Cato Correlations

CATO Stock

USD 3.50 0.24 7.36%

The current 90-days correlation between Cato and Shoe Carnival is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cato moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cato Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cato Correlation With Market

Average diversification

The correlation between Cato Corp. and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cato Corp. 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 Cato Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Cato Stock

0.73	W	Wayfair Buyout Trend	Pair Corr
0.72	LE	Lands End Earnings Call This Week	Pair Corr
0.8	RH	RH Earnings Call This Week	Pair Corr
0.73	WEYS	Weyco Group	Pair Corr
0.61	ETSY	Etsy Inc	Pair Corr
0.77	FIVE	Five Below	Pair Corr
0.68	FLWS	1 800 FLOWERSCOM	Pair Corr
0.74	AAP	Advance Auto Parts	Pair Corr
0.65	FNKO	Funko Inc	Pair Corr
0.74	CAL	Continental	Pair Corr
0.84	DBI	Designer Brands	Pair Corr
0.72	GAP	Gap, Symbol Change	Pair Corr
0.76	GCO	Genesco	Pair Corr
0.66	GCT	GigaCloud Technology	Pair Corr
0.81	GES	Guess Inc	Pair Corr
0.66	LAD	Lithia Motors	Pair Corr
0.75	GLBE	Global E Online	Pair Corr
0.76	ZUMZ	Zumiez Inc Downward Rally	Pair Corr
0.81	JMIA	Jumia Technologies	Pair Corr

Moving against Cato Stock

0.83	AZO	AutoZone	Pair Corr
0.81	VIPS	Vipshop Holdings	Pair Corr
0.69	JD	JD Inc Adr	Pair Corr
0.76	GPC	Genuine Parts	Pair Corr
0.65	PDD	PDD Holdings Aggressive Push	Pair Corr
0.64	EYE	National Vision Holdings	Pair Corr
0.84	BABA	Alibaba Group Holding	Pair Corr
0.76	ORLY	OReilly Automotive	Pair Corr
0.68	MELI	MercadoLibre	Pair Corr
0.43	BZUN	Baozun Inc	Pair Corr

Related Correlations Analysis

	SCVL	HIBB	GCO	ZUMZ	TLYS	DXLG	DLTH	JILL	CTRN	LE
SCVL		0.0	0.67	0.93	0.03	0.32	0.73	0.28	0.18	0.89	SCVL
HIBB	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HIBB
GCO	0.67	0.0		0.65	0.49	0.65	0.79	0.68	0.66	0.75	GCO
ZUMZ	0.93	0.0	0.65		-0.03	0.24	0.65	0.21	0.15	0.82	ZUMZ
TLYS	0.03	0.0	0.49	-0.03		0.71	0.26	0.82	0.72	0.2	TLYS
DXLG	0.32	0.0	0.65	0.24	0.71		0.33	0.95	0.78	0.43	DXLG
DLTH	0.73	0.0	0.79	0.65	0.26	0.33		0.35	0.32	0.78	DLTH
JILL	0.28	0.0	0.68	0.21	0.82	0.95	0.35		0.85	0.42	JILL
CTRN	0.18	0.0	0.66	0.15	0.72	0.78	0.32	0.85		0.3	CTRN
LE	0.89	0.0	0.75	0.82	0.2	0.43	0.78	0.42	0.3		LE
	SCVL	HIBB	GCO	ZUMZ	TLYS	DXLG	DLTH	JILL	CTRN	LE

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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

JILL	+ 0.95	DXLG
ZUMZ	+ 0.93	SCVL
LE	+ 0.89	SCVL
CTRN	+ 0.85	JILL
LE	+ 0.82	ZUMZ
JILL	+ 0.82	TLYS

High negative correlations

TLYS	- 0.03	ZUMZ
LE	- 0.0	HIBB
CTRN	- 0.0	HIBB
JILL	- 0.0	HIBB
DLTH	- 0.0	HIBB
DXLG	- 0.0	HIBB

Risk-Adjusted Indicators

There is a big difference between Cato Stock performing well and Cato 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 Cato'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
SCVL	1.95	(0.64)	(1.44)	3.24	(4.74)	10.20
HIBB	0.00	0.00	0.00	0.00	0.00	0.00
GCO	2.66	(0.82)	(0.53)	5.07	(6.50)	22.52
ZUMZ	2.34	(0.36)	(0.39)	4.54	(5.01)	16.30
TLYS	2.81	(0.54)	(0.95)	5.68	(7.58)	27.29
DXLG	2.42	(0.54)	(0.58)	4.30	(5.24)	18.42
DLTH	2.33	(0.63)	(0.79)	6.55	(5.50)	23.15
JILL	1.92	(0.52)	(0.49)	3.64	(4.60)	12.22
CTRN	2.60	(0.20)	(0.24)	4.31	(5.83)	24.44
LE	2.17	(0.37)	(0.34)	3.53	(3.64)	24.25

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