Build A Correlations

BBW Stock

USD 38.14 0.41 1.09%

The current 90-days correlation between Build A Bear and Big 5 Sporting is 0.16 (i.e., Average diversification). The correlation of Build A 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.

Build A Correlation With Market

Weak diversification

The correlation between Build A Bear Workshop and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Build A Bear Workshop and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Build A Bear Workshop. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Build Stock

0.67	HD	Home Depot Sell-off Trend	Pair Corr
0.67	CPNG	Coupang LLC	Pair Corr
0.65	SG	Sweetgreen	Pair Corr
0.77	ZK	ZEEKR Intelligent	Pair Corr
0.86	DOGZ	Dogness International Upward Rally	Pair Corr
0.79	BYD	Boyd Gaming	Pair Corr

Moving against Build Stock

0.83	NEGG	Newegg Commerce	Pair Corr
0.82	ARHS	Arhaus Inc	Pair Corr
0.73	GV	Visionary Education	Pair Corr
0.71	HVT	Haverty Furniture	Pair Corr
0.65	GPC	Genuine Parts	Pair Corr
0.6	ASO	Academy Sports Outdoors Earnings Call Today	Pair Corr
0.58	BGI	Birks Group	Pair Corr
0.42	YJ	Yunji Inc	Pair Corr
0.41	BBY	Best Buy	Pair Corr
0.8	DOOO	BRP Inc Earnings Call Today	Pair Corr
0.73	EDTK	Skillful Craftsman	Pair Corr
0.68	WING	Wingstop	Pair Corr
0.63	CCS	Century Communities	Pair Corr
0.48	VC	Visteon Corp	Pair Corr
0.46	DAN	Dana Inc	Pair Corr
0.35	FEDU	Four Seasons Education	Pair Corr

Related Correlations Analysis

	BGFV	LESL	SBH	CONN	HZO	WSM	AAP	FIVE	ORLY	SPWH
BGFV		-0.19	-0.18	0.49	0.44	0.06	0.04	0.33	-0.35	0.68	BGFV
LESL	-0.19		0.09	0.04	0.1	-0.01	0.05	-0.15	-0.02	-0.19	LESL
SBH	-0.18	0.09		-0.19	0.45	0.46	0.18	0.32	0.14	0.03	SBH
CONN	0.49	0.04	-0.19		0.43	-0.14	0.44	-0.12	-0.89	0.23	CONN
HZO	0.44	0.1	0.45	0.43		0.32	0.34	0.38	-0.31	0.43	HZO
WSM	0.06	-0.01	0.46	-0.14	0.32		0.06	0.31	0.13	0.0	WSM
AAP	0.04	0.05	0.18	0.44	0.34	0.06		-0.35	-0.21	-0.33	AAP
FIVE	0.33	-0.15	0.32	-0.12	0.38	0.31	-0.35		-0.07	0.76	FIVE
ORLY	-0.35	-0.02	0.14	-0.89	-0.31	0.13	-0.21	-0.07		-0.32	ORLY
SPWH	0.68	-0.19	0.03	0.23	0.43	0.0	-0.33	0.76	-0.32		SPWH
	BGFV	LESL	SBH	CONN	HZO	WSM	AAP	FIVE	ORLY	SPWH

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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

SPWH	+ 0.76	FIVE
SPWH	+ 0.68	BGFV
CONN	+ 0.49	BGFV
WSM	+ 0.46	SBH
HZO	+ 0.45	SBH
HZO	+ 0.44	BGFV

High negative correlations

ORLY	- 0.89	CONN
FIVE	- 0.35	AAP
ORLY	- 0.35	BGFV
SPWH	- 0.33	AAP
SPWH	- 0.32	ORLY
ORLY	- 0.31	HZO

Risk-Adjusted Indicators

There is a big difference between Build Stock performing well and Build A 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 Build A'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
BGFV	3.05	(0.28)	0.00	(0.12)	0.00	0.00	4.69	(8.47)	25.47
LESL	4.43	(0.29)	0.00	(0.09)	0.00	0.00	10.03	(9.12)	32.83
SBH	1.93	(0.01)	0.01	0.12	1.81	(2.36)	4.86	(2.78)	12.66
CONN	7.71	(4.90)	0.00	2.72	0.00	0.00	10.49	(28.10)	62.98
HZO	2.54	(0.33)	(0.03)	0.01	2.83	(3.05)	6.01	(4.71)	18.16
WSM	2.00	0.43	0.16	2.93	1.73	(2.42)	3.41	(3.07)	29.00
AAP	2.35	(0.28)	0.00	(0.10)	0.00	0.00	5.43	(4.63)	15.49
FIVE	2.56	0.18	0.00	(0.33)	2.92	(2.87)	5.40	(4.34)	16.58
ORLY	0.83	0.05	0.03	0.19	0.84	(0.86)	1.40	(1.55)	7.77
SPWH	3.66	(0.35)	0.00	(0.20)	0.00	0.00	9.09	(6.37)	17.82

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