Oxford Industries Correlations

Stocks . USA . 
Stock . Oxford Industries
OXM Stock  USD 60.12  1.01  1.65%   
The current 90-days correlation between Oxford Industries and G III Apparel Group is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oxford Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oxford Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Oxford Industries Correlation With Market

Modest diversification

The correlation between Oxford Industries 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 Oxford Industries 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 Oxford Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
To learn how to invest in Oxford Stock, please use our How to Invest in Oxford Industries guide.

Moving together with Oxford Stock

  0.92CRI CartersPairCorr
  0.83DHI DR HortonPairCorr
  0.83DTC Solo BrandsPairCorr
  0.82KBH KB HomePairCorr
  0.91KTB Kontoor BrandsPairCorr
  0.79LEN LennarPairCorr
  0.84NVR NVR IncPairCorr
  0.81PHM PulteGroupPairCorr
  0.84PVH PVH CorpPairCorr
  0.88SKX Skechers USAPairCorr
  0.89VRA Vera BradleyPairCorr
  0.94WWW Wolverine World WidePairCorr
  0.88GIII G III ApparelPairCorr
  0.61GOLF Acushnet Holdings CorpPairCorr
  0.9JOUT Johnson OutdoorsPairCorr
  0.86ONON On HoldingPairCorr
  0.83RCKY Rocky BrandsPairCorr
  0.92SHOO Steven MaddenPairCorr
  0.62CLAR Clarus CorpPairCorr
  0.94DECK Deckers OutdoorPairCorr
  0.62GM General Motors Aggressive PushPairCorr
  0.71HD Home DepotPairCorr
  0.73WEYS Weyco GroupPairCorr

Moving against Oxford Stock

  0.64HAS Hasbro IncPairCorr
  0.64MAT Mattel IncPairCorr
  0.94YUM Yum BrandsPairCorr
  0.86VIPS Vipshop HoldingsPairCorr
  0.85LNW Light WonderPairCorr
  0.84AZO AutoZonePairCorr
  0.79MCD McDonaldsPairCorr
  0.74GPC Genuine PartsPairCorr
  0.7PDD PDD Holdings Aggressive PushPairCorr
  0.68JD JD Inc AdrPairCorr

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   
PVH
+ 0.93
GIII
KTB
+ 0.84
GIII
PVH
+ 0.73
KTB
KTB
+ 0.68
ZGN
GIL
+ 0.64
ZGN
COLM
+ 0.62
ZGN
  
High negative correlations   
PVH
- 0.29
GIL
GIL
- 0.23
GIII
GIL
- 0.1
VNCE

Risk-Adjusted Indicators

There is a big difference between Oxford Stock performing well and Oxford Industries 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 Oxford Industries' 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.

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