Dollar Tree Correlations
| DLTR Stock | USD 76.22 0.91 1.21% |
The current 90-days correlation between Dollar Tree and BJs Wholesale Club is 0.43 (i.e., Very weak diversification). The correlation of Dollar Tree 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.
Dollar Tree Correlation With Market
Average diversification
The correlation between Dollar Tree 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 Dollar Tree and DJI in the same portfolio, assuming nothing else is changed.
Dollar |
Moving against Dollar Stock
| 0.58 | BG | Bunge Limited | PairCorr |
| 0.56 | LW | Lamb Weston Holdings | PairCorr |
| 0.55 | TBBB | BBB Foods | PairCorr |
| 0.51 | ANDE | Andersons | PairCorr |
| 0.46 | GO | Grocery Outlet Holding | PairCorr |
| 0.45 | JZ | Jianzhi Education Tech Boost | PairCorr |
| 0.44 | HFFG | Hf Foods Group | PairCorr |
| 0.39 | CL | Colgate Palmolive | PairCorr |
| 0.58 | FEDU | Four Seasons Education | PairCorr |
| 0.49 | DOLE | Dole PLC Earnings Call Today | PairCorr |
| 0.48 | DNUT | Krispy Kreme | PairCorr |
| 0.46 | IMKTA | Ingles Markets | PairCorr |
| 0.33 | WEST | Westrock Coffee | PairCorr |
Related Correlations Analysis
| 0.0 | 0.9 | -0.33 | 0.02 | 0.91 | BJ | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | BIG | ||
| 0.9 | 0.0 | -0.21 | -0.08 | 0.86 | WMT | ||
| -0.33 | 0.0 | -0.21 | -0.15 | -0.41 | TGT | ||
| 0.02 | 0.0 | -0.08 | -0.15 | 0.24 | DG | ||
| 0.91 | 0.0 | 0.86 | -0.41 | 0.24 | COST | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dollar Stock performing well and Dollar Tree 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 Dollar Tree'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BJ | 1.43 | 0.30 | 0.21 | 0.49 | 1.17 | 3.09 | 11.71 | |||
| BIG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WMT | 1.09 | 0.23 | 0.12 | 0.37 | 1.55 | 2.58 | 9.53 | |||
| TGT | 1.58 | (0.24) | 0.00 | 2.74 | 0.00 | 2.81 | 21.41 | |||
| DG | 1.36 | 0.05 | 0.02 | (1.42) | 1.72 | 3.05 | 6.83 | |||
| COST | 0.91 | 0.21 | 0.20 | 0.46 | 0.78 | 2.55 | 5.58 |
Dollar Tree Corporate Management
| Michael Creedon | Chief Officer | Profile | |
| Aditya Maheshwari | Senior Officer | Profile | |
| Jonathan JD | Chief Secretary | Profile | |
| Richard McNeely | Chief Officer | Profile | |
| Robert Aflatooni | Chief Officer | Profile | |
| Bobby Aflatooni | Chief Officer | Profile |