Dollar Tree Correlations

Stocks . USA . 
Stock . Dollar Tree
DLTR Stock  USD 64.66  0.36  0.56%   
The current 90-days correlation between Dollar Tree and BJs Wholesale Club is 0.24 (i.e., Modest 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 0.19 (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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar Tree. 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.
To learn how to invest in Dollar Stock, please use our How to Invest in Dollar Tree guide.

Moving together with Dollar Stock

  0.77TGT TargetPairCorr
  0.71DNUT Krispy KremePairCorr
  0.69EDBL Edible Garden AGPairCorr
  0.62EEIQ Elite Education GroupPairCorr

Moving against Dollar Stock

  0.74GV Visionary Education Downward RallyPairCorr
  0.64MO Altria GroupPairCorr
  0.57UL Unilever PLC ADRPairCorr
  0.49BJ BJs Wholesale ClubPairCorr
  0.43TR Tootsie Roll IndustriesPairCorr
  0.39ACI Albertsons CompaniesPairCorr
  0.39KO Coca Cola Sell-off TrendPairCorr
  0.38K KellanovaPairCorr
  0.38YI 111 Inc TrendingPairCorr
  0.35DG Dollar GeneralPairCorr
  0.35YQ 17 Education TechnologyPairCorr
  0.33PM Philip Morris InternPairCorr
  0.65BUD Anheuser Busch InbevPairCorr
  0.56ACU Acme UnitedPairCorr
  0.48VSTA Vasta Platform Downward RallyPairCorr
  0.47DOLE Dole PLCPairCorr
  0.45BGS BG FoodsPairCorr
  0.37BTI British American Tobacco Sell-off TrendPairCorr

Related Correlations Analysis

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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   
COST
+ 0.87
WMT
DG
+ 0.55
BJ
TGT
+ 0.42
WMT
COST
+ 0.35
BJ
WMT
+ 0.12
BJ
COST
+ 0.06
TGT
  
High negative correlations   
TGT
- 0.7
BJ
DG
- 0.65
TGT
DG
- 0.39
WMT
COST
- 0.11
DG
COST
- 0.0
BIG
DG
- 0.0
BIG

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.

Dollar Tree Corporate Management

Michael CreedonChief OfficerProfile
Aditya MaheshwariSenior OfficerProfile
Jonathan JDChief SecretaryProfile
Richard McNeelyChief OfficerProfile
Robert AflatooniChief OfficerProfile
Bobby AflatooniChief OfficerProfile
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