Abercrombie Fitch Correlations
| ANF Stock | USD 128.76 0.00 0.00% |
The correlation of Abercrombie Fitch 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Abercrombie Fitch moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abercrombie Fitch moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Abercrombie Fitch and NYA is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abercrombie Fitch and NYA in the same portfolio, assuming nothing else is changed.
Abercrombie |
The ability to find closely correlated positions to Abercrombie Fitch could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abercrombie Fitch when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Abercrombie Fitch - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Abercrombie Fitch to buy it.
Moving against Abercrombie Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Abercrombie Stock performing well and Abercrombie Fitch 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 Abercrombie Fitch'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GPS | 2.22 | 0.07 | 0.04 | 0.09 | 2.43 | 5.52 | 12.81 | |||
| URBN | 1.87 | (0.04) | (0.01) | 0.02 | 3.01 | 3.36 | 16.62 | |||
| FL | 2.77 | (0.44) | 0.00 | (0.23) | 0.00 | 5.65 | 35.53 | |||
| PLCE | 7.31 | (1.09) | 0.00 | (0.09) | 0.00 | 16.46 | 99.19 | |||
| AEO | 1.75 | 0.23 | 0.13 | 0.17 | 1.82 | 3.95 | 8.73 | |||
| LULU | 1.51 | (0.54) | 0.00 | (0.24) | 0.00 | 2.26 | 19.13 | |||
| BURL | 1.55 | (0.18) | 0.00 | (0.05) | 0.00 | 3.39 | 11.97 | |||
| HIBB | 2.18 | 0.29 | 0.13 | 0.16 | 2.26 | 4.50 | 19.32 | |||
| EXPR | 5.25 | (2.03) | 0.00 | 4.71 | 0.00 | 6.45 | 60.18 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Abercrombie Fitch without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Dashboard Now
Portfolio DashboardPortfolio dashboard that provides centralized access to all your investments |
| All Next | Launch Module |
Abercrombie Fitch Corporate Directors
Abercrombie Fitch corporate directors refer to members of an Abercrombie Fitch board of directors. The board of directors generally takes responsibility for the Abercrombie Fitch's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Abercrombie Fitch's board members must vote for the resolution. The Abercrombie Fitch board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Michael Greenlees | Independent Director | Profile | |
| Bonnie Brooks | Independent Director | Profile | |
| James Bachmann | Independent Director | Profile | |
| Stephanie Shern | Independent Director | Profile |
Already Invested in Abercrombie Fitch?
The danger of trading Abercrombie Fitch is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Abercrombie Fitch is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Abercrombie Fitch. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Abercrombie Fitch is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Abercrombie Fitch is a strong investment it is important to analyze Abercrombie Fitch's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Abercrombie Fitch's future performance. For an informed investment choice regarding Abercrombie Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abercrombie Fitch. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Abercrombie Stock please use our How to Invest in Abercrombie Fitch guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Abercrombie Stock analysis
When running Abercrombie Fitch's price analysis, check to measure Abercrombie Fitch's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abercrombie Fitch is operating at the current time. Most of Abercrombie Fitch's value examination focuses on studying past and present price action to predict the probability of Abercrombie Fitch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abercrombie Fitch's price. Additionally, you may evaluate how the addition of Abercrombie Fitch to your portfolios can decrease your overall portfolio volatility.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |
Is Abercrombie Fitch's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Abercrombie Fitch. If investors know Abercrombie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Abercrombie Fitch listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.99 | Earnings Share 6.22 | Revenue Per Share 85.188 | Quarterly Revenue Growth 0.211 | Return On Assets 0.1079 |
The market value of Abercrombie Fitch is measured differently than its book value, which is the value of Abercrombie that is recorded on the company's balance sheet. Investors also form their own opinion of Abercrombie Fitch's value that differs from its market value or its book value, called intrinsic value, which is Abercrombie Fitch's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Abercrombie Fitch's market value can be influenced by many factors that don't directly affect Abercrombie Fitch's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Abercrombie Fitch's value and its price as these two are different measures arrived at by different means. Investors typically determine if Abercrombie Fitch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abercrombie Fitch's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.