Allbirds Correlations

BIRD Stock

USD 7.99 0.18 2.30%

The current 90-days correlation between Allbirds and Lulus Fashion Lounge is 0.18 (i.e., Average diversification). The correlation of Allbirds 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.

Allbirds Correlation With Market

Average diversification

The correlation between Allbirds and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allbirds and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allbirds. 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 Allbirds Stock refer to our How to Trade Allbirds Stock guide.

Moving together with Allbirds Stock

0.78	DOOO	BRP Inc	Pair Corr
0.66	EZGO	EZGO Technologies	Pair Corr
0.78	FEBO	Fenbo Holdings	Pair Corr
0.62	SKX	Skechers USA	Pair Corr
0.63	JXJT	JX Luxventure Limited	Pair Corr
0.66	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr
0.76	LIVE	Live Ventures Fiscal Year End 18th of December 2024	Pair Corr
0.72	RCKY	Rocky Brands	Pair Corr

Moving against Allbirds Stock

0.8	KTB	Kontoor Brands	Pair Corr
0.79	RL	Ralph Lauren Corp	Pair Corr
0.79	UAA	Under Armour A Aggressive Push	Pair Corr
0.75	UA	Under Armour C	Pair Corr
0.61	PVH	PVH Corp Earnings Call This Week	Pair Corr
0.6	DOGZ	Dogness International	Pair Corr
0.58	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr
0.55	FOSL	Fossil Group	Pair Corr
0.55	UHG	United Homes Group	Pair Corr
0.71	GM	General Motors	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.6	SONO	Sonos Inc Sell-off Trend	Pair Corr
0.47	RH	RH Earnings Call This Week	Pair Corr
0.46	F	Ford Motor Aggressive Push	Pair Corr

Related Correlations Analysis

	SFIX	GCO	SCVL	LVLU	BURL	PLCE	AEO	GPS	GES
SFIX		0.55	-0.22	-0.62	0.68	0.11	-0.69	0.13	-0.42	SFIX
GCO	0.55		-0.35	-0.4	0.5	0.06	-0.31	-0.29	-0.3	GCO
SCVL	-0.22	-0.35		0.35	0.1	0.0	0.57	0.4	0.82	SCVL
LVLU	-0.62	-0.4	0.35		-0.53	0.21	0.51	-0.25	0.31	LVLU
BURL	0.68	0.5	0.1	-0.53		0.2	-0.34	0.33	-0.06	BURL
PLCE	0.11	0.06	0.0	0.21	0.2		-0.07	0.01	-0.29	PLCE
AEO	-0.69	-0.31	0.57	0.51	-0.34	-0.07		-0.11	0.76	AEO
GPS	0.13	-0.29	0.4	-0.25	0.33	0.01	-0.11		0.23	GPS
GES	-0.42	-0.3	0.82	0.31	-0.06	-0.29	0.76	0.23		GES
	SFIX	GCO	SCVL	LVLU	BURL	PLCE	AEO	GPS	GES

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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

GES	+ 0.82	SCVL
GES	+ 0.76	AEO
BURL	+ 0.68	SFIX
AEO	+ 0.57	SCVL
GCO	+ 0.55	SFIX
AEO	+ 0.51	LVLU

High negative correlations

AEO	- 0.69	SFIX
LVLU	- 0.62	SFIX
BURL	- 0.53	LVLU
GES	- 0.42	SFIX
LVLU	- 0.4	GCO
SCVL	- 0.35	GCO

Risk-Adjusted Indicators

There is a big difference between Allbirds Stock performing well and Allbirds 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 Allbirds' 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
SFIX	3.48	0.22	0.06	0.20	7.49	(3.90)	9.04	(5.67)	48.51
GCO	3.12	(0.05)	0.03	0.10	3.52	(3.56)	8.10	(5.73)	16.22
SCVL	2.04	(0.49)	0.00	(0.13)	0.00	0.00	5.16	(4.39)	16.24
LVLU	4.45	0.13	0.01	0.59	5.58	(4.91)	10.00	(10.62)	46.00
BURL	1.36	(0.03)	(0.03)	0.09	2.03	(1.25)	2.37	(2.77)	9.11
PLCE	7.88	2.04	0.31	1.11	6.05	(10.03)	24.62	(11.60)	107.65
AEO	1.85	(0.27)	0.00	(0.17)	0.00	0.00	3.55	(4.27)	10.31
GPS	2.96	0.44	0.05	(0.19)	2.65	(4.19)	6.38	(4.61)	36.06
GES	1.75	(0.45)	0.00	(0.19)	0.00	0.00	3.44	(3.88)	11.11

Allbirds Corporate Management

Timothy Brown	CoCEO CoFounder	Profile
Michael Bufano	Chief Officer	Profile
Benny Joseph	Chief Officer	Profile
Adrian Nyman	Chief Officer	Profile
Kate Ridley	Chief Officer	Profile
Sandeep Verma	Chief Officer	Profile

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