Buckle Correlations

BKE Stock

USD 38.34 0.14 0.36%

The current 90-days correlation between Buckle Inc and Childrens Place is -0.02 (i.e., Good 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

Good diversification

The correlation between Buckle Inc and DJI is -0.02 (i.e., Good 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

0.66	FL	Foot Locker Sell-off Trend	Pair Corr
0.82	DXLG	Destination XL Group	Pair Corr
0.63	VSCO	Victorias Secret	Pair Corr
0.74	AEO	American Eagle Outfitters	Pair Corr
0.71	ANF	Abercrombie Fitch	Pair Corr
0.7	CRI	Carters	Pair Corr
0.61	GAP	Gap, Symbol Change	Pair Corr
0.69	GCO	Genesco	Pair Corr
0.77	RENT	Rent the Runway Upward Rally	Pair Corr
0.73	ROST	Ross Stores	Pair Corr
0.77	JILL	JJill Inc	Pair Corr
0.61	BIRD	Allbirds	Pair Corr
0.84	BOOT	Boot Barn Holdings	Pair Corr
0.74	BURL	Burlington Stores	Pair Corr
0.61	TLYS	Tillys Inc	Pair Corr
0.82	CATO	Cato	Pair Corr
0.65	CTRN	Citi Trends	Pair Corr
0.67	LULU	Lululemon Athletica	Pair Corr
0.7	LVLU	Lulus Fashion Lounge	Pair Corr
0.69	H	Hyatt Hotels	Pair Corr

Moving against Buckle Stock

0.52

MCRI

Monarch Casino Resort

Pair Corr

Related Correlations Analysis

	ROST	PLCE	HIBB	GES	GCO	CTRN	ZUMZ	BURL	URBN
ROST		0.82	0.0	0.79	0.9	0.67	0.8	0.92	0.5	ROST
PLCE	0.82		0.0	0.85	0.78	0.53	0.84	0.79	0.18	PLCE
HIBB	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HIBB
GES	0.79	0.85	0.0		0.7	0.51	0.91	0.82	0.09	GES
GCO	0.9	0.78	0.0	0.7		0.83	0.66	0.76	0.57	GCO
CTRN	0.67	0.53	0.0	0.51	0.83		0.41	0.52	0.59	CTRN
ZUMZ	0.8	0.84	0.0	0.91	0.66	0.41		0.79	0.11	ZUMZ
BURL	0.92	0.79	0.0	0.82	0.76	0.52	0.79		0.32	BURL
URBN	0.5	0.18	0.0	0.09	0.57	0.59	0.11	0.32		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

BURL	+ 0.92	ROST
ZUMZ	+ 0.91	GES
GCO	+ 0.9	ROST
GES	+ 0.85	PLCE
ZUMZ	+ 0.84	PLCE
CTRN	+ 0.83	GCO

High negative correlations

URBN	- 0.0	HIBB
BURL	- 0.0	HIBB
ZUMZ	- 0.0	HIBB
CTRN	- 0.0	HIBB
GCO	- 0.0	HIBB
GES	- 0.0	HIBB

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ROST	1.06	(0.25)	(0.42)	1.84	(2.50)	5.08
PLCE	3.24	(0.61)	(0.40)	5.50	(10.19)	33.45
HIBB	0.00	0.00	0.00	0.00	0.00	0.00
GES	2.78	(0.16)	(0.18)	3.97	(6.82)	33.51
GCO	2.64	(0.79)	(0.52)	5.07	(6.50)	22.52
CTRN	2.55	(0.11)	(0.17)	3.63	(5.96)	24.44
ZUMZ	2.37	(0.44)	(0.45)	4.54	(5.74)	16.30
BURL	1.79	(0.21)	(0.38)	3.32	(3.62)	15.50
URBN	2.06	0.00	(0.07)	3.57	(3.81)	15.80

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