Dollar Tree Correlations

DLTR Stock  USD 114.41  0.20  0.18%   
The current 90-days correlation between Dollar Tree and BJs Wholesale Club is -0.01 (i.e., Good diversification). The correlation of Dollar Tree 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.

Dollar Tree Correlation With Market

Modest diversification

The correlation between Dollar Tree and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dollar Tree and DJI in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar Tree. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Dollar Stock, please use our How to Invest in Dollar Tree guide.

Moving together with Dollar Stock

  0.78DG Dollar General Sell-off TrendPairCorr
  0.83TGT TargetPairCorr
  0.96EL Estee Lauder CompaniesPairCorr
  0.71IH Ihuman IncPairCorr
  0.81TR Tootsie Roll IndustriesPairCorr
  0.77YQ 17 Education TechnologyPairCorr
  0.82DTCK Davis CommoditiesPairCorr
  0.66EPSM Epsium EnterprisePairCorr
  0.94WILC G Willi FoodPairCorr

Moving against Dollar Stock

  0.85JZ Jianzhi EducationPairCorr
  0.8BJ BJs Wholesale ClubPairCorr
  0.77K Kellanova Earnings Call This WeekPairCorr
  0.7GV Visionary EducationPairCorr
  0.69YI 111 IncPairCorr
  0.66UL Unilever PLC ADR Earnings Call This WeekPairCorr
  0.61COST Costco Wholesale CorpPairCorr
  0.61GO Grocery Outlet HoldingPairCorr
  0.55KO Coca ColaPairCorr
  0.49CL Colgate PalmolivePairCorr
  0.49PG Procter Gamble Earnings Call This WeekPairCorr
  0.85WGRX Wellgistics Health,PairCorr
  0.85WVVI Willamette ValleyPairCorr
  0.68WYHG Wing Yip FoodPairCorr
  0.51FARM Farmer BrosPairCorr
  0.48DOLE Dole PLCPairCorr
  0.48VSTA Vasta PlatformPairCorr
  0.35EEIQ Elite Education GroupPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
TJXROST
ULTADG
COSTBJ
WMTCOST
TJXCOST
ROSTCOST
  
High negative correlations   
ULTABJ
ROSTDG
TJXDG
DGBJ
ULTAROST
ULTATJX

Risk-Adjusted Indicators

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

Dollar Tree Corporate Management