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.

Build AI portfolio with Dollar Stock

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

0.78	DG	Dollar General Sell-off Trend	Pair Corr
0.83	TGT	Target	Pair Corr
0.96	EL	Estee Lauder Companies	Pair Corr
0.71	IH	Ihuman Inc	Pair Corr
0.81	TR	Tootsie Roll Industries	Pair Corr
0.77	YQ	17 Education Technology	Pair Corr
0.82	DTCK	Davis Commodities	Pair Corr
0.66	EPSM	Epsium Enterprise	Pair Corr
0.94	WILC	G Willi Food	Pair Corr

Moving against Dollar Stock

0.85	JZ	Jianzhi Education	Pair Corr
0.8	BJ	BJs Wholesale Club	Pair Corr
0.77	K	Kellanova Earnings Call This Week	Pair Corr
0.7	GV	Visionary Education	Pair Corr
0.69	YI	111 Inc	Pair Corr
0.66	UL	Unilever PLC ADR Earnings Call This Week	Pair Corr
0.61	COST	Costco Wholesale Corp	Pair Corr
0.61	GO	Grocery Outlet Holding	Pair Corr
0.55	KO	Coca Cola	Pair Corr
0.49	CL	Colgate Palmolive	Pair Corr
0.49	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.85	WGRX	Wellgistics Health,	Pair Corr
0.85	WVVI	Willamette Valley	Pair Corr
0.68	WYHG	Wing Yip Food	Pair Corr
0.51	FARM	Farmer Bros	Pair Corr
0.48	DOLE	Dole PLC	Pair Corr
0.48	VSTA	Vasta Platform	Pair Corr
0.35	EEIQ	Elite Education Group	Pair Corr

Related Correlations Analysis

	BJ	DG	COST	WMT	ROST	TJX	ORLY	ULTA
BJ		-0.58	0.64	0.37	0.47	0.53	-0.1	-0.79	BJ
DG	-0.58		-0.31	-0.08	-0.68	-0.64	-0.06	0.84	DG
COST	0.64	-0.31		0.63	0.57	0.61	-0.3	-0.41	COST
WMT	0.37	-0.08	0.63		0.29	0.43	0.11	-0.02	WMT
ROST	0.47	-0.68	0.57	0.29		0.94	0.13	-0.57	ROST
TJX	0.53	-0.64	0.61	0.43	0.94		0.17	-0.53	TJX
ORLY	-0.1	-0.06	-0.3	0.11	0.13	0.17		0.15	ORLY
ULTA	-0.79	0.84	-0.41	-0.02	-0.57	-0.53	0.15		ULTA
	BJ	DG	COST	WMT	ROST	TJX	ORLY	ULTA

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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

TJX	+ 0.94	ROST
ULTA	+ 0.84	DG
COST	+ 0.64	BJ
WMT	+ 0.63	COST
TJX	+ 0.61	COST
ROST	+ 0.57	COST

High negative correlations

ULTA	- 0.79	BJ
ROST	- 0.68	DG
TJX	- 0.64	DG
DG	- 0.58	BJ
ULTA	- 0.57	ROST
ULTA	- 0.53	TJX

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	1.23	(0.16)	0.00	(3.09)	0.00	0.00	2.72	(2.58)	10.10
DG	1.52	0.17	(0.01)	2.43	1.29	(2.20)	4.10	(2.95)	18.81
COST	0.74	(0.18)	0.00	(0.13)	0.00	0.00	1.60	(1.54)	7.00
WMT	0.73	(0.03)	(0.18)	0.11	0.83	(0.82)	1.46	(1.41)	4.24
ROST	1.07	(0.22)	(0.09)	0.01	1.99	(1.09)	1.87	(2.14)	14.75
TJX	0.71	(0.16)	(0.18)	0.01	1.00	(0.75)	1.70	(1.63)	5.63
ORLY	1.05	0.06	(0.10)	1.07	1.13	(1.14)	2.12	(2.04)	5.63
ULTA	1.15	0.30	0.26	0.54	0.54	(1.39)	2.78	(1.58)	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

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