Barnes Noble Correlations

BNED Stock

USD 10.64 0.80 8.13%

The current 90-days correlation between Barnes Noble Education and Sportsmans is 0.51 (i.e., Very weak diversification). The correlation of Barnes Noble 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.

Barnes Noble Correlation With Market

Weak diversification

The correlation between Barnes Noble Education and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barnes Noble Education 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 Barnes Noble Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Barnes Stock

0.8	W	Wayfair Buyout Trend	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.75	RH	RH Earnings Call Tomorrow	Pair Corr
0.67	VSCO	Victorias Secret	Pair Corr
0.71	ETSY	Etsy Inc	Pair Corr
0.72	DDS	Dillards	Pair Corr
0.68	DKS	Dicks Sporting Goods	Pair Corr
0.67	XELB	Xcel Brands Trending	Pair Corr
0.66	FND	Floor Decor Holdings	Pair Corr
0.72	LOW	Lowes Companies	Pair Corr
0.67	WSM	Williams Sonoma	Pair Corr
0.81	GLBE	Global E Online	Pair Corr
0.78	JMIA	Jumia Technologies	Pair Corr
0.69	KIRK	Kirklands	Pair Corr
0.71	RENT	Rent the Runway	Pair Corr
0.69	ARHS	Arhaus Inc	Pair Corr
0.69	BOOT	Boot Barn Holdings	Pair Corr

Moving against Barnes Stock

0.57	BABA	Alibaba Group Holding	Pair Corr
0.55	VIPS	Vipshop Holdings	Pair Corr
0.49	AZO	AutoZone	Pair Corr
0.48	JWN	Nordstrom	Pair Corr
0.51	IH	Ihuman Inc	Pair Corr

Related Correlations Analysis

	SPWH	HZO	BBW	LESL	SBH	TCS	EYE	FRG	ODP	FLWS
SPWH		0.76	0.8	0.95	0.86	0.0	-0.79	0.0	0.91	0.69	SPWH
HZO	0.76		0.47	0.8	0.7	0.0	-0.42	0.0	0.78	0.85	HZO
BBW	0.8	0.47		0.67	0.63	0.0	-0.56	0.0	0.6	0.44	BBW
LESL	0.95	0.8	0.67		0.9	0.0	-0.78	0.0	0.95	0.72	LESL
SBH	0.86	0.7	0.63	0.9		0.0	-0.7	0.0	0.95	0.51	SBH
TCS	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TCS
EYE	-0.79	-0.42	-0.56	-0.78	-0.7	0.0		0.0	-0.75	-0.42	EYE
FRG	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FRG
ODP	0.91	0.78	0.6	0.95	0.95	0.0	-0.75	0.0		0.67	ODP
FLWS	0.69	0.85	0.44	0.72	0.51	0.0	-0.42	0.0	0.67		FLWS
	SPWH	HZO	BBW	LESL	SBH	TCS	EYE	FRG	ODP	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

LESL	+ 0.95	SPWH
ODP	+ 0.95	LESL
ODP	+ 0.95	SBH
ODP	+ 0.91	SPWH
SBH	+ 0.9	LESL
SBH	+ 0.86	SPWH

High negative correlations

EYE	- 0.79	SPWH
EYE	- 0.78	LESL
ODP	- 0.75	EYE
EYE	- 0.7	SBH
EYE	- 0.56	BBW
FLWS	- 0.42	EYE

Risk-Adjusted Indicators

There is a big difference between Barnes Stock performing well and Barnes Noble 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 Barnes Noble'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
SPWH	3.41	(1.22)	0.00	(0.78)	0.00	0.00	5.68	(6.69)	24.18
HZO	2.18	(0.36)	0.00	(0.24)	0.00	0.00	4.89	(4.95)	21.26
BBW	2.19	(0.08)	0.00	(0.10)	0.00	0.00	4.40	(5.00)	12.72
LESL	3.80	(1.36)	0.00	(0.57)	0.00	0.00	6.37	(7.27)	33.16
SBH	2.18	(0.44)	0.00	(0.51)	0.00	0.00	4.00	(5.17)	10.83
TCS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EYE	2.25	0.32	0.12	0.23	2.49	(2.47)	4.71	(4.45)	16.13
FRG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ODP	2.91	(0.81)	0.00	(1.61)	0.00	0.00	6.19	(6.61)	27.92
FLWS	2.81	(0.30)	0.00	(0.24)	0.00	0.00	5.36	(6.68)	15.19

Barnes Noble Corporate Management

David Golden	Independent Director	Profile
David Henderson	Executive Vice President - Strategic Services and Presidentident - MBS Textbook Exchange, LLC	Profile
Maureen Paradine	Chief Human Resource Officer, Senior Vice President	Profile
David Wilson	Independent Director	Profile
Daniel DeMatteo	Independent Director	Profile
Suzanne Andrews	VP Officer	Profile
Christopher Neumann	General Secretary	Profile

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