YETI Holdings Correlations

YETI Stock

USD 34.69 0.43 1.26%

The current 90-days correlation between YETI Holdings and Acushnet Holdings Corp is 0.45 (i.e., Very weak diversification). The correlation of YETI Holdings 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.

YETI Holdings Correlation With Market

Weak diversification

The correlation between YETI Holdings and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YETI Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YETI Holdings. 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.

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

Moving together with YETI Stock

0.76	CRI	Carters	Pair Corr
0.72	DHI	DR Horton	Pair Corr
0.76	DTC	Solo Brands	Pair Corr
0.69	KTB	Kontoor Brands	Pair Corr
0.87	LEN	Lennar	Pair Corr
0.76	NVR	NVR Inc	Pair Corr
0.69	OXM	Oxford Industries Earnings Call This Week	Pair Corr
0.69	PHM	PulteGroup	Pair Corr
0.83	VRA	Vera Bradley	Pair Corr
0.72	WWW	Wolverine World Wide	Pair Corr
0.84	JOUT	Johnson Outdoors	Pair Corr
0.82	SHOO	Steven Madden	Pair Corr
0.66	CLAR	Clarus Corp	Pair Corr
0.71	DECK	Deckers Outdoor	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.64	WEYS	Weyco Group	Pair Corr

Moving against YETI Stock

0.36	MAT	Mattel Inc	Pair Corr
0.7	AGS	PlayAGS	Pair Corr
0.69	VIPS	Vipshop Holdings	Pair Corr
0.6	AZO	AutoZone	Pair Corr
0.57	LTH	Life Time Group	Pair Corr
0.55	PDD	PDD Holdings Buyout Trend	Pair Corr
0.54	JD	JD Inc Adr Aggressive Push	Pair Corr
0.54	YUM	Yum Brands	Pair Corr
0.52	EVRI	Everi Holdings	Pair Corr
0.52	LNW	Light Wonder	Pair Corr
0.39	GPC	Genuine Parts	Pair Corr
0.34	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	GOLF	BOWL	MSGE	SEAS	MODG	JOUT	XPOF	SIX	LTH	MAT
GOLF		0.67	-0.05	0.0	0.56	0.72	0.0	0.0	-0.74	-0.6	GOLF
BOWL	0.67		-0.24	0.0	0.4	0.45	-0.35	0.0	-0.74	-0.65	BOWL
MSGE	-0.05	-0.24		0.0	0.53	0.25	0.83	0.0	0.28	0.13	MSGE
SEAS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SEAS
MODG	0.56	0.4	0.53	0.0		0.79	0.57	0.0	-0.51	-0.61	MODG
JOUT	0.72	0.45	0.25	0.0	0.79		0.36	0.0	-0.76	-0.71	JOUT
XPOF	0.0	-0.35	0.83	0.0	0.57	0.36		0.0	0.2	0.05	XPOF
SIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SIX
LTH	-0.74	-0.74	0.28	0.0	-0.51	-0.76	0.2	0.0		0.78	LTH
MAT	-0.6	-0.65	0.13	0.0	-0.61	-0.71	0.05	0.0	0.78		MAT
	GOLF	BOWL	MSGE	SEAS	MODG	JOUT	XPOF	SIX	LTH	MAT

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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

XPOF	+ 0.83	MSGE
JOUT	+ 0.79	MODG
MAT	+ 0.78	LTH
JOUT	+ 0.72	GOLF
BOWL	+ 0.67	GOLF
XPOF	+ 0.57	MODG

High negative correlations

LTH	- 0.76	JOUT
LTH	- 0.74	BOWL
LTH	- 0.74	GOLF
MAT	- 0.71	JOUT
MAT	- 0.65	BOWL
MAT	- 0.61	MODG

Risk-Adjusted Indicators

There is a big difference between YETI Stock performing well and YETI Holdings 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 YETI Holdings' 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
GOLF	1.49	(0.14)	0.00	(0.62)	0.00	0.00	2.78	(3.04)	11.60
BOWL	2.33	0.16	0.10	(0.47)	2.58	(2.68)	5.15	(4.84)	12.71
MSGE	1.49	(0.04)	0.00	(0.16)	0.00	0.00	3.06	(2.51)	12.19
SEAS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MODG	2.73	(0.21)	0.00	(0.23)	0.00	0.00	4.55	(5.18)	19.75
JOUT	1.89	(0.42)	0.00	(0.68)	0.00	0.00	3.95	(4.26)	13.35
XPOF	3.87	(0.52)	0.00	(4.90)	0.00	0.00	7.08	(8.06)	47.84
SIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LTH	1.69	0.51	0.19	0.59	2.25	(1.73)	3.18	(3.29)	12.68
MAT	1.31	0.15	0.09	0.11	1.69	(1.33)	2.20	(2.73)	19.38

YETI Holdings Corporate Management

Brain Dengler	Senior Vice President - Product	Profile
Frank Gibeau	Independent Director	Profile
Brian Dengler	Senior Vice President - Product	Profile
Marty Duff	VP Operations	Profile
Michael Kienitz	Senior Vice President - Operations	Profile
Roy Seiders	Director	Profile

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