Urban Outfitters Correlations

URBN Stock

USD 49.13 0.18 0.37%

The current 90-days correlation between Urban Outfitters and American Eagle Outfitters is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Urban Outfitters moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Urban Outfitters moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Urban Outfitters Correlation With Market

Average diversification

The correlation between Urban Outfitters and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Urban Outfitters 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 Urban Outfitters. 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 labor statistics.

To learn how to invest in Urban Stock, please use our How to Invest in Urban Outfitters guide.

Moving together with Urban Stock

0.66	HD	Home Depot	Pair Corr
0.63	RH	RH Earnings Call This Week	Pair Corr
0.62	WEYS	Weyco Group	Pair Corr
0.63	FLWS	1 800 FLOWERSCOM	Pair Corr
0.72	FNKO	Funko Inc	Pair Corr
0.7	DKS	Dicks Sporting Goods	Pair Corr
0.68	GCO	Genesco	Pair Corr
0.61	GCT	GigaCloud Technology	Pair Corr
0.66	LOW	Lowes Companies	Pair Corr
0.66	WSM	Williams Sonoma	Pair Corr

Moving against Urban Stock

0.47	VIPS	Vipshop Holdings	Pair Corr
0.41	AZO	AutoZone	Pair Corr
0.39	JD	JD Inc Adr	Pair Corr
0.44	PDD	PDD Holdings Aggressive Push	Pair Corr
0.46	BABA	Alibaba Group Holding	Pair Corr

Related Correlations Analysis

	AEO	GPS	FL	PLCE	ANF	LULU	BURL	HIBB	EXPR
AEO		0.0	0.9	0.91	0.89	0.84	0.93	0.0	0.0	AEO
GPS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GPS
FL	0.9	0.0		0.85	0.93	0.68	0.86	0.0	0.0	FL
PLCE	0.91	0.0	0.85		0.87	0.76	0.83	0.0	0.0	PLCE
ANF	0.89	0.0	0.93	0.87		0.67	0.87	0.0	0.0	ANF
LULU	0.84	0.0	0.68	0.76	0.67		0.73	0.0	0.0	LULU
BURL	0.93	0.0	0.86	0.83	0.87	0.73		0.0	0.0	BURL
HIBB	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HIBB
EXPR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		EXPR
	AEO	GPS	FL	PLCE	ANF	LULU	BURL	HIBB	EXPR

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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

BURL	+ 0.93	AEO
ANF	+ 0.93	FL
PLCE	+ 0.91	AEO
FL	+ 0.9	AEO
ANF	+ 0.89	AEO
ANF	+ 0.87	PLCE

High negative correlations

EXPR	- 0.0	HIBB
EXPR	- 0.0	BURL
HIBB	- 0.0	BURL
EXPR	- 0.0	LULU
HIBB	- 0.0	LULU
EXPR	- 0.0	ANF

Risk-Adjusted Indicators

There is a big difference between Urban Stock performing well and Urban Outfitters 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 Urban Outfitters' 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
AEO	2.08	(0.40)	(0.37)	2.89	(4.69)	13.66
GPS	0.00	0.00	0.00	0.00	0.00	0.00
FL	2.14	(0.34)	(0.34)	4.66	(4.80)	13.42
PLCE	3.04	(0.09)	(0.12)	5.96	(6.44)	33.45
ANF	2.59	(0.81)	(3.85)	4.01	(6.10)	21.79
LULU	1.47	(0.23)	(0.34)	2.69	(4.30)	10.71
BURL	1.82	(0.26)	(0.44)	3.32	(3.62)	15.50
HIBB	0.00	0.00	0.00	0.00	0.00	0.00
EXPR	0.00	0.00	0.00	0.00	0.00	0.00

Urban Outfitters Corporate Management

David Hayne	Chief Officer	Profile
Sheila Harrington	Global Group	Profile
Azeez Hayne	General Counsel, Corporate Secretary	Profile
Michael Silbert	G Counsel	Profile
Emma Wisden	Managing Europe	Profile

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