Big 5 Correlations

BGFV Stock

USD 0.99 0.02 2.06%

The current 90-days correlation between Big 5 Sporting and Leslies is 0.25 (i.e., Modest diversification). The correlation of Big 5 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.

Big 5 Correlation With Market

Good diversification

The correlation between Big 5 Sporting and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Big 5 Sporting 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 Big 5 Sporting. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Big Stock

0.61	HD	Home Depot	Pair Corr
0.91	CRI	Carters	Pair Corr
0.72	DHI	DR Horton	Pair Corr
0.87	KTB	Kontoor Brands	Pair Corr
0.79	NVR	NVR Inc	Pair Corr
0.89	WWW	Wolverine World Wide	Pair Corr
0.93	PLAY	Dave Busters Enterta	Pair Corr
0.68	ARMK	Aramark Holdings	Pair Corr
0.7	UHAL-B	U Haul Holding	Pair Corr

Moving against Big Stock

0.66	PKX	POSCO Holdings	Pair Corr
0.62	MAT	Mattel Inc	Pair Corr
0.62	CTDD	Qwest Corp 6	Pair Corr
0.59	HAS	Hasbro Inc	Pair Corr
0.59	CTBB	Qwest Corp NT	Pair Corr
0.87	TCTZF	Tencent Holdings	Pair Corr
0.84	GORO	Gold Resource	Pair Corr
0.81	NVRO	Nevro Corp	Pair Corr
0.79	AXSM	Axsome Therapeutics	Pair Corr
0.77	INVX	Innovex International, Symbol Change	Pair Corr
0.77	BAOB	Baraboo Bancorporation	Pair Corr
0.76	DNCVF	Defiance Silver Corp	Pair Corr
0.75	FWEDF	Fireweed Zinc	Pair Corr
0.72	CDR-PB	Cedar Realty Trust	Pair Corr
0.66	KGC	Kinross Gold Aggressive Push	Pair Corr
0.63	KEY-PI	KeyCorp	Pair Corr
0.57	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.57	CDUAF	Canadian Utilities	Pair Corr
0.47	CBYDF	Corby Spirit	Pair Corr
0.44	MFON	Mobivity Holdings	Pair Corr

Related Correlations Analysis

	LESL	SBH	CONN	HZO	SPWH	EYE	BBWI	WSM	DKS	FLWS
LESL		0.89	0.0	0.8	0.95	-0.74	0.62	0.47	0.66	0.69	LESL
SBH	0.89		0.0	0.69	0.86	-0.64	0.47	0.29	0.42	0.47	SBH
CONN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CONN
HZO	0.8	0.69	0.0		0.75	-0.34	0.65	0.72	0.81	0.83	HZO
SPWH	0.95	0.86	0.0	0.75		-0.75	0.68	0.37	0.6	0.66	SPWH
EYE	-0.74	-0.64	0.0	-0.34	-0.75		-0.31	-0.06	-0.32	-0.33	EYE
BBWI	0.62	0.47	0.0	0.65	0.68	-0.31		0.57	0.68	0.65	BBWI
WSM	0.47	0.29	0.0	0.72	0.37	-0.06	0.57		0.9	0.87	WSM
DKS	0.66	0.42	0.0	0.81	0.6	-0.32	0.68	0.9		0.9	DKS
FLWS	0.69	0.47	0.0	0.83	0.66	-0.33	0.65	0.87	0.9		FLWS
	LESL	SBH	CONN	HZO	SPWH	EYE	BBWI	WSM	DKS	FLWS

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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	+ 0.95	LESL
DKS	+ 0.9	WSM
FLWS	+ 0.9	DKS
SBH	+ 0.89	LESL
FLWS	+ 0.87	WSM
SPWH	+ 0.86	SBH

High negative correlations

EYE	- 0.75	SPWH
EYE	- 0.74	LESL
EYE	- 0.64	SBH
EYE	- 0.34	HZO
FLWS	- 0.33	EYE
DKS	- 0.32	EYE

Risk-Adjusted Indicators

There is a big difference between Big Stock performing well and Big 5 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 Big 5'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
LESL	3.70	(1.37)	0.00	(0.63)	0.00	0.00	5.48	(7.27)	33.16
SBH	2.10	(0.51)	0.00	(0.67)	0.00	0.00	4.00	(5.17)	10.83
CONN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HZO	2.20	(0.24)	0.00	(0.22)	0.00	0.00	4.89	(4.95)	21.26
SPWH	3.26	(1.33)	0.00	(0.98)	0.00	0.00	5.61	(6.69)	24.18
EYE	2.21	0.26	0.09	0.16	2.49	(2.40)	4.71	(4.45)	16.13
BBWI	1.88	(0.33)	0.00	2.30	0.00	0.00	3.32	(4.24)	22.38
WSM	1.94	(0.12)	0.00	(0.17)	0.00	0.00	3.45	(5.56)	10.71
DKS	1.79	(0.08)	0.00	(0.13)	0.00	0.00	3.18	(4.42)	10.08
FLWS	2.72	(0.36)	0.00	(0.34)	0.00	0.00	5.36	(6.68)	15.19

Big 5 Corporate Executives

Elected by the shareholders, the Big 5's board of directors comprises two types of representatives: Big 5 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Big. The board's role is to monitor Big 5's management team and ensure that shareholders' interests are well served. Big 5'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, Big 5's outside directors are responsible for providing unbiased perspectives on the board's policies.

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