Sonos Correlations

SONO Stock

USD 11.55 0.21 1.85%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sonos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sonos Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sonos Correlation With Market

Very weak diversification

The correlation between Sonos Inc and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sonos Inc 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 Sonos Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Sonos Stock

0.68	BC	Brunswick	Pair Corr
0.73	UA	Under Armour C	Pair Corr
0.64	DOGZ	Dogness International	Pair Corr
0.8	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.81	VMAR	Vision Marine Techno	Pair Corr
0.66	VUZI	Vuzix Corp Cmn	Pair Corr
0.83	WLDS	Wearable Devices	Pair Corr
0.75	EZGO	EZGO Technologies	Pair Corr
0.7	FEBO	Fenbo Holdings	Pair Corr
0.68	BZH	Beazer Homes USA	Pair Corr
0.77	FOSL	Fossil Group	Pair Corr
0.72	CRI	Carters	Pair Corr
0.7	DHI	DR Horton	Pair Corr
0.88	DTC	Solo Brands	Pair Corr
0.86	HBI	Hanesbrands	Pair Corr
0.64	HOV	Hovnanian Enterprises	Pair Corr
0.66	HWH	HWH International	Pair Corr
0.63	KBH	KB Home	Pair Corr
0.68	KTB	Kontoor Brands	Pair Corr
0.65	LEN	Lennar	Pair Corr
0.64	MHO	MI Homes	Pair Corr
0.63	MOV	Movado Group Earnings Call This Week	Pair Corr
0.69	MPX	Marine Products	Pair Corr

Moving against Sonos Stock

0.79	RGR	Sturm Ruger	Pair Corr
0.63	MAT	Mattel Inc	Pair Corr
0.56	HAS	Hasbro Inc	Pair Corr

Related Correlations Analysis

	LPL	HEAR	SONY	VUZI	SNEJF	VZIO	UEIC	VOXX	SSNLF
LPL		0.0	0.54	0.01	0.47	0.0	-0.26	-0.1	0.24	LPL
HEAR	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HEAR
SONY	0.54	0.0		-0.42	0.96	0.0	-0.71	0.22	0.25	SONY
VUZI	0.01	0.0	-0.42		-0.44	0.0	0.66	-0.27	-0.04	VUZI
SNEJF	0.47	0.0	0.96	-0.44		0.0	-0.73	0.21	0.28	SNEJF
VZIO	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	VZIO
UEIC	-0.26	0.0	-0.71	0.66	-0.73	0.0		0.07	-0.51	UEIC
VOXX	-0.1	0.0	0.22	-0.27	0.21	0.0	0.07		-0.56	VOXX
SSNLF	0.24	0.0	0.25	-0.04	0.28	0.0	-0.51	-0.56		SSNLF
	LPL	HEAR	SONY	VUZI	SNEJF	VZIO	UEIC	VOXX	SSNLF

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

SNEJF	+ 0.96	SONY
UEIC	+ 0.66	VUZI
SONY	+ 0.54	LPL
SNEJF	+ 0.47	LPL
SSNLF	+ 0.28	SNEJF
SSNLF	+ 0.25	SONY

High negative correlations

UEIC	- 0.73	SNEJF
UEIC	- 0.71	SONY
SSNLF	- 0.56	VOXX
SSNLF	- 0.51	UEIC
SNEJF	- 0.44	VUZI
VUZI	- 0.42	SONY

Risk-Adjusted Indicators

There is a big difference between Sonos Stock performing well and Sonos 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 Sonos' 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
LPL	1.57	0.13	0.07	0.08	2.15	(1.51)	2.75	(2.77)	10.87
HEAR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SONY	1.43	0.28	0.15	0.21	1.62	(1.46)	3.22	(2.53)	10.94
VUZI	6.34	0.18	0.00	(0.03)	0.00	0.00	18.28	(11.96)	45.92
SNEJF	2.39	0.31	0.11	1.48	2.98	(2.83)	6.22	(5.22)	16.45
VZIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UEIC	1.93	(0.80)	0.00	(9.17)	0.00	0.00	3.80	(4.51)	18.98
VOXX	0.60	(0.05)	0.00	0.11	0.00	0.00	0.96	(0.81)	10.49
SSNLF	0.02	0.00	0.00	(0.56)	0.00	0.00	0.00	0.00	0.62

Sonos Corporate Management

Jordan Saxemard	Chief Officer	Profile
Patrick Spence	Chief Commercial Officer	Profile
Matthew Siegel	Chief Commercial Officer	Profile
Edward Lazarus	Chief Legal Officer and Corporate Secretary	Profile
Michael Groeninger	Vice Finance	Profile
Shamayne Braman	Chief Officer	Profile
Ruth Sleeter	VP Officer	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