Tapestry Correlations

TPR Stock

USD 101.55 3.12 3.17%

The current 90-days correlation between Tapestry and Capri Holdings is 0.79 (i.e., Poor diversification). The correlation of Tapestry 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.

Tapestry Correlation With Market

Poor diversification

The correlation between Tapestry and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tapestry and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tapestry Stock

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

To learn how to invest in Tapestry Stock, please use our How to Invest in Tapestry guide.

Moving together with Tapestry Stock

0.83	AS	Amer Sports,	Pair Corr
0.9	BC	Brunswick	Pair Corr
0.9	RL	Ralph Lauren Corp	Pair Corr
0.86	UA	Under Armour C	Pair Corr
0.79	DOOO	BRP Inc	Pair Corr
0.69	VUZI	Vuzix Corp Cmn	Pair Corr
0.93	BZH	Beazer Homes USA	Pair Corr
0.62	FORD	Forward Industries	Pair Corr
0.85	FOSL	Fossil Group	Pair Corr
0.74	DFH	Dream Finders Homes	Pair Corr
0.69	DHI	DR Horton Earnings Call Tomorrow	Pair Corr
0.89	MAT	Mattel Inc Earnings Call This Week	Pair Corr
0.76	TPH	TRI Pointe Homes	Pair Corr
0.84	UAA	Under Armour A	Pair Corr
0.76	GPRO	GoPro Inc	Pair Corr
0.94	MBUU	Malibu Boats	Pair Corr
0.92	MCFT	MCBC Holdings	Pair Corr
0.8	MODG	Callaway Golf	Pair Corr
0.85	PLBY	Plby Group	Pair Corr
0.87	SONO	Sonos Inc	Pair Corr
0.83	BIRD	Allbirds	Pair Corr
0.94	F	Ford Motor Earnings Call This Week	Pair Corr
0.96	H	Hyatt Hotels	Pair Corr
0.66	M	Macys Inc	Pair Corr
0.92	W	Wayfair	Pair Corr
0.7	DIBS	1StdibsCom	Pair Corr
0.96	AN	AutoNation Earnings Call This Week	Pair Corr

Moving against Tapestry Stock

0.58	CRI	Carters	Pair Corr
0.5	MSN	Emerson Radio	Pair Corr
0.36	ESCA	Escalade Incorporated	Pair Corr
0.35	VNCE	Vince Holding Corp	Pair Corr
0.79	SG	Sweetgreen	Pair Corr
0.64	NWTG	Newton Golf Symbol Change	Pair Corr
0.55	JD	JD Inc Adr	Pair Corr

Related Correlations Analysis

	CPRI	MOV	SIG	LANV	REAL	PVH	RL	LKQ
CPRI		0.94	0.71	0.35	-0.15	0.35	0.93	-0.04	CPRI
MOV	0.94		0.62	0.36	-0.18	0.51	0.94	0.04	MOV
SIG	0.71	0.62		-0.08	-0.37	-0.2	0.77	-0.51	SIG
LANV	0.35	0.36	-0.08		-0.13	0.55	0.18	0.46	LANV
REAL	-0.15	-0.18	-0.37	-0.13		0.1	-0.18	0.04	REAL
PVH	0.35	0.51	-0.2	0.55	0.1		0.35	0.51	PVH
RL	0.93	0.94	0.77	0.18	-0.18	0.35		-0.18	RL
LKQ	-0.04	0.04	-0.51	0.46	0.04	0.51	-0.18		LKQ
	CPRI	MOV	SIG	LANV	REAL	PVH	RL	LKQ

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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

MOV	+ 0.94	CPRI
RL	+ 0.94	MOV
RL	+ 0.93	CPRI
RL	+ 0.77	SIG
SIG	+ 0.71	CPRI
SIG	+ 0.62	MOV

High negative correlations

LKQ	- 0.51	SIG
REAL	- 0.37	SIG
PVH	- 0.2	SIG
LKQ	- 0.18	RL
RL	- 0.18	REAL
REAL	- 0.18	MOV

Risk-Adjusted Indicators

There is a big difference between Tapestry Stock performing well and Tapestry 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 Tapestry'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
CPRI	2.62	0.03	0.14	0.26	2.72	(2.84)	5.20	(4.88)	41.66
MOV	1.96	0.14	0.07	0.38	1.98	(2.30)	4.83	(3.57)	16.46
SIG	2.53	0.92	0.14	(0.58)	2.13	(2.88)	8.17	(3.76)	21.82
LANV	2.73	0.27	(0.03)	(0.41)	3.13	(3.18)	6.73	(5.24)	20.13
REAL	3.72	(0.14)	0.00	0.16	6.35	(3.88)	6.85	(6.94)	40.85
PVH	2.51	0.53	0.00	(0.20)	3.68	(2.83)	6.02	(2.53)	34.82
RL	1.71	0.34	0.29	0.47	1.27	(2.37)	4.43	(2.25)	20.85
LKQ	1.32	(0.21)	(0.09)	0.02	2.47	(1.24)	2.57	(2.36)	19.54

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