Co-movers

daily closes · 500dMethod

Moved together

DECKwithNKE

×0.32co-movement · NKE on DECK · 500d

r 0.41scale to r 0.75

Shared co-movers3with DECKwith NKE

COLMColumbia Sportswear Cor 0.48r 0.53

SHOOSteven Madden, Ltd.r 0.49r 0.46

DKSDick's Sporting Goods, Inc.r 0.48r 0.44

DECK, solidNKE, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

DECK compared with NKE: revenue, margins and what each company keeps, and the suppliers and customers both name