Solo Brands Correlations

DTC Stock

USD 1.17 0.01 0.85%

The current 90-days correlation between Solo Brands and Hour Loop is -0.12 (i.e., Good diversification). The correlation of Solo 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.

Solo Brands Correlation With Market

Weak diversification

The correlation between Solo Brands and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solo Brands and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Solo 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 estimate.

For information on how to trade Solo Stock refer to our How to Trade Solo Stock guide.

Moving together with Solo Stock

0.79	DOOO	BRP Inc	Pair Corr
0.64	VNCE	Vince Holding Corp	Pair Corr
0.71	CRI	Carters	Pair Corr
0.74	DFH	Dream Finders Homes	Pair Corr
0.8	DHI	DR Horton	Pair Corr
0.61	HAS	Hasbro Inc	Pair Corr
0.65	JXJT	JX Luxventure Limited	Pair Corr
0.67	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr
0.7	LGIH	LGI Homes	Pair Corr
0.8	LIVE	Live Ventures Earnings Call This Week	Pair Corr
0.72	RCKY	Rocky Brands	Pair Corr
0.73	SDHC	Smith Douglas Homes	Pair Corr

Moving against Solo Stock

0.73	DOGZ	Dogness International	Pair Corr
0.68	RL	Ralph Lauren Corp	Pair Corr
0.67	KTB	Kontoor Brands	Pair Corr
0.64	UA	Under Armour C	Pair Corr
0.56	REE	Ree Automotive Holding	Pair Corr
0.55	FOSL	Fossil Group	Pair Corr
0.51	PVH	PVH Corp	Pair Corr
0.43	HWH	HWH International Symbol Change	Pair Corr
0.31	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr
0.75	WH	Wyndham Hotels Resorts	Pair Corr
0.74	VSCO	Victorias Secret	Pair Corr
0.71	BH	Biglari Holdings	Pair Corr
0.7	LULU	Lululemon Athletica	Pair Corr
0.65	GM	General Motors	Pair Corr
0.59	MYTE	MYT Netherlands Parent Upward Rally	Pair Corr
0.59	HD	Home Depot	Pair Corr
0.57	SONO	Sonos Inc	Pair Corr
0.56	ZK	ZEEKR Intelligent	Pair Corr
0.48	H	Hyatt Hotels	Pair Corr
0.37	WEYS	Weyco Group	Pair Corr

Related Correlations Analysis

	OZON	QRTEB	HOUR	DIBS	BZUN	VIPS	LQDT	JD	NHTC	EMCMF
OZON		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OZON
QRTEB	0.0		-0.22	0.7	0.57	0.54	-0.65	0.15	0.17	0.22	QRTEB
HOUR	0.0	-0.22		-0.44	0.0	0.09	0.35	0.2	-0.41	0.22	HOUR
DIBS	0.0	0.7	-0.44		0.3	0.18	-0.73	-0.23	0.63	0.07	DIBS
BZUN	0.0	0.57	0.0	0.3		0.88	-0.59	0.79	-0.27	-0.07	BZUN
VIPS	0.0	0.54	0.09	0.18	0.88		-0.38	0.83	-0.37	-0.05	VIPS
LQDT	0.0	-0.65	0.35	-0.73	-0.59	-0.38		-0.16	-0.35	0.25	LQDT
JD	0.0	0.15	0.2	-0.23	0.79	0.83	-0.16		-0.63	-0.21	JD
NHTC	0.0	0.17	-0.41	0.63	-0.27	-0.37	-0.35	-0.63		-0.06	NHTC
EMCMF	0.0	0.22	0.22	0.07	-0.07	-0.05	0.25	-0.21	-0.06		EMCMF
	OZON	QRTEB	HOUR	DIBS	BZUN	VIPS	LQDT	JD	NHTC	EMCMF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VIPS	+ 0.88	BZUN
JD	+ 0.83	VIPS
JD	+ 0.79	BZUN
DIBS	+ 0.7	QRTEB
NHTC	+ 0.63	DIBS
BZUN	+ 0.57	QRTEB

High negative correlations

LQDT	- 0.73	DIBS
LQDT	- 0.65	QRTEB
NHTC	- 0.63	JD
LQDT	- 0.59	BZUN
DIBS	- 0.44	HOUR
NHTC	- 0.41	HOUR

Risk-Adjusted Indicators

There is a big difference between Solo Stock performing well and Solo 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 Solo 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
OZON	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QRTEB	3.37	(0.10)	0.00	(0.15)	0.00	0.00	9.00	(7.06)	23.12
HOUR	2.42	0.19	0.03	0.45	3.50	(2.68)	4.11	(5.16)	42.64
DIBS	1.48	(0.47)	0.00	(0.40)	0.00	0.00	3.01	(4.88)	11.92
BZUN	4.03	0.45	0.07	(2.63)	4.13	(4.72)	11.83	(7.14)	27.28
VIPS	2.12	0.19	0.04	0.75	2.30	(2.72)	5.40	(4.47)	17.40
LQDT	1.12	0.10	0.09	0.19	1.10	(1.23)	2.19	(1.85)	10.45
JD	2.97	0.70	0.16	3.30	3.03	(3.29)	7.33	(6.99)	23.41
NHTC	1.78	(0.57)	0.00	(0.78)	0.00	0.00	2.85	(3.86)	13.19
EMCMF	59.48	25.41	0.00	0.99	0.00	0.00	0.00	0.00	1,992

Solo Brands Corporate Management

Kent Christensen	General Counsel	Profile
John Merris	CEO Pres	Profile
Matthew Webb	Chief Officer	Profile
Michael Studdard	Chief Officer	Profile
Mike Murray	Chief Officer	Profile
Thomas Montgomery	Chief Officer	Profile
Kent JD	General Counsel	Profile

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

2024 Macroaxis LLC