Walmart Correlations

WMT Stock

USD 102.27 0.68 0.67%

The current 90-days correlation between Walmart and Mannatech Incorporated is -0.17 (i.e., Good 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

Significant diversification

The correlation between Walmart 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 Walmart and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Walmart Stock

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 industry.

For more information on how to buy Walmart Stock please use our How to Invest in Walmart guide.

Moving together with Walmart Stock

0.64	HCWC	Healthy Choice Wellness	Pair Corr
0.63	SASTASUNDR	Sastasundar Ventures Earnings Call This Week	Pair Corr

Moving against Walmart Stock

0.63	YI	111 Inc	Pair Corr
0.49	DDL	Dingdong Limited ADR Earnings Call Tomorrow	Pair Corr
0.47	DLTR	Dollar Tree	Pair Corr
0.46	SFM	Sprouts Farmers Market Sell-off Trend	Pair Corr
0.43	GO	Grocery Outlet Holding Earnings Call This Week	Pair Corr
0.41	AVO	Mission Produce	Pair Corr
0.35	DG	Dollar General	Pair Corr
0.55	OGO	Organto Foods	Pair Corr
0.54	HFFG	Hf Foods Group Earnings Call Tomorrow	Pair Corr
0.44	301126	Hunan Dajiaweikang	Pair Corr
0.37	WMK	Weis Markets	Pair Corr
0.36	GCL	Colabor Group	Pair Corr
0.32	HPC	Hydration Pharmaceuticals	Pair Corr
0.71	MTS	Metcash	Pair Corr
0.71	301017	ShuYu Civilian Pharmacy	Pair Corr
0.58	NWC	North West	Pair Corr
0.56	EMP-A	Empire Limited	Pair Corr

Related Correlations Analysis

	MTEX	AFRI	WVVI	MWYN	AACG	EDTK	EDBL	RAY	NAII	BEDU
MTEX		0.28	-0.32	-0.24	-0.25	0.14	-0.28	-0.27	-0.28	0.37	MTEX
AFRI	0.28		-0.73	0.13	-0.28	0.36	-0.74	-0.73	-0.67	0.73	AFRI
WVVI	-0.32	-0.73		-0.23	0.64	-0.18	0.4	0.59	0.81	-0.87	WVVI
MWYN	-0.24	0.13	-0.23		0.01	0.01	0.11	-0.38	-0.47	0.23	MWYN
AACG	-0.25	-0.28	0.64	0.01		0.16	-0.01	0.2	0.63	-0.7	AACG
EDTK	0.14	0.36	-0.18	0.01	0.16		-0.56	-0.44	-0.16	0.09	EDTK
EDBL	-0.28	-0.74	0.4	0.11	-0.01	-0.56		0.68	0.39	-0.39	EDBL
RAY	-0.27	-0.73	0.59	-0.38	0.2	-0.44	0.68		0.78	-0.63	RAY
NAII	-0.28	-0.67	0.81	-0.47	0.63	-0.16	0.39	0.78		-0.88	NAII
BEDU	0.37	0.73	-0.87	0.23	-0.7	0.09	-0.39	-0.63	-0.88		BEDU
	MTEX	AFRI	WVVI	MWYN	AACG	EDTK	EDBL	RAY	NAII	BEDU

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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

NAII	+ 0.81	WVVI
NAII	+ 0.78	RAY
BEDU	+ 0.73	AFRI
RAY	+ 0.68	EDBL
AACG	+ 0.64	WVVI
NAII	+ 0.63	AACG

High negative correlations

BEDU	- 0.88	NAII
BEDU	- 0.87	WVVI
EDBL	- 0.74	AFRI
RAY	- 0.73	AFRI
WVVI	- 0.73	AFRI
BEDU	- 0.7	AACG

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
MTEX	4.94	0.22	0.05	0.26	5.01	(6.62)	14.70	(8.75)	30.55
AFRI	1.67	0.19	0.12	0.19	1.74	(1.97)	4.34	(3.00)	21.02
WVVI	3.33	(0.41)	0.00	0.31	0.00	0.00	5.84	(9.20)	25.11
MWYN	4.23	(0.15)	(0.01)	0.02	4.51	(5.86)	12.82	(8.42)	46.27
AACG	4.95	(0.41)	0.00	(0.04)	0.00	0.00	12.68	(13.33)	33.99
EDTK	2.52	0.37	0.06	(0.58)	3.24	(2.85)	4.85	(4.76)	21.19
EDBL	2.91	(0.69)	0.00	(0.25)	0.00	0.00	5.71	(6.93)	28.04
RAY	7.54	(2.54)	0.00	1.17	0.00	0.00	23.19	(24.39)	85.03
NAII	2.52	(0.29)	0.00	0.37	0.00	0.00	4.96	(5.51)	14.31
BEDU	2.07	0.47	0.08	(0.98)	2.66	(3.18)	4.19	(4.02)	21.46

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