Culp Correlations

CULP Stock

USD 4.34 0.02 0.46%

The current 90-days correlation between Culp Inc and Unifi Inc is -0.16 (i.e., Good diversification). The correlation of Culp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Culp Correlation With Market

Average diversification

The correlation between Culp Inc and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Culp Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Culp Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Culp 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 board of governors.

Moving against Culp Stock

0.49	002034	Wangneng Environment	Pair Corr
0.42	WWW	Wolverine World Wide	Pair Corr
0.37	NKE	Nike Inc	Pair Corr
0.57	SPNUF	Spirent Communications	Pair Corr
0.52	SWSDF	Swiss Life Holding	Pair Corr
0.51	MSFT	Microsoft	Pair Corr
0.5	TMO	Thermo Fisher Scientific	Pair Corr
0.44	NOEMU	CO2 Energy Transition	Pair Corr
0.39	594918AJ3	MICROSOFT P 45	Pair Corr
0.37	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	UFI	AIN	TRYIF	DXYN	HBB	CIVB	CATO	CLPR	BWFG
UFI		0.37	0.32	-0.11	0.71	0.6	-0.31	-0.59	-0.41	UFI
AIN	0.37		0.04	-0.69	0.76	0.49	-0.59	-0.24	-0.8	AIN
TRYIF	0.32	0.04		0.18	0.33	0.2	0.13	-0.03	0.05	TRYIF
DXYN	-0.11	-0.69	0.18		-0.37	-0.07	0.88	0.51	0.87	DXYN
HBB	0.71	0.76	0.33	-0.37		0.72	-0.37	-0.35	-0.65	HBB
CIVB	0.6	0.49	0.2	-0.07	0.72		-0.05	-0.01	-0.26	CIVB
CATO	-0.31	-0.59	0.13	0.88	-0.37	-0.05		0.72	0.88	CATO
CLPR	-0.59	-0.24	-0.03	0.51	-0.35	-0.01	0.72		0.62	CLPR
BWFG	-0.41	-0.8	0.05	0.87	-0.65	-0.26	0.88	0.62		BWFG
	UFI	AIN	TRYIF	DXYN	HBB	CIVB	CATO	CLPR	BWFG

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

CATO	+ 0.88	DXYN
BWFG	+ 0.88	CATO
BWFG	+ 0.87	DXYN
HBB	+ 0.76	AIN
CIVB	+ 0.72	HBB
CLPR	+ 0.72	CATO

High negative correlations

BWFG	- 0.8	AIN
DXYN	- 0.69	AIN
BWFG	- 0.65	HBB
CATO	- 0.59	AIN
CLPR	- 0.59	UFI
BWFG	- 0.41	UFI

Risk-Adjusted Indicators

There is a big difference between Culp Stock performing well and Culp 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 Culp'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
UFI	1.15	(0.19)	0.00	(2.47)	0.00	0.00	2.46	(2.65)	5.90
AIN	1.72	(0.49)	0.00	(0.14)	0.00	0.00	3.38	(2.55)	26.39
TRYIF	0.40	(0.01)	0.00	(0.02)	0.00	0.00	0.00	0.00	12.69
DXYN	3.56	0.71	0.13	0.70	3.90	(4.85)	6.67	(5.97)	41.56
HBB	2.78	(0.48)	0.00	(0.10)	0.00	0.00	4.75	(6.01)	17.86
CIVB	1.20	(0.37)	0.00	(0.16)	0.00	0.00	2.12	(2.31)	14.89
CATO	3.13	0.88	0.26	(1.01)	2.39	(4.08)	6.64	(4.10)	40.72
CLPR	2.11	(0.01)	0.02	0.06	2.33	(2.45)	4.52	(3.67)	18.18
BWFG	1.18	0.18	0.14	0.23	1.05	(1.29)	2.41	(1.82)	8.65

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