BJs Wholesale Correlations

BJ Stock

USD 115.41 3.08 2.60%

The current 90-days correlation between BJs Wholesale Club and Dollar Tree is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BJs Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BJs Wholesale Club moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

BJs Wholesale Correlation With Market

Average diversification

The correlation between BJs Wholesale Club and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BJs Wholesale Club 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 BJs Wholesale Club. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with BJs Stock

0.71	DG	Dollar General	Pair Corr
0.88	KR	Kroger Company	Pair Corr
0.63	YI	111 Inc	Pair Corr
0.88	ACI	Albertsons Companies	Pair Corr
0.86	WMK	Weis Markets	Pair Corr
0.73	VLGEA	Village Super Market	Pair Corr
0.87	K	Kellanova Sell-off Trend	Pair Corr

Moving against BJs Stock

0.83	AVO	Mission Produce	Pair Corr
0.81	TGT	Target	Pair Corr
0.46	GO	Grocery Outlet Holding	Pair Corr
0.4	DLTR	Dollar Tree	Pair Corr
0.34	DTCK	Davis Commodities	Pair Corr
0.7	TBBB	BBB Foods	Pair Corr
0.64	WNW	Meiwu Technology	Pair Corr
0.53	HCWC	Healthy Choice Wellness	Pair Corr
0.49	HITI	High Tide	Pair Corr
0.38	PFGC	Performance Food	Pair Corr
0.72	VITL	Vital Farms Sell-off Trend	Pair Corr
0.66	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.62	EL	Estee Lauder Companies	Pair Corr
0.62	FC	Franklin Covey	Pair Corr

Related Correlations Analysis

	BIG	DLTR	DKS	WSM	DDS
BIG		0.0	0.0	0.0	0.0	BIG
DLTR	0.0		0.63	0.5	0.62	DLTR
DKS	0.0	0.63		0.88	0.88	DKS
WSM	0.0	0.5	0.88		0.89	WSM
DDS	0.0	0.62	0.88	0.89		DDS
	BIG	DLTR	DKS	WSM	DDS

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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

DDS	+ 0.89	WSM
WSM	+ 0.88	DKS
DDS	+ 0.88	DKS
DKS	+ 0.63	DLTR
DDS	+ 0.62	DLTR
WSM	+ 0.5	DLTR

High negative correlations

DDS	- 0.0	BIG
WSM	- 0.0	BIG
DKS	- 0.0	BIG
DLTR	- 0.0	BIG

Risk-Adjusted Indicators

There is a big difference between BJs Stock performing well and BJs Wholesale 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 BJs Wholesale'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BIG	0.00	0.00	0.00	0.00	0.00	0.00
DLTR	2.41	0.05	(0.11)	4.48	(5.46)	24.53
DKS	1.99	(0.26)	(0.81)	3.18	(4.42)	9.62
WSM	2.15	(0.14)	(0.26)	3.86	(5.56)	20.33
DDS	2.06	(0.40)	(0.85)	3.59	(5.13)	13.05

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