Dr Martens Correlations

DOCMF Stock

USD 1.05 0.01 0.94%

The current 90-days correlation between Dr Martens plc and Steven Madden is 0.09 (i.e., Significant diversification). The correlation of Dr Martens 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.

Dr Martens Correlation With Market

Average diversification

The correlation between Dr Martens plc and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dr Martens plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Dr Martens could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dr Martens 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 Dr Martens - 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 Dr Martens plc to buy it.

Moving together with DOCMF Pink Sheet

0.74	NKE	Nike Inc Aggressive Push	Pair Corr
0.63	SKX	Skechers USA Earnings Call Tomorrow	Pair Corr
0.73	SMSEY	Samsonite International	Pair Corr
0.82	DIS	Walt Disney	Pair Corr
0.84	GOOGL	Alphabet Class A Earnings Call Tomorrow	Pair Corr
0.81	SF	Stifel Financial Earnings Call Today	Pair Corr
0.73	MRCR	Moro Corp	Pair Corr
0.67	MTLK	Metalink	Pair Corr
0.72	MFIN	Medallion Financial Corp Earnings Call This Week	Pair Corr
0.66	D	Dominion Energy	Pair Corr
0.9	UHT	Universal Health Realty Earnings Call Today	Pair Corr
0.9	ZS	Zscaler Sell-off Trend	Pair Corr
0.63	NREF-PA	NexPoint Real Estate	Pair Corr
0.67	ROG	Rogers Earnings Call Tomorrow	Pair Corr
0.87	AVNW	Aviat Networks	Pair Corr
0.78	FUTU	Futu Holdings Sell-off Trend	Pair Corr
0.86	NVDA	NVIDIA Aggressive Push	Pair Corr
0.84	C	Citigroup Aggressive Push	Pair Corr

Moving against DOCMF Pink Sheet

0.49	DECK	Deckers Outdoor Earnings Call Tomorrow	Pair Corr
0.79	Y7140WAG3	IDASAL 58 15	Pair Corr
0.4	OCX	OncoCyte Corp Symbol Change	Pair Corr

Related Correlations Analysis

	AREB	DBI	RBNW	CROX	DECK	NKE	SHOO	WEYS	CAL	RCKY
AREB		-0.05	0.0	-0.33	0.27	-0.63	-0.65	-0.62	0.42	-0.8	AREB
DBI	-0.05		0.0	0.6	0.57	0.02	0.48	0.3	0.55	0.27	DBI
RBNW	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	RBNW
CROX	-0.33	0.6	0.0		0.63	0.34	0.78	0.65	0.5	0.51	CROX
DECK	0.27	0.57	0.0	0.63		-0.31	0.13	0.09	0.77	-0.13	DECK
NKE	-0.63	0.02	0.0	0.34	-0.31		0.68	0.72	-0.32	0.7	NKE
SHOO	-0.65	0.48	0.0	0.78	0.13	0.68		0.81	0.02	0.83	SHOO
WEYS	-0.62	0.3	0.0	0.65	0.09	0.72	0.81		-0.14	0.81	WEYS
CAL	0.42	0.55	0.0	0.5	0.77	-0.32	0.02	-0.14		-0.35	CAL
RCKY	-0.8	0.27	0.0	0.51	-0.13	0.7	0.83	0.81	-0.35		RCKY
	AREB	DBI	RBNW	CROX	DECK	NKE	SHOO	WEYS	CAL	RCKY

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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	+ 0.83	SHOO
WEYS	+ 0.81	SHOO
RCKY	+ 0.81	WEYS
SHOO	+ 0.78	CROX
CAL	+ 0.77	DECK
WEYS	+ 0.72	NKE

High negative correlations

RCKY	- 0.8	AREB
SHOO	- 0.65	AREB
NKE	- 0.63	AREB
WEYS	- 0.62	AREB
RCKY	- 0.35	CAL
CROX	- 0.33	AREB

Risk-Adjusted Indicators

There is a big difference between DOCMF Pink Sheet performing well and Dr Martens 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 Dr Martens' 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
AREB	6.54	(2.48)	0.00	(0.41)	0.00	0.00	9.35	(13.51)	53.68
DBI	4.06	(0.12)	0.03	0.10	5.86	(4.15)	7.66	(7.89)	33.87
RBNW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CROX	2.04	0.01	0.05	0.14	1.76	(2.65)	4.87	(2.78)	15.77
DECK	2.14	(0.18)	(0.02)	0.04	4.01	(2.22)	3.94	(4.25)	25.09
NKE	1.86	0.28	0.19	0.32	1.46	(2.27)	4.12	(3.07)	18.60
SHOO	2.70	0.14	0.12	0.19	2.36	(3.42)	6.31	(3.77)	23.15
WEYS	1.74	(0.04)	0.01	0.11	2.03	(1.85)	4.23	(3.25)	10.35
CAL	3.06	(0.31)	0.00	(0.01)	0.00	0.00	6.01	(6.17)	33.77
RCKY	3.15	0.99	0.28	0.79	2.88	(3.75)	6.75	(2.49)	70.57

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Our tools can tell you how much better you can do entering a position in Dr Martens 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.

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Dr Martens Corporate Management

Meg Johnson	Chief Officer	Profile
Sue Gannon	Chief Officer	Profile
Emily Reichwald	G Sec	Profile
Lorenzo Moretti	Pres EMEA	Profile
Jon Mortimore	CFO Director	Profile
Kenneth Wilson	CEO Director	Profile
Sean ONeill	Chief Officer	Profile

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