Birks Correlations

BGI Stock

USD 2.15 0.01 0.46%

The current 90-days correlation between Birks Group and Ross Stores is 0.24 (i.e., Modest diversification). The correlation of Birks 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.

Birks Correlation With Market

Modest diversification

The correlation between Birks Group and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Birks Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Birks Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Birks Stock

0.71

NEGG

Newegg Commerce

Pair Corr

Moving against Birks Stock

0.81	HD	Home Depot	Pair Corr
0.8	LOW	Lowes Companies	Pair Corr
0.78	KIRK	Kirklands	Pair Corr
0.66	JFBR	Jeffs Brands	Pair Corr
0.56	MNSO	Miniso Group Holding	Pair Corr
0.53	HOUR	Hour Loop	Pair Corr
0.51	BBY	Best Buy	Pair Corr
0.5	DDS	Dillards	Pair Corr
0.42	JWN	Nordstrom	Pair Corr
0.4	FND	Floor Decor Holdings Buyout Trend	Pair Corr
0.32	WEYS	Weyco Group	Pair Corr
0.81	TTSH	Tile Shop Holdings	Pair Corr
0.81	NIO	Nio Class A	Pair Corr
0.79	CPNG	Coupang LLC	Pair Corr
0.78	CMG	Chipotle Mexican Grill	Pair Corr
0.75	LI	Li Auto	Pair Corr
0.73	BYD	Boyd Gaming	Pair Corr
0.69	MSN	Emerson Radio	Pair Corr
0.68	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.62	DRI	Darden Restaurants	Pair Corr
0.56	BZH	Beazer Homes USA Fiscal Year End 21st of November 2024	Pair Corr
0.53	MHO	MI Homes	Pair Corr

Related Correlations Analysis

	ROST	GES	ANF	AEO	FL
ROST		-0.05	0.2	0.12	0.31	ROST
GES	-0.05		0.4	0.47	0.72	GES
ANF	0.2	0.4		0.61	0.53	ANF
AEO	0.12	0.47	0.61		0.37	AEO
FL	0.31	0.72	0.53	0.37		FL
	ROST	GES	ANF	AEO	FL

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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

FL	+ 0.72	GES
AEO	+ 0.61	ANF
FL	+ 0.53	ANF
AEO	+ 0.47	GES
ANF	+ 0.4	GES
FL	+ 0.37	AEO

High negative correlations

GES

- 0.05

ROST

Risk-Adjusted Indicators

There is a big difference between Birks Stock performing well and Birks 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 Birks' 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
ROST	1.05	(0.06)	(0.04)	0.01	1.43	(1.07)	2.12	(2.81)	8.32
GES	1.64	(0.46)	0.00	(0.29)	0.00	0.00	3.44	(3.88)	8.81
ANF	2.89	(0.02)	0.01	0.06	4.15	(2.94)	5.24	(4.98)	24.22
AEO	1.88	(0.15)	0.00	(0.03)	0.00	0.00	2.98	(4.39)	9.65
FL	2.35	(0.19)	0.00	(0.05)	0.00	0.00	5.74	(4.63)	17.54

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