Wolverine World Correlations

WWW Stock

USD 21.80 0.92 4.41%

The current 90-days correlation between Wolverine World Wide and Caleres is 0.62 (i.e., Poor diversification). The correlation of Wolverine World 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.

Wolverine World Correlation With Market

Very weak diversification

The correlation between Wolverine World Wide and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wolverine World Wide and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Wolverine Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Wolverine Stock

0.86	NKE	Nike Inc Aggressive Push	Pair Corr
0.63	LE	Lands End	Pair Corr
0.62	MB	MasterBeef Group Ordinary	Pair Corr

Moving against Wolverine Stock

0.85	AREB	American Rebel Holdings	Pair Corr
0.44	GP	GreenPower Motor	Pair Corr
0.41	DECK	Deckers Outdoor	Pair Corr
0.34	BIRK	Birkenstock Holding plc	Pair Corr
0.67	TM	Toyota Motor Buyout Trend	Pair Corr
0.43	SG	Sweetgreen	Pair Corr

Related Correlations Analysis

	WEYS	RCKY	VRA	CAL	SHOO	DBI
WEYS		0.8	0.58	-0.12	0.8	0.28	WEYS
RCKY	0.8		0.59	-0.35	0.82	0.25	RCKY
VRA	0.58	0.59		-0.21	0.61	0.13	VRA
CAL	-0.12	-0.35	-0.21		0.05	0.57	CAL
SHOO	0.8	0.82	0.61	0.05		0.48	SHOO
DBI	0.28	0.25	0.13	0.57	0.48		DBI
	WEYS	RCKY	VRA	CAL	SHOO	DBI

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

SHOO	+ 0.82	RCKY
RCKY	+ 0.8	WEYS
SHOO	+ 0.8	WEYS
SHOO	+ 0.61	VRA
VRA	+ 0.59	RCKY
VRA	+ 0.58	WEYS

High negative correlations

CAL	- 0.35	RCKY
CAL	- 0.21	VRA
CAL	- 0.12	WEYS

Risk-Adjusted Indicators

There is a big difference between Wolverine Stock performing well and Wolverine World 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 Wolverine World'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
WEYS	1.75	(0.09)	0.01	0.14	2.02	(1.87)	4.23	(3.25)	10.35
RCKY	3.19	0.82	0.26	0.69	2.85	(3.84)	6.75	(2.49)	70.57
VRA	5.07	(0.13)	0.06	0.17	5.47	(5.97)	11.76	(7.78)	43.24
CAL	3.07	(0.37)	(0.01)	0.06	4.63	(3.05)	8.10	(6.17)	33.77
SHOO	2.71	0.03	0.13	0.22	2.25	(3.50)	6.31	(3.77)	23.15
DBI	4.13	(0.14)	0.06	0.16	5.49	(4.34)	13.45	(7.89)	33.87

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC