OneSpaWorld Holdings Correlations

OSW Stock

USD 17.50 0.05 0.28%

The current 90-days correlation between OneSpaWorld Holdings and Johnson Outdoors is 0.26 (i.e., Modest diversification). The correlation of OneSpaWorld Holdings 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.

OneSpaWorld Holdings Correlation With Market

Very weak diversification

The correlation between OneSpaWorld Holdings and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OneSpaWorld Holdings 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 OneSpaWorld Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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

Moving together with OneSpaWorld Stock

0.74	H	Hyatt Hotels	Pair Corr
0.8	WH	Wyndham Hotels Resorts	Pair Corr
0.64	DKNG	DraftKings	Pair Corr
0.67	DNUT	Krispy Kreme	Pair Corr
0.83	WING	Wingstop	Pair Corr
0.81	FLUT	Flutter Entertainment plc	Pair Corr
0.86	BYD	Boyd Gaming	Pair Corr
0.79	CHH	Choice Hotels Intern	Pair Corr
0.87	CSV	Carriage Services	Pair Corr
0.89	CUK	Carnival Plc ADS	Pair Corr
0.91	CZR	Caesars Entertainment	Pair Corr
0.78	FWRG	First Watch Restaurant	Pair Corr
0.85	XPOF	Xponential Fitness	Pair Corr
0.71	RGS	Regis Common	Pair Corr
0.67	FATBB	FAT Brands	Pair Corr
0.88	GAMB	Gambling Group	Pair Corr

Moving against OneSpaWorld Stock

0.39	LNW	Light Wonder	Pair Corr
0.36	QSR	Restaurant Brands	Pair Corr
0.33	WEN	The Wendys	Pair Corr
0.32	EJH	E Home Household	Pair Corr

Related Correlations Analysis

	ESCA	JOUT	CLAR	FUN	AOUT	LEAT	JAKK	SIX	GOLF
ESCA		-0.3	0.37	-0.21	0.33	0.34	0.39	0.0	-0.31	ESCA
JOUT	-0.3		0.52	0.78	0.33	-0.43	0.07	0.0	0.71	JOUT
CLAR	0.37	0.52		0.66	0.86	0.2	0.71	0.0	0.09	CLAR
FUN	-0.21	0.78	0.66		0.58	0.0	0.35	0.0	0.42	FUN
AOUT	0.33	0.33	0.86	0.58		0.3	0.79	0.0	-0.08	AOUT
LEAT	0.34	-0.43	0.2	0.0	0.3		0.32	0.0	-0.46	LEAT
JAKK	0.39	0.07	0.71	0.35	0.79	0.32		0.0	-0.24	JAKK
SIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SIX
GOLF	-0.31	0.71	0.09	0.42	-0.08	-0.46	-0.24	0.0		GOLF
	ESCA	JOUT	CLAR	FUN	AOUT	LEAT	JAKK	SIX	GOLF

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

AOUT	+ 0.86	CLAR
JAKK	+ 0.79	AOUT
FUN	+ 0.78	JOUT
GOLF	+ 0.71	JOUT
JAKK	+ 0.71	CLAR
FUN	+ 0.66	CLAR

High negative correlations

GOLF	- 0.46	LEAT
LEAT	- 0.43	JOUT
GOLF	- 0.31	ESCA
JOUT	- 0.3	ESCA
GOLF	- 0.24	JAKK
FUN	- 0.21	ESCA

Risk-Adjusted Indicators

There is a big difference between OneSpaWorld Stock performing well and OneSpaWorld Holdings 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 OneSpaWorld Holdings' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ESCA	1.88	0.05	(0.02)	3.18	(4.31)	11.14
JOUT	1.79	(0.57)	(0.87)	2.98	(4.26)	13.35
CLAR	1.94	(0.29)	(0.35)	4.02	(3.50)	14.81
FUN	2.07	(0.19)	(0.19)	4.52	(4.95)	15.35
AOUT	2.55	(0.04)	(0.09)	5.86	(6.38)	19.63
LEAT	0.77	(0.02)	0.19	1.86	(2.37)	5.56
JAKK	1.87	0.01	(0.06)	2.95	(3.94)	20.78
SIX	0.00	0.00	0.00	0.00	0.00	0.00
GOLF	1.47	(0.14)	(0.61)	2.78	(3.04)	11.60

OneSpaWorld Holdings Corporate Management

Jesus Padilla	Senior Operations	Profile
Charles Rivera	Chief Officer	Profile
Eduardo Chamia	Senior Revenue	Profile
Trent Munday	Senior Asia	Profile
Robert Schaverien	Managing Academy	Profile
Inga Fyodorova	Corporate Secretary	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC