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.
Macys |
Moving together with Macys Stock
0.66 | W | Wayfair | PairCorr |
0.63 | BQ | Boqii Holding Limited | PairCorr |
0.8 | FL | Foot Locker | PairCorr |
0.73 | LE | Lands End Earnings Call This Week | PairCorr |
0.65 | DLTH | Duluth Holdings | PairCorr |
0.8 | VSCO | Victorias Secret Buyout Trend | PairCorr |
0.68 | EDUC | Educational Development | PairCorr |
0.61 | WEYS | Weyco Group | PairCorr |
0.67 | ETSY | Etsy Inc | PairCorr |
0.73 | WINA | Winmark | PairCorr |
0.72 | EVGO | Evgo Inc Buyout Trend | PairCorr |
0.76 | WOOF | Pet Acquisition LLC | PairCorr |
0.85 | FIVE | Five Below Earnings Call Today | PairCorr |
0.73 | AEO | American Eagle Outfitters Buyout Trend | PairCorr |
0.74 | AKA | AKA Brands Holding | PairCorr |
0.82 | ANF | Abercrombie Fitch | PairCorr |
0.78 | ASO | Academy Sports Outdoors Earnings Call Tomorrow | PairCorr |
0.72 | AZI | Autozi Internet Tech | PairCorr |
0.78 | BBW | Build A Bear | PairCorr |
0.68 | BGI | Birks Group | PairCorr |
0.72 | BKE | Buckle Inc | PairCorr |
0.78 | CAL | Continental | PairCorr |
Moving against Macys Stock
0.66 | VIPS | Vipshop Holdings | PairCorr |
0.57 | JD | JD Inc Adr Aggressive Push | PairCorr |
0.45 | EBAY | eBay Inc | PairCorr |
0.42 | JL | J Long Group | PairCorr |
0.62 | AZO | AutoZone | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
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 | 0.74 | 6.59 | |||
DDS | 1.88 | (0.14) | 0.00 | (0.32) | 0.00 | 3.59 | 15.12 | |||
MAKSY | 1.63 | (0.07) | 0.00 | (0.21) | 0.00 | 4.09 | 13.26 | |||
MAKSF | 1.40 | (0.14) | 0.00 | (0.58) | 0.00 | 4.67 | 19.37 | |||
KSS | 2.09 | (0.73) | 0.00 | (0.79) | 0.00 | 2.74 | 32.79 | |||
DDT | 0.21 | 0.03 | 0.45 | 0.46 | 0.19 | 0.46 | 1.28 | |||
CBD | 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 | |||
PMDKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |