Ralph Lauren Correlations

RL Stock

USD 224.03 1.10 0.49%

The current 90-days correlation between Ralph Lauren Corp and Columbia Sportswear is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ralph Lauren moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ralph Lauren Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ralph Lauren Correlation With Market

Very weak diversification

The correlation between Ralph Lauren Corp and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ralph Lauren 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 Ralph Lauren 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 bureau of economic analysis.

Moving together with Ralph Stock

0.85	GIL	Gildan Activewear	Pair Corr
0.61	MAT	Mattel Inc	Pair Corr
0.64	ZGN	Ermenegildo Zegna Earnings Call This Week	Pair Corr
0.79	JAKK	JAKKS Pacific	Pair Corr
0.74	AOUT	American Outdoor Brands	Pair Corr
0.61	CLAR	Clarus Corp	Pair Corr
0.74	EVRI	Everi Holdings	Pair Corr

Moving against Ralph Stock

0.45	GOLF	Acushnet Holdings Corp	Pair Corr
0.4	NVR	NVR Inc	Pair Corr
0.36	DHI	DR Horton	Pair Corr
0.32	LEN	Lennar	Pair Corr
0.58	F	Ford Motor Sell-off Trend	Pair Corr
0.44	CAL	Continental	Pair Corr
0.42	GM	General Motors Aggressive Push	Pair Corr

Related Correlations Analysis

	COLM	KTB	LEVI	GIII	HBI	UA	PVH	OXM	GIL
COLM		0.45	0.4	0.37	0.22	0.41	0.39	0.37	0.49	COLM
KTB	0.45		0.67	0.83	0.8	0.78	0.73	0.9	0.13	KTB
LEVI	0.4	0.67		0.26	0.3	0.25	0.16	0.45	0.68	LEVI
GIII	0.37	0.83	0.26		0.89	0.92	0.93	0.87	-0.28	GIII
HBI	0.22	0.8	0.3	0.89		0.91	0.87	0.9	-0.24	HBI
UA	0.41	0.78	0.25	0.92	0.91		0.9	0.83	-0.24	UA
PVH	0.39	0.73	0.16	0.93	0.87	0.9		0.83	-0.35	PVH
OXM	0.37	0.9	0.45	0.87	0.9	0.83	0.83		-0.07	OXM
GIL	0.49	0.13	0.68	-0.28	-0.24	-0.24	-0.35	-0.07		GIL
	COLM	KTB	LEVI	GIII	HBI	UA	PVH	OXM	GIL

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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
UA	+ 0.92	GIII
UA	+ 0.91	HBI
OXM	+ 0.9	KTB
OXM	+ 0.9	HBI
PVH	+ 0.9	UA

High negative correlations

GIL	- 0.35	PVH
GIL	- 0.28	GIII
GIL	- 0.24	UA
GIL	- 0.24	HBI
GIL	- 0.07	OXM

Risk-Adjusted Indicators

There is a big difference between Ralph Stock performing well and Ralph Lauren 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 Ralph Lauren'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
COLM	1.40	(0.18)	(0.51)	2.41	(3.37)	10.58
KTB	1.88	(0.42)	(0.51)	3.75	(3.96)	17.80
LEVI	1.61	(0.04)	(0.10)	4.02	(3.95)	9.12
GIII	1.68	(0.32)	(0.45)	3.00	(3.92)	9.63
HBI	1.87	(0.48)	(0.80)	3.54	(4.25)	23.59
UA	1.71	(0.49)	(1.20)	3.02	(4.61)	9.96
PVH	1.75	(0.68)	(0.84)	2.44	(4.80)	10.85
OXM	1.98	(0.25)	(0.39)	4.93	(3.94)	16.04
GIL	1.12	(0.04)	(0.12)	2.54	(2.56)	8.64

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