Rocky Brands Correlations

RCKY Stock

USD 24.09 0.06 0.25%

The current 90-days correlation between Rocky Brands and Vera Bradley is 0.18 (i.e., Average diversification). The correlation of Rocky Brands 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.

Rocky Brands Correlation With Market

Modest diversification

The correlation between Rocky Brands and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rocky Brands and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Rocky Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocky Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

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

Moving together with Rocky Stock

0.86	BC	Brunswick	Pair Corr
0.93	RL	Ralph Lauren Corp	Pair Corr
0.75	DOOO	BRP Inc	Pair Corr
0.9	FOSL	Fossil Group	Pair Corr
0.9	GIL	Gildan Activewear	Pair Corr
0.89	HAS	Hasbro Inc	Pair Corr
0.65	HWH	HWH International	Pair Corr
0.82	KTB	Kontoor Brands	Pair Corr
0.91	MAT	Mattel Inc	Pair Corr
0.91	SKX	Skechers USA	Pair Corr
0.89	TPR	Tapestry	Pair Corr
0.84	GOOS	Canada Goose Holdings	Pair Corr
0.85	JRSH	Jerash Holdings	Pair Corr
0.87	LEVI	Levi Strauss Buyout Trend	Pair Corr

Moving against Rocky Stock

0.63	WLDS	Wearable Devices	Pair Corr
0.37	CCS	Century Communities	Pair Corr
0.49	WTO	UTime Limited	Pair Corr
0.42	KBSX	FST Corp Ordinary	Pair Corr
0.82	PMNT	Perfect Moment	Pair Corr
0.6	LGIH	LGI Homes	Pair Corr
0.59	NWTG	Newton Golf Symbol Change	Pair Corr
0.31	COLM	Columbia Sportswear	Pair Corr

Related Correlations Analysis

	VRA	SHOO	WWW	CAL	WEYS	DBI
VRA		0.62	0.56	-0.22	0.54	0.14	VRA
SHOO	0.62		0.82	-0.02	0.8	0.51	SHOO
WWW	0.56	0.82		-0.44	0.82	0.14	WWW
CAL	-0.22	-0.02	-0.44		-0.2	0.51	CAL
WEYS	0.54	0.8	0.82	-0.2		0.31	WEYS
DBI	0.14	0.51	0.14	0.51	0.31		DBI
	VRA	SHOO	WWW	CAL	WEYS	DBI

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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

WWW	+ 0.82	SHOO
WEYS	+ 0.82	WWW
WEYS	+ 0.8	SHOO
SHOO	+ 0.62	VRA
WWW	+ 0.56	VRA
WEYS	+ 0.54	VRA

High negative correlations

CAL	- 0.44	WWW
CAL	- 0.22	VRA
WEYS	- 0.2	CAL
CAL	- 0.02	SHOO

Risk-Adjusted Indicators

There is a big difference between Rocky Stock performing well and Rocky Brands 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 Rocky Brands' 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
VRA	5.25	(0.05)	0.04	0.21	5.62	(6.44)	12.56	(7.78)	43.24
SHOO	2.96	(0.23)	(0.01)	0.11	3.25	(3.59)	6.74	(5.43)	23.15
WWW	3.12	1.27	0.19	(0.69)	3.13	(3.58)	7.03	(6.28)	32.10
CAL	3.38	(0.51)	0.00	(0.02)	0.00	0.00	8.10	(6.17)	33.88
WEYS	1.96	0.02	0.06	0.25	2.07	(2.20)	4.57	(3.49)	18.07
DBI	4.44	(0.34)	0.00	0.10	5.87	(4.84)	13.45	(8.10)	34.71

Rocky Brands Corporate Management

CPA CPA	CFO, VP	Profile
Byron Wortham	Marketing Sales	Profile
Mark Dean	VP Division	Profile
Scott Jenkins	VP Devel	Profile
Curtis Esq	Assistant Director	Profile

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