Childrens Place Correlations

PLCE Stock

USD 8.80 0.55 6.67%

The current 90-days correlation between Childrens Place and Buckle Inc is 0.02 (i.e., Significant diversification). The correlation of Childrens Place 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.

Childrens Place Correlation With Market

Weak diversification

The correlation between Childrens Place 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 Childrens Place 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 Childrens Place. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Childrens Stock refer to our How to Trade Childrens Stock guide.

Moving together with Childrens Stock

0.83	W	Wayfair Buyout Trend	Pair Corr
0.64	BQ	Boqii Holding Limited	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.8	LE	Lands End Earnings Call This Week	Pair Corr
0.84	RH	RH Earnings Call This Week	Pair Corr
0.7	DLTH	Duluth Holdings	Pair Corr
0.73	WEYS	Weyco Group	Pair Corr
0.8	ETSY	Etsy Inc	Pair Corr
0.84	FIVE	Five Below	Pair Corr
0.64	FLWS	1 800 FLOWERSCOM	Pair Corr
0.72	AAP	Advance Auto Parts	Pair Corr
0.67	FNKO	Funko Inc	Pair Corr
0.79	CAL	Continental	Pair Corr
0.88	DBI	Designer Brands	Pair Corr
0.72	GAP	Gap, Symbol Change	Pair Corr
0.83	GCO	Genesco	Pair Corr
0.72	GCT	GigaCloud Technology	Pair Corr
0.85	GES	Guess Inc	Pair Corr
0.76	LAD	Lithia Motors	Pair Corr
0.66	LOW	Lowes Companies	Pair Corr
0.77	GLBE	Global E Online	Pair Corr
0.83	ZUMZ	Zumiez Inc Downward Rally	Pair Corr
0.88	JMIA	Jumia Technologies	Pair Corr

Moving against Childrens Stock

0.82	VIPS	Vipshop Holdings	Pair Corr
0.77	AZO	AutoZone	Pair Corr
0.68	JD	JD Inc Adr	Pair Corr
0.7	GPC	Genuine Parts	Pair Corr
0.67	PDD	PDD Holdings Aggressive Push	Pair Corr
0.61	EYE	National Vision Holdings	Pair Corr
0.85	BABA	Alibaba Group Holding	Pair Corr
0.67	ORLY	OReilly Automotive	Pair Corr
0.63	MELI	MercadoLibre	Pair Corr
0.44	BZUN	Baozun Inc	Pair Corr

Related Correlations Analysis

	ROST	PLCE	BKE	BURL	URBN	AEO	SCVL	GCO	CTRN	ZUMZ
ROST		0.85	0.95	0.92	0.47	0.94	0.83	0.91	0.7	0.79	ROST
PLCE	0.85		0.89	0.82	0.22	0.91	0.82	0.83	0.61	0.83	PLCE
BKE	0.95	0.89		0.93	0.38	0.97	0.86	0.89	0.67	0.81	BKE
BURL	0.92	0.82	0.93		0.29	0.93	0.89	0.77	0.54	0.77	BURL
URBN	0.47	0.22	0.38	0.29		0.38	0.12	0.54	0.58	0.11	URBN
AEO	0.94	0.91	0.97	0.93	0.38		0.85	0.9	0.69	0.79	AEO
SCVL	0.83	0.82	0.86	0.89	0.12	0.85		0.67	0.44	0.92	SCVL
GCO	0.91	0.83	0.89	0.77	0.54	0.9	0.67		0.85	0.66	GCO
CTRN	0.7	0.61	0.67	0.54	0.58	0.69	0.44	0.85		0.43	CTRN
ZUMZ	0.79	0.83	0.81	0.77	0.11	0.79	0.92	0.66	0.43		ZUMZ
	ROST	PLCE	BKE	BURL	URBN	AEO	SCVL	GCO	CTRN	ZUMZ

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Risk-Adjusted Indicators

There is a big difference between Childrens Stock performing well and Childrens Place 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 Childrens Place'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ROST	1.07	(0.26)	(0.45)	1.84	(2.50)	5.08
PLCE	3.11	(0.39)	(0.28)	5.50	(6.95)	33.45
BKE	1.40	(0.40)	2.03	2.25	(3.03)	5.86
BURL	1.81	(0.24)	(0.41)	3.32	(3.62)	15.50
URBN	2.06	(0.07)	0.10	3.57	(3.81)	15.80
AEO	2.04	(0.44)	(0.41)	2.89	(4.69)	13.66
SCVL	1.91	(0.58)	(1.30)	3.24	(4.74)	10.20
GCO	2.66	(0.81)	(0.53)	5.07	(6.50)	22.52
CTRN	2.59	(0.15)	(0.20)	3.63	(5.96)	24.44
ZUMZ	2.37	(0.58)	0.64	4.54	(5.74)	16.30

Childrens Place Corporate Management

Philip Ende	GVP Estate	Profile
Mary Sheridan	Chief Officer	Profile
Jared Shure	General Officer	Profile
Rajat Jain	Logistics Technology	Profile

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