Genesco Correlations

GCO Stock

USD 19.69 1.06 5.11%

The current 90-days correlation between Genesco and Citi Trends is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Genesco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genesco moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Genesco Correlation With Market

Poor diversification

The correlation between Genesco and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genesco and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Genesco Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genesco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Genesco Stock, please use our How to Invest in Genesco guide.

Moving together with Genesco Stock

0.79	HD	Home Depot	Pair Corr
0.66	RH	RH	Pair Corr
0.84	VSCO	Victorias Secret	Pair Corr
0.68	ABG	Asbury Automotive	Pair Corr
0.8	ASO	Academy Sports Outdoors	Pair Corr
0.88	BBY	Best Buy	Pair Corr
0.63	EYE	National Vision Holdings	Pair Corr
0.64	FND	Floor Decor Holdings	Pair Corr
0.65	GAP	Gap, Symbol Change	Pair Corr
0.78	GPC	Genuine Parts	Pair Corr
0.86	HVT	Haverty Furniture	Pair Corr
0.73	LAD	Lithia Motors	Pair Corr
0.63	LOW	Lowes Companies	Pair Corr
0.74	PETS	PetMed Express	Pair Corr
0.75	ARHS	Arhaus Inc	Pair Corr
0.61	TTSH	Tile Shop Holdings	Pair Corr
0.66	CPNG	Coupang LLC	Pair Corr
0.77	F	Ford Motor	Pair Corr
0.65	HOFT	Hooker Furniture	Pair Corr

Moving against Genesco Stock

0.47	GNLN	Greenlane Holdings Upward Rally	Pair Corr
0.4	JFBR	Jeffs Brands	Pair Corr
0.37	FWRG	First Watch Restaurant	Pair Corr
0.44	ZSPC	zSpace, Common stock	Pair Corr

Related Correlations Analysis

	CTRN	HIBB	BKE	ZUMZ	CATO	SCVL	TLYS	JILL	BURL
CTRN		0.0	0.91	-0.25	0.22	0.22	-0.56	-0.26	0.15	CTRN
HIBB	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HIBB
BKE	0.91	0.0		-0.03	0.38	0.39	-0.53	-0.24	0.2	BKE
ZUMZ	-0.25	0.0	-0.03		0.63	0.74	0.54	0.34	0.37	ZUMZ
CATO	0.22	0.0	0.38	0.63		0.83	0.32	0.05	0.19	CATO
SCVL	0.22	0.0	0.39	0.74	0.83		0.3	0.27	0.48	SCVL
TLYS	-0.56	0.0	-0.53	0.54	0.32	0.3		0.07	-0.33	TLYS
JILL	-0.26	0.0	-0.24	0.34	0.05	0.27	0.07		0.47	JILL
BURL	0.15	0.0	0.2	0.37	0.19	0.48	-0.33	0.47		BURL
	CTRN	HIBB	BKE	ZUMZ	CATO	SCVL	TLYS	JILL	BURL

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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

BKE	+ 0.91	CTRN
SCVL	+ 0.83	CATO
SCVL	+ 0.74	ZUMZ
CATO	+ 0.63	ZUMZ
TLYS	+ 0.54	ZUMZ
BURL	+ 0.48	SCVL

High negative correlations

TLYS	- 0.56	CTRN
TLYS	- 0.53	BKE
BURL	- 0.33	TLYS
JILL	- 0.26	CTRN
ZUMZ	- 0.25	CTRN
JILL	- 0.24	BKE

Risk-Adjusted Indicators

There is a big difference between Genesco Stock performing well and Genesco 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 Genesco'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
CTRN	3.13	0.71	0.20	0.55	2.97	(3.74)	8.03	(5.16)	27.59
HIBB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BKE	1.64	0.19	0.07	0.25	2.32	(1.87)	4.35	(2.94)	11.80
ZUMZ	2.85	(0.26)	0.00	(0.10)	0.00	0.00	5.12	(7.14)	25.22
CATO	4.14	(0.16)	0.00	(0.09)	0.00	0.00	11.79	(9.22)	27.91
SCVL	2.58	(0.18)	0.00	(0.08)	0.00	0.00	4.93	(5.03)	19.36
TLYS	5.81	(0.59)	0.00	(0.54)	0.00	0.00	12.39	(11.96)	39.41
JILL	2.74	(0.31)	0.00	(1.74)	0.00	0.00	5.16	(5.53)	25.26
BURL	2.09	(0.12)	0.00	(0.04)	0.00	0.00	3.51	(4.11)	21.94

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