Tillys Correlations

TLYS Stock

USD 4.47 0.26 6.18%

The current 90-days correlation between Tillys Inc and Movado Group is 0.31 (i.e., Weak diversification). The correlation of Tillys 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Tillys Correlation With Market

Very weak diversification

The correlation between Tillys Inc and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tillys 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 Tillys 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 manufacturing.

Moving together with Tillys Stock

0.76	ASO	Academy Sports Outdoors	Pair Corr
0.69	BBY	Best Buy	Pair Corr
0.74	DKS	Dicks Sporting Goods	Pair Corr
0.86	HVT	Haverty Furniture	Pair Corr
0.63	ZUMZ	Zumiez Inc	Pair Corr
0.78	SCVL	Shoe Carnival	Pair Corr
0.84	ARHS	Arhaus Inc	Pair Corr
0.68	TM	Toyota Motor	Pair Corr
0.9	DOOO	BRP Inc	Pair Corr
0.7	WING	Wingstop	Pair Corr

Moving against Tillys Stock

0.74	VSCO	Victorias Secret	Pair Corr
0.72	WRBY	Warby Parker	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.52	LOW	Lowes Companies Sell-off Trend	Pair Corr
0.47	WEYS	Weyco Group	Pair Corr
0.42	RH	RH Earnings Call This Week	Pair Corr
0.41	TLF	Tandy Leather Factory	Pair Corr
0.83	DOGZ	Dogness International	Pair Corr
0.73	RL	Ralph Lauren Corp	Pair Corr
0.69	ORLY	OReilly Automotive	Pair Corr
0.69	GM	General Motors	Pair Corr
0.38	TTSH	Tile Shop Holdings	Pair Corr
0.31	RERE	ATRenew Inc DRC	Pair Corr
0.85	AGS	PlayAGS	Pair Corr
0.83	EVRI	Everi Holdings	Pair Corr

Related Correlations Analysis

	CPRI	MOV	TPR	BRLT	SIG	LANV	MYTE	FOSL
CPRI		-0.05	-0.73	0.55	-0.13	0.33	-0.33	-0.46	CPRI
MOV	-0.05		-0.08	0.12	-0.2	0.04	-0.25	0.05	MOV
TPR	-0.73	-0.08		-0.4	0.59	-0.52	0.51	0.71	TPR
BRLT	0.55	0.12	-0.4		0.01	0.12	-0.63	-0.36	BRLT
SIG	-0.13	-0.2	0.59	0.01		-0.51	0.51	0.52	SIG
LANV	0.33	0.04	-0.52	0.12	-0.51		-0.38	-0.46	LANV
MYTE	-0.33	-0.25	0.51	-0.63	0.51	-0.38		0.5	MYTE
FOSL	-0.46	0.05	0.71	-0.36	0.52	-0.46	0.5		FOSL
	CPRI	MOV	TPR	BRLT	SIG	LANV	MYTE	FOSL

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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

FOSL	+ 0.71	TPR
SIG	+ 0.59	TPR
BRLT	+ 0.55	CPRI
FOSL	+ 0.52	SIG
MYTE	+ 0.51	TPR
MYTE	+ 0.51	SIG

High negative correlations

TPR	- 0.73	CPRI
MYTE	- 0.63	BRLT
LANV	- 0.52	TPR
LANV	- 0.51	SIG
FOSL	- 0.46	LANV
FOSL	- 0.46	CPRI

Risk-Adjusted Indicators

There is a big difference between Tillys Stock performing well and Tillys 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 Tillys' 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
CPRI	2.65	(0.59)	0.00	(0.18)	0.00	0.00	6.04	(4.25)	56.42
MOV	1.80	(0.36)	0.00	(0.16)	0.00	0.00	4.03	(3.21)	15.00
TPR	1.78	0.65	0.47	2.60	0.68	(2.47)	3.64	(1.76)	16.39
BRLT	3.13	(0.16)	(0.03)	0.01	3.47	(3.71)	7.69	(5.85)	17.39
SIG	1.79	0.10	0.09	0.19	2.05	(2.05)	4.34	(3.42)	19.25
LANV	3.97	0.01	0.00	0.12	0.00	0.00	11.18	(10.83)	26.86
MYTE	4.12	1.38	0.37	(1.09)	2.50	(6.07)	11.11	(4.39)	67.36
FOSL	3.52	0.56	0.09	(1.29)	3.67	(4.27)	8.91	(6.31)	19.38

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