Johnson Outdoors Correlations

JOUT Stock

USD 30.94 0.34 1.09%

The current 90-days correlation between Johnson Outdoors and Escalade Incorporated is 0.22 (i.e., Modest diversification). The correlation of Johnson Outdoors 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.

Johnson Outdoors Correlation With Market

Very weak diversification

The correlation between Johnson Outdoors and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Outdoors and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Johnson Stock

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

For more information on how to buy Johnson Stock please use our How to Invest in Johnson Outdoors guide.

Moving together with Johnson Stock

0.89	AS	Amer Sports,	Pair Corr
0.97	BC	Brunswick Earnings Call This Week	Pair Corr
0.87	RL	Ralph Lauren Corp	Pair Corr
0.9	UA	Under Armour C	Pair Corr
0.92	DOOO	BRP Inc	Pair Corr
0.74	VUZI	Vuzix Corp Cmn	Pair Corr
0.9	BZH	Beazer Homes USA	Pair Corr
0.83	FOSL	Fossil Group	Pair Corr
0.71	DFH	Dream Finders Homes Downward Rally	Pair Corr
0.62	DHI	DR Horton	Pair Corr
0.66	TPH	TRI Pointe Homes Earnings Call This Week	Pair Corr
0.89	UAA	Under Armour A	Pair Corr
0.85	GPRO	GoPro Inc	Pair Corr
0.92	MBUU	Malibu Boats	Pair Corr
0.92	MCFT	MCBC Holdings	Pair Corr
0.82	MODG	Callaway Golf	Pair Corr
0.89	PLBY	Plby Group	Pair Corr
0.83	SONO	Sonos Inc	Pair Corr
0.93	BIRD	Allbirds	Pair Corr
0.89	F	Ford Motor Earnings Call This Week	Pair Corr
0.95	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.66	M	Macys Inc	Pair Corr
0.98	W	Wayfair	Pair Corr
0.79	DIBS	1StdibsCom	Pair Corr
0.95	AN	AutoNation	Pair Corr
0.93	BH	Biglari Holdings	Pair Corr

Moving against Johnson Stock

0.69	NWTG	Newton Golf Symbol Change	Pair Corr
0.62	CRI	Carters Earnings Call This Week	Pair Corr
0.57	VNCE	Vince Holding Corp	Pair Corr
0.51	ESCA	Escalade Incorporated Earnings Call This Week	Pair Corr
0.38	LULU	Lululemon Athletica	Pair Corr
0.81	SG	Sweetgreen	Pair Corr
0.57	TM	Toyota Motor	Pair Corr
0.52	JD	JD Inc Adr Aggressive Push	Pair Corr

Related Correlations Analysis

	ESCA	AOUT	PRKS	JAKK	CLAR	JBSS	WEYS	LKFN	MBUU
ESCA		0.61	0.13	-0.01	-0.54	-0.17	-0.09	-0.31	-0.3	ESCA
AOUT	0.61		-0.1	0.32	-0.63	-0.58	-0.02	-0.26	-0.27	AOUT
PRKS	0.13	-0.1		0.14	0.04	0.03	0.68	0.64	0.55	PRKS
JAKK	-0.01	0.32	0.14		0.26	-0.19	0.54	0.47	0.63	JAKK
CLAR	-0.54	-0.63	0.04	0.26		0.39	0.32	0.46	0.63	CLAR
JBSS	-0.17	-0.58	0.03	-0.19	0.39		-0.25	-0.17	-0.01	JBSS
WEYS	-0.09	-0.02	0.68	0.54	0.32	-0.25		0.86	0.82	WEYS
LKFN	-0.31	-0.26	0.64	0.47	0.46	-0.17	0.86		0.92	LKFN
MBUU	-0.3	-0.27	0.55	0.63	0.63	-0.01	0.82	0.92		MBUU
	ESCA	AOUT	PRKS	JAKK	CLAR	JBSS	WEYS	LKFN	MBUU

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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

MBUU	+ 0.92	LKFN
LKFN	+ 0.86	WEYS
MBUU	+ 0.82	WEYS
WEYS	+ 0.68	PRKS
LKFN	+ 0.64	PRKS
MBUU	+ 0.63	JAKK

High negative correlations

CLAR	- 0.63	AOUT
JBSS	- 0.58	AOUT
CLAR	- 0.54	ESCA
LKFN	- 0.31	ESCA
MBUU	- 0.3	ESCA
MBUU	- 0.27	AOUT

Risk-Adjusted Indicators

There is a big difference between Johnson Stock performing well and Johnson Outdoors 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 Johnson Outdoors' 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
ESCA	2.21	(0.47)	0.00	(0.17)	0.00	0.00	4.36	(4.82)	19.13
AOUT	2.70	(0.31)	0.00	(0.27)	0.00	0.00	5.28	(5.08)	22.55
PRKS	1.59	0.03	0.03	0.15	2.00	(1.74)	3.48	(3.65)	11.04
JAKK	2.40	(0.18)	0.00	0.06	2.75	(2.54)	5.22	(4.51)	23.40
CLAR	1.61	(0.01)	(0.02)	0.11	2.07	(1.80)	3.85	(3.07)	11.78
JBSS	1.42	(0.15)	0.00	(0.04)	0.00	0.00	2.93	(3.25)	8.57
WEYS	1.77	(0.06)	0.00	0.09	2.09	(1.90)	4.23	(3.25)	10.35
LKFN	1.27	0.24	0.21	0.36	0.87	(1.62)	3.16	(1.69)	6.31
MBUU	2.06	0.09	0.08	0.18	2.08	(2.46)	3.99	(3.79)	16.97

Johnson Outdoors Corporate Management

Khalaf Khalaf	Chief Secretary	Profile
Karen James	VP Operations	Profile
Allison Kitzerow	Communications Mang	Profile
John Moon	Chief VP	Profile
Patricia Penman	Vice Communication	Profile

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