Citi Trends Correlations

CTRN Stock

USD 21.26 0.90 4.06%

The current 90-days correlation between Citi Trends and JJill Inc is 0.39 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Citi Trends moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citi Trends moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Citi Trends Correlation With Market

Average diversification

The correlation between Citi Trends and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citi Trends 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 Citi Trends. 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.

To learn how to invest in Citi Stock, please use our How to Invest in Citi Trends guide.

Moving together with Citi Stock

0.77	FL	Foot Locker Sell-off Trend	Pair Corr
0.68	DLTH	Duluth Holdings	Pair Corr
0.75	DXLG	Destination XL Group	Pair Corr
0.75	VSCO	Victorias Secret	Pair Corr
0.73	AEO	American Eagle Outfitters	Pair Corr
0.65	ANF	Abercrombie Fitch	Pair Corr
0.72	BKE	Buckle Inc	Pair Corr
0.68	GAP	Gap, Symbol Change	Pair Corr
0.88	GCO	Genesco	Pair Corr
0.67	TJX	TJX Companies	Pair Corr
0.77	RENT	Rent the Runway Upward Rally	Pair Corr
0.73	ROST	Ross Stores	Pair Corr
0.83	JILL	JJill Inc	Pair Corr
0.72	SFIX	Stitch Fix	Pair Corr
0.77	BIRD	Allbirds	Pair Corr
0.74	BOOT	Boot Barn Holdings	Pair Corr
0.68	TLYS	Tillys Inc	Pair Corr
0.76	CATO	Cato	Pair Corr
0.72	LULU	Lululemon Athletica	Pair Corr
0.75	LVLU	Lulus Fashion Lounge	Pair Corr
0.63	URBN	Urban Outfitters	Pair Corr
0.76	H	Hyatt Hotels	Pair Corr
0.62	MBLY	Mobileye Global Class	Pair Corr
0.73	MBUU	Malibu Boats	Pair Corr
0.68	DIBS	1StdibsCom	Pair Corr

Moving against Citi Stock

0.44

Ford Motor Aggressive Push

Pair Corr

Related Correlations Analysis

	JILL	ZUMZ	TLYS	DLTH	GCO	HIBB	BKE	SCVL
JILL		0.71	0.78	0.81	0.96	0.0	0.94	0.74	JILL
ZUMZ	0.71		0.4	0.55	0.65	0.0	0.81	0.92	ZUMZ
TLYS	0.78	0.4		0.74	0.77	0.0	0.65	0.42	TLYS
DLTH	0.81	0.55	0.74		0.78	0.0	0.74	0.66	DLTH
GCO	0.96	0.65	0.77	0.78		0.0	0.87	0.66	GCO
HIBB	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HIBB
BKE	0.94	0.81	0.65	0.74	0.87	0.0		0.88	BKE
SCVL	0.74	0.92	0.42	0.66	0.66	0.0	0.88		SCVL
	JILL	ZUMZ	TLYS	DLTH	GCO	HIBB	BKE	SCVL

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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

GCO	+ 0.96	JILL
BKE	+ 0.94	JILL
SCVL	+ 0.92	ZUMZ
SCVL	+ 0.88	BKE
BKE	+ 0.87	GCO
DLTH	+ 0.81	JILL

High negative correlations

SCVL	- 0.0	HIBB
BKE	- 0.0	HIBB
HIBB	- 0.0	GCO
HIBB	- 0.0	DLTH
HIBB	- 0.0	TLYS
HIBB	- 0.0	ZUMZ

Risk-Adjusted Indicators

There is a big difference between Citi Stock performing well and Citi Trends 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 Citi Trends' 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
JILL	1.81	(0.51)	1.45	3.64	(4.53)	10.29
ZUMZ	2.29	(0.37)	2.10	4.54	(4.38)	16.30
TLYS	2.85	(0.37)	(1.91)	6.27	(7.58)	27.67
DLTH	2.45	(0.71)	1.11	6.55	(5.50)	23.15
GCO	2.69	(0.88)	(2.32)	5.07	(5.36)	22.52
HIBB	0.00	0.00	0.00	0.00	0.00	0.00
BKE	1.32	(0.37)	8.92	2.25	(2.75)	5.86
SCVL	1.86	(0.66)	(2.37)	3.24	(4.34)	10.20

Citi Trends Corporate Management

Ivy Council	Chief Compliance Officer and Executive VP of HR	Profile
Lisa Powell	Executive Officer	Profile
Charles Hynes	VP Chain	Profile
Heather Plutino	Principal CFO	Profile
Katrina George	Vice Resources	Profile

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