BJs Wholesale Correlations
| BJ Stock | USD 110.19 1.56 1.44% |
The current 90-days correlation between BJs Wholesale Club and Dollar Tree is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BJs Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BJs Wholesale Club moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
BJs Wholesale Correlation With Market
Average diversification
The correlation between BJs Wholesale Club and DJI is 0.1 (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 |
Moving together with BJs Stock
| 0.83 | KR | Kroger Company | PairCorr |
| 0.84 | ACI | Albertsons Companies | PairCorr |
| 0.81 | K | Kellanova | PairCorr |
| 0.78 | KO | Coca Cola | PairCorr |
| 0.77 | MO | Altria Group | PairCorr |
| 0.83 | PM | Philip Morris Intern | PairCorr |
| 0.8 | YQ | 17 Education Technology | PairCorr |
| 0.84 | VSTA | Vasta Platform | PairCorr |
Moving against BJs Stock
| 0.72 | TGT | Target Sell-off Trend | PairCorr |
| 0.72 | DNUT | Krispy Kreme | PairCorr |
| 0.59 | LW | Lamb Weston Holdings | PairCorr |
| 0.58 | BG | Bunge Limited | PairCorr |
| 0.52 | DLTR | Dollar Tree | PairCorr |
| 0.5 | EL | Estee Lauder Companies | PairCorr |
| 0.42 | GO | Grocery Outlet Holding | PairCorr |
| 0.81 | DTCK | Davis Commodities | PairCorr |
| 0.8 | FAMI | Farmmi Inc | PairCorr |
| 0.78 | EDBL | Edible Garden AG | PairCorr |
| 0.78 | AVO | Mission Produce | PairCorr |
| 0.77 | BON | Bon Natural Life | PairCorr |
| 0.73 | EEIQ | Elite Education Group | PairCorr |
| 0.66 | VITL | Vital Farms | PairCorr |
| 0.61 | FIZZ | National Beverage Corp | PairCorr |
| 0.54 | ADM | Archer Daniels Midland | PairCorr |
| 0.5 | FEDU | Four Seasons Education | PairCorr |
| 0.32 | CAG | ConAgra Foods | PairCorr |
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
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BIG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DLTR | 1.90 | (0.02) | 0.00 | (0.10) | 0.00 | 4.43 | 11.36 | |||
| DKS | 1.79 | (0.09) | 0.00 | (0.13) | 0.00 | 3.18 | 10.08 | |||
| WSM | 1.92 | (0.17) | 0.00 | (0.21) | 0.00 | 3.45 | 10.71 | |||
| DDS | 1.85 | (0.21) | 0.00 | (0.35) | 0.00 | 3.52 | 13.05 |