ODP Corp Correlations

ODP Stock

USD 26.94 0.32 1.17%

The current 90-days correlation between ODP Corp and Leslies is 0.21 (i.e., Modest diversification). The correlation of ODP Corp 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.

ODP Corp Correlation With Market

Good diversification

The correlation between ODP Corp and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ODP Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ODP Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in ODP Stock, please use our How to Invest in ODP Corp guide.

Moving together with ODP Stock

0.64

AEO

American Eagle Outfitters

Pair Corr

Moving against ODP Stock

0.73	BH	Biglari Holdings	Pair Corr
0.72	GPI	Group 1 Automotive	Pair Corr
0.62	ABG	Asbury Automotive	Pair Corr
0.62	SAH	Sonic Automotive	Pair Corr
0.59	DORM	Dorman Products	Pair Corr
0.58	WEYS	Weyco Group	Pair Corr
0.45	LAD	Lithia Motors	Pair Corr
0.45	URBN	Urban Outfitters Earnings Call Today	Pair Corr
0.32	PAG	Penske Automotive	Pair Corr
0.58	LZB	La Z Boy Earnings Call Tomorrow	Pair Corr
0.58	TPX	Tempur Sealy Interna	Pair Corr
0.48	DPZ	Dominos Pizza	Pair Corr
0.46	DIN	Dine Brands Global	Pair Corr
0.44	EAT	Brinker International	Pair Corr
0.37	DRI	Darden Restaurants	Pair Corr

Related Correlations Analysis

	LESL	SBH	FLWS	CASY	EYE	SPWH	BGFV	MUSA	GPC	ORLY
LESL		0.08	0.0	0.13	0.41	-0.25	-0.23	0.4	-0.15	-0.1	LESL
SBH	0.08		0.21	0.06	0.47	0.2	-0.09	0.01	0.01	-0.02	SBH
FLWS	0.0	0.21		0.19	0.21	-0.03	-0.11	-0.01	-0.02	0.2	FLWS
CASY	0.13	0.06	0.19		0.46	-0.23	-0.54	0.23	-0.68	0.82	CASY
EYE	0.41	0.47	0.21	0.46		-0.18	-0.51	0.51	-0.27	0.24	EYE
SPWH	-0.25	0.2	-0.03	-0.23	-0.18		0.65	-0.5	0.22	-0.18	SPWH
BGFV	-0.23	-0.09	-0.11	-0.54	-0.51	0.65		-0.41	0.66	-0.28	BGFV
MUSA	0.4	0.01	-0.01	0.23	0.51	-0.5	-0.41		0.08	-0.02	MUSA
GPC	-0.15	0.01	-0.02	-0.68	-0.27	0.22	0.66	0.08		-0.51	GPC
ORLY	-0.1	-0.02	0.2	0.82	0.24	-0.18	-0.28	-0.02	-0.51		ORLY
	LESL	SBH	FLWS	CASY	EYE	SPWH	BGFV	MUSA	GPC	ORLY

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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

ORLY	+ 0.82	CASY
GPC	+ 0.66	BGFV
BGFV	+ 0.65	SPWH
MUSA	+ 0.51	EYE
EYE	+ 0.47	SBH
EYE	+ 0.46	CASY

High negative correlations

GPC	- 0.68	CASY
BGFV	- 0.54	CASY
ORLY	- 0.51	GPC
BGFV	- 0.51	EYE
MUSA	- 0.5	SPWH
MUSA	- 0.41	BGFV

Risk-Adjusted Indicators

There is a big difference between ODP Stock performing well and ODP Corp 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 ODP Corp'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
LESL	3.90	0.08	0.02	0.18	4.59	(4.40)	9.42	(8.31)	32.83
SBH	1.81	(0.13)	(0.06)	0.01	1.84	(2.15)	4.25	(2.78)	12.66
FLWS	1.92	(0.38)	0.00	(0.11)	0.00	0.00	3.87	(3.95)	17.33
CASY	1.30	0.16	0.08	0.39	1.18	(1.56)	2.76	(2.09)	10.48
EYE	1.85	0.16	0.04	0.45	1.90	(2.13)	4.82	(2.84)	10.35
SPWH	3.64	(0.16)	0.00	(0.01)	0.00	0.00	9.09	(6.25)	17.82
BGFV	2.97	(0.20)	0.00	(0.05)	0.00	0.00	4.69	(8.47)	25.47
MUSA	1.11	0.03	(0.01)	0.17	1.23	(1.23)	2.61	(1.90)	6.99
GPC	1.34	(0.27)	0.00	(0.13)	0.00	0.00	2.77	(2.36)	23.82
ORLY	0.83	0.03	0.00	0.16	0.89	(0.86)	1.40	(1.55)	7.77

ODP Corp Corporate Management

Sarah McConnell	Chief VP	Profile
Sarah Hlavinka	Chief VP	Profile
Zoe Maloney	Executive Officer	Profile
Timothy Perrott	Vice Relations	Profile
Richard Leland	Vice Treasurer	Profile

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