Sportsmans Correlations

SPWH Stock

USD 0.96 0.03 2.83%

The current 90-days correlation between Sportsmans and MarineMax is 0.39 (i.e., Weak diversification). The correlation of Sportsmans 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.

Sportsmans Correlation With Market

Weak diversification

The correlation between Sportsmans and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sportsmans 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 Sportsmans. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

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

Moving together with Sportsmans Stock

0.9	CRI	Carters	Pair Corr
0.78	DHI	DR Horton	Pair Corr
0.82	KTB	Kontoor Brands	Pair Corr
0.86	NVR	NVR Inc	Pair Corr
0.91	WWW	Wolverine World Wide	Pair Corr
0.92	PLAY	Dave Busters Enterta	Pair Corr
0.69	ARMK	Aramark Holdings	Pair Corr
0.69	UHAL-B	U Haul Holding	Pair Corr

Moving against Sportsmans Stock

0.79	CTBB	Qwest Corp NT	Pair Corr
0.77	CTDD	Qwest Corp 6	Pair Corr
0.67	MAT	Mattel Inc	Pair Corr
0.59	PKX	POSCO Holdings	Pair Corr
0.56	HAS	Hasbro Inc	Pair Corr
0.88	CBYDF	Corby Spirit	Pair Corr
0.87	GORO	Gold Resource	Pair Corr
0.85	BAOB	Baraboo Bancorporation	Pair Corr
0.84	NVRO	Nevro Corp	Pair Corr
0.83	TCTZF	Tencent Holdings Downward Rally	Pair Corr
0.82	INVX	Innovex International, Symbol Change	Pair Corr
0.82	AXSM	Axsome Therapeutics	Pair Corr
0.8	FWEDF	Fireweed Zinc	Pair Corr
0.74	DNCVF	Defiance Silver Corp	Pair Corr
0.73	CDR-PB	Cedar Realty Trust	Pair Corr
0.72	KGC	Kinross Gold Aggressive Push	Pair Corr
0.7	KEY-PI	KeyCorp	Pair Corr
0.64	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.47	MFON	Mobivity Holdings	Pair Corr
0.39	CDUAF	Canadian Utilities	Pair Corr

Related Correlations Analysis

	HZO	BBW	LESL	SBH	EYE	FLWS	ODP	TCS	FRG	BGFV
HZO		0.43	0.79	0.69	-0.29	0.83	0.77	0.0	0.0	0.73	HZO
BBW	0.43		0.65	0.57	-0.54	0.4	0.55	0.0	0.0	0.7	BBW
LESL	0.79	0.65		0.89	-0.71	0.67	0.94	0.0	0.0	0.93	LESL
SBH	0.69	0.57	0.89		-0.58	0.45	0.95	0.0	0.0	0.81	SBH
EYE	-0.29	-0.54	-0.71	-0.58		-0.28	-0.63	0.0	0.0	-0.69	EYE
FLWS	0.83	0.4	0.67	0.45	-0.28		0.61	0.0	0.0	0.65	FLWS
ODP	0.77	0.55	0.94	0.95	-0.63	0.61		0.0	0.0	0.88	ODP
TCS	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TCS
FRG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FRG
BGFV	0.73	0.7	0.93	0.81	-0.69	0.65	0.88	0.0	0.0		BGFV
	HZO	BBW	LESL	SBH	EYE	FLWS	ODP	TCS	FRG	BGFV

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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

ODP	+ 0.95	SBH
ODP	+ 0.94	LESL
BGFV	+ 0.93	LESL
SBH	+ 0.89	LESL
BGFV	+ 0.88	ODP
FLWS	+ 0.83	HZO

High negative correlations

EYE	- 0.71	LESL
BGFV	- 0.69	EYE
ODP	- 0.63	EYE
EYE	- 0.58	SBH
EYE	- 0.54	BBW
EYE	- 0.29	HZO

Risk-Adjusted Indicators

There is a big difference between Sportsmans Stock performing well and Sportsmans 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 Sportsmans' 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
HZO	2.19	(0.23)	0.00	(0.21)	0.00	0.00	4.89	(4.95)	21.26
BBW	2.25	(0.09)	0.00	(0.16)	0.00	0.00	4.55	(5.00)	13.31
LESL	3.64	(1.28)	0.00	(0.60)	0.00	0.00	5.48	(7.27)	33.16
SBH	2.03	(0.44)	0.00	(0.59)	0.00	0.00	4.00	(4.18)	10.83
EYE	2.23	0.21	0.08	0.11	2.57	(2.44)	4.71	(4.45)	16.13
FLWS	2.75	(0.38)	0.00	(0.36)	0.00	0.00	5.36	(6.68)	15.19
ODP	2.94	(0.81)	0.00	(1.45)	0.00	0.00	6.19	(6.61)	27.92
TCS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FRG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BGFV	3.09	(0.73)	0.00	0.76	0.00	0.00	5.32	(4.97)	52.38

Sportsmans Corporate Executives

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

	Jeffrey White	CFO Secretary	Profile
	Kevan Talbot	CFO and Secretary	Profile

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