Designer Brands Correlations

DBI Stock

USD 3.42 0.49 16.72%

The current 90-days correlation between Designer Brands and Wolverine World Wide is 0.04 (i.e., Significant diversification). The correlation of Designer 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.

Designer Brands Correlation With Market

Good diversification

The correlation between Designer Brands and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Designer Brands and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Designer Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Designer 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 labor statistics.

For more detail on how to invest in Designer Stock please use our How to Invest in Designer Brands guide.

Moving together with Designer Stock

0.76	VSCO	Victorias Secret	Pair Corr
0.64	AEO	American Eagle Outfitters	Pair Corr
0.69	PLCE	Childrens Place Trending	Pair Corr
0.73	ROST	Ross Stores	Pair Corr
0.63	HPQ	HP Inc	Pair Corr

Moving against Designer Stock

0.47	XOM	Exxon Mobil Corp	Pair Corr
0.34	FVR	FrontView REIT,	Pair Corr

Related Correlations Analysis

	WWW	WEYS	SHOO	RCKY	CAL	VRA
WWW		0.8	0.87	0.91	-0.39	0.64	WWW
WEYS	0.8		0.8	0.79	-0.14	0.55	WEYS
SHOO	0.87	0.8		0.83	-0.05	0.62	SHOO
RCKY	0.91	0.79	0.83		-0.36	0.6	RCKY
CAL	-0.39	-0.14	-0.05	-0.36		-0.37	CAL
VRA	0.64	0.55	0.62	0.6	-0.37		VRA
	WWW	WEYS	SHOO	RCKY	CAL	VRA

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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	+ 0.91	WWW
SHOO	+ 0.87	WWW
RCKY	+ 0.83	SHOO
WEYS	+ 0.8	WWW
SHOO	+ 0.8	WEYS
RCKY	+ 0.79	WEYS

High negative correlations

CAL	- 0.39	WWW
VRA	- 0.37	CAL
CAL	- 0.36	RCKY
CAL	- 0.14	WEYS
CAL	- 0.05	SHOO

Risk-Adjusted Indicators

There is a big difference between Designer Stock performing well and Designer 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 Designer 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
WWW	2.49	0.84	0.37	0.61	1.80	(3.03)	6.67	(2.75)	16.69
WEYS	1.74	0.13	(0.01)	1.46	2.03	(1.85)	4.23	(3.25)	10.35
SHOO	2.72	0.17	0.15	0.24	2.27	(3.44)	6.31	(3.77)	23.15
RCKY	3.19	0.95	0.28	0.74	2.87	(3.81)	6.75	(2.49)	70.57
CAL	3.06	0.16	0.00	0.01	0.00	0.00	6.01	(6.17)	33.77
VRA	5.08	0.07	0.07	0.19	5.47	(6.01)	11.76	(7.78)	43.24

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