Planet Fitness Correlations
| PLNT Stock | USD 112.48 2.34 2.12% |
The current 90-days correlation between Planet Fitness and Life Time Group is 0.62 (i.e., Poor diversification). The correlation of Planet Fitness 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.
Planet Fitness Correlation With Market
Modest diversification
The correlation between Planet Fitness and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Planet Fitness and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Planet Stock
| 0.89 | RRR | Red Rock Resorts Earnings Call This Week | PairCorr |
| 0.86 | FL | Foot Locker | PairCorr |
| 0.79 | RL | Ralph Lauren Corp | PairCorr |
| 0.63 | VUZI | Vuzix Corp Cmn | PairCorr |
| 0.8 | EPSM | Epsium Enterprise | PairCorr |
| 0.72 | ANF | Abercrombie Fitch | PairCorr |
| 0.9 | BKE | Buckle Inc | PairCorr |
| 0.78 | FOSL | Fossil Group | PairCorr |
| 0.63 | GES | Guess Inc | PairCorr |
| 0.71 | HVT | Haverty Furniture | PairCorr |
| 0.61 | LEG | Leggett Platt | PairCorr |
| 0.81 | UAA | Under Armour A | PairCorr |
| 0.75 | GPRO | GoPro Inc | PairCorr |
| 0.82 | GRPN | Groupon | PairCorr |
| 0.72 | SCVL | Shoe Carnival | PairCorr |
| 0.63 | ARHS | Arhaus Inc | PairCorr |
| 0.63 | SONO | Sonos Inc | PairCorr |
| 0.85 | URBN | Urban Outfitters | PairCorr |
| 0.75 | INBX | Inhibrx Biosciences, | PairCorr |
| 0.67 | LNDNF | Lundin Energy AB | PairCorr |
Moving against Planet Stock
| 0.64 | AEO | American Eagle Outfitters | PairCorr |
| 0.78 | TOY | Toys R ANZ | PairCorr |
| 0.55 | ROST | Ross Stores | PairCorr |
| 0.4 | PLCE | Childrens Place | PairCorr |
| 0.51 | 603057 | Shanghai Ziyan Foods | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Planet Stock performing well and Planet Fitness 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 Planet Fitness' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LTH | 1.77 | (0.21) | 0.00 | (0.04) | 0.00 | 3.68 | 12.11 | |||
| FXLV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BOWL | 2.33 | 0.20 | 0.02 | (2.50) | 2.58 | 5.15 | 12.71 | |||
| JAKK | 2.40 | (0.18) | 0.00 | 0.06 | 2.75 | 5.22 | 23.40 | |||
| FUN | 2.15 | (0.24) | 0.00 | (0.03) | 0.00 | 4.73 | 12.13 | |||
| SIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JOUT | 2.06 | 0.32 | 0.19 | 0.35 | 1.68 | 4.72 | 10.85 | |||
| GOLF | 1.43 | 0.25 | 0.21 | 0.32 | 1.12 | 3.36 | 8.79 | |||
| MAT | 1.52 | 0.19 | 0.16 | 0.26 | 1.24 | 3.53 | 12.80 | |||
| SEAS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |