Five Below Correlations

FIVE Stock

USD 62.66 6.91 12.39%

The current 90-days correlation between Five Below and Williams Sonoma is -0.31 (i.e., Very good diversification). The correlation of Five Below 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.

Five Below Correlation With Market

Significant diversification

The correlation between Five Below and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Five Below 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 Five Below. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For information on how to trade Five Stock refer to our How to Trade Five Stock guide.

Moving together with Five Stock

0.84	M	Macys Inc	Pair Corr
0.87	W	Wayfair	Pair Corr
0.79	DIBS	1StdibsCom	Pair Corr
0.72	AN	AutoNation	Pair Corr
0.88	BQ	Boqii Holding Limited	Pair Corr
0.91	FL	Foot Locker	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.68	JL	J Long Group	Pair Corr
0.87	LE	Lands End	Pair Corr
0.91	RH	RH Upward Rally	Pair Corr
0.82	DLTH	Duluth Holdings	Pair Corr
0.89	DXLG	Destination XL Group	Pair Corr
0.86	VSCO	Victorias Secret	Pair Corr
0.9	EDUC	Educational Development	Pair Corr
0.84	WEYS	Weyco Group	Pair Corr
0.87	ETSY	Etsy Inc	Pair Corr
0.77	WINA	Winmark Earnings Call This Week	Pair Corr
0.75	EVGO	Evgo Inc	Pair Corr
0.61	WOOF	Pet Acquisition LLC	Pair Corr
0.91	WRBY	Warby Parker	Pair Corr
0.81	FLWS	1 800 FLOWERSCOM	Pair Corr
0.8	AAP	Advance Auto Parts	Pair Corr
0.61	ABG	Asbury Automotive	Pair Corr
0.91	AEO	American Eagle Outfitters	Pair Corr
0.84	AKA	AKA Brands Holding	Pair Corr
0.87	ANF	Abercrombie Fitch	Pair Corr
0.95	ASO	Academy Sports Outdoors	Pair Corr
0.92	FNKO	Funko Inc	Pair Corr
0.66	BBW	Build A Bear	Pair Corr
0.84	BBY	Best Buy	Pair Corr
0.74	BGI	Birks Group	Pair Corr
0.89	BKE	Buckle Inc	Pair Corr
0.65	CAL	Continental	Pair Corr

Moving against Five Stock

0.39	VIPS	Vipshop Holdings	Pair Corr
0.7	AZO	AutoZone	Pair Corr
0.38	EYE	National Vision Holdings	Pair Corr

Related Correlations Analysis

	ORLY	AZO	GPC	WSM	ULTA	BBY	RH	AAP	TSCO	DKS
ORLY		0.86	0.24	-0.59	-0.65	-0.44	-0.72	-0.58	-0.14	-0.46	ORLY
AZO	0.86		0.31	-0.72	-0.61	-0.58	-0.82	-0.63	-0.17	-0.61	AZO
GPC	0.24	0.31		0.11	-0.39	0.28	-0.12	-0.16	0.47	0.01	GPC
WSM	-0.59	-0.72	0.11		0.62	0.91	0.93	0.83	0.62	0.91	WSM
ULTA	-0.65	-0.61	-0.39	0.62		0.5	0.8	0.78	0.32	0.67	ULTA
BBY	-0.44	-0.58	0.28	0.91	0.5		0.85	0.74	0.68	0.85	BBY
RH	-0.72	-0.82	-0.12	0.93	0.8	0.85		0.89	0.49	0.88	RH
AAP	-0.58	-0.63	-0.16	0.83	0.78	0.74	0.89		0.47	0.86	AAP
TSCO	-0.14	-0.17	0.47	0.62	0.32	0.68	0.49	0.47		0.66	TSCO
DKS	-0.46	-0.61	0.01	0.91	0.67	0.85	0.88	0.86	0.66		DKS
	ORLY	AZO	GPC	WSM	ULTA	BBY	RH	AAP	TSCO	DKS

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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

RH	+ 0.93	WSM
BBY	+ 0.91	WSM
DKS	+ 0.91	WSM
AAP	+ 0.89	RH
DKS	+ 0.88	RH
AZO	+ 0.86	ORLY

High negative correlations

RH	- 0.82	AZO
WSM	- 0.72	AZO
RH	- 0.72	ORLY
ULTA	- 0.65	ORLY
AAP	- 0.63	AZO
DKS	- 0.61	AZO

Risk-Adjusted Indicators

There is a big difference between Five Stock performing well and Five Below 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 Five Below'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
ORLY	1.18	0.15	0.20	(1.08)	1.21	(1.28)	2.41	(1.67)	7.12
AZO	1.07	0.19	0.16	0.36	1.51	(1.16)	2.17	(2.14)	8.76
GPC	1.40	0.05	0.00	(0.04)	0.00	0.00	2.15	(3.09)	8.29
WSM	2.41	(0.22)	0.00	(0.25)	0.00	0.00	3.86	(5.62)	20.33
ULTA	2.03	(0.12)	0.00	(0.22)	0.00	0.00	4.23	(4.48)	18.25
BBY	2.30	(0.24)	0.00	(0.25)	0.00	0.00	3.22	(6.13)	21.90
RH	4.18	(0.66)	0.00	(0.32)	0.00	0.00	4.53	(10.12)	46.55
AAP	2.61	(0.39)	0.00	(0.46)	0.00	0.00	5.17	(6.87)	25.00
TSCO	1.51	0.04	0.00	(0.06)	0.00	0.00	3.05	(5.02)	12.05
DKS	2.27	(0.18)	0.00	1.12	0.00	0.00	3.91	(4.42)	17.64

Five Below Corporate Management

Michael Romanko	Executive VP of Merchandising	Profile
Christiane Pelz	Vice Relations	Profile
Ronald Masciantonio	Secretary	Profile
Amit Jhunjhunwala	Chief Officer	Profile

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