Childrens Place Correlations

PLCE Stock

USD 8.95 0.12 1.32%

The current 90-days correlation between Childrens Place and Buckle Inc is -0.02 (i.e., Good 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

Significant diversification

The correlation between Childrens Place and DJI is 0.06 (i.e., Significant 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

0.77	BQ	Boqii Holding Limited	Pair Corr
0.86	CAL	Continental	Pair Corr
0.78	UPBD	Upbound Group	Pair Corr
0.84	F	Ford Motor Earnings Call Today	Pair Corr
0.73	GM	General Motors	Pair Corr
0.73	WING	Wingstop	Pair Corr
0.72	AXL	American Axle Manufa	Pair Corr
0.74	BLD	Topbuild Corp Earnings Call Today	Pair Corr
0.66	MOD	Modine Manufacturing	Pair Corr
0.84	MPX	Marine Products	Pair Corr
0.71	QSR	Restaurant Brands	Pair Corr
0.86	VRA	Vera Bradley	Pair Corr

Moving against Childrens Stock

0.78	FNKO	Funko Inc Earnings Call This Week	Pair Corr
0.73	DRI	Darden Restaurants	Pair Corr
0.58	IH	Ihuman Inc	Pair Corr
0.8	PLYA	Playa Hotels Resorts	Pair Corr
0.67	RCKY	Rocky Brands Earnings Call Today	Pair Corr
0.53	OSW	OneSpaWorld Holdings Earnings Call Today	Pair Corr
0.46	LTH	Life Time Group	Pair Corr
0.36	JAKK	JAKKS Pacific Earnings Call Today	Pair Corr

Related Correlations Analysis

	ROST	BKE	HIBB	GES	ANF	AEO	GPS	FL	URBN
ROST		0.92	0.0	0.53	0.73	0.71	0.0	0.59	0.02	ROST
BKE	0.92		0.0	0.53	0.69	0.73	0.0	0.55	0.05	BKE
HIBB	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HIBB
GES	0.53	0.53	0.0		0.73	0.83	0.0	0.85	-0.74	GES
ANF	0.73	0.69	0.0	0.73		0.74	0.0	0.81	-0.33	ANF
AEO	0.71	0.73	0.0	0.83	0.74		0.0	0.8	-0.46	AEO
GPS	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GPS
FL	0.59	0.55	0.0	0.85	0.81	0.8	0.0		-0.6	FL
URBN	0.02	0.05	0.0	-0.74	-0.33	-0.46	0.0	-0.6		URBN
	ROST	BKE	HIBB	GES	ANF	AEO	GPS	FL	URBN

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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

BKE	+ 0.92	ROST
FL	+ 0.85	GES
AEO	+ 0.83	GES
FL	+ 0.81	ANF
FL	+ 0.8	AEO
AEO	+ 0.74	ANF

High negative correlations

URBN	- 0.74	GES
URBN	- 0.6	FL
URBN	- 0.46	AEO
URBN	- 0.33	ANF
URBN	- 0.0	GPS
FL	- 0.0	GPS

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ROST	0.98	(0.05)	0.00	(0.11)	0.00	0.00	2.19	(2.19)	7.28
BKE	1.28	(0.13)	0.00	(3.86)	0.00	0.00	2.39	(2.45)	9.05
HIBB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GES	2.09	(0.47)	0.00	(1.74)	0.00	0.00	3.13	(4.36)	12.49
ANF	2.53	(0.47)	0.00	0.80	0.00	0.00	5.09	(5.13)	23.02
AEO	2.11	(0.39)	0.00	(0.46)	0.00	0.00	3.61	(4.31)	20.40
GPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FL	2.06	(0.34)	0.00	(0.37)	0.00	0.00	3.92	(3.86)	15.08
URBN	2.31	0.57	0.25	(1.10)	1.95	(2.71)	4.35	(3.51)	24.24

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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