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.
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

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Moving against Dollar Stock

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  0.78K Kellanova Earnings Call This WeekPairCorr
  0.77BJ BJs Wholesale Club Sell-off TrendPairCorr
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  0.6PG Procter Gamble Earnings Call This WeekPairCorr
  0.6DNUT Krispy Kreme TrendingPairCorr
  0.58UL Unilever PLC ADRPairCorr
  0.57CL Colgate Palmolive Earnings Call This WeekPairCorr
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  0.46DOLE Dole PLCPairCorr
  0.45YI 111 IncPairCorr
  0.88WGRX Wellgistics Health,PairCorr
  0.82WVVI Willamette ValleyPairCorr
  0.78FARM Farmer Bros Buyout TrendPairCorr
  0.74WYHG Wing Yip FoodPairCorr
  0.65EEIQ Elite Education GroupPairCorr
  0.59VSTA Vasta PlatformPairCorr
  0.54XAGE Longevity Health Hol Symbol ChangePairCorr
  0.52EDTK Skillful CraftsmanPairCorr
  0.4BSLKW Bolt Projects Holdings, Symbol ChangePairCorr

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   
TJXROST
ULTADG
WMTCOST
TJXCOST
ROSTCOST
TJXBJ
  
High negative correlations   
ULTABJ
ROSTDG
DGBJ
TJXDG
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