Caseys General Correlations

CASY Stock

USD 422.74 8.18 1.97%

The current 90-days correlation between Caseys General Stores and ODP Corp is 0.22 (i.e., Modest diversification). The correlation of Caseys General 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Caseys General Correlation With Market

Very weak diversification

The correlation between Caseys General Stores and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caseys General 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 Caseys General 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 state.

Moving together with Caseys Stock

0.72	BJ	BJs Wholesale Club Earnings Call This Week	Pair Corr
0.78	SFM	Sprouts Farmers Market	Pair Corr
0.65	WMK	Weis Markets	Pair Corr
0.66	WMT	Walmart	Pair Corr
0.73	NGVC	Natural Grocers by	Pair Corr
0.64	SPTN	SpartanNash	Pair Corr
0.8	COST	Costco Wholesale Corp	Pair Corr
0.66	USFD	US Foods Holding	Pair Corr
0.68	DADA	Dada Nexus	Pair Corr
0.65	OI	O I Glass	Pair Corr

Moving against Caseys Stock

0.64	DTCK	Davis Commodities	Pair Corr
0.6	WNW	Meiwu Technology	Pair Corr
0.39	AVO	Mission Produce	Pair Corr
0.37	HITI	High Tide	Pair Corr
0.33	MSS	Maison Solutions	Pair Corr
0.33	TGT	Target Earnings Call This Week	Pair Corr
0.31	HCWC	Healthy Choice Wellness	Pair Corr
0.55	HYZNW	HYZON Motors	Pair Corr
0.54	FIGS	Figs Inc	Pair Corr
0.44	CJJD	China Jo Jo	Pair Corr

Related Correlations Analysis

	LESL	SBH	ODP	FLWS	EYE	HZO	AZO	AAP	TSCO
LESL		0.78	0.82	-0.32	-0.12	0.44	-0.7	-0.42	-0.09	LESL
SBH	0.78		0.88	-0.2	0.07	0.66	-0.67	-0.54	0.15	SBH
ODP	0.82	0.88		-0.29	-0.05	0.53	-0.6	-0.41	0.06	ODP
FLWS	-0.32	-0.2	-0.29		0.45	0.29	0.41	0.47	0.57	FLWS
EYE	-0.12	0.07	-0.05	0.45		0.47	0.3	-0.04	0.56	EYE
HZO	0.44	0.66	0.53	0.29	0.47		-0.1	-0.07	0.39	HZO
AZO	-0.7	-0.67	-0.6	0.41	0.3	-0.1		0.7	0.19	AZO
AAP	-0.42	-0.54	-0.41	0.47	-0.04	-0.07	0.7		0.01	AAP
TSCO	-0.09	0.15	0.06	0.57	0.56	0.39	0.19	0.01		TSCO
	LESL	SBH	ODP	FLWS	EYE	HZO	AZO	AAP	TSCO

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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

ODP	+ 0.88	SBH
ODP	+ 0.82	LESL
SBH	+ 0.78	LESL
AAP	+ 0.7	AZO
HZO	+ 0.66	SBH
TSCO	+ 0.57	FLWS

High negative correlations

AZO	- 0.7	LESL
AZO	- 0.67	SBH
AZO	- 0.6	ODP
AAP	- 0.54	SBH
AAP	- 0.42	LESL
AAP	- 0.41	ODP

Risk-Adjusted Indicators

There is a big difference between Caseys Stock performing well and Caseys General 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 Caseys General'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
LESL	4.21	(1.11)	0.00	(0.53)	0.00	0.00	8.70	(7.26)	41.35
SBH	1.92	(0.54)	0.00	(13.35)	0.00	0.00	4.00	(5.17)	16.38
ODP	2.21	(0.43)	0.00	(0.49)	0.00	0.00	5.25	(5.10)	14.90
FLWS	2.58	(0.01)	0.00	(0.01)	3.28	(2.75)	5.39	(5.07)	15.19
EYE	1.91	0.01	0.00	0.02	2.33	(2.06)	4.52	(4.45)	11.43
HZO	2.42	(0.12)	0.00	(0.06)	0.00	0.00	5.54	(4.23)	21.26
AZO	0.89	0.11	0.10	0.32	1.02	(0.91)	1.50	(1.85)	6.17
AAP	2.18	0.24	0.08	1.35	2.68	(2.30)	5.43	(3.96)	13.40
TSCO	1.23	0.05	0.03	0.11	1.73	(1.26)	2.80	(3.14)	11.02

Caseys General Corporate Management

Chad Frazell	Chief Officer	Profile
Leanne Krell	Deputy VP	Profile
Katrina Lindsey	Chief Officer	Profile
Thomas Brennan	Senior Officer	Profile
Megan Elfers	Vice Marketing	Profile
Sanjeev Satturu	Senior Officer	Profile

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