Dollar Tree Correlations
| 0IC8 Stock | 96.99 0.79 0.81% |
The current 90-days correlation between Dollar Tree and Planet Fitness Cl is 0.04 (i.e., Significant diversification). The correlation of Dollar Tree 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.
Dollar Tree Correlation With Market
Modest diversification
The correlation between Dollar Tree and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dollar Tree and DJI in the same portfolio, assuming nothing else is changed.
Dollar |
The ability to find closely correlated positions to Dollar Tree could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dollar Tree when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dollar Tree - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dollar Tree to buy it.
Moving together with Dollar Stock
| 0.61 | SBID | State Bank | PairCorr |
| 0.66 | 0QYR | Panasonic Corp | PairCorr |
| 0.78 | 0IL0 | Fannie Mae | PairCorr |
| 0.87 | 0QYP | Microsoft | PairCorr |
| 0.75 | 0IKZ | Freddie Mac | PairCorr |
| 0.61 | 0RUK | MOL Hungarian Oil | PairCorr |
| 0.62 | PETS | Pets at Home | PairCorr |
| 0.85 | 0OP0 | DMG Mori AG | PairCorr |
| 0.67 | PFD | Premier Foods PLC | PairCorr |
| 0.9 | 0R6W | Tobii AB | PairCorr |
| 0.86 | AJB | AJ Bell plc | PairCorr |
| 0.74 | MAST | MAST Energy Developments | PairCorr |
| 0.82 | DLN | Derwent London PLC | PairCorr |
| 0.68 | 0MKM | Sligro Food Group | PairCorr |
| 0.62 | 0Q57 | Sparebank 1 SR | PairCorr |
| 0.76 | ALTN | AltynGold plc | PairCorr |
| 0.62 | MONY | MoneysupermarketCom | PairCorr |
| 0.9 | PAG | Paragon Banking Group | PairCorr |
| 0.93 | SANB | SANTANDER UK 8 | PairCorr |
| 0.71 | GBSS | Gold Bullion Securities | PairCorr |
Moving against Dollar Stock
| 0.63 | 0R15 | SoftBank Group Corp | PairCorr |
| 0.58 | TMPL | Temple Bar Investment | PairCorr |
| 0.5 | PTEC | Playtech Plc | PairCorr |
| 0.57 | 0G2Z | Solstad Offshore ASA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Dollar Stock performing well and Dollar Tree 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 Dollar Tree'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0Q1S | 0.95 | (0.08) | 0.00 | 1.14 | 0.00 | 1.87 | 7.39 | |||
| 0KJD | 1.59 | 0.11 | 0.04 | 1.16 | 1.93 | 3.91 | 11.16 | |||
| WWH | 1.17 | (0.06) | 0.00 | 0.40 | 0.00 | 3.01 | 7.85 | |||
| MWE | 2.07 | (0.18) | 0.00 | (0.33) | 0.00 | 4.49 | 13.76 | |||
| AEO | 0.86 | 0.15 | 0.06 | 0.90 | 0.76 | 3.26 | 14.57 | |||
| 0L8F | 2.35 | (0.14) | 0.00 | (0.07) | 0.00 | 4.57 | 24.60 | |||
| IAG | 2.19 | 0.16 | 0.05 | 0.29 | 2.71 | 4.87 | 10.30 | |||
| 0R9G | 0.93 | 0.12 | 0.05 | 0.78 | 1.24 | 2.33 | 8.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dollar Tree without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run USA ETFs Now
USA ETFsFind actively traded Exchange Traded Funds (ETF) in USA |
| All Next | Launch Module |
Dollar Tree Corporate Management
Elected by the shareholders, the Dollar Tree's board of directors comprises two types of representatives: Dollar Tree inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dollar. The board's role is to monitor Dollar Tree's management team and ensure that shareholders' interests are well served. Dollar Tree's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dollar Tree's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Creedon | Chief Officer | Profile | |
| Aditya Maheshwari | Senior Officer | Profile | |
| Jonathan JD | Chief Secretary | Profile | |
| Richard McNeely | Chief Officer | Profile | |
| Robert Aflatooni | Chief Officer | Profile | |
| Bobby Aflatooni | Chief Officer | Profile |