Macys Correlations

M Stock

USD 13.81 0.73 5.58%

The current 90-days correlation between Macys Inc and Nordstrom is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Macys moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Macys Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Macys Correlation With Market

Modest diversification

The correlation between Macys Inc and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Macys Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Macys Stock

0.66	W	Wayfair	Pair Corr
0.63	BQ	Boqii Holding Limited	Pair Corr
0.8	FL	Foot Locker	Pair Corr
0.73	LE	Lands End Earnings Call This Week	Pair Corr
0.65	DLTH	Duluth Holdings	Pair Corr
0.8	VSCO	Victorias Secret Buyout Trend	Pair Corr
0.68	EDUC	Educational Development	Pair Corr
0.61	WEYS	Weyco Group	Pair Corr
0.67	ETSY	Etsy Inc	Pair Corr
0.73	WINA	Winmark	Pair Corr
0.72	EVGO	Evgo Inc Buyout Trend	Pair Corr
0.76	WOOF	Pet Acquisition LLC	Pair Corr
0.85	FIVE	Five Below Earnings Call Today	Pair Corr
0.73	AEO	American Eagle Outfitters Buyout Trend	Pair Corr
0.74	AKA	AKA Brands Holding	Pair Corr
0.82	ANF	Abercrombie Fitch	Pair Corr
0.78	ASO	Academy Sports Outdoors Earnings Call Tomorrow	Pair Corr
0.72	AZI	Autozi Internet Tech	Pair Corr
0.78	BBW	Build A Bear	Pair Corr
0.68	BGI	Birks Group	Pair Corr
0.72	BKE	Buckle Inc	Pair Corr
0.78	CAL	Continental	Pair Corr

Moving against Macys Stock

0.66	VIPS	Vipshop Holdings	Pair Corr
0.57	JD	JD Inc Adr Aggressive Push	Pair Corr
0.45	EBAY	eBay Inc	Pair Corr
0.42	JL	J Long Group	Pair Corr
0.62	AZO	AutoZone	Pair Corr

Related Correlations Analysis

	JWN	DDS	MAKSY	MAKSF	KSS	DDT	CBD	LRENY	PMDKF
JWN		0.07	-0.41	-0.66	-0.53	0.52	0.0	0.0	0.0	JWN
DDS	0.07		-0.52	-0.25	0.39	-0.09	0.0	0.0	0.0	DDS
MAKSY	-0.41	-0.52		0.8	0.12	-0.27	0.0	0.0	0.0	MAKSY
MAKSF	-0.66	-0.25	0.8		0.36	-0.54	0.0	0.0	0.0	MAKSF
KSS	-0.53	0.39	0.12	0.36		-0.79	0.0	0.0	0.0	KSS
DDT	0.52	-0.09	-0.27	-0.54	-0.79		0.0	0.0	0.0	DDT
CBD	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CBD
LRENY	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	LRENY
PMDKF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PMDKF
	JWN	DDS	MAKSY	MAKSF	KSS	DDT	CBD	LRENY	PMDKF

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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

MAKSF	+ 0.8	MAKSY
DDT	+ 0.52	JWN
KSS	+ 0.39	DDS
KSS	+ 0.36	MAKSF
KSS	+ 0.12	MAKSY
DDS	+ 0.07	JWN

High negative correlations

DDT	- 0.79	KSS
MAKSF	- 0.66	JWN
DDT	- 0.54	MAKSF
KSS	- 0.53	JWN
MAKSY	- 0.52	DDS
MAKSY	- 0.41	JWN

Risk-Adjusted Indicators

There is a big difference between Macys Stock performing well and Macys 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 Macys' 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
JWN	0.40	0.09	0.30	0.33	0.41	(0.49)	0.74	(1.13)	6.59
DDS	1.88	(0.14)	0.00	(0.32)	0.00	0.00	3.59	(4.17)	15.12
MAKSY	1.63	(0.07)	0.00	(0.21)	0.00	0.00	4.09	(3.31)	13.26
MAKSF	1.40	(0.14)	0.00	(0.58)	0.00	0.00	4.67	(6.81)	19.37
KSS	2.09	(0.73)	0.00	(0.79)	0.00	0.00	2.74	(4.68)	32.79
DDT	0.21	0.03	0.45	0.46	0.19	(0.23)	0.46	(0.39)	1.28
CBD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LRENY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMDKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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