Buckle Correlations

BKE Stock

USD 43.28 0.70 1.64%

The current 90-days correlation between Buckle Inc and Childrens Place is 0.03 (i.e., Significant diversification). The correlation of Buckle 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.

Buckle Correlation With Market

Modest diversification

The correlation between Buckle Inc and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buckle Inc 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 Buckle Inc. 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.

Moving together with Buckle Stock

0.75	VSCO	Victorias Secret	Pair Corr
0.7	MRK	Merck Company	Pair Corr
0.66	MSFT	Microsoft	Pair Corr

Moving against Buckle Stock

0.4	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.36	LLY	Eli Lilly	Pair Corr
0.35	MMSI	Merit Medical Systems	Pair Corr
0.33	MCD	McDonalds	Pair Corr
0.31	COST	Costco Wholesale Corp	Pair Corr
0.52	GE	GE Aerospace Sell-off Trend	Pair Corr
0.52	JNJ	Johnson Johnson	Pair Corr
0.37	INTC	Intel Aggressive Push	Pair Corr
0.36	T	ATT Inc Aggressive Push	Pair Corr
0.31	MMM	3M Company	Pair Corr

Related Correlations Analysis

	ROST	PLCE	HIBB	GES	GCO	CTRN	ZUMZ	BURL	URBN
ROST		-0.06	0.0	0.1	0.53	0.35	0.18	0.84	0.39	ROST
PLCE	-0.06		0.0	0.86	-0.77	-0.87	0.84	-0.01	-0.86	PLCE
HIBB	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HIBB
GES	0.1	0.86	0.0		-0.67	-0.77	0.96	0.15	-0.8	GES
GCO	0.53	-0.77	0.0	-0.67		0.91	-0.59	0.43	0.92	GCO
CTRN	0.35	-0.87	0.0	-0.77	0.91		-0.7	0.21	0.93	CTRN
ZUMZ	0.18	0.84	0.0	0.96	-0.59	-0.7		0.17	-0.73	ZUMZ
BURL	0.84	-0.01	0.0	0.15	0.43	0.21	0.17		0.25	BURL
URBN	0.39	-0.86	0.0	-0.8	0.92	0.93	-0.73	0.25		URBN
	ROST	PLCE	HIBB	GES	GCO	CTRN	ZUMZ	BURL	URBN

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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

ZUMZ	+ 0.96	GES
URBN	+ 0.93	CTRN
URBN	+ 0.92	GCO
CTRN	+ 0.91	GCO
GES	+ 0.86	PLCE
BURL	+ 0.84	ROST

High negative correlations

CTRN	- 0.87	PLCE
URBN	- 0.86	PLCE
URBN	- 0.8	GES
CTRN	- 0.77	GES
GCO	- 0.77	PLCE
URBN	- 0.73	ZUMZ

Risk-Adjusted Indicators

There is a big difference between Buckle Stock performing well and Buckle 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 Buckle'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
ROST	1.00	(0.05)	0.00	(0.13)	0.00	0.00	2.19	(2.19)	7.28
PLCE	3.79	(0.48)	0.00	(2.87)	0.00	0.00	6.91	(12.03)	34.43
HIBB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GES	2.07	(0.45)	0.00	(0.50)	0.00	0.00	3.13	(4.36)	12.49
GCO	2.64	0.57	0.20	0.74	2.44	(3.02)	5.78	(4.24)	16.98
CTRN	2.57	0.66	0.20	0.63	2.72	(2.83)	8.94	(5.07)	21.30
ZUMZ	2.51	(0.46)	0.00	(1.19)	0.00	0.00	4.29	(5.74)	21.07
BURL	1.34	(0.10)	0.00	(0.28)	0.00	0.00	2.08	(3.05)	8.50
URBN	2.23	0.64	0.30	1.18	1.75	(2.71)	4.35	(3.14)	24.24

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