Urban Outfitters Correlations

Urban Outfitters Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Urban Outfitters. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in Urban Stock, please use our How to Invest in Urban Outfitters guide.

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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    EXPR + 0.78 FL EXPR + 0.69 BURL EXPR + 0.44 GPS LULU + 0.44 PLCE BURL + 0.43 FL FL + 0.39 AEO

High negative correlations    HIBB - 0.6 FL EXPR - 0.57 LULU LULU - 0.53 FL LULU - 0.51 AEO LULU - 0.46 GPS EXPR - 0.45 HIBB

Risk-Adjusted Indicators

There is a big difference between Urban Stock performing well and Urban Outfitters 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 Urban Outfitters' 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.