PVH Corp Correlations

PVH Stock

USD 64.79 0.58 0.89%

The current 90-days correlation between PVH Corp and VF Corporation is 0.23 (i.e., Modest diversification). The correlation of PVH Corp 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.

PVH Corp Correlation With Market

Weak diversification

The correlation between PVH Corp and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PVH Corp 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 PVH Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more detail on how to invest in PVH Stock please use our How to Invest in PVH Corp guide.

Moving together with PVH Stock

0.73	BC	Brunswick	Pair Corr
0.85	UA	Under Armour C	Pair Corr
0.76	DOGZ	Dogness International	Pair Corr
0.91	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.85	VMAR	Vision Marine Techno	Pair Corr
0.93	WLDS	Wearable Devices	Pair Corr
0.88	EZGO	EZGO Technologies	Pair Corr
0.71	FEBO	Fenbo Holdings	Pair Corr
0.88	BZH	Beazer Homes USA	Pair Corr
0.61	CCS	Century Communities	Pair Corr
0.8	FOSL	Fossil Group	Pair Corr
0.81	CRI	Carters	Pair Corr
0.78	DHI	DR Horton	Pair Corr
0.85	DTC	Solo Brands	Pair Corr
0.87	HBI	Hanesbrands	Pair Corr
0.73	HOV	Hovnanian Enterprises	Pair Corr
0.7	HWH	HWH International	Pair Corr
0.68	KBH	KB Home	Pair Corr
0.7	KTB	Kontoor Brands	Pair Corr
0.78	LEN	Lennar	Pair Corr
0.83	MHO	MI Homes	Pair Corr
0.65	MOV	Movado Group Earnings Call This Week	Pair Corr
0.68	MPX	Marine Products	Pair Corr
0.66	MTH	Meritage	Pair Corr

Moving against PVH Stock

0.5	GIL	Gildan Activewear	Pair Corr
0.49	HAS	Hasbro Inc	Pair Corr
0.41	RL	Ralph Lauren Corp Sell-off Trend	Pair Corr
0.76	MAT	Mattel Inc	Pair Corr
0.74	TPR	Tapestry	Pair Corr
0.71	RGR	Sturm Ruger	Pair Corr

Related Correlations Analysis

	VFC	LEVI	UAA	COLM	OXM	GIL	KTB	GIII	VNCE
VFC		0.81	-0.02	0.46	0.39	0.74	0.55	0.13	0.29	VFC
LEVI	0.81		0.06	0.28	0.36	0.64	0.61	0.15	0.33	LEVI
UAA	-0.02	0.06		0.36	0.74	-0.41	0.66	0.84	0.09	UAA
COLM	0.46	0.28	0.36		0.32	0.38	0.39	0.34	-0.15	COLM
OXM	0.39	0.36	0.74	0.32		-0.18	0.89	0.85	0.44	OXM
GIL	0.74	0.64	-0.41	0.38	-0.18		0.01	-0.4	-0.17	GIL
KTB	0.55	0.61	0.66	0.39	0.89	0.01		0.81	0.39	KTB
GIII	0.13	0.15	0.84	0.34	0.85	-0.4	0.81		0.21	GIII
VNCE	0.29	0.33	0.09	-0.15	0.44	-0.17	0.39	0.21		VNCE
	VFC	LEVI	UAA	COLM	OXM	GIL	KTB	GIII	VNCE

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

KTB	+ 0.89	OXM
GIII	+ 0.85	OXM
GIII	+ 0.84	UAA
LEVI	+ 0.81	VFC
GIII	+ 0.81	KTB
GIL	+ 0.74	VFC

High negative correlations

GIL	- 0.41	UAA
GIII	- 0.4	GIL
GIL	- 0.18	OXM
VNCE	- 0.17	GIL
VNCE	- 0.15	COLM
UAA	- 0.02	VFC

Risk-Adjusted Indicators

There is a big difference between PVH Stock performing well and PVH Corp 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 PVH Corp'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
VFC	2.36	(0.23)	0.00	(0.29)	0.00	0.00	4.75	(6.94)	18.12
LEVI	1.53	0.02	0.00	(0.07)	0.00	0.00	4.02	(3.95)	9.12
UAA	2.01	(0.52)	0.00	(1.83)	0.00	0.00	3.97	(5.56)	13.25
COLM	1.37	(0.14)	0.00	(0.42)	0.00	0.00	2.41	(3.37)	10.58
OXM	2.13	(0.32)	0.00	(0.49)	0.00	0.00	4.93	(4.23)	16.04
GIL	1.09	0.03	0.00	(0.04)	0.00	0.00	2.54	(2.56)	8.64
KTB	1.84	(0.37)	0.00	(0.51)	0.00	0.00	3.75	(3.96)	17.80
GIII	1.79	(0.15)	0.00	(0.28)	0.00	0.00	3.55	(3.92)	15.86
VNCE	8.37	1.24	0.15	1.14	7.27	(12.13)	13.67	(13.24)	93.72

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