Build A Correlations

BBW Stock

USD 54.99 1.01 1.87%

The current 90-days correlation between Build A Bear and Big 5 Sporting is -0.04 (i.e., Good diversification). The correlation of Build A 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.

Build A Correlation With Market

Very weak diversification

The correlation between Build A Bear Workshop and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Build A Bear Workshop and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Build Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Build A Bear Workshop. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Build Stock

0.78	ASO	Academy Sports Outdoors	Pair Corr
0.95	EYE	National Vision Holdings	Pair Corr
0.75	BLNK	Blink Charging	Pair Corr
0.84	H	Hyatt Hotels Earnings Call Today	Pair Corr
0.61	IH	Ihuman Inc	Pair Corr
0.63	LI	Li Auto	Pair Corr
0.95	DOOO	BRP Inc	Pair Corr
0.82	WING	Wingstop Earnings Call This Week	Pair Corr
0.85	FLUT	Flutter Entertainment plc	Pair Corr
0.63	BLD	Topbuild Corp	Pair Corr
0.68	CMG	Chipotle Mexican Grill	Pair Corr
0.88	COE	51Talk Online Education	Pair Corr
0.91	CSV	Carriage Services Earnings Call This Week	Pair Corr
0.84	DRI	Darden Restaurants	Pair Corr
0.8	HLT	Hilton Worldwide Holdings	Pair Corr
0.75	MAR	Marriott International	Pair Corr
0.8	MAT	Mattel Inc	Pair Corr

Moving against Build Stock

0.71	DPZ	Dominos Pizza Common	Pair Corr
0.65	EEIQ	Elite Education Group	Pair Corr
0.56	VSTA	Vasta Platform	Pair Corr
0.56	ECDA	ECD Automotive Design	Pair Corr
0.52	GV	Visionary Education	Pair Corr
0.5	EDTK	Skillful Craftsman	Pair Corr
0.95	ZSPC	zSpace, Common stock Trending	Pair Corr
0.86	HRB	HR Block	Pair Corr
0.82	MCD	McDonalds	Pair Corr
0.77	WTO	UTime Limited	Pair Corr
0.74	JACK	Jack In	Pair Corr
0.67	WEN	The Wendys Earnings Call This Week	Pair Corr
0.51	HTHT	Huazhu Group	Pair Corr
0.48	XPEV	Xpeng Inc Sell-off Trend	Pair Corr
0.33	LXEH	Lixiang Education Holding	Pair Corr

Related Correlations Analysis

	SPWH	BBWI	BGFV	WSM	DKS	CTRN	BKE	GCO
SPWH		-0.06	0.74	0.37	0.38	0.84	0.86	0.42	SPWH
BBWI	-0.06		0.32	0.65	0.68	-0.09	0.19	0.46	BBWI
BGFV	0.74	0.32		0.78	0.45	0.78	0.91	0.71	BGFV
WSM	0.37	0.65	0.78		0.51	0.49	0.67	0.78	WSM
DKS	0.38	0.68	0.45	0.51		0.23	0.45	0.44	DKS
CTRN	0.84	-0.09	0.78	0.49	0.23		0.87	0.52	CTRN
BKE	0.86	0.19	0.91	0.67	0.45	0.87		0.65	BKE
GCO	0.42	0.46	0.71	0.78	0.44	0.52	0.65		GCO
	SPWH	BBWI	BGFV	WSM	DKS	CTRN	BKE	GCO

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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

BKE	+ 0.91	BGFV
BKE	+ 0.87	CTRN
BKE	+ 0.86	SPWH
CTRN	+ 0.84	SPWH
WSM	+ 0.78	BGFV
CTRN	+ 0.78	BGFV

High negative correlations

CTRN	- 0.09	BBWI
BBWI	- 0.06	SPWH

Risk-Adjusted Indicators

There is a big difference between Build Stock performing well and Build A 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 Build A'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
SPWH	3.88	1.23	0.30	1.35	3.30	(4.68)	11.38	(5.66)	25.26
BBWI	2.08	(0.08)	0.02	0.16	2.30	(2.49)	5.03	(3.53)	14.49
BGFV	4.10	1.26	0.18	(1.45)	3.78	(5.69)	6.50	(5.60)	71.09
WSM	1.67	0.46	0.12	(2.30)	1.45	(2.02)	3.72	(2.52)	12.90
DKS	2.00	(0.11)	0.02	0.15	3.06	(2.11)	4.15	(3.52)	25.87
CTRN	2.40	0.48	0.22	0.53	1.90	(2.75)	6.61	(3.92)	27.59
BKE	1.20	0.33	0.35	0.48	0.51	(1.55)	4.00	(1.95)	8.58
GCO	2.73	0.05	0.09	0.23	2.65	(3.09)	7.62	(5.11)	20.03

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