Delta Apparel Correlations
| DLA Stock | USD 2.52 0.11 4.56% |
The correlation of Delta Apparel 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Delta Apparel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Apparel moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Delta Apparel and NYA 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 Delta Apparel and NYA in the same portfolio, assuming nothing else is changed.
Delta |
The ability to find closely correlated positions to Delta Apparel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Apparel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Delta Apparel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Delta Apparel to buy it.
Moving together with Delta Stock
| 0.62 | DXYN | Dixie Group Earnings Call This Week | PairCorr |
| 0.68 | VUZI | Vuzix Corp Cmn Financial Report 8th of May 2024 | PairCorr |
| 0.82 | ESCA | Escalade Incorporated Financial Report 14th of May 2024 | PairCorr |
| 0.71 | FORD | Forward Industries | PairCorr |
| 0.69 | FOSL | Fossil Group | PairCorr |
Moving against Delta Stock
| 0.96 | VZIO | Vizio Holding Corp Financial Report 14th of May 2024 | PairCorr |
| 0.76 | NVR | NVR Inc | PairCorr |
| 0.74 | DOGZ | Dogness International | PairCorr |
| 0.73 | VSTO | Vista Outdoor Financial Report 1st of May 2024 | PairCorr |
| 0.68 | RL | Ralph Lauren Corp Financial Report 23rd of May 2024 | PairCorr |
| 0.63 | BLD | Topbuild Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.58 | DFH | Dream Finders HomesInc Financial Report 2nd of May 2024 | PairCorr |
| 0.53 | TPR | Tapestry Financial Report 9th of May 2024 | PairCorr |
| 0.47 | BC | Brunswick Earnings Call This Week | PairCorr |
| 0.47 | DHI | DR Horton Financial Report 18th of July 2024 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Delta Stock performing well and Delta Apparel 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 Delta Apparel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LAKE | 2.39 | (0.15) | 0.00 | (0.01) | 0.00 | 4.28 | 18.45 | |||
| VNCE | 2.50 | (0.42) | 0.00 | (1.80) | 0.00 | 3.68 | 22.05 | |||
| JRSH | 1.08 | 0.03 | (0.01) | 0.18 | 1.51 | 2.61 | 6.28 | |||
| GIII | 1.92 | (0.25) | 0.00 | (0.02) | 0.00 | 3.81 | 17.12 | |||
| GIL | 1.28 | 0.03 | 0.06 | 0.10 | 1.21 | 2.62 | 12.23 | |||
| SGC | 1.87 | 0.27 | 0.11 | 0.47 | 2.01 | 3.98 | 18.84 | |||
| OXM | 1.58 | 0.02 | 0.05 | 0.09 | 1.89 | 3.66 | 10.60 | |||
| COLM | 1.17 | (0.08) | (0.02) | 0.02 | 1.82 | 2.40 | 8.20 | |||
| KTB | 1.48 | (0.03) | 0.01 | 0.06 | 2.39 | 2.71 | 13.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Delta Apparel without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Delta Apparel Corporate Directors
Delta Apparel corporate directors refer to members of a Delta Apparel board of directors. The board of directors generally takes responsibility for the Delta Apparel's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Delta Apparel's board members must vote for the resolution. The Delta Apparel board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Suzanne Rudy | Independent Director | Profile | |
| David Whalen | Independent Director | Profile | |
| Elizabeth Gatewood | Independent Director | Profile | |
| Sam Cortez | Independent Director | Profile |
Already Invested in Delta Apparel?
The danger of trading Delta Apparel is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Delta Apparel is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Delta Apparel. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Delta Apparel is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Delta Apparel offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Delta Apparel's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Delta Apparel Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Delta Apparel Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Apparel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Delta Stock refer to our How to Trade Delta Stock guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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When running Delta Apparel's price analysis, check to measure Delta Apparel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Delta Apparel is operating at the current time. Most of Delta Apparel's value examination focuses on studying past and present price action to predict the probability of Delta Apparel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Apparel's price. Additionally, you may evaluate how the addition of Delta Apparel to your portfolios can decrease your overall portfolio volatility.
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Is Delta Apparel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Delta Apparel. If investors know Delta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Delta Apparel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.23) | Earnings Share (5.46) | Revenue Per Share 55.417 | Quarterly Revenue Growth (0.26) | Return On Assets (0.03) |
The market value of Delta Apparel is measured differently than its book value, which is the value of Delta that is recorded on the company's balance sheet. Investors also form their own opinion of Delta Apparel's value that differs from its market value or its book value, called intrinsic value, which is Delta Apparel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Delta Apparel's market value can be influenced by many factors that don't directly affect Delta Apparel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Delta Apparel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delta Apparel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delta Apparel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.