Tractor Supply Correlations

TSCO Stock

USD 52.46 0.62 1.20%

The current 90-days correlation between Tractor Supply and Williams Sonoma is 0.48 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tractor Supply moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tractor Supply moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tractor Supply Correlation With Market

Weak diversification

The correlation between Tractor Supply and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tractor Supply and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tractor Supply. 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.

To learn how to invest in Tractor Stock, please use our How to Invest in Tractor Supply guide.

Moving against Tractor Stock

0.48

FINN

First National

Pair Corr

Related Correlations Analysis

	WSM	AZO	ULTA	BBY	RH	DKS	AAP	TSCO	ORLY	FIVE
WSM		-0.29	0.33	0.69	0.72	0.9	0.73	0.59	0.0	0.32	WSM
AZO	-0.29		-0.83	-0.51	-0.81	-0.49	-0.6	0.08	0.87	-0.84	AZO
ULTA	0.33	-0.83		0.47	0.82	0.58	0.66	-0.02	-0.78	0.91	ULTA
BBY	0.69	-0.51	0.47		0.71	0.75	0.58	0.48	-0.18	0.64	BBY
RH	0.72	-0.81	0.82	0.71		0.83	0.83	0.22	-0.59	0.81	RH
DKS	0.9	-0.49	0.58	0.75	0.83		0.81	0.46	-0.23	0.57	DKS
AAP	0.73	-0.6	0.66	0.58	0.83	0.81		0.17	-0.43	0.57	AAP
TSCO	0.59	0.08	-0.02	0.48	0.22	0.46	0.17		0.23	0.07	TSCO
ORLY	0.0	0.87	-0.78	-0.18	-0.59	-0.23	-0.43	0.23		-0.73	ORLY
FIVE	0.32	-0.84	0.91	0.64	0.81	0.57	0.57	0.07	-0.73		FIVE
	WSM	AZO	ULTA	BBY	RH	DKS	AAP	TSCO	ORLY	FIVE

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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

FIVE	+ 0.91	ULTA
DKS	+ 0.9	WSM
ORLY	+ 0.87	AZO
DKS	+ 0.83	RH
AAP	+ 0.83	RH
RH	+ 0.82	ULTA

High negative correlations

FIVE	- 0.84	AZO
ULTA	- 0.83	AZO
RH	- 0.81	AZO
ORLY	- 0.78	ULTA
FIVE	- 0.73	ORLY
AAP	- 0.6	AZO

Risk-Adjusted Indicators

There is a big difference between Tractor Stock performing well and Tractor Supply 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 Tractor Supply'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
WSM	1.94	(0.12)	0.00	(0.17)	0.00	0.00	3.45	(5.56)	10.71
AZO	0.95	0.13	0.15	0.24	1.07	(1.09)	2.08	(1.72)	5.90
ULTA	1.54	(0.22)	0.00	(0.27)	0.00	0.00	2.38	(3.94)	17.36
BBY	1.62	(0.15)	0.00	(0.19)	0.00	0.00	3.19	(3.22)	17.05
RH	2.94	(0.52)	0.00	(0.34)	0.00	0.00	3.70	(7.06)	28.01
DKS	1.79	(0.08)	0.00	(0.13)	0.00	0.00	3.18	(4.42)	10.08
AAP	2.18	(0.17)	0.00	(1.01)	0.00	0.00	3.89	(4.04)	25.00
TSCO	1.37	(0.08)	0.00	(0.20)	0.00	0.00	2.79	(3.61)	11.76
ORLY	1.01	0.12	0.14	0.15	0.97	(1.06)	2.09	(1.67)	4.08
FIVE	2.19	(0.37)	0.00	(0.43)	0.00	0.00	4.63	(4.73)	11.81

Tractor Supply Corporate Management

Jonathan Estep	Executive Officer	Profile
Matthew Rubin	Senior Petsense	Profile
Robert Mills	Digital Technology	Profile
Kimberley Gardiner	Senior Officer	Profile

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