Deckers Outdoor Corp (DECK) — Stock Correlations & Overview
Over the past year, DECK has moved most closely with RSPD, FXD, XRT. Explore the stocks most correlated and inversely correlated with DECK below, along with its price, financials, and company profile.
Stocks correlated with DECK
Correlation of daily returns. Higher positive values move with DECK; negative values move opposite it. Informational only, not investment advice.
Most correlated with DECK
| Symbol | Company | Correlation |
|---|---|---|
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 0.57 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.57 |
| XRT | State Street SPDR S&P Retail ETF | 0.55 |
| RETL | Direxion Daily Retail Bull 3X ETF | 0.55 |
| COWS | Amplify Cash Flow Dividend Leaders ETF | 0.54 |
Most inversely correlated with DECK
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.53 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.47 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.46 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.46 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.42 |
Frequently asked questions about DECK correlations
- Which stocks are most correlated with DECK?
- Based on one year of daily returns, the stocks most correlated with Deckers Outdoor Corp (DECK) are RSPD (0.57), FXD (0.57) and XRT (0.55). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with DECK?
- Over the past year, the stocks most inversely correlated with Deckers Outdoor Corp (DECK) are EMTY (-0.53), HDGE (-0.47) and FLYD (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these DECK correlations calculated?
- We compute the correlation of daily returns between DECK and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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