Continental Correlations

CAL Stock

USD 13.98 0.26 1.90%

The current 90-days correlation between Continental and Wolverine World Wide is -0.05 (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 good diversification

The correlation between Caleres and DJI is -0.21 (i.e., Very good 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.

Build AI portfolio with Continental Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caleres. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Continental Stock

0.88	AEO	American Eagle Outfitters	Pair Corr
0.77	ROST	Ross Stores	Pair Corr
0.7	LCID	Lucid Group Trending	Pair Corr
0.77	HPQ	HP Inc	Pair Corr

Moving against Continental Stock

0.61	GRPN	Groupon	Pair Corr
0.57	GPRO	GoPro Inc Buyout Trend	Pair Corr
0.56	PLUG	Plug Power Aggressive Push	Pair Corr
0.51	RRR	Red Rock Resorts	Pair Corr
0.5	BKE	Buckle Inc	Pair Corr
0.48	NVDA	NVIDIA	Pair Corr
0.45	FL	Foot Locker Sell-off Trend	Pair Corr
0.45	URBN	Urban Outfitters	Pair Corr
0.45	VUZI	Vuzix Corp Cmn	Pair Corr
0.38	UAA	Under Armour A Aggressive Push	Pair Corr
0.33	GES	Guess Inc	Pair Corr
0.59	LTRY	Lottery, Common Stock	Pair Corr
0.58	IBM	International Business Earnings Call Today	Pair Corr
0.55	T	ATT Inc Earnings Call Today	Pair Corr
0.53	PFE	Pfizer Inc	Pair Corr
0.52	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.47	JPM	JPMorgan Chase	Pair Corr
0.47	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.46	GE	GE Aerospace	Pair Corr
0.45	BAC	Bank of America Aggressive Push	Pair Corr
0.44	DIS	Walt Disney	Pair Corr
0.43	SOFI	SoFi Technologies Earnings Call This Week	Pair Corr
0.4	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	VRA	WWW	RCKY	SHOO	WEYS	DBI
VRA		0.64	0.6	0.62	0.55	0.07	VRA
WWW	0.64		0.91	0.87	0.8	0.11	WWW
RCKY	0.6	0.91		0.83	0.79	0.26	RCKY
SHOO	0.62	0.87	0.83		0.8	0.45	SHOO
WEYS	0.55	0.8	0.79	0.8		0.3	WEYS
DBI	0.07	0.11	0.26	0.45	0.3		DBI
	VRA	WWW	RCKY	SHOO	WEYS	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	5.08	0.07	0.07	0.19	5.47	(6.01)	11.76	(7.78)	43.24
WWW	2.49	0.84	0.37	0.61	1.80	(3.03)	6.67	(2.75)	16.69
RCKY	3.19	0.95	0.28	0.74	2.87	(3.81)	6.75	(2.49)	70.57
SHOO	2.72	0.17	0.15	0.24	2.27	(3.44)	6.31	(3.77)	23.15
WEYS	1.74	0.13	(0.01)	1.46	2.03	(1.85)	4.23	(3.25)	10.35
DBI	4.06	0.41	0.02	(0.52)	5.86	(4.15)	7.66	(7.89)	33.87

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