Continental Correlations

CAL Stock

USD 15.93 0.44 2.69%

The current 90-days correlation between Continental and Wolverine World Wide is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Continental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caleres moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Continental Correlation With Market

Modest diversification

The correlation between Caleres 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 Caleres 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 Caleres. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Continental Stock

0.78	M	Macys Inc	Pair Corr
0.65	W	Wayfair	Pair Corr
0.88	FL	Foot Locker	Pair Corr
0.93	LE	Lands End Earnings Call This Week	Pair Corr
0.83	DLTH	Duluth Holdings	Pair Corr
0.89	VSCO	Victorias Secret Buyout Trend	Pair Corr
0.8	EDUC	Educational Development	Pair Corr
0.68	ETSY	Etsy Inc	Pair Corr
0.78	WINA	Winmark	Pair Corr
0.93	EVGO	Evgo Inc Buyout Trend	Pair Corr
0.94	WOOF	Pet Acquisition LLC	Pair Corr
0.9	FIVE	Five Below Earnings Call Today	Pair Corr
0.8	AEO	American Eagle Outfitters Buyout Trend	Pair Corr
0.82	AKA	AKA Brands Holding	Pair Corr
0.86	ANF	Abercrombie Fitch	Pair Corr
0.63	ASO	Academy Sports Outdoors Earnings Call Tomorrow	Pair Corr
0.92	AZI	Autozi Internet Tech	Pair Corr
0.63	BBW	Build A Bear	Pair Corr
0.74	BGI	Birks Group	Pair Corr
0.81	BKE	Buckle Inc	Pair Corr

Moving against Continental Stock

0.72	VIPS	Vipshop Holdings	Pair Corr
0.65	EBAY	eBay Inc	Pair Corr
0.64	JD	JD Inc Adr Aggressive Push	Pair Corr
0.49	JL	J Long Group	Pair Corr
0.31	AN	AutoNation	Pair Corr
0.68	AZO	AutoZone	Pair Corr
0.44	ABG	Asbury Automotive	Pair Corr

Related Correlations Analysis

	VRA	WWW	RCKY	SHOO	WEYS	DBI
VRA		0.71	0.45	0.74	0.31	0.74	VRA
WWW	0.71		0.72	0.88	0.59	0.89	WWW
RCKY	0.45	0.72		0.77	0.74	0.72	RCKY
SHOO	0.74	0.88	0.77		0.78	0.94	SHOO
WEYS	0.31	0.59	0.74	0.78		0.67	WEYS
DBI	0.74	0.89	0.72	0.94	0.67		DBI
	VRA	WWW	RCKY	SHOO	WEYS	DBI

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Risk-Adjusted Indicators

There is a big difference between Continental Stock performing well and Continental 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 Continental'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
VRA	3.60	(0.97)	(0.69)	5.26	(11.90)	23.24
WWW	1.93	(0.70)	(1.25)	2.73	(4.81)	23.32
RCKY	1.97	(0.07)	(0.16)	3.34	(4.80)	16.71
SHOO	1.43	(0.73)	(0.94)	1.46	(4.79)	13.44
WEYS	1.57	(0.09)	(0.23)	3.32	(2.99)	9.79
DBI	3.14	(0.60)	(0.84)	6.22	(6.58)	24.52

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