Ollies Bargain Correlations

OLLI Stock

USD 121.33 3.09 2.61%

The current 90-days correlation between Ollies Bargain Outlet and Sprouts Farmers Market is 0.23 (i.e., Modest diversification). The correlation of Ollies Bargain 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.

Ollies Bargain Correlation With Market

Modest diversification

The correlation between Ollies Bargain Outlet and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ollies Bargain Outlet and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ollies Bargain Outlet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Ollies Stock

0.77	MNSO	Miniso Group Holding	Pair Corr
0.69	ARE	Alexandria Real Estate	Pair Corr

Moving against Ollies Stock

0.75	SNPHF	Santen Pharmaceutical	Pair Corr
0.7	BKKPF	Bangkok Bank Public	Pair Corr
0.63	M	Macys Inc	Pair Corr
0.63	SZKMF	Suzuki Motor	Pair Corr
0.53	JPDYY	Japan Display ADR	Pair Corr
0.43	OPHLF	Ono Pharmaceutical	Pair Corr
0.41	DSHK	Drive Shack	Pair Corr
0.33	PCOR	Procore Technologies	Pair Corr
0.31	PREC	Prestige Cars Intern	Pair Corr
0.75	MMLTF	MMG Limited	Pair Corr
0.75	RWEOY	RWE AG PK	Pair Corr
0.73	CRTTF	Cortus Metals	Pair Corr
0.72	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.71	TVE	Tennessee Valley Aut	Pair Corr
0.7	KLAC	KLA Tencor	Pair Corr
0.69	KO	Coca Cola	Pair Corr
0.67	FDX	FedEx	Pair Corr
0.64	AB	AllianceBernstein	Pair Corr
0.62	PATH	Uipath Inc Trending	Pair Corr
0.59	WILC	G Willi Food	Pair Corr
0.58	MBGYY	Mercedes Benz Group	Pair Corr
0.57	VWDRY	Vestas Wind Systems	Pair Corr
0.53	AHFI	Absolute Health	Pair Corr
0.51	GLOB	Globant SA Tech Boost	Pair Corr
0.51	EW	Edwards Lifesciences Corp	Pair Corr
0.44	FJTSF	Fujitsu Limited	Pair Corr
0.41	ATNF	ATNF Old Symbol Change	Pair Corr

Related Correlations Analysis

	SFM	TAL	INGR	LW	CAG	ELF	SFD	CPB	PSMT	TAP
SFM		-0.38	0.94	-0.21	0.83	0.8	0.74	0.75	-0.34	0.58	SFM
TAL	-0.38		-0.25	0.47	-0.39	-0.08	-0.3	-0.32	0.3	-0.54	TAL
INGR	0.94	-0.25		-0.04	0.84	0.92	0.68	0.65	-0.25	0.42	INGR
LW	-0.21	0.47	-0.04		-0.08	0.13	-0.6	-0.56	0.52	-0.23	LW
CAG	0.83	-0.39	0.84	-0.08		0.69	0.6	0.71	-0.26	0.64	CAG
ELF	0.8	-0.08	0.92	0.13	0.69		0.57	0.45	-0.13	0.14	ELF
SFD	0.74	-0.3	0.68	-0.6	0.6	0.57		0.82	-0.45	0.38	SFD
CPB	0.75	-0.32	0.65	-0.56	0.71	0.45	0.82		-0.62	0.56	CPB
PSMT	-0.34	0.3	-0.25	0.52	-0.26	-0.13	-0.45	-0.62		-0.39	PSMT
TAP	0.58	-0.54	0.42	-0.23	0.64	0.14	0.38	0.56	-0.39		TAP
	SFM	TAL	INGR	LW	CAG	ELF	SFD	CPB	PSMT	TAP

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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

INGR	+ 0.94	SFM
ELF	+ 0.92	INGR
CAG	+ 0.84	INGR
CAG	+ 0.83	SFM
CPB	+ 0.82	SFD
ELF	+ 0.8	SFM

High negative correlations

PSMT	- 0.62	CPB
SFD	- 0.6	LW
CPB	- 0.56	LW
TAP	- 0.54	TAL
PSMT	- 0.45	SFD
TAP	- 0.39	PSMT

Risk-Adjusted Indicators

There is a big difference between Ollies Stock performing well and Ollies Bargain 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 Ollies Bargain'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
SFM	2.03	(0.74)	0.00	(0.69)	0.00	0.00	3.75	(3.94)	30.37
TAL	1.91	0.08	0.05	0.13	2.21	(2.09)	4.78	(4.00)	12.35
INGR	0.77	(0.27)	0.00	(0.71)	0.00	0.00	1.28	(1.68)	7.56
LW	1.51	0.07	0.03	0.17	1.49	(1.79)	4.32	(2.73)	10.42
CAG	1.20	(0.14)	0.00	(0.71)	0.00	0.00	2.24	(2.42)	9.30
ELF	2.86	(0.79)	0.00	(0.20)	0.00	0.00	4.37	(5.33)	41.81
SFD	1.04	(0.17)	0.00	(0.29)	0.00	0.00	2.19	(2.19)	8.32
CPB	1.25	(0.13)	0.00	(6.23)	0.00	0.00	2.33	(3.10)	8.72
PSMT	1.19	0.18	0.10	0.25	1.32	(1.25)	3.37	(1.69)	12.88
TAP	1.20	(0.12)	0.00	50.17	0.00	0.00	2.07	(2.51)	7.61

Ollies Bargain Corporate Management

Jay Stasz	Chief Accounting Officer and Sr. VP of Fin.	Profile
James JD	General VP	Profile
James Comitale	Sr Counsel	Profile
Dan Haines	VP Advter	Profile
Larry Kraus	Senior Officer	Profile

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