Fossil Group Correlations
| FOSLL Stock | USD 13.81 0.02 0.14% |
The current 90-days correlation between Fossil Group 7 and Atlanticus Holdings is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fossil Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fossil Group 7 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Fossil Group Correlation With Market
Average diversification
The correlation between Fossil Group 7 and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fossil Group 7 and DJI in the same portfolio, assuming nothing else is changed.
Fossil |
Moving against Fossil Stock
| 0.59 | CODI-PC | Compass Diversified | PairCorr |
| 0.51 | CODI-PA | Compass Diversified | PairCorr |
| 0.51 | CODI-PB | Compass Diversified | PairCorr |
Related Correlations Analysis
| 0.79 | 0.7 | 0.73 | 0.62 | ATLCL | ||
| 0.79 | 0.77 | 0.79 | 0.65 | HROWL | ||
| 0.7 | 0.77 | 0.92 | 0.49 | TELZ | ||
| 0.73 | 0.79 | 0.92 | 0.43 | GREEL | ||
| 0.62 | 0.65 | 0.49 | 0.43 | METCL | ||
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Risk-Adjusted Indicators
There is a big difference between Fossil Stock performing well and Fossil Group 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 Fossil Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATLCL | 0.47 | 0.09 | (0.04) | 4.14 | 0.41 | 1.02 | 2.58 | |||
| HROWL | 0.19 | 0.03 | (0.33) | (0.58) | 0.16 | 0.48 | 1.60 | |||
| TELZ | 0.61 | 0.12 | 0.04 | 0.55 | 0.60 | 1.97 | 4.40 | |||
| GREEL | 1.72 | 0.30 | 0.10 | 1.42 | 1.68 | 5.00 | 9.86 | |||
| METCL | 0.34 | 0.04 | (0.17) | (0.59) | 0.32 | 1.10 | 2.40 |