Ollies Bargain Correlations

OLLI Stock

USD 101.09 0.19 0.19%

The current 90-days correlation between Ollies Bargain Outlet and BJs Wholesale Club is 0.5 (i.e., Very weak diversification). The correlation of Ollies Bargain 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.

Ollies Bargain Correlation With Market

Weak diversification

The correlation between Ollies Bargain Outlet and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ollies Bargain Outlet and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ollies Bargain Outlet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Ollies Stock

0.63	FND	Floor Decor Holdings	Pair Corr
0.64	SNBR	Sleep Number Corp Trending	Pair Corr

Related Correlations Analysis

	DLTR	BJ	DG	COST	WMT	BIG	TGT	WMMVF	BMRPF	BMRRY
DLTR		-0.33	0.82	-0.18	-0.49	0.53	0.23	0.55	0.5	0.53	DLTR
BJ	-0.33		-0.36	0.65	0.87	-0.83	-0.54	-0.78	-0.77	-0.81	BJ
DG	0.82	-0.36		-0.29	-0.55	0.55	0.38	0.53	0.47	0.55	DG
COST	-0.18	0.65	-0.29		0.78	-0.67	-0.61	-0.55	-0.67	-0.69	COST
WMT	-0.49	0.87	-0.55	0.78		-0.9	-0.68	-0.83	-0.89	-0.93	WMT
BIG	0.53	-0.83	0.55	-0.67	-0.9		0.49	0.8	0.84	0.91	BIG
TGT	0.23	-0.54	0.38	-0.61	-0.68	0.49		0.56	0.63	0.65	TGT
WMMVF	0.55	-0.78	0.53	-0.55	-0.83	0.8	0.56		0.86	0.89	WMMVF
BMRPF	0.5	-0.77	0.47	-0.67	-0.89	0.84	0.63	0.86		0.95	BMRPF
BMRRY	0.53	-0.81	0.55	-0.69	-0.93	0.91	0.65	0.89	0.95		BMRRY
	DLTR	BJ	DG	COST	WMT	BIG	TGT	WMMVF	BMRPF	BMRRY

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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

BMRRY	+ 0.95	BMRPF
BMRRY	+ 0.91	BIG
BMRRY	+ 0.89	WMMVF
WMT	+ 0.87	BJ
BMRPF	+ 0.86	WMMVF
BMRPF	+ 0.84	BIG

High negative correlations

BMRRY	- 0.93	WMT
BIG	- 0.9	WMT
BMRPF	- 0.89	WMT
WMMVF	- 0.83	WMT
BIG	- 0.83	BJ
BMRRY	- 0.81	BJ

Risk-Adjusted Indicators

There is a big difference between Ollies Stock performing well and Ollies Bargain 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 Ollies Bargain'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
DLTR	2.35	(0.34)	0.00	2.03	0.00	0.00	4.08	(3.83)	22.16
BJ	1.12	0.19	0.12	0.42	0.92	(1.37)	2.56	(1.62)	9.63
DG	1.86	(0.55)	0.00	0.83	0.00	0.00	2.69	(3.31)	32.15
COST	0.92	0.02	(0.03)	0.14	0.94	(1.04)	2.10	(1.70)	5.09
WMT	0.82	0.27	0.16	2.97	0.74	(0.97)	1.90	(1.27)	4.33
BIG	8.08	(2.45)	0.00	1.19	0.00	0.00	21.35	(16.67)	103.00
TGT	1.57	(0.27)	0.00	(1.21)	0.00	0.00	2.80	(2.54)	24.32
WMMVF	1.79	(0.26)	0.00	0.81	0.00	0.00	3.92	(3.77)	13.90
BMRPF	3.19	(0.30)	0.00	0.88	0.00	0.00	6.13	(7.54)	20.15
BMRRY	1.33	(0.50)	0.00	(1.03)	0.00	0.00	2.24	(4.01)	10.10

Ollies Bargain Corporate Management

Jay Stasz	Chief Accounting Officer and Sr. VP of Fin.	Profile
James JD	General VP	Profile
James Comitale	Sr Counsel	Profile
Dan Haines	VP Advter	Profile
Larry Kraus	Senior Officer	Profile

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