COSTCO WHOLESALE Correlations

CTO0 Stock

31.80 0.20 0.63%

The current 90-days correlation between COSTCO WHOLESALE CDR and Pets at Home is -0.13 (i.e., Good diversification). The correlation of COSTCO WHOLESALE 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.

COSTCO WHOLESALE Correlation With Market

Significant diversification

The correlation between COSTCO WHOLESALE CDR and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COSTCO WHOLESALE CDR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to COSTCO WHOLESALE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COSTCO WHOLESALE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back COSTCO WHOLESALE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling COSTCO WHOLESALE CDR to buy it.

Moving together with COSTCO Stock

0.69	WMT	Walmart	Pair Corr
0.69	WMT	Walmart	Pair Corr
0.93	CTO	Costco Wholesale	Pair Corr
0.63	CSA	Accenture plc	Pair Corr
0.75	IBM	International Business	Pair Corr
0.85	KGHA	KGHM Polska Miedz	Pair Corr
0.78	1YL	PROSUS NV ADR	Pair Corr
0.77	SQE	Strategic Education Earnings Call Today	Pair Corr

Moving against COSTCO Stock

0.69	BUI	Burlington Stores Earnings Call This Week	Pair Corr
0.52	DYH	Target Earnings Call This Week	Pair Corr

Related Correlations Analysis

	6P8	K9R	47X	ZFI1	A4XA	2OX	C5H	QBE
6P8		0.17	0.39	0.31	0.26	0.67	-0.3	0.35	6P8
K9R	0.17		0.51	0.46	-0.37	0.24	0.08	0.72	K9R
47X	0.39	0.51		0.36	-0.16	0.51	-0.5	0.74	47X
ZFI1	0.31	0.46	0.36		0.08	0.54	0.26	0.51	ZFI1
A4XA	0.26	-0.37	-0.16	0.08		0.39	0.08	-0.38	A4XA
2OX	0.67	0.24	0.51	0.54	0.39		-0.29	0.45	2OX
C5H	-0.3	0.08	-0.5	0.26	0.08	-0.29		-0.29	C5H
QBE	0.35	0.72	0.74	0.51	-0.38	0.45	-0.29		QBE
	6P8	K9R	47X	ZFI1	A4XA	2OX	C5H	QBE

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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

QBE	+ 0.74	47X
QBE	+ 0.72	K9R
2OX	+ 0.67	6P8
2OX	+ 0.54	ZFI1
47X	+ 0.51	K9R
2OX	+ 0.51	47X

High negative correlations

C5H	- 0.5	47X
QBE	- 0.38	A4XA
A4XA	- 0.37	K9R
C5H	- 0.3	6P8
QBE	- 0.29	C5H
C5H	- 0.29	2OX

Risk-Adjusted Indicators

There is a big difference between COSTCO Stock performing well and COSTCO WHOLESALE 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 COSTCO WHOLESALE'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
6P8	1.56	(0.24)	0.00	(0.39)	0.00	0.00	3.39	(3.25)	16.05
K9R	0.95	0.09	0.06	1.52	0.96	(1.46)	1.73	(2.14)	9.94
47X	1.38	0.06	0.02	(0.20)	1.50	(2.34)	3.08	(2.99)	10.92
ZFI1	1.66	0.09	0.03	0.25	1.92	(2.13)	3.57	(3.90)	8.68
A4XA	1.34	(0.06)	0.00	(0.35)	0.00	0.00	3.39	(2.34)	7.37
2OX	1.77	(0.01)	(0.01)	(0.01)	2.14	(2.09)	4.57	(3.83)	12.26
C5H	1.72	0.05	0.02	0.06	2.20	(1.95)	4.19	(3.81)	11.70
QBE	1.02	0.11	0.06	0.36	1.17	(1.32)	1.75	(2.40)	5.88

Be your own money manager

Our tools can tell you how much better you can do entering a position in COSTCO WHOLESALE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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