Xcel Brands Correlations

XELB Stock

USD 0.69 0.02 2.82%

The current 90-days correlation between Xcel Brands and Talon International is 0.05 (i.e., Significant diversification). The correlation of Xcel Brands 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.

Xcel Brands Correlation With Market

Significant diversification

The correlation between Xcel Brands and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xcel Brands and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xcel Brands. 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 economic analysis.

For information on how to trade Xcel Stock refer to our How to Trade Xcel Stock guide.

Moving together with Xcel Stock

0.67

TLF

Tandy Leather Factory

Pair Corr

Moving against Xcel Stock

0.49	ZUMZ	Zumiez Inc	Pair Corr
0.38	DKS	Dicks Sporting Goods	Pair Corr
0.37	FND	Floor Decor Holdings	Pair Corr
0.37	WSM	Williams Sonoma	Pair Corr
0.34	HVT	Haverty Furniture	Pair Corr
0.55	ARHS	Arhaus Inc	Pair Corr
0.55	TH	Target Hospitality Corp	Pair Corr
0.38	DOOO	BRP Inc	Pair Corr
0.33	VIOT	Viomi Technology ADR	Pair Corr

Related Correlations Analysis

	TALN	HNNMY	UA	HMRZF	RYPPF	OXM	VNCE	ZGN	COLM
TALN		0.26	-0.26	0.23	0.38	0.39	0.11	0.47	-0.08	TALN
HNNMY	0.26		-0.35	0.87	0.46	0.37	0.65	0.4	-0.31	HNNMY
UA	-0.26	-0.35		-0.26	-0.49	-0.38	-0.22	-0.62	0.42	UA
HMRZF	0.23	0.87	-0.26		0.33	0.24	0.53	0.4	-0.32	HMRZF
RYPPF	0.38	0.46	-0.49	0.33		0.21	0.56	0.6	-0.22	RYPPF
OXM	0.39	0.37	-0.38	0.24	0.21		0.01	0.65	0.32	OXM
VNCE	0.11	0.65	-0.22	0.53	0.56	0.01		0.31	-0.14	VNCE
ZGN	0.47	0.4	-0.62	0.4	0.6	0.65	0.31		-0.09	ZGN
COLM	-0.08	-0.31	0.42	-0.32	-0.22	0.32	-0.14	-0.09		COLM
	TALN	HNNMY	UA	HMRZF	RYPPF	OXM	VNCE	ZGN	COLM

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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

HMRZF	+ 0.87	HNNMY
VNCE	+ 0.65	HNNMY
ZGN	+ 0.65	OXM
ZGN	+ 0.6	RYPPF
VNCE	+ 0.56	RYPPF
VNCE	+ 0.53	HMRZF

High negative correlations

ZGN	- 0.62	UA
RYPPF	- 0.49	UA
OXM	- 0.38	UA
UA	- 0.35	HNNMY
COLM	- 0.32	HMRZF
COLM	- 0.31	HNNMY

Risk-Adjusted Indicators

There is a big difference between Xcel Stock performing well and Xcel Brands 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 Xcel Brands' 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
TALN	4.39	0.56	0.00	1.07	0.00	0.00	30.00	(21.43)	61.43
HNNMY	1.19	(0.22)	0.00	(0.32)	0.00	0.00	2.64	(2.29)	8.57
UA	2.50	0.26	0.05	1.07	2.92	(3.47)	5.76	(4.27)	35.20
HMRZF	0.89	(0.05)	0.00	(0.15)	0.00	0.00	3.80	(3.97)	20.52
RYPPF	8.61	1.03	0.01	(0.08)	11.75	(35.92)	31.15	(28.24)	136.36
OXM	1.48	(0.17)	(0.07)	0.00	1.83	(1.58)	3.18	(3.12)	8.17
VNCE	2.88	(0.05)	(0.02)	0.07	3.73	(3.58)	6.29	(7.25)	35.35
ZGN	2.24	(0.38)	0.00	(0.57)	0.00	0.00	4.20	(5.68)	14.37
COLM	1.20	0.06	0.00	0.24	1.43	(1.17)	2.53	(2.14)	7.71

Xcel Brands Corporate Management

Seth Burroughs	Executive VP of Bus. Devel. and Treasury and Secretary	Profile
Lori Shea	VP Operations	Profile
Judith Berk	Chief Licensing	Profile
Ken Downing	Chief Officer	Profile

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