Amer Sports, Correlations

AS Stock

26.13 0.20 0.76%

The current 90-days correlation between Amer Sports, and VF Corporation is 0.16 (i.e., Average diversification). The correlation of Amer Sports, 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.

Amer Sports, Correlation With Market

Modest diversification

The correlation between Amer Sports, and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amer Sports, and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amer Sports,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Amer Stock please use our How to Invest in Amer Sports, guide.

Moving together with Amer Stock

0.91	RL	Ralph Lauren Corp	Pair Corr
0.73	UA	Under Armour C	Pair Corr
0.72	DOGZ	Dogness International	Pair Corr
0.68	VOXX	VOXX International	Pair Corr
0.83	VUZI	Vuzix Corp Cmn Buyout Trend	Pair Corr
0.66	ESCA	Escalade Incorporated	Pair Corr
0.67	FOSL	Fossil Group Buyout Trend	Pair Corr
0.85	GIL	Gildan Activewear	Pair Corr
0.92	HBI	Hanesbrands	Pair Corr
0.86	KTB	Kontoor Brands	Pair Corr
0.74	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr
0.77	PVH	PVH Corp Earnings Call Tomorrow	Pair Corr

Moving against Amer Stock

0.89	FEBO	Fenbo Holdings	Pair Corr
0.84	WLDS	Wearable Devices	Pair Corr
0.78	EZGO	EZGO Technologies	Pair Corr
0.76	DOOO	BRP Inc	Pair Corr
0.66	VMAR	Vision Marine Techno	Pair Corr
0.48	VNCE	Vince Holding Corp Earnings Call Tomorrow	Pair Corr
0.7	CRI	Carters	Pair Corr
0.67	DHI	DR Horton	Pair Corr
0.63	DTC	Solo Brands	Pair Corr
0.57	CCS	Century Communities	Pair Corr
0.45	HAS	Hasbro Inc	Pair Corr
0.45	HOV	Hovnanian Enterprises Earnings Call Today	Pair Corr
0.61	JOUT	Johnson Outdoors Earnings Call This Week	Pair Corr
0.57	WTO	UTime Limited	Pair Corr
0.5	GOOS	Canada Goose Holdings	Pair Corr
0.48	SKX	Skechers USA	Pair Corr

Related Correlations Analysis

	VFC	LEVI	UAA	COLM	OXM	GIL	KTB	GIII	VNCE
VFC		-0.26	0.57	0.39	-0.36	0.64	0.61	0.09	-0.03	VFC
LEVI	-0.26		-0.51	-0.08	0.61	-0.62	-0.56	0.02	0.53	LEVI
UAA	0.57	-0.51		0.46	-0.38	0.79	0.87	0.14	-0.31	UAA
COLM	0.39	-0.08	0.46		0.35	0.29	0.62	0.11	-0.21	COLM
OXM	-0.36	0.61	-0.38	0.35		-0.53	-0.31	-0.09	0.0	OXM
GIL	0.64	-0.62	0.79	0.29	-0.53		0.87	0.15	-0.35	GIL
KTB	0.61	-0.56	0.87	0.62	-0.31	0.87		0.15	-0.41	KTB
GIII	0.09	0.02	0.14	0.11	-0.09	0.15	0.15		0.25	GIII
VNCE	-0.03	0.53	-0.31	-0.21	0.0	-0.35	-0.41	0.25		VNCE
	VFC	LEVI	UAA	COLM	OXM	GIL	KTB	GIII	VNCE

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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	+ 0.87	UAA
KTB	+ 0.87	GIL
GIL	+ 0.79	UAA
GIL	+ 0.64	VFC
KTB	+ 0.62	COLM
KTB	+ 0.61	VFC

High negative correlations

GIL	- 0.62	LEVI
KTB	- 0.56	LEVI
GIL	- 0.53	OXM
UAA	- 0.51	LEVI
VNCE	- 0.41	KTB
OXM	- 0.38	UAA

Risk-Adjusted Indicators

There is a big difference between Amer Stock performing well and Amer Sports, 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 Amer Sports,'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
VFC	2.65	0.24	0.05	0.86	2.82	(3.20)	5.06	(4.77)	33.97
LEVI	1.44	(0.14)	0.00	(0.07)	0.00	0.00	3.25	(2.83)	11.26
UAA	2.81	0.48	0.12	1.89	3.02	(3.56)	6.63	(4.50)	40.23
COLM	1.21	0.09	0.02	0.27	1.45	(1.17)	2.53	(2.14)	7.71
OXM	1.45	(0.17)	0.00	(0.02)	0.00	0.00	3.18	(3.12)	8.17
GIL	0.74	0.14	0.05	0.75	0.77	(0.77)	1.84	(1.52)	3.82
KTB	1.49	0.33	0.15	0.78	1.44	(1.68)	3.18	(2.42)	16.49
GIII	2.11	0.25	0.09	0.52	1.92	(2.62)	5.34	(4.17)	26.82
VNCE	2.87	(0.21)	0.00	(0.18)	0.00	0.00	5.14	(7.25)	35.35

Amer Sports, Corporate Management

Anu Sirkia	Vice Communications	Profile
Omar CPA	Vice Relations	Profile
Sebastian Lund	Chief Officer	Profile
Andrew Page	Chief Officer	Profile
Stefan Schubert	Chief IT	Profile

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