Dollar Tree Correlations

DLTR Stock

USD 87.61 1.41 1.58%

The current 90-days correlation between Dollar Tree and BJs Wholesale Club is 0.13 (i.e., Average 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

Average diversification

The correlation between Dollar Tree and DJI is 0.12 (i.e., Average 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.

Build AI portfolio with Dollar Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar Tree. 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 Dollar Stock, please use our How to Invest in Dollar Tree guide.

Moving against Dollar Stock

0.91	UI	Ubiquiti Networks	Pair Corr
0.87	DSVSF	Discovery Metals Corp	Pair Corr
0.85	BMEZ	BlackRock Health Sciences	Pair Corr
0.82	KTOS	Kratos Defense Security	Pair Corr
0.73	ACSAY	ACS Actividades De	Pair Corr
0.66	CARV	Carver Bancorp	Pair Corr
0.56	WMT	Walmart	Pair Corr
0.52	LLY	Eli Lilly	Pair Corr
0.41	RFIL	RF Industries	Pair Corr
0.39	HD	Home Depot	Pair Corr
0.92	WAFU	Wah Fu Education	Pair Corr
0.89	RR	Richtech Robotics Class	Pair Corr
0.88	EONR	EON Resources	Pair Corr
0.85	SSVFF	Southern Silver Expl	Pair Corr
0.77	94986RYP0	US94986RYP09	Pair Corr
0.72	NTIP	Network 1 Technologies	Pair Corr
0.71	DOMH	Dominari Holdings	Pair Corr
0.68	PBNAF	Pembina Pipeline	Pair Corr
0.68	FNMFO	Federal National Mortgage	Pair Corr
0.68	RCAT	Red Cat Holdings	Pair Corr
0.68	TR	Tootsie Roll Industries	Pair Corr
0.62	HWH	HWH International	Pair Corr
0.48	DPUI	Discount Print USA	Pair Corr
0.41	FARO	FARO Technologies	Pair Corr

Related Correlations Analysis

	BJ	DG	COST	WMT	ROST	TJX	ORLY	ULTA
BJ		0.77	0.62	-0.39	-0.68	-0.79	-0.5	-0.8	BJ
DG	0.77		0.76	-0.4	-0.39	-0.53	-0.3	-0.68	DG
COST	0.62	0.76		0.04	-0.18	-0.23	-0.04	-0.58	COST
WMT	-0.39	-0.4	0.04		0.72	0.74	0.77	0.58	WMT
ROST	-0.68	-0.39	-0.18	0.72		0.93	0.91	0.81	ROST
TJX	-0.79	-0.53	-0.23	0.74	0.93		0.88	0.79	TJX
ORLY	-0.5	-0.3	-0.04	0.77	0.91	0.88		0.63	ORLY
ULTA	-0.8	-0.68	-0.58	0.58	0.81	0.79	0.63		ULTA
	BJ	DG	COST	WMT	ROST	TJX	ORLY	ULTA

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

TJX	+ 0.93	ROST
ORLY	+ 0.91	ROST
ORLY	+ 0.88	TJX
ULTA	+ 0.81	ROST
ULTA	+ 0.79	TJX
DG	+ 0.77	BJ

High negative correlations

ULTA	- 0.8	BJ
TJX	- 0.79	BJ
ULTA	- 0.68	DG
ROST	- 0.68	BJ
ULTA	- 0.58	COST
TJX	- 0.53	DG

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
BJ	1.15	(0.23)	0.00	0.27	0.00	0.00	1.98	(2.67)	12.38
DG	1.26	(0.17)	0.00	0.79	0.00	0.00	2.08	(2.97)	7.94
COST	0.79	(0.07)	0.00	(2.23)	0.00	0.00	1.40	(1.77)	5.54
WMT	0.73	0.10	0.07	0.80	1.01	(0.78)	1.62	(1.23)	8.57
ROST	1.06	0.17	0.14	0.20	0.98	(1.15)	2.78	(1.93)	5.88
TJX	0.77	0.18	0.22	0.66	0.56	(0.99)	2.27	(1.27)	4.24
ORLY	0.94	0.15	0.13	0.80	0.84	(1.06)	2.27	(1.65)	4.85
ULTA	1.30	0.21	0.11	0.23	1.71	(1.35)	2.39	(2.12)	10.84

Dollar Tree Corporate Management

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

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