Carters Correlations

Stocks . USA . 
Stock . Carters
CRI Stock  USD 30.42  0.01  0.03%   
The current 90-days correlation between Carters and Childrens Place is 0.28 (i.e., Modest diversification). The correlation of Carters 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.

Carters Correlation With Market

Very weak diversification

The correlation between Carters and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carters and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carters. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Carters Stock please use our How to Invest in Carters guide.

Moving together with Carters Stock

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Moving against Carters Stock

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  0.67W WayfairPairCorr
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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   
OXM
+ 0.78
PLCE
PVH
+ 0.72
PLCE
PVH
+ 0.71
OXM
COLM
+ 0.63
OXM
COLM
+ 0.6
PLCE
PVH
+ 0.58
COLM
  
High negative correlations   
COLM
- 0.2
GIL
GIL
- 0.06
PLCE

Risk-Adjusted Indicators

There is a big difference between Carters Stock performing well and Carters 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 Carters' 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.

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