Burlington Stores Correlations
| BURL Stock | USD 239.31 9.69 3.89% |
The current 90-days correlation between Burlington Stores and Urban Outfitters is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Burlington Stores moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Burlington Stores moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Burlington Stores Correlation With Market
Poor diversification
The correlation between Burlington Stores 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 Burlington Stores and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Burlington Stock
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| 0.68 | RH | RH | PairCorr |
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| 0.65 | WEYS | Weyco Group | PairCorr |
| 0.62 | ETSY | Etsy Inc | PairCorr |
| 0.61 | FLWS | 1 800 FLOWERSCOM | PairCorr |
| 0.65 | ABG | Asbury Automotive | PairCorr |
| 0.65 | ASO | Academy Sports Outdoors | PairCorr |
| 0.61 | BGI | Birks Group | PairCorr |
| 0.67 | FND | Floor Decor Holdings | PairCorr |
| 0.68 | LAD | Lithia Motors | PairCorr |
| 0.73 | LOW | Lowes Companies | PairCorr |
| 0.66 | GLBE | Global E Online | PairCorr |
| 0.64 | HOUR | Hour Loop | PairCorr |
| 0.73 | ZUMZ | Zumiez Inc | PairCorr |
| 0.64 | JFBR | Jeffs Brands | PairCorr |
| 0.61 | JMIA | Jumia Technologies Buyout Trend | PairCorr |
| 0.71 | PETS | PetMed Express | PairCorr |
Moving against Burlington Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Burlington Stock performing well and Burlington Stores 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 Burlington Stores' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TJX | 1.09 | 0.11 | 0.12 | 0.06 | 1.32 | 2.26 | 7.87 | |||
| GES | 4.26 | 0.39 | 0.05 | 0.07 | 4.94 | 9.76 | 41.89 | |||
| URBN | 2.51 | 0.12 | 0.00 | (0.04) | 0.00 | 4.43 | 27.43 | |||
| PLCE | 4.36 | (0.58) | 0.00 | (0.42) | 0.00 | 7.22 | 33.41 | |||
| HIBB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EXPR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AEO | 2.89 | (0.23) | 0.00 | (0.27) | 0.00 | 4.92 | 26.22 | |||
| SCVL | 2.57 | (0.38) | 0.00 | (0.42) | 0.00 | 4.61 | 21.54 | |||
| BKE | 1.73 | (0.19) | 0.00 | (0.33) | 0.00 | 2.79 | 13.34 |