MarineMax Correlations

HZO Stock

USD 27.69 0.09 0.32%

The current 90-days correlation between MarineMax and Boot Barn Holdings is 0.64 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MarineMax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MarineMax moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MarineMax Correlation With Market

Good diversification

The correlation between MarineMax and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MarineMax and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MarineMax Stock

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

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

Moving together with MarineMax Stock

0.66	FL	Foot Locker Sell-off Trend	Pair Corr
0.74	JL	J Long Group	Pair Corr
0.76	EPSM	Epsium Enterprise	Pair Corr
0.69	WEYS	Weyco Group	Pair Corr
0.85	ABG	Asbury Automotive	Pair Corr
0.8	ASO	Academy Sports Outdoors	Pair Corr
0.71	BBY	Best Buy	Pair Corr
0.81	EYE	National Vision Holdings	Pair Corr
0.62	GCO	Genesco	Pair Corr
0.94	GES	Guess Inc	Pair Corr
0.88	LAD	Lithia Motors	Pair Corr
0.74	PHH	Park Ha Biological	Pair Corr
0.61	TLF	Tandy Leather Factory	Pair Corr

Moving against MarineMax Stock

0.69	GNLN	Greenlane Holdings	Pair Corr
0.67	RAY	Raytech Holding	Pair Corr
0.59	DIT	AMCON Distributing	Pair Corr
0.39	CAL	Continental	Pair Corr
0.6	JFBR	Jeffs Brands	Pair Corr
0.51	HTLM	HomesToLife	Pair Corr
0.4	LVLU	Lulus Fashion Lounge	Pair Corr

Related Correlations Analysis

	JRSH	BOOT	GOOS	VSCO	JL	SKX	BXP	ANF
JRSH		0.69	0.59	0.51	0.67	0.81	0.6	0.7	JRSH
BOOT	0.69		0.91	0.7	0.89	0.88	0.8	0.66	BOOT
GOOS	0.59	0.91		0.51	0.93	0.76	0.77	0.64	GOOS
VSCO	0.51	0.7	0.51		0.37	0.67	0.44	0.5	VSCO
JL	0.67	0.89	0.93	0.37		0.79	0.79	0.65	JL
SKX	0.81	0.88	0.76	0.67	0.79		0.71	0.65	SKX
BXP	0.6	0.8	0.77	0.44	0.79	0.71		0.58	BXP
ANF	0.7	0.66	0.64	0.5	0.65	0.65	0.58		ANF
	JRSH	BOOT	GOOS	VSCO	JL	SKX	BXP	ANF

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Risk-Adjusted Indicators

There is a big difference between MarineMax Stock performing well and MarineMax 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 MarineMax'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
JRSH	1.56	(0.03)	0.00	(0.37)	0.00	0.00	3.81	(4.67)	10.92
BOOT	2.91	0.76	0.15	(3.30)	3.40	(3.13)	6.00	(4.53)	20.86
GOOS	2.65	0.66	0.17	(2.01)	2.71	(3.20)	6.94	(4.44)	24.42
VSCO	3.69	0.31	0.03	(75.49)	5.51	(3.59)	6.13	(6.88)	30.82
JL	3.29	0.85	0.15	(1.03)	3.78	(3.60)	7.10	(6.24)	23.50
SKX	1.70	0.24	0.03	(2.39)	2.85	(1.78)	3.29	(3.96)	24.75
BXP	1.62	0.08	(0.01)	(0.81)	2.43	(1.57)	3.73	(3.48)	13.58
ANF	3.14	0.38	0.06	(0.85)	3.58	(4.16)	6.54	(5.49)	21.61

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