Zumiez Correlations

ZUMZ Stock

USD 22.07 0.87 3.79%

The current 90-days correlation between Zumiez Inc and Movado Group is 0.25 (i.e., Modest diversification). The correlation of Zumiez 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Zumiez Correlation With Market

Modest diversification

The correlation between Zumiez Inc and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zumiez Inc 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 Zumiez Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Zumiez Stock

0.77	DKS	Dicks Sporting Goods	Pair Corr
0.62	TH	Target Hospitality Corp	Pair Corr
0.71	DOOO	BRP Inc	Pair Corr

Moving against Zumiez Stock

0.63	WOOF	Pet Acquisition LLC	Pair Corr
0.61	LOW	Lowes Companies Sell-off Trend	Pair Corr
0.59	HD	Home Depot	Pair Corr
0.57	RH	RH Earnings Call This Week	Pair Corr
0.52	FNKO	Funko Inc	Pair Corr
0.39	TLF	Tandy Leather Factory	Pair Corr
0.36	VSCO	Victorias Secret	Pair Corr
0.33	WRBY	Warby Parker	Pair Corr
0.57	RL	Ralph Lauren Corp	Pair Corr
0.56	TTSH	Tile Shop Holdings	Pair Corr
0.55	DOGZ	Dogness International	Pair Corr
0.38	VEEE	Twin Vee Powercats	Pair Corr
0.37	SN	SharkNinja,	Pair Corr
0.36	KIRK	Kirklands	Pair Corr
0.35	BC	Brunswick	Pair Corr
0.31	ORLY	OReilly Automotive	Pair Corr
0.55	AGS	PlayAGS	Pair Corr
0.54	EVRI	Everi Holdings	Pair Corr

Related Correlations Analysis

	CPRI	MOV	TPR	BRLT	SIG	LANV	MYTE	FOSL
CPRI		-0.05	-0.73	0.55	-0.13	0.33	-0.33	-0.46	CPRI
MOV	-0.05		-0.08	0.12	-0.2	0.04	-0.25	0.05	MOV
TPR	-0.73	-0.08		-0.4	0.59	-0.52	0.51	0.71	TPR
BRLT	0.55	0.12	-0.4		0.01	0.12	-0.63	-0.36	BRLT
SIG	-0.13	-0.2	0.59	0.01		-0.51	0.51	0.52	SIG
LANV	0.33	0.04	-0.52	0.12	-0.51		-0.38	-0.46	LANV
MYTE	-0.33	-0.25	0.51	-0.63	0.51	-0.38		0.5	MYTE
FOSL	-0.46	0.05	0.71	-0.36	0.52	-0.46	0.5		FOSL
	CPRI	MOV	TPR	BRLT	SIG	LANV	MYTE	FOSL

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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

FOSL	+ 0.71	TPR
SIG	+ 0.59	TPR
BRLT	+ 0.55	CPRI
FOSL	+ 0.52	SIG
MYTE	+ 0.51	TPR
MYTE	+ 0.51	SIG

High negative correlations

TPR	- 0.73	CPRI
MYTE	- 0.63	BRLT
LANV	- 0.52	TPR
LANV	- 0.51	SIG
FOSL	- 0.46	LANV
FOSL	- 0.46	CPRI

Risk-Adjusted Indicators

There is a big difference between Zumiez Stock performing well and Zumiez 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 Zumiez'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
CPRI	2.65	(0.59)	0.00	(0.18)	0.00	0.00	6.04	(4.25)	56.42
MOV	1.80	(0.36)	0.00	(0.16)	0.00	0.00	4.03	(3.21)	15.00
TPR	1.78	0.65	0.47	2.60	0.68	(2.47)	3.64	(1.76)	16.39
BRLT	3.13	(0.16)	(0.03)	0.01	3.47	(3.71)	7.69	(5.85)	17.39
SIG	1.79	0.10	0.09	0.19	2.05	(2.05)	4.34	(3.42)	19.25
LANV	3.97	0.01	0.00	0.12	0.00	0.00	11.18	(10.83)	26.86
MYTE	4.12	1.38	0.37	(1.09)	2.50	(6.07)	11.11	(4.39)	67.36
FOSL	3.52	0.56	0.09	(1.29)	3.67	(4.27)	8.91	(6.31)	19.38

Zumiez Corporate Executives

Elected by the shareholders, the Zumiez's board of directors comprises two types of representatives: Zumiez inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zumiez. The board's role is to monitor Zumiez's management team and ensure that shareholders' interests are well served. Zumiez's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Zumiez's outside directors are responsible for providing unbiased perspectives on the board's policies.

Christopher Work

CFO and Principal Accounting Officer

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