Dollar Tree Correlations
DLTR Stock | USD 114.77 4.65 4.22% |
The current 90-days correlation between Dollar Tree and BJs Wholesale Club is 0.06 (i.e., Significant 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
Good diversification
The correlation between Dollar Tree and DJI is -0.18 (i.e., Good 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.
Moving together with Dollar Stock
0.79 | TGT | Target | PairCorr |
0.85 | DG | Dollar General | PairCorr |
0.96 | EL | Estee Lauder Companies | PairCorr |
0.67 | IH | Ihuman Inc | PairCorr |
0.81 | PM | Philip Morris Intern Earnings Call Today | PairCorr |
0.76 | TR | Tootsie Roll Industries Earnings Call Tomorrow | PairCorr |
0.84 | YQ | 17 Education Technology | PairCorr |
0.86 | DTCK | Davis Commodities | PairCorr |
0.84 | EPSM | Epsium Enterprise | PairCorr |
0.9 | WILC | G Willi Food | PairCorr |
0.7 | EWCZ | European Wax Center | PairCorr |
0.65 | CENTA | Central Garden Pet | PairCorr |
Moving against Dollar Stock
0.9 | JZ | Jianzhi Education Tech Boost | PairCorr |
0.78 | K | Kellanova Earnings Call This Week | PairCorr |
0.77 | BJ | BJs Wholesale Club Sell-off Trend | PairCorr |
0.7 | GO | Grocery Outlet Holding | PairCorr |
0.6 | PG | Procter Gamble Earnings Call This Week | PairCorr |
0.6 | DNUT | Krispy Kreme Trending | PairCorr |
0.58 | UL | Unilever PLC ADR | PairCorr |
0.57 | CL | Colgate Palmolive Earnings Call This Week | PairCorr |
0.57 | GV | Visionary Education | PairCorr |
0.56 | KO | Coca Cola Earnings Call Today | PairCorr |
0.46 | DOLE | Dole PLC | PairCorr |
0.45 | YI | 111 Inc | PairCorr |
0.88 | WGRX | Wellgistics Health, | PairCorr |
0.82 | WVVI | Willamette Valley | PairCorr |
0.78 | FARM | Farmer Bros Buyout Trend | PairCorr |
0.74 | WYHG | Wing Yip Food | PairCorr |
0.65 | EEIQ | Elite Education Group | PairCorr |
0.59 | VSTA | Vasta Platform | PairCorr |
0.54 | XAGE | Longevity Health Hol Symbol Change | PairCorr |
0.52 | EDTK | Skillful Craftsman | PairCorr |
0.4 | BSLKW | Bolt Projects Holdings, Symbol Change | PairCorr |
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 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
BJ | 1.34 | (0.22) | 0.00 | (0.77) | 0.00 | 2.72 | 10.10 | |||
DG | 1.61 | 0.35 | 0.13 | (1.97) | 1.26 | 4.15 | 18.81 | |||
COST | 0.87 | (0.13) | 0.00 | (0.08) | 0.00 | 2.24 | 7.00 | |||
WMT | 0.83 | (0.04) | (0.11) | 0.06 | 0.97 | 1.82 | 4.91 | |||
ROST | 1.12 | (0.21) | 0.00 | (0.06) | 0.00 | 1.87 | 14.75 | |||
TJX | 0.80 | (0.15) | 0.00 | (0.05) | 0.00 | 1.70 | 5.63 | |||
ORLY | 1.10 | (0.02) | (0.09) | 0.05 | 1.27 | 2.05 | 5.63 | |||
ULTA | 1.27 | 0.41 | 0.33 | 0.71 | 0.64 | 3.51 | 13.36 |
Dollar Tree Corporate Management
Michael Creedon | Chief Officer | Profile | |
Aditya Maheshwari | Senior Officer | Profile | |
Jonathan JD | Chief Secretary | Profile | |
Richard McNeely | Chief Officer | Profile | |
Robert Aflatooni | Chief Officer | Profile | |
Bobby Aflatooni | Chief Officer | Profile |