On Holding Correlations

ONON Stock

USD 58.33 0.43 0.74%

The current 90-days correlation between On Holding and Crocs Inc is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as On Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if On Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

On Holding Correlation With Market

Modest diversification

The correlation between On Holding and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding On Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in On Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in ONON Stock, please use our How to Invest in On Holding guide.

Moving together with ONON Stock

0.73	RL	Ralph Lauren Corp	Pair Corr
0.77	KTB	Kontoor Brands	Pair Corr
0.76	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr
0.67	PVH	PVH Corp Earnings Call This Week	Pair Corr
0.61	UAA	Under Armour A Aggressive Push	Pair Corr

Moving against ONON Stock

0.64	FEBO	Fenbo Holdings	Pair Corr
0.62	EZGO	EZGO Technologies	Pair Corr
0.56	DOOO	BRP Inc	Pair Corr
0.32	HAS	Hasbro Inc	Pair Corr
0.31	SKX	Skechers USA	Pair Corr
0.56	LIVE	Live Ventures Fiscal Year End 18th of December 2024	Pair Corr
0.55	WTO	UTime Limited	Pair Corr
0.53	LANV	Lanvin Group Holdings	Pair Corr
0.48	RCKY	Rocky Brands	Pair Corr
0.43	JXJT	JX Luxventure Limited	Pair Corr
0.43	PMNT	Perfect Moment	Pair Corr
0.34	GOOS	Canada Goose Holdings Sell-off Trend	Pair Corr
0.34	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr
0.34	CTHR	Charles Colvard	Pair Corr

Related Correlations Analysis

	CROX	SKX	NKE	DBI	DECK	SHOO	ADDYY	WWW	WEYS	RCKY
CROX		0.65	0.82	0.87	-0.73	0.63	0.78	-0.72	-0.72	0.93	CROX
SKX	0.65		0.6	0.68	-0.48	0.34	0.75	-0.5	-0.54	0.72	SKX
NKE	0.82	0.6		0.89	-0.5	0.77	0.76	-0.43	-0.5	0.74	NKE
DBI	0.87	0.68	0.89		-0.59	0.68	0.79	-0.53	-0.53	0.83	DBI
DECK	-0.73	-0.48	-0.5	-0.59		-0.27	-0.52	0.9	0.7	-0.72	DECK
SHOO	0.63	0.34	0.77	0.68	-0.27		0.71	-0.2	-0.28	0.55	SHOO
ADDYY	0.78	0.75	0.76	0.79	-0.52	0.71		-0.48	-0.57	0.73	ADDYY
WWW	-0.72	-0.5	-0.43	-0.53	0.9	-0.2	-0.48		0.75	-0.72	WWW
WEYS	-0.72	-0.54	-0.5	-0.53	0.7	-0.28	-0.57	0.75		-0.73	WEYS
RCKY	0.93	0.72	0.74	0.83	-0.72	0.55	0.73	-0.72	-0.73		RCKY
	CROX	SKX	NKE	DBI	DECK	SHOO	ADDYY	WWW	WEYS	RCKY

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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

RCKY	+ 0.93	CROX
WWW	+ 0.9	DECK
DBI	+ 0.89	NKE
DBI	+ 0.87	CROX
RCKY	+ 0.83	DBI
NKE	+ 0.82	CROX

High negative correlations

RCKY	- 0.73	WEYS
DECK	- 0.73	CROX
RCKY	- 0.72	WWW
RCKY	- 0.72	DECK
WEYS	- 0.72	CROX
WWW	- 0.72	CROX

Risk-Adjusted Indicators

There is a big difference between ONON Stock performing well and On Holding 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 On Holding'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
CROX	2.00	(0.47)	0.00	(0.98)	0.00	0.00	3.27	(4.25)	24.38
SKX	1.53	(0.14)	0.00	(0.23)	0.00	0.00	3.29	(3.41)	11.05
NKE	1.16	(0.10)	0.00	(0.21)	0.00	0.00	2.37	(2.31)	13.61
DBI	3.19	(0.65)	0.00	(0.41)	0.00	0.00	7.16	(7.83)	24.50
DECK	1.75	0.20	0.09	0.31	1.94	(1.87)	3.99	(3.72)	15.66
SHOO	1.36	(0.03)	(0.04)	0.09	1.69	(1.43)	2.96	(2.75)	8.41
ADDYY	1.41	(0.10)	0.00	9.65	0.00	0.00	3.59	(2.70)	12.13
WWW	2.38	0.80	0.39	1.00	1.40	(2.98)	4.90	(3.08)	38.90
WEYS	1.81	(0.19)	(0.01)	0.05	2.21	(2.05)	2.82	(3.22)	25.17
RCKY	2.20	(0.70)	0.00	(0.25)	0.00	0.00	4.07	(4.71)	30.74

On Holding Corporate Management

Gerald Marolf	Chief Officer	Profile
Alex Griffin	Head Marketing	Profile
Thilo Brunner	Chief Officer	Profile
Narek Verdian	Chief Officer	Profile
Olivier Bernhard	CoFounder Director	Profile
Caspar Coppetti	CoFounder CoChairman	Profile
Samuel Wenger	Chief Officer	Profile

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