Burlington Stores Correlations

BURL Stock

USD 233.96 2.61 1.10%

The current 90-days correlation between Burlington Stores and Urban Outfitters is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Burlington Stores moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Burlington Stores moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Burlington Stores Correlation With Market

Modest diversification

The correlation between Burlington Stores and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Burlington Stores 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 Burlington Stores. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Burlington Stock please use our How to buy in Burlington Stock guide.

Moving together with Burlington Stock

0.67	M	Macys Inc	Pair Corr
0.73	W	Wayfair	Pair Corr
0.84	RH	RH Earnings Call This Week	Pair Corr
0.89	VSCO	Victorias Secret	Pair Corr
0.65	WEYS	Weyco Group	Pair Corr
0.66	ETSY	Etsy Inc	Pair Corr
0.93	WOOF	Pet Acquisition LLC	Pair Corr
0.83	ASO	Academy Sports Outdoors	Pair Corr
0.83	XELB	Xcel Brands	Pair Corr
0.73	FND	Floor Decor Holdings	Pair Corr
0.83	KSS	Kohls Corp	Pair Corr
0.69	LOW	Lowes Companies	Pair Corr
0.71	GLBE	Global E Online	Pair Corr
0.81	JMIA	Jumia Technologies	Pair Corr
0.8	KIRK	Kirklands	Pair Corr
0.89	RENT	Rent the Runway	Pair Corr
0.91	BOOT	Boot Barn Holdings	Pair Corr
0.94	ULTA	Ulta Beauty	Pair Corr

Moving against Burlington Stock

0.84	PDD	PDD Holdings	Pair Corr
0.84	MELI	MercadoLibre	Pair Corr
0.82	AZO	AutoZone	Pair Corr
0.81	VIPS	Vipshop Holdings	Pair Corr
0.79	ORLY	OReilly Automotive	Pair Corr
0.7	JD	JD Inc Adr	Pair Corr
0.51	JWN	Nordstrom	Pair Corr
0.45	GRPN	Groupon	Pair Corr
0.95	BABA	Alibaba Group Holding	Pair Corr
0.74	DAO	Youdao Inc	Pair Corr
0.73	IH	Ihuman Inc	Pair Corr
0.69	GHC	Graham Holdings	Pair Corr
0.63	DPZ	Dominos Pizza Common	Pair Corr
0.49	DRI	Darden Restaurants	Pair Corr
0.46	CPNG	Coupang LLC	Pair Corr

Related Correlations Analysis

	TJX	GES	URBN	PLCE	HIBB	EXPR	AEO	SCVL	BKE
TJX		0.27	0.63	0.45	0.0	0.0	0.53	0.23	0.48	TJX
GES	0.27		0.19	0.85	0.0	0.0	0.86	0.87	0.88	GES
URBN	0.63	0.19		0.41	0.0	0.0	0.55	0.29	0.48	URBN
PLCE	0.45	0.85	0.41		0.0	0.0	0.91	0.82	0.91	PLCE
HIBB	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HIBB
EXPR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	EXPR
AEO	0.53	0.86	0.55	0.91	0.0	0.0		0.85	0.98	AEO
SCVL	0.23	0.87	0.29	0.82	0.0	0.0	0.85		0.88	SCVL
BKE	0.48	0.88	0.48	0.91	0.0	0.0	0.98	0.88		BKE
	TJX	GES	URBN	PLCE	HIBB	EXPR	AEO	SCVL	BKE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BKE	+ 0.98	AEO
AEO	+ 0.91	PLCE
BKE	+ 0.91	PLCE
BKE	+ 0.88	GES
BKE	+ 0.88	SCVL
SCVL	+ 0.87	GES

High negative correlations

BKE	- 0.0	EXPR
SCVL	- 0.0	EXPR
AEO	- 0.0	EXPR
BKE	- 0.0	HIBB
SCVL	- 0.0	HIBB
AEO	- 0.0	HIBB

Risk-Adjusted Indicators

There is a big difference between Burlington Stock performing well and Burlington Stores 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 Burlington Stores' 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
TJX	0.83	(0.06)	(0.16)	1.77	(1.52)	4.10
GES	2.74	(0.18)	(0.18)	3.97	(6.82)	33.51
URBN	2.04	(0.03)	(0.12)	3.57	(3.81)	15.80
PLCE	3.04	(0.09)	(0.12)	5.96	(6.44)	33.45
HIBB	0.00	0.00	0.00	0.00	0.00	0.00
EXPR	0.00	0.00	0.00	0.00	0.00	0.00
AEO	2.08	(0.40)	(0.37)	2.89	(4.69)	13.66
SCVL	1.95	(0.64)	(1.44)	3.24	(4.74)	10.20
BKE	1.37	(0.28)	(0.36)	2.25	(3.03)	5.86

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC