Vera Bradley Correlations

VRA Stock

USD 2.39 0.14 5.53%

The current 90-days correlation between Vera Bradley and Rocky Brands is 0.31 (i.e., Weak diversification). The correlation of Vera Bradley 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.

Vera Bradley Correlation With Market

Weak diversification

The correlation between Vera Bradley and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vera Bradley 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 Vera Bradley. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Vera Stock refer to our How to Trade Vera Stock guide.

Moving together with Vera Stock

0.82	CRI	Carters	Pair Corr
0.82	DHI	DR Horton	Pair Corr
0.86	DTC	Solo Brands	Pair Corr
0.85	KBH	KB Home	Pair Corr
0.82	KTB	Kontoor Brands	Pair Corr
0.82	LEN	Lennar	Pair Corr
0.82	NVR	NVR Inc	Pair Corr
0.84	OXM	Oxford Industries Earnings Call This Week	Pair Corr
0.8	PHM	PulteGroup	Pair Corr
0.81	PVH	PVH Corp	Pair Corr
0.82	SKX	Skechers USA	Pair Corr
0.87	WWW	Wolverine World Wide	Pair Corr
0.86	GIII	G III Apparel	Pair Corr
0.83	JOUT	Johnson Outdoors	Pair Corr
0.8	ONON	On Holding	Pair Corr
0.75	RCKY	Rocky Brands	Pair Corr
0.88	SHOO	Steven Madden	Pair Corr
0.65	CLAR	Clarus Corp	Pair Corr
0.84	DECK	Deckers Outdoor	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.68	WEYS	Weyco Group	Pair Corr

Moving against Vera Stock

0.5	MAT	Mattel Inc	Pair Corr
0.39	HAS	Hasbro Inc	Pair Corr
0.78	VIPS	Vipshop Holdings	Pair Corr
0.76	YUM	Yum Brands	Pair Corr
0.72	AZO	AutoZone	Pair Corr
0.69	LNW	Light Wonder	Pair Corr
0.65	PDD	PDD Holdings Aggressive Push	Pair Corr
0.61	MCD	McDonalds	Pair Corr
0.59	JD	JD Inc Adr Sell-off Trend	Pair Corr
0.57	AGS	PlayAGS	Pair Corr

Related Correlations Analysis

	RCKY	SHOO	WWW	CAL	WEYS	DBI
RCKY		0.84	0.77	0.38	0.79	0.8	RCKY
SHOO	0.84		0.89	0.76	0.88	0.94	SHOO
WWW	0.77	0.89		0.78	0.69	0.9	WWW
CAL	0.38	0.76	0.78		0.51	0.77	CAL
WEYS	0.79	0.88	0.69	0.51		0.78	WEYS
DBI	0.8	0.94	0.9	0.77	0.78		DBI
	RCKY	SHOO	WWW	CAL	WEYS	DBI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Vera Stock performing well and Vera Bradley 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 Vera Bradley'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RCKY	1.93	(0.20)	(0.22)	2.65	(4.80)	16.71
SHOO	1.46	(0.72)	(0.84)	1.46	(4.79)	13.44
WWW	1.92	(0.72)	(0.96)	2.73	(4.81)	20.32
CAL	2.03	(0.61)	(0.84)	3.21	(4.85)	13.39
WEYS	1.59	(0.09)	(0.19)	3.32	(2.99)	9.79
DBI	3.18	(0.47)	(0.59)	6.22	(6.58)	24.52

Vera Bradley Corporate Management

Alissa Hines	VP Merchandising	Profile
Mark Dely	Chief Secretary	Profile
Julia Bentley	Vice Communications	Profile
Daren Hull	Vera Pres	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