Ross Stores Correlations

ROST Stock

USD 125.95 2.24 1.81%

The current 90-days correlation between Ross Stores and Burlington Stores is 0.59 (i.e., Very weak diversification). The correlation of Ross Stores 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ross Stores Correlation With Market

Good diversification

The correlation between Ross Stores and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ross Stores 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 Ross Stores. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.

Moving together with Ross Stock

0.91	FL	Foot Locker Sell-off Trend	Pair Corr
0.86	LE	Lands End Earnings Call This Week	Pair Corr
0.79	DLTH	Duluth Holdings	Pair Corr
0.87	DXLG	Destination XL Group	Pair Corr
0.93	VSCO	Victorias Secret	Pair Corr
0.93	AEO	American Eagle Outfitters	Pair Corr
0.91	ANF	Abercrombie Fitch	Pair Corr
0.95	BKE	Buckle Inc	Pair Corr
0.82	GAP	Gap, Symbol Change	Pair Corr
0.91	GCO	Genesco	Pair Corr
0.76	GES	Guess Inc	Pair Corr
0.8	ZUMZ	Zumiez Inc	Pair Corr
0.92	RENT	Rent the Runway Upward Rally	Pair Corr
0.94	JILL	JJill Inc	Pair Corr
0.83	SCVL	Shoe Carnival	Pair Corr
0.69	BIRD	Allbirds	Pair Corr
0.92	BOOT	Boot Barn Holdings	Pair Corr
0.91	BURL	Burlington Stores	Pair Corr
0.79	TLYS	Tillys Inc	Pair Corr
0.83	CATO	Cato	Pair Corr
0.73	CTRN	Citi Trends	Pair Corr
0.83	LULU	Lululemon Athletica	Pair Corr
0.92	LVLU	Lulus Fashion Lounge	Pair Corr
0.67	URBN	Urban Outfitters	Pair Corr
0.89	H	Hyatt Hotels	Pair Corr
0.7	M	Macys Inc	Pair Corr
0.64	MBLY	Mobileye Global Class	Pair Corr
0.76	MBUU	Malibu Boats	Pair Corr

Moving against Ross Stock

0.46

MCRI

Monarch Casino Resort

Pair Corr

Related Correlations Analysis

	BURL	AEO	LULU	FL	PLCE	BKE	HIBB	GES	SCVL	URBN
BURL		0.92	0.72	0.85	0.49	0.94	0.0	0.81	0.89	0.46	BURL
AEO	0.92		0.84	0.89	0.46	0.98	0.0	0.87	0.84	0.59	AEO
LULU	0.72	0.84		0.69	0.36	0.82	0.0	0.64	0.56	0.58	LULU
FL	0.85	0.89	0.69		0.39	0.92	0.0	0.85	0.92	0.55	FL
PLCE	0.49	0.46	0.36	0.39		0.5	0.0	0.66	0.46	0.05	PLCE
BKE	0.94	0.98	0.82	0.92	0.5		0.0	0.88	0.88	0.53	BKE
HIBB	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HIBB
GES	0.81	0.87	0.64	0.85	0.66	0.88	0.0		0.85	0.28	GES
SCVL	0.89	0.84	0.56	0.92	0.46	0.88	0.0	0.85		0.36	SCVL
URBN	0.46	0.59	0.58	0.55	0.05	0.53	0.0	0.28	0.36		URBN
	BURL	AEO	LULU	FL	PLCE	BKE	HIBB	GES	SCVL	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	+ 0.98	AEO
BKE	+ 0.94	BURL
AEO	+ 0.92	BURL
BKE	+ 0.92	FL
SCVL	+ 0.92	FL
SCVL	+ 0.89	BURL

High negative correlations

URBN	- 0.0	HIBB
SCVL	- 0.0	HIBB
GES	- 0.0	HIBB
HIBB	- 0.0	BKE
HIBB	- 0.0	PLCE
HIBB	- 0.0	FL

Risk-Adjusted Indicators

There is a big difference between Ross Stock performing well and Ross Stores 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 Ross Stores' 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
BURL	1.82	(0.23)	(6.92)	3.32	(3.62)	15.50
AEO	2.11	(0.47)	(0.78)	2.89	(4.56)	13.66
LULU	1.47	(0.23)	2.93	2.69	(3.33)	10.71
FL	2.19	(0.46)	(3.03)	4.66	(4.80)	13.42
PLCE	3.24	(0.61)	(0.40)	5.50	(10.19)	33.45
BKE	1.32	(0.37)	8.92	2.25	(2.75)	5.86
HIBB	0.00	0.00	0.00	0.00	0.00	0.00
GES	2.81	(0.08)	(0.15)	3.97	(6.82)	33.51
SCVL	1.86	(0.66)	(2.37)	3.24	(4.34)	10.20
URBN	2.01	(0.15)	(0.96)	3.38	(3.55)	15.80

Ross Stores Corporate Executives

Elected by the shareholders, the Ross Stores' board of directors comprises two types of representatives: Ross Stores inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ross. The board's role is to monitor Ross Stores' management team and ensure that shareholders' interests are well served. Ross Stores' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ross Stores' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Adam Orvos	Executive CFO	Profile
	Michael Hartshorn	CFO and Group Sr. VP	Profile

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