BJs Wholesale Correlations
| 8BJ Stock | EUR 101.00 2.00 2.02% |
The current 90-days correlation between BJs Wholesale Club and Check Point Software is -0.13 (i.e., Good diversification). The correlation of BJs Wholesale 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.
BJs Wholesale Correlation With Market
Average diversification
The correlation between BJs Wholesale Club and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BJs Wholesale Club and DJI in the same portfolio, assuming nothing else is changed.
BJs |
The ability to find closely correlated positions to BJs Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BJs Wholesale 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 BJs Wholesale - 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 BJs Wholesale Club to buy it.
Moving together with BJs Stock
| 0.62 | 5F3 | JINS HOLDINGS INC | PairCorr |
| 0.67 | 893 | MITSUBISHI KAKOKI | PairCorr |
| 0.83 | 92I | ROMERIKE SPAREBANK | PairCorr |
| 0.74 | HCMA | HITACHI CONSTRMACHADR/2 | PairCorr |
| 0.63 | YHA | Yamaha | PairCorr |
| 0.73 | B4B3 | Metro AG | PairCorr |
| 0.66 | 5TP | BLUE LABEL | PairCorr |
| 0.64 | MRG | Outcrop Silver Gold | PairCorr |
| 0.7 | BY6A | BYD Limited Earnings Call Tomorrow | PairCorr |
| 0.72 | SOBA | ATT Inc | PairCorr |
| 0.67 | 92K | K92 Mining Earnings Call Next Week | PairCorr |
| 0.7 | KEI | KEISEI EL RAILWAY Split | PairCorr |
| 0.61 | NMM | Newmont | PairCorr |
| 0.67 | BSN | Danone SA | PairCorr |
| 0.73 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.79 | KGHA | KGHM Polska Miedz Earnings Call This Week | PairCorr |
| 0.82 | TLLB | Trelleborg AB | PairCorr |
Moving against BJs Stock
| 0.73 | BUI | Burlington Stores | PairCorr |
| 0.59 | BFP | BBVA Banco Frances | PairCorr |
| 0.57 | DYH | Target | PairCorr |
| 0.5 | MIZ | Mizuno | PairCorr |
| 0.4 | 4GNB | Wal Mart de | PairCorr |
| 0.81 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.34 | TTO | TTL Beteiligungs und | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between BJs Stock performing well and BJs Wholesale 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 BJs Wholesale'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1D8 | 1.68 | (0.01) | 0.02 | 0.03 | 2.23 | 4.00 | 19.22 | |||
| CPW | 1.14 | 0.27 | 0.24 | 1.08 | 1.12 | 3.26 | 10.46 | |||
| 22F | 1.53 | (0.07) | 0.00 | (0.24) | 0.00 | 2.94 | 11.61 | |||
| VHY | 1.63 | (0.03) | 0.00 | (0.37) | 0.00 | 4.02 | 13.67 | |||
| CVB | 1.97 | 0.15 | 0.03 | 3.32 | 2.47 | 6.25 | 22.29 | |||
| AP3 | 0.99 | (0.12) | 0.00 | (0.50) | 0.00 | 2.00 | 9.36 | |||
| BED | 0.99 | (0.38) | 0.00 | 4.25 | 0.00 | 1.31 | 7.22 | |||
| E8H | 0.76 | 0.10 | 0.00 | 0.15 | 0.00 | 0.00 | 45.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BJs Wholesale 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.Did you try this?
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BJs Wholesale Corporate Management
Elected by the shareholders, the BJs Wholesale's board of directors comprises two types of representatives: BJs Wholesale inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BJs. The board's role is to monitor BJs Wholesale's management team and ensure that shareholders' interests are well served. BJs Wholesale's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BJs Wholesale's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Graham Luce | Senior Vice President General Counsel, Secretary | Profile | |
| Caroline Glynn | Senior Vice President - Internal Audit and Asset Protection | Profile | |
| Brian Poulliot | Executive Vice President Chief Membership Officer | Profile | |
| Jeff Desroches | Executive Vice President Club Operations Officer | Profile | |
| Robert Eddy | Chief Financial and Administrative Officer, Executive Vice President | Profile | |
| William Werner | Senior Vice President - Strategic Planning and Investor Relations | Profile |