Walmart Correlations
WMT Stock | EUR 56.22 0.09 0.16% |
The correlation of Walmart 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Walmart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Walmart moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Walmart and NYA is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walmart and NYA in the same portfolio, assuming nothing else is changed.
Walmart |
The ability to find closely correlated positions to Walmart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Walmart when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Walmart - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Walmart to buy it.
Moving together with Walmart Stock
0.99 | WMT | Walmart Split | PairCorr |
0.67 | CTO | Costco Wholesale | PairCorr |
0.89 | DYH | Target | PairCorr |
0.84 | 7DG | Dollar General | PairCorr |
0.62 | DR3 | Dollarama | PairCorr |
0.83 | QJE | Pan Pacific International | PairCorr |
0.84 | XTP | Sino AG | PairCorr |
0.87 | CBHD | Coloplast A/S | PairCorr |
0.86 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Walmart Stock
Related Correlations Analysis
0.67 | -0.28 | 0.26 | -0.19 | 0.36 | 8SP | ||
0.67 | -0.36 | 0.36 | -0.53 | 0.78 | 39O1 | ||
-0.28 | -0.36 | 0.05 | 0.83 | -0.4 | INVN | ||
0.26 | 0.36 | 0.05 | 0.02 | 0.35 | IUI1 | ||
-0.19 | -0.53 | 0.83 | 0.02 | -0.59 | INL | ||
0.36 | 0.78 | -0.4 | 0.35 | -0.59 | VOW | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Walmart Stock performing well and Walmart 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 Walmart'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
8SP | 1.11 | 0.00 | (0.03) | 0.08 | 1.27 | 2.28 | 6.74 | |||
39O1 | 5.46 | 1.47 | 0.20 | (1.83) | 5.49 | 10.34 | 67.94 | |||
INVN | 3.03 | (0.56) | 0.00 | (0.89) | 0.00 | 6.14 | 36.27 | |||
IUI1 | 1.23 | 0.04 | (0.02) | 1.00 | 1.80 | 2.51 | 9.43 | |||
INL | 1.73 | (0.41) | 0.00 | 0.64 | 0.00 | 2.81 | 15.03 | |||
VOW | 1.32 | 0.24 | 0.13 | 1.55 | 1.13 | 2.42 | 11.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Walmart without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Walmart Corporate Directors
Walmart corporate directors refer to members of a Walmart board of directors. The board of directors generally takes responsibility for the Walmart's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Walmart's board members must vote for the resolution. The Walmart board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Sarah Friar | Independent Director | Profile | |
Michael Duke | Director | Profile | |
Steven Reinemund | Independent Director | Profile | |
Aida Alvarez | Independent Director | Profile |
Already Invested in Walmart?
The danger of trading Walmart is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Walmart is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Walmart. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Walmart is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Walmart is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Walmart Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Walmart Stock. Highlighted below are key reports to facilitate an investment decision about Walmart Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walmart. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Walmart Stock please use our How to Invest in Walmart guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Walmart Stock analysis
When running Walmart's price analysis, check to measure Walmart's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Walmart is operating at the current time. Most of Walmart's value examination focuses on studying past and present price action to predict the probability of Walmart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Walmart's price. Additionally, you may evaluate how the addition of Walmart to your portfolios can decrease your overall portfolio volatility.
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