Walmart Correlations

Stocks . USA . 
Stock . Walmart
WMT Stock  USD 92.80  2.19  2.42%   
The current 90-days correlation between Walmart and Costco Wholesale Corp is 0.08 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Walmart Correlation With Market

Poor diversification

The correlation between Walmart and DJI is 0.71 (i.e., Poor 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.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walmart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Walmart Stock please use our How to Invest in Walmart guide.

Moving together with Walmart Stock

  0.61GO Grocery Outlet HoldingPairCorr
  0.67DDL Dingdong ADRPairCorr
  0.74SFM Sprouts Farmers MarketPairCorr
  0.7TGT TargetPairCorr
  0.8NGVC Natural Grocers byPairCorr
  0.78PFGC Performance FoodPairCorr
  0.78PSMT PriceSmartPairCorr
  0.79CART MaplebearPairCorr
  0.63CHEF Chefs WarehousePairCorr
  0.8COST Costco Wholesale CorpPairCorr
  0.85UNFI United Natural FoodsPairCorr
  0.89USFD US Foods HoldingPairCorr

Moving against Walmart Stock

  0.65DG Dollar GeneralPairCorr
  0.52WMK Weis MarketsPairCorr
  0.42WBA Walgreens Boots AlliancePairCorr
  0.4ACI Albertsons CompaniesPairCorr
  0.38BJ BJs Wholesale ClubPairCorr
  0.48HFFG Hf Foods GroupPairCorr
  0.6MO Altria GroupPairCorr
  0.53TR Tootsie Roll IndustriesPairCorr
  0.48CL Colgate PalmolivePairCorr
  0.46UL Unilever PLC ADRPairCorr

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   
DG
+ 0.85
BJ
TGT
+ 0.52
DLTR
DLTR
+ 0.43
COST
TGT
+ 0.35
COST
BIG
+ 0.0
COST
BIG
+ 0.0
DLTR
  
High negative correlations   
DG
- 0.89
TGT
TGT
- 0.84
BJ
BJ
- 0.32
DLTR
DG
- 0.31
COST
DG
- 0.22
DLTR
BJ
- 0.03
COST

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.

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