Zumiez Correlations

ZUMZ Stock

USD 14.97 0.65 4.54%

The current 90-days correlation between Zumiez Inc and Duluth Holdings is -0.01 (i.e., Good diversification). The correlation of Zumiez 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.

Zumiez Correlation With Market

Weak diversification

The correlation between Zumiez Inc and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zumiez Inc 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 Zumiez 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 population.

Moving together with Zumiez Stock

0.86	M	Macys Inc	Pair Corr
0.68	W	Wayfair	Pair Corr
0.88	FL	Foot Locker Sell-off Trend	Pair Corr
0.87	LE	Lands End Earnings Call This Week	Pair Corr
0.74	DLTH	Duluth Holdings	Pair Corr
0.9	VSCO	Victorias Secret	Pair Corr
0.8	EDUC	Educational Development	Pair Corr
0.74	ETSY	Etsy Inc	Pair Corr
0.82	WINA	Winmark	Pair Corr
0.92	EVGO	Evgo Inc	Pair Corr
0.92	WOOF	Pet Acquisition LLC	Pair Corr
0.91	FIVE	Five Below	Pair Corr
0.81	AEO	American Eagle Outfitters	Pair Corr
0.84	AKA	AKA Brands Holding	Pair Corr
0.89	ANF	Abercrombie Fitch	Pair Corr
0.78	ASO	Academy Sports Outdoors	Pair Corr
0.92	AZI	Autozi Internet Tech	Pair Corr
0.7	BBW	Build A Bear	Pair Corr
0.74	BGI	Birks Group	Pair Corr
0.81	BKE	Buckle Inc	Pair Corr
0.96	CAL	Continental	Pair Corr

Moving against Zumiez Stock

0.74	VIPS	Vipshop Holdings	Pair Corr
0.69	JD	JD Inc Adr Sell-off Trend	Pair Corr
0.59	EBAY	eBay Inc	Pair Corr
0.48	JL	J Long Group	Pair Corr
0.68	AZO	AutoZone	Pair Corr

Related Correlations Analysis

	DLTH	JILL	SCVL	CATO	HIBB	CTRN	BKE	GCO	TLYS	DXLG
DLTH		0.75	0.78	0.66	0.0	0.46	0.77	0.73	0.31	0.55	DLTH
JILL	0.75		0.72	0.81	0.0	0.77	0.94	0.96	0.62	0.9	JILL
SCVL	0.78	0.72		0.81	0.0	0.39	0.88	0.66	0.16	0.59	SCVL
CATO	0.66	0.81	0.81		0.0	0.66	0.85	0.78	0.3	0.74	CATO
HIBB	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HIBB
CTRN	0.46	0.77	0.39	0.66	0.0		0.64	0.81	0.61	0.72	CTRN
BKE	0.77	0.94	0.88	0.85	0.0	0.64		0.88	0.46	0.85	BKE
GCO	0.73	0.96	0.66	0.78	0.0	0.81	0.88		0.6	0.84	GCO
TLYS	0.31	0.62	0.16	0.3	0.0	0.61	0.46	0.6		0.63	TLYS
DXLG	0.55	0.9	0.59	0.74	0.0	0.72	0.85	0.84	0.63		DXLG
	DLTH	JILL	SCVL	CATO	HIBB	CTRN	BKE	GCO	TLYS	DXLG

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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

GCO	+ 0.96	JILL
BKE	+ 0.94	JILL
DXLG	+ 0.9	JILL
BKE	+ 0.88	SCVL
GCO	+ 0.88	BKE
BKE	+ 0.85	CATO

High negative correlations

DXLG	- 0.0	HIBB
TLYS	- 0.0	HIBB
GCO	- 0.0	HIBB
BKE	- 0.0	HIBB
CTRN	- 0.0	HIBB
HIBB	- 0.0	CATO

Risk-Adjusted Indicators

There is a big difference between Zumiez Stock performing well and Zumiez 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 Zumiez'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
DLTH	2.35	(0.58)	(0.78)	6.55	(5.50)	23.15
JILL	1.87	(0.47)	(0.53)	3.60	(5.06)	10.29
SCVL	1.95	(0.61)	(1.37)	3.24	(4.74)	10.20
CATO	2.67	(0.09)	(0.76)	6.16	(4.26)	16.95
HIBB	0.00	0.00	0.00	0.00	0.00	0.00
CTRN	2.50	0.00	(0.10)	3.63	(5.96)	24.44
BKE	1.38	(0.32)	(0.45)	2.25	(3.03)	5.86
GCO	2.57	(0.83)	(0.60)	4.69	(6.50)	22.52
TLYS	2.92	(0.46)	(0.55)	6.52	(7.58)	27.67
DXLG	2.60	(0.19)	(0.23)	5.24	(5.24)	28.02

Zumiez Corporate Executives

Elected by the shareholders, the Zumiez's board of directors comprises two types of representatives: Zumiez inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zumiez. The board's role is to monitor Zumiez's management team and ensure that shareholders' interests are well served. Zumiez's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Zumiez's outside directors are responsible for providing unbiased perspectives on the board's policies.

Christopher Work

CFO and Principal Accounting Officer

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