Vince Holding Correlations

VNCE Stock

USD 1.55 0.08 5.44%

The current 90-days correlation between Vince Holding Corp and Ermenegildo Zegna NV is 0.28 (i.e., Modest diversification). The correlation of Vince Holding 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.

Vince Holding Correlation With Market

Good diversification

The correlation between Vince Holding Corp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vince Holding Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vince Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving against Vince Stock

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0.67	AS	Amer Sports,	Pair Corr
0.67	UAA	Under Armour A	Pair Corr
0.65	UA	Under Armour C	Pair Corr
0.63	VUZI	Vuzix Corp Cmn	Pair Corr
0.59	GPRO	GoPro Inc	Pair Corr
0.58	BC	Brunswick Earnings Call This Week	Pair Corr
0.52	MAT	Mattel Inc	Pair Corr
0.51	RL	Ralph Lauren Corp	Pair Corr
0.45	FOSL	Fossil Group	Pair Corr
0.45	MCFT	MCBC Holdings	Pair Corr
0.42	MBUU	Malibu Boats	Pair Corr
0.41	MODG	Callaway Golf	Pair Corr
0.39	VMAR	Vision Marine Techno	Pair Corr
0.36	BZH	Beazer Homes USA	Pair Corr
0.71	JL	J Long Group	Pair Corr
0.66	FL	Foot Locker	Pair Corr
0.64	W	Wayfair Sell-off Trend	Pair Corr
0.63	BIRD	Allbirds	Pair Corr
0.62	PLBY	Plby Group	Pair Corr
0.62	BH	Biglari Holdings	Pair Corr
0.6	DIBS	1StdibsCom	Pair Corr
0.53	EM	Smart Share Global	Pair Corr
0.52	AN	AutoNation	Pair Corr
0.48	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.45	GM	General Motors Sell-off Trend	Pair Corr

Related Correlations Analysis

	ZGN	COLM	GIL	GIII	OXM	KTB	PVH
ZGN		-0.36	0.87	-0.18	-0.14	0.67	0.06	ZGN
COLM	-0.36		-0.18	0.59	0.66	0.33	0.59	COLM
GIL	0.87	-0.18		-0.01	0.01	0.75	0.25	GIL
GIII	-0.18	0.59	-0.01		0.81	0.39	0.89	GIII
OXM	-0.14	0.66	0.01	0.81		0.47	0.71	OXM
KTB	0.67	0.33	0.75	0.39	0.47		0.57	KTB
PVH	0.06	0.59	0.25	0.89	0.71	0.57		PVH
	ZGN	COLM	GIL	GIII	OXM	KTB	PVH

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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

PVH	+ 0.89	GIII
GIL	+ 0.87	ZGN
OXM	+ 0.81	GIII
KTB	+ 0.75	GIL
PVH	+ 0.71	OXM
KTB	+ 0.67	ZGN

High negative correlations

COLM	- 0.36	ZGN
GIL	- 0.18	COLM
GIII	- 0.18	ZGN
OXM	- 0.14	ZGN
GIII	- 0.01	GIL

Risk-Adjusted Indicators

There is a big difference between Vince Stock performing well and Vince Holding 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 Vince Holding'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
ZGN	1.33	0.50	0.23	(1.24)	0.89	(1.66)	3.57	(2.31)	7.23
COLM	1.67	(0.29)	0.00	(0.11)	0.00	0.00	3.73	(3.73)	9.73
GIL	1.29	0.22	0.15	0.36	1.08	(1.46)	3.27	(1.91)	10.73
GIII	1.77	(0.12)	0.00	(0.03)	0.00	0.00	3.71	(3.31)	24.59
OXM	2.93	(0.27)	0.00	(0.01)	0.00	0.00	6.02	(5.46)	22.26
KTB	1.82	0.06	0.04	0.19	1.77	(2.05)	4.37	(3.20)	10.83
PVH	2.14	(0.01)	0.00	0.13	3.51	(2.29)	5.54	(2.45)	26.38

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