.42	SHOO
ADDYY	-0.5	0.2	-0.17	-0.19	-0.38	-0.54		-0.3	0.08	0.57	ADDYY
WWW	0.17	0.43	-0.08	0.43	0.84	0.62	-0.3		-0.14	-0.1	WWW
WEYS	0.05	-0.2	0.05	-0.26	-0.04	-0.15	0.08	-0.14		0.14	WEYS
RCKY	-0.18	0.69	-0.08	0.15	0.05	-0.42	0.57	-0.1	0.14		RCKY
	CROX	SKX	NKE	DBI	DECK	SHOO	ADDYY	WWW	WEYS	RCKY

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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

WWW	+ 0.84	DECK
RCKY	+ 0.69	SKX
DECK	+ 0.64	DBI
SHOO	+ 0.64	DECK
WWW	+ 0.62	SHOO
SHOO	+ 0.58	CROX

High negative correlations

ADDYY	- 0.54	SHOO
ADDYY	- 0.5	CROX
RCKY	- 0.42	SHOO
ADDYY	- 0.38	DECK
WWW	- 0.3	ADDYY
WEYS	- 0.26	DBI

Risk-Adjusted Indicators

There is a big difference between ONON Stock performing well and On Holding 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 On Holding'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
CROX	2.13	0.15	0.06	0.15	2.18	(2.59)	3.86	(4.12)	25.75
SKX	1.67	0.04	0.01	0.04	2.97	(1.59)	2.93	(3.66)	18.16
NKE	1.40	0.14	0.09	0.25	1.47	(1.59)	3.29	(2.64)	7.55
DBI	3.58	(0.02)	0.00	0.05	0.00	0.00	9.40	(6.05)	22.01
DECK	1.90	(0.28)	0.00	(0.24)	0.00	0.00	2.77	(3.92)	26.13
SHOO	1.24	(0.16)	0.00	0.72	0.00	0.00	2.43	(2.69)	11.28
ADDYY	1.38	0.19	0.12	0.28	1.48	(1.55)	3.26	(2.67)	9.96
WWW	2.02	(0.52)	0.00	(0.65)	0.00	0.00	2.73	(4.81)	23.32
WEYS	1.51	(0.03)	0.00	(0.05)	0.00	0.00	3.32	(2.99)	9.09
RCKY	1.66	0.22	0.11	0.20	1.94	(1.85)	3.84	(3.31)	11.90

On Holding Corporate Management

Gerald Marolf	Chief Officer	Profile
Alex Griffin	Head Marketing	Profile
Thilo Brunner	Chief Officer	Profile
Narek Verdian	Chief Officer	Profile
Olivier Bernhard	CoFounder Director	Profile
Julie Pender	General Secretary	Profile
Caspar Coppetti	CoFounder CoChairman	Profile

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