Guess Correlations

Stocks . USA . 
Stock . Guess Inc
GES Stock  USD 12.98  0.04  0.31%   
The current 90-days correlation between Guess Inc and Vornado Realty Trust is 0.37 (i.e., Weak diversification). The correlation of Guess 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.

Guess Correlation With Market

Very weak diversification

The correlation between Guess Inc and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guess Inc and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Guess Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guess 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 income.

Moving together with Guess Stock

  0.61HD Home Depot Sell-off TrendPairCorr
  0.64JL J Long GroupPairCorr
  0.68EPSM Epsium EnterprisePairCorr
  0.71WEYS Weyco GroupPairCorr
  0.8ABG Asbury AutomotivePairCorr
  0.63ANF Abercrombie FitchPairCorr
  0.77ASO Academy Sports OutdoorsPairCorr
  0.77BBY Best BuyPairCorr
  0.75EYE National Vision HoldingsPairCorr
  0.67GCO GenescoPairCorr
  0.65GPC Genuine PartsPairCorr
  0.84LAD Lithia MotorsPairCorr
  0.66PHH Park Ha BiologicalPairCorr

Moving against Guess Stock

  0.6RAY Raytech HoldingPairCorr
  0.49DIT AMCON DistributingPairCorr
  0.75GNLN Greenlane HoldingsPairCorr
  0.54JFBR Jeffs BrandsPairCorr
  0.54SG SweetgreenPairCorr
  0.51HTLM HomesToLifePairCorr
  0.44LVLU Lulus Fashion LoungePairCorr
  0.33GV Visionary EducationPairCorr

Related Correlations Analysis

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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   
HTB
+ 0.93
AEG
AEG
+ 0.84
VNO-PL
HTB
+ 0.84
VNO-PL
VGRDF
+ 0.82
AEG
HTB
+ 0.79
ONL
ONL
+ 0.76
IGI
  
High negative correlations   
HKCVF
- 0.39
IGI
HKCVF
- 0.03
ONL

Risk-Adjusted Indicators

There is a big difference between Guess Stock performing well and Guess 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 Guess' 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.

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