Vista Outdoor Correlations

VSTO Stock

USD 44.63 0.24 0.54%

The current 90-days correlation between Vista Outdoor and OneSpaWorld Holdings is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vista Outdoor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vista Outdoor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vista Outdoor Correlation With Market

Good diversification

The correlation between Vista Outdoor and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vista Outdoor 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 Vista Outdoor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Vista Stock, please use our How to Invest in Vista Outdoor guide.

Moving together with Vista Stock

0.82	AS	Amer Sports,	Pair Corr
0.83	RL	Ralph Lauren Corp	Pair Corr
0.62	UA	Under Armour C	Pair Corr
0.88	DOGZ	Dogness International Upward Rally	Pair Corr
0.75	VOXX	VOXX International	Pair Corr
0.61	FOSL	Fossil Group	Pair Corr
0.81	GIL	Gildan Activewear	Pair Corr
0.71	HBI	Hanesbrands	Pair Corr
0.69	KTB	Kontoor Brands	Pair Corr

Moving against Vista Stock

0.87	FEBO	Fenbo Holdings	Pair Corr
0.84	WLDS	Wearable Devices Tech Boost	Pair Corr
0.77	DOOO	BRP Inc Earnings Call Today	Pair Corr
0.77	EZGO	EZGO Technologies	Pair Corr
0.65	VMAR	Vision Marine Techno	Pair Corr
0.65	CCS	Century Communities	Pair Corr
0.34	BLD	Topbuild Corp	Pair Corr
0.73	CRI	Carters	Pair Corr
0.66	DHI	DR Horton	Pair Corr
0.66	HOV	Hovnanian Enterprises Earnings Call This Week	Pair Corr
0.65	DTC	Solo Brands	Pair Corr
0.57	MTH	Meritage	Pair Corr
0.53	KBH	KB Home Fiscal Year End 8th of January 2025	Pair Corr
0.43	DFH	Dream Finders Homes	Pair Corr
0.38	HAS	Hasbro Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	CLAR	JOUT	ESCA	JAKK	AOUT	OSW	LEAT	SEAS	FUN
CLAR		0.3	0.39	0.33	0.01	0.31	0.02	0.29	0.11	CLAR
JOUT	0.3		-0.2	-0.56	-0.31	-0.59	0.6	0.05	-0.09	JOUT
ESCA	0.39	-0.2		0.49	0.25	0.68	-0.43	-0.18	0.53	ESCA
JAKK	0.33	-0.56	0.49		0.2	0.84	-0.34	0.02	0.42	JAKK
AOUT	0.01	-0.31	0.25	0.2		0.44	-0.52	-0.07	0.29	AOUT
OSW	0.31	-0.59	0.68	0.84	0.44		-0.58	0.01	0.54	OSW
LEAT	0.02	0.6	-0.43	-0.34	-0.52	-0.58		-0.04	-0.23	LEAT
SEAS	0.29	0.05	-0.18	0.02	-0.07	0.01	-0.04		-0.49	SEAS
FUN	0.11	-0.09	0.53	0.42	0.29	0.54	-0.23	-0.49		FUN
	CLAR	JOUT	ESCA	JAKK	AOUT	OSW	LEAT	SEAS	FUN

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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

OSW	+ 0.84	JAKK
OSW	+ 0.68	ESCA
LEAT	+ 0.6	JOUT
FUN	+ 0.54	OSW
FUN	+ 0.53	ESCA
JAKK	+ 0.49	ESCA

High negative correlations

OSW	- 0.59	JOUT
LEAT	- 0.58	OSW
JAKK	- 0.56	JOUT
LEAT	- 0.52	AOUT
FUN	- 0.49	SEAS
LEAT	- 0.43	ESCA

Risk-Adjusted Indicators

There is a big difference between Vista Stock performing well and Vista Outdoor 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 Vista Outdoor'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CLAR	1.93	(0.13)	(0.03)	0.03	2.72	(1.83)	4.24	(4.77)	12.96
JOUT	1.39	(0.29)	0.00	(0.13)	0.00	0.00	2.76	(2.77)	8.15
ESCA	2.22	0.00	0.02	0.12	3.27	(2.16)	5.20	(4.79)	16.07
JAKK	1.95	0.25	0.05	(16.37)	2.11	(2.03)	3.97	(3.44)	20.03
AOUT	1.98	0.06	0.00	0.24	2.50	(2.46)	3.70	(4.77)	15.12
OSW	1.22	0.18	0.14	0.25	1.12	(1.48)	3.27	(2.29)	8.13
LEAT	2.16	0.11	(0.02)	(0.08)	2.48	(3.29)	7.08	(5.20)	24.85
SEAS	1.85	(0.04)	(0.05)	0.04	2.18	(1.94)	3.85	(3.45)	10.32
FUN	1.64	(0.06)	(0.01)	0.08	2.01	(1.75)	3.54	(3.85)	9.00

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