Continental Correlations
CAL Stock | USD 15.72 0.59 3.90% |
The current 90-days correlation between Continental and Wolverine World Wide is -0.19 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Continental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caleres moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Continental Correlation With Market
Very weak diversification
The correlation between Caleres and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caleres and DJI in the same portfolio, assuming nothing else is changed.
Continental | Build AI portfolio with Continental Stock |
Moving against Continental Stock
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0.69 | BDL | Flanigans Enterprises | PairCorr |
0.69 | COE | 51Talk Online Education | PairCorr |
0.68 | DOOO | BRP Inc | PairCorr |
0.62 | DRI | Darden Restaurants | PairCorr |
0.52 | WING | Wingstop Earnings Call This Week | PairCorr |
0.47 | FLUT | Flutter Entertainment plc | PairCorr |
0.47 | CSV | Carriage Services Earnings Call This Week | PairCorr |
0.42 | DIN | Dine Brands Global | PairCorr |
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0.34 | DOGZ | Dogness International | PairCorr |
Related Correlations Analysis
0.6 | 0.59 | 0.61 | 0.58 | 0.13 | VRA | ||
0.6 | 0.89 | 0.83 | 0.75 | 0.08 | WWW | ||
0.59 | 0.89 | 0.82 | 0.8 | 0.25 | RCKY | ||
0.61 | 0.83 | 0.82 | 0.8 | 0.48 | SHOO | ||
0.58 | 0.75 | 0.8 | 0.8 | 0.28 | WEYS | ||
0.13 | 0.08 | 0.25 | 0.48 | 0.28 | DBI | ||
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Risk-Adjusted Indicators
There is a big difference between Continental Stock performing well and Continental 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 Continental'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
VRA | 5.07 | (0.13) | 0.06 | 0.17 | 5.47 | 11.76 | 43.24 | |||
WWW | 2.49 | 1.28 | 0.35 | (1.96) | 1.80 | 6.67 | 16.69 | |||
RCKY | 3.19 | 0.82 | 0.26 | 0.69 | 2.85 | 6.75 | 70.57 | |||
SHOO | 2.71 | 0.03 | 0.13 | 0.22 | 2.25 | 6.31 | 23.15 | |||
WEYS | 1.75 | (0.09) | 0.01 | 0.14 | 2.02 | 4.23 | 10.35 | |||
DBI | 4.13 | (0.14) | 0.06 | 0.16 | 5.49 | 13.45 | 33.87 |