Superior Uniform Correlations

SGC Stock

USD 15.37 0.16 1.05%

The current 90-days correlation between Superior Uniform and Lakeland Industries is 0.11 (i.e., Average diversification). The correlation of Superior Uniform 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.

Superior Uniform Correlation With Market

Weak diversification

The correlation between Superior Uniform Group and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Superior Uniform Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Superior Stock

0.65	VEEE	Twin Vee Powercats	Pair Corr
0.61	VMAR	Vision Marine Techno Fiscal Year End 25th of November 2024	Pair Corr
0.87	VUZI	Vuzix Corp Cmn	Pair Corr
0.66	WLDS	Wearable Devices	Pair Corr
0.69	EZGO	EZGO Technologies	Pair Corr
0.84	FEBO	Fenbo Holdings	Pair Corr
0.67	BLD	Topbuild Corp	Pair Corr
0.68	FORD	Forward Industries	Pair Corr
0.7	FOSL	Fossil Group	Pair Corr
0.97	DTC	Solo Brands	Pair Corr
0.81	FRZA	Forza X1	Pair Corr
0.89	HWH	HWH International Symbol Change	Pair Corr

Moving against Superior Stock

0.76	UA	Under Armour C	Pair Corr
0.67	VZIO	Vizio Holding Corp	Pair Corr
0.51	VNCE	Vince Holding Corp	Pair Corr
0.47	DXYN	Dixie Group	Pair Corr
0.46	DOGZ	Dogness International	Pair Corr
0.42	VSTO	Vista Outdoor	Pair Corr
0.4	VOXX	VOXX International	Pair Corr
0.35	AS	Amer Sports,	Pair Corr
0.72	GIL	Gildan Activewear	Pair Corr
0.7	HAS	Hasbro Inc	Pair Corr
0.69	HBI	Hanesbrands	Pair Corr
0.62	KTB	Kontoor Brands	Pair Corr
0.61	MAT	Mattel Inc	Pair Corr
0.59	DHI	DR Horton Fiscal Year End 5th of November 2024	Pair Corr
0.57	CRI	Carters	Pair Corr
0.52	LEN	Lennar Fiscal Year End 12th of December 2024	Pair Corr
0.47	HOV	Hovnanian Enterprises	Pair Corr
0.41	KBH	KB Home Earnings Call This Week	Pair Corr
0.35	MHO	MI Homes	Pair Corr

Related Correlations Analysis

	LAKE	JRSH	GIII	JXJT	DLA	GIL	OXM	ZGN	KTB	COLM
LAKE		-0.17	-0.7	0.1	0.34	-0.28	0.29	0.39	-0.18	-0.17	LAKE
JRSH	-0.17		0.51	-0.05	-0.04	0.17	0.04	0.06	0.32	0.37	JRSH
GIII	-0.7	0.51		0.06	-0.39	0.45	-0.34	-0.4	0.48	0.48	GIII
JXJT	0.1	-0.05	0.06		-0.79	0.8	-0.72	-0.73	0.7	0.3	JXJT
DLA	0.34	-0.04	-0.39	-0.79		-0.94	0.88	0.9	-0.86	-0.58	DLA
GIL	-0.28	0.17	0.45	0.8	-0.94		-0.86	-0.87	0.91	0.58	GIL
OXM	0.29	0.04	-0.34	-0.72	0.88	-0.86		0.82	-0.71	-0.52	OXM
ZGN	0.39	0.06	-0.4	-0.73	0.9	-0.87	0.82		-0.77	-0.45	ZGN
KTB	-0.18	0.32	0.48	0.7	-0.86	0.91	-0.71	-0.77		0.71	KTB
COLM	-0.17	0.37	0.48	0.3	-0.58	0.58	-0.52	-0.45	0.71		COLM
	LAKE	JRSH	GIII	JXJT	DLA	GIL	OXM	ZGN	KTB	COLM

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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

KTB	+ 0.91	GIL
ZGN	+ 0.9	DLA
OXM	+ 0.88	DLA
ZGN	+ 0.82	OXM
GIL	+ 0.8	JXJT
COLM	+ 0.71	KTB

High negative correlations

GIL	- 0.94	DLA
ZGN	- 0.87	GIL
OXM	- 0.86	GIL
KTB	- 0.86	DLA
DLA	- 0.79	JXJT
KTB	- 0.77	ZGN

Risk-Adjusted Indicators

There is a big difference between Superior Stock performing well and Superior Uniform 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 Superior Uniform'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	1.93	(0.30)	0.00	(0.20)	0.00	0.00	3.86	(4.73)	15.91
JRSH	1.13	(0.08)	(0.06)	0.02	1.52	(1.31)	2.56	(2.67)	9.37
GIII	2.08	0.15	0.07	0.25	2.10	(2.35)	3.72	(3.30)	26.14
JXJT	3.31	0.69	0.16	0.93	3.51	(3.81)	7.20	(5.62)	40.40
DLA	7.34	(3.25)	0.00	1.93	0.00	0.00	8.03	(26.97)	38.74
GIL	0.83	0.23	0.21	0.44	0.53	(0.98)	2.32	(1.16)	6.08
OXM	1.55	(0.35)	0.00	(0.19)	0.00	0.00	2.47	(3.48)	9.08
ZGN	1.77	(0.55)	0.00	(0.35)	0.00	0.00	3.20	(3.89)	17.83
KTB	1.36	0.07	0.06	0.17	1.43	(1.52)	3.28	(2.49)	8.02
COLM	1.13	(0.06)	(0.07)	0.03	1.33	(1.19)	2.82	(2.36)	7.71

Superior Uniform Corporate Executives

Elected by the shareholders, the Superior Uniform's board of directors comprises two types of representatives: Superior Uniform inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Superior. The board's role is to monitor Superior Uniform's management team and ensure that shareholders' interests are well served. Superior Uniform's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Superior Uniform's outside directors are responsible for providing unbiased perspectives on the board's policies.

Andrew Demott

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