Walmart Correlations

WMT Stock

EUR 91.81 0.99 1.09%

The current 90-days correlation between Walmart and MHP Hotel AG is 0.15 (i.e., Average diversification). The correlation of Walmart 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.

Walmart Correlation With Market

Significant diversification

The correlation between Walmart and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walmart and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Walmart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Walmart when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Walmart - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Walmart to buy it.

Moving together with Walmart Stock

1.0	WMT	Walmart	Pair Corr
0.97	CTO	Costco Wholesale	Pair Corr
0.89	4GNB	Wal Mart de	Pair Corr
0.88	BUI	Burlington Stores	Pair Corr
0.93	APC	Apple Inc	Pair Corr
0.92	APC	Apple Inc	Pair Corr
0.93	APC	Apple Inc	Pair Corr
0.92	APC	Apple Inc	Pair Corr
0.92	APC	Apple Inc	Pair Corr
0.92	APC	Apple Inc	Pair Corr
0.88	MSF	Microsoft	Pair Corr
0.87	MSF	Microsoft	Pair Corr
0.87	MSF	Microsoft	Pair Corr
0.87	MSF	Microsoft	Pair Corr
0.71	E908	Lyxor 1	Pair Corr

Moving against Walmart Stock

0.71	DYH	Target	Pair Corr
0.69	DBPD	Xtrackers ShortDAX	Pair Corr
0.37	7DG	Dollar General	Pair Corr

Related Correlations Analysis

	CDZ0	0VD0	1HTA	SDP	63U	MEL	63TA	ZCG
CDZ0		0.24	0.45	0.41	-0.28	0.22	0.39	0.36	CDZ0
0VD0	0.24		0.02	0.12	-0.47	0.22	0.32	0.05	0VD0
1HTA	0.45	0.02		0.55	-0.26	0.64	0.3	0.73	1HTA
SDP	0.41	0.12	0.55		-0.36	0.22	0.41	0.23	SDP
63U	-0.28	-0.47	-0.26	-0.36		-0.41	-0.15	-0.17	63U
MEL	0.22	0.22	0.64	0.22	-0.41		0.08	0.61	MEL
63TA	0.39	0.32	0.3	0.41	-0.15	0.08		0.26	63TA
ZCG	0.36	0.05	0.73	0.23	-0.17	0.61	0.26		ZCG
	CDZ0	0VD0	1HTA	SDP	63U	MEL	63TA	ZCG

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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

ZCG	+ 0.73	1HTA
MEL	+ 0.64	1HTA
ZCG	+ 0.61	MEL
SDP	+ 0.55	1HTA
1HTA	+ 0.45	CDZ0
SDP	+ 0.41	CDZ0

High negative correlations

63U	- 0.47	0VD0
MEL	- 0.41	63U
63U	- 0.36	SDP
63U	- 0.28	CDZ0
63U	- 0.26	1HTA
ZCG	- 0.17	63U

Risk-Adjusted Indicators

There is a big difference between Walmart Stock performing well and Walmart 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 Walmart'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
CDZ0	1.96	0.09	0.03	(0.43)	1.96	(4.14)	8.04	(4.39)	16.40
0VD0	0.94	0.07	0.03	(20.30)	1.09	(1.56)	2.04	(2.56)	6.16
1HTA	1.37	0.18	0.08	0.21	1.96	(1.32)	2.87	(3.22)	10.40
SDP	1.61	0.18	0.10	0.14	1.43	(2.52)	4.74	(2.62)	12.05
63U	0.58	(0.09)	0.00	(0.11)	0.00	0.00	0.00	(4.76)	9.76
MEL	1.17	0.21	0.15	1.38	1.05	(1.42)	3.33	(1.78)	7.09
63TA	2.73	0.48	0.15	1.47	2.60	(3.60)	7.02	(5.08)	21.52
ZCG	1.86	0.35	0.13	1.05	2.22	(2.23)	4.03	(3.51)	12.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Walmart without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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