MarineMax Correlations

HZO Stock

USD 32.52 0.36 1.12%

The current 90-days correlation between MarineMax and National Vision Holdings is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MarineMax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MarineMax moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MarineMax Correlation With Market

Poor diversification

The correlation between MarineMax and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MarineMax and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in MarineMax. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with MarineMax Stock

0.71	ASO	Academy Sports Outdoors Earnings Call Today	Pair Corr
0.64	HVT	Haverty Furniture	Pair Corr
0.75	ARHS	Arhaus Inc	Pair Corr
0.64	WING	Wingstop	Pair Corr

Moving against MarineMax Stock

0.52	DOGZ	Dogness International Upward Rally	Pair Corr
0.37	ZK	ZEEKR Intelligent	Pair Corr

Related Correlations Analysis

	EYE	SBH	SPWH	FLWS	BGFV	LESL	CONN	ODP	BBW	CASY
EYE		0.58	-0.33	0.27	-0.56	0.36	-0.36	-0.55	0.27	0.55	EYE
SBH	0.58		0.03	0.21	-0.18	0.09	-0.19	-0.12	0.19	0.23	SBH
SPWH	-0.33	0.03		0.03	0.68	-0.19	0.23	0.54	-0.11	-0.38	SPWH
FLWS	0.27	0.21	0.03		-0.12	-0.06	-0.28	0.09	0.2	0.3	FLWS
BGFV	-0.56	-0.18	0.68	-0.12		-0.19	0.49	0.48	-0.37	-0.6	BGFV
LESL	0.36	0.09	-0.19	-0.06	-0.19		0.04	-0.29	0.04	0.18	LESL
CONN	-0.36	-0.19	0.23	-0.28	0.49	0.04		0.21	-0.91	-0.86	CONN
ODP	-0.55	-0.12	0.54	0.09	0.48	-0.29	0.21		-0.03	-0.5	ODP
BBW	0.27	0.19	-0.11	0.2	-0.37	0.04	-0.91	-0.03		0.72	BBW
CASY	0.55	0.23	-0.38	0.3	-0.6	0.18	-0.86	-0.5	0.72		CASY
	EYE	SBH	SPWH	FLWS	BGFV	LESL	CONN	ODP	BBW	CASY

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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

CASY	+ 0.72	BBW
BGFV	+ 0.68	SPWH
SBH	+ 0.58	EYE
CASY	+ 0.55	EYE
ODP	+ 0.54	SPWH
CONN	+ 0.49	BGFV

High negative correlations

BBW	- 0.91	CONN
CASY	- 0.86	CONN
CASY	- 0.6	BGFV
BGFV	- 0.56	EYE
ODP	- 0.55	EYE
CASY	- 0.5	ODP

Risk-Adjusted Indicators

There is a big difference between MarineMax Stock performing well and MarineMax 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 MarineMax'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
EYE	1.89	0.23	0.08	0.55	1.87	(2.19)	4.82	(2.84)	10.35
SBH	1.93	(0.01)	0.01	0.12	1.81	(2.36)	4.86	(2.78)	12.66
SPWH	3.66	(0.35)	0.00	(0.20)	0.00	0.00	9.09	(6.37)	17.82
FLWS	1.89	(0.35)	0.00	(0.09)	0.00	0.00	3.87	(3.95)	13.16
BGFV	3.05	(0.28)	0.00	(0.12)	0.00	0.00	4.69	(8.47)	25.47
LESL	4.43	(0.29)	0.00	(0.09)	0.00	0.00	10.03	(9.12)	32.83
CONN	7.71	(4.90)	0.00	2.72	0.00	0.00	10.49	(28.10)	62.98
ODP	1.65	(0.11)	0.00	0.35	0.00	0.00	2.98	(3.73)	15.70
BBW	2.31	0.29	0.15	0.33	2.03	(2.74)	5.24	(4.23)	20.72
CASY	1.28	0.13	0.06	0.34	1.17	(1.56)	2.76	(2.09)	10.48

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