Buckle Correlations

BKE Stock

USD 47.66 0.50 1.06%

The current 90-days correlation between Buckle Inc and Quanex Building Products is -0.33 (i.e., Very good diversification). The correlation of Buckle 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.

Buckle Correlation With Market

Poor diversification

The correlation between Buckle Inc and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buckle Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Buckle Stock

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

Moving together with Buckle Stock

0.96	JL	J Long Group	Pair Corr
0.87	EPSM	Epsium Enterprise Upward Rally	Pair Corr
0.75	WEYS	Weyco Group	Pair Corr
0.84	ABG	Asbury Automotive	Pair Corr
0.76	ASO	Academy Sports Outdoors	Pair Corr
0.61	BBY	Best Buy	Pair Corr
0.96	EYE	National Vision Holdings	Pair Corr
0.67	GES	Guess Inc	Pair Corr
0.76	GPC	Genuine Parts	Pair Corr
0.93	LAD	Lithia Motors	Pair Corr
0.69	PHH	Park Ha Biological	Pair Corr
0.82	TLF	Tandy Leather Factory	Pair Corr
0.81	SPWH	Sportsmans	Pair Corr
0.94	BOOT	Boot Barn Holdings	Pair Corr
0.82	UCAR	U Power Limited	Pair Corr
0.93	CPNG	Coupang LLC Sell-off Trend	Pair Corr
0.8	F	Ford Motor Aggressive Push	Pair Corr
0.89	BC	Brunswick	Pair Corr

Moving against Buckle Stock

0.65	DIT	AMCON Distributing	Pair Corr
0.6	FLWS	1 800 FLOWERSCOM	Pair Corr
0.54	RAY	Raytech Holding	Pair Corr
0.84	JFBR	Jeffs Brands	Pair Corr
0.75	SG	Sweetgreen	Pair Corr
0.61	HTLM	HomesToLife	Pair Corr
0.45	KIRK	Kirklands	Pair Corr
0.33	LVLU	Lulus Fashion Lounge	Pair Corr
0.33	VEEE	Twin Vee Powercats	Pair Corr

Related Correlations Analysis

	SVSN	NX	WS	IIIN	MT	XPOF	SWMD	KALU
SVSN		0.0	0.0	0.0	0.0	0.0	1.0	0.0	SVSN
NX	0.0		0.46	0.17	0.38	0.13	0.0	0.56	NX
WS	0.0	0.46		0.6	0.66	0.26	0.0	0.65	WS
IIIN	0.0	0.17	0.6		0.9	0.55	0.0	0.84	IIIN
MT	0.0	0.38	0.66	0.9		0.62	0.0	0.87	MT
XPOF	0.0	0.13	0.26	0.55	0.62		0.0	0.57	XPOF
SWMD	1.0	0.0	0.0	0.0	0.0	0.0		0.0	SWMD
KALU	0.0	0.56	0.65	0.84	0.87	0.57	0.0		KALU
	SVSN	NX	WS	IIIN	MT	XPOF	SWMD	KALU

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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

SWMD	+ 1.0	SVSN
MT	+ 0.9	IIIN
KALU	+ 0.87	MT
KALU	+ 0.84	IIIN
MT	+ 0.66	WS
KALU	+ 0.65	WS

High negative correlations

KALU	- 0.0	SWMD
SWMD	- 0.0	XPOF
SWMD	- 0.0	MT
SWMD	- 0.0	IIIN
SWMD	- 0.0	WS
SWMD	- 0.0	NX

Risk-Adjusted Indicators

There is a big difference between Buckle Stock performing well and Buckle 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 Buckle'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
SVSN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NX	2.89	0.04	(0.02)	(0.04)	3.27	(3.69)	9.09	(4.67)	18.08
WS	2.35	0.28	0.06	(1.90)	2.74	(2.46)	3.67	(4.02)	19.25
IIIN	1.78	0.45	0.23	0.64	1.55	(2.31)	3.58	(2.15)	17.07
MT	1.88	0.00	0.01	0.08	2.54	(1.90)	4.03	(3.49)	20.46
XPOF	3.33	(0.25)	0.00	(0.09)	0.00	0.00	8.04	(6.44)	20.32
SWMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KALU	2.08	0.34	0.11	1.64	2.29	(2.48)	5.95	(4.35)	13.81

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