Superior Uniform Correlations

SGC Stock

USD 14.58 0.30 2.02%

The current 90-days correlation between Superior Uniform and Lakeland Industries is 0.23 (i.e., Modest diversification). The correlation of Superior Uniform 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.

Superior Uniform Correlation With Market

Weak diversification

The correlation between Superior Uniform Group and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Superior Uniform Group and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Superior Uniform Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Superior Stock

0.73	BC	Brunswick	Pair Corr
0.76	DOGZ	Dogness International Earnings Call Today	Pair Corr
0.75	CCS	Century Communities	Pair Corr
0.83	DFH	Dream Finders Homes Earnings Call Today	Pair Corr
0.8	DHI	DR Horton	Pair Corr
0.76	HWH	HWH International Buyout Trend	Pair Corr
0.91	MHO	MI Homes	Pair Corr
0.72	MPX	Marine Products	Pair Corr
0.86	PVH	PVH Corp	Pair Corr
0.79	TPH	TRI Pointe Homes	Pair Corr
0.61	UHG	United Homes Group	Pair Corr
0.74	VRA	Vera Bradley	Pair Corr
0.64	WWW	Wolverine World Wide	Pair Corr
0.77	GOLF	Acushnet Holdings Corp Earnings Call Today	Pair Corr
0.79	YETI	YETI Holdings	Pair Corr
0.74	JOUT	Johnson Outdoors	Pair Corr
0.86	LGIH	LGI Homes	Pair Corr

Moving against Superior Stock

0.84	TPR	Tapestry	Pair Corr
0.8	RL	Ralph Lauren Corp	Pair Corr
0.76	VFC	VF Corporation	Pair Corr
0.67	MSN	Emerson Radio	Pair Corr
0.57	GIL	Gildan Activewear	Pair Corr
0.52	MAT	Mattel Inc	Pair Corr
0.81	MYTE	MYT Netherlands Parent	Pair Corr
0.71	JAKK	JAKKS Pacific Earnings Call Today	Pair Corr
0.65	JRSH	Jerash Holdings	Pair Corr
0.63	AREBW	American Rebel Holdings	Pair Corr
0.62	PLBY	Plby Group	Pair Corr
0.61	SONY	Sony Group Corp	Pair Corr
0.58	LEVI	Levi Strauss	Pair Corr
0.5	GOOS	Canada Goose Holdings	Pair Corr
0.48	RCKY	Rocky Brands Earnings Call Today	Pair Corr

Related Correlations Analysis

	LAKE	JRSH	GIII	JXJT	DLA	GIL	OXM	ZGN	KTB	COLM
LAKE		0.36	0.09	0.0	0.0	-0.02	0.24	0.05	-0.36	-0.19	LAKE
JRSH	0.36		-0.35	0.0	0.0	0.63	-0.44	0.56	-0.36	0.09	JRSH
GIII	0.09	-0.35		0.0	0.0	-0.61	0.53	0.09	0.16	0.25	GIII
JXJT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	JXJT
DLA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	DLA
GIL	-0.02	0.63	-0.61	0.0	0.0		-0.38	0.54	0.09	0.25	GIL
OXM	0.24	-0.44	0.53	0.0	0.0	-0.38		-0.12	0.42	0.18	OXM
ZGN	0.05	0.56	0.09	0.0	0.0	0.54	-0.12		0.08	0.38	ZGN
KTB	-0.36	-0.36	0.16	0.0	0.0	0.09	0.42	0.08		0.39	KTB
COLM	-0.19	0.09	0.25	0.0	0.0	0.25	0.18	0.38	0.39		COLM
	LAKE	JRSH	GIII	JXJT	DLA	GIL	OXM	ZGN	KTB	COLM

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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

GIL	+ 0.63	JRSH
ZGN	+ 0.56	JRSH
ZGN	+ 0.54	GIL
OXM	+ 0.53	GIII
KTB	+ 0.42	OXM
COLM	+ 0.39	KTB

High negative correlations

GIL	- 0.61	GIII
OXM	- 0.44	JRSH
OXM	- 0.38	GIL
KTB	- 0.36	JRSH
KTB	- 0.36	LAKE
GIII	- 0.35	JRSH

Risk-Adjusted Indicators

There is a big difference between Superior Stock performing well and Superior Uniform 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 Superior Uniform'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
LAKE	2.00	0.21	0.06	(0.68)	2.70	(2.04)	4.98	(4.34)	16.29
JRSH	1.12	0.20	0.12	(1.24)	1.34	(1.30)	2.46	(2.08)	11.29
GIII	1.78	(0.10)	0.00	0.45	0.00	0.00	3.59	(3.21)	15.86
JXJT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DLA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GIL	0.91	0.17	0.16	0.38	0.84	(1.02)	2.54	(1.53)	5.36
OXM	1.87	(0.13)	0.00	(0.25)	0.00	0.00	4.93	(3.94)	16.04
ZGN	1.97	0.24	0.10	0.24	2.02	(2.05)	5.43	(3.65)	11.60
KTB	1.72	(0.27)	0.00	(0.28)	0.00	0.00	3.75	(3.68)	10.16
COLM	1.26	0.17	0.09	0.48	1.63	(1.27)	3.94	(2.67)	11.19

Superior Uniform Corporate Executives

Elected by the shareholders, the Superior Uniform's board of directors comprises two types of representatives: Superior Uniform inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Superior. The board's role is to monitor Superior Uniform's management team and ensure that shareholders' interests are well served. Superior Uniform's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Superior Uniform's outside directors are responsible for providing unbiased perspectives on the board's policies.

Andrew Demott

COO, CFO and Treasurer

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