Pool Correlations

POOL Stock

USD 298.86 0.05 0.02%

The current 90-days correlation between Pool and Fastenal Company is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pool moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pool Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pool Correlation With Market

Very weak diversification

The correlation between Pool Corp. and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pool Corp. 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 Pool Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Pool Stock

0.65

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Pair Corr

Related Correlations Analysis

	FAST	MSM	FERG	GWW	WSO	AIT	CNM	BXC	GIC
FAST		0.85	0.76	0.17	-0.1	0.82	0.8	0.65	0.57	FAST
MSM	0.85		0.84	0.17	-0.17	0.79	0.89	0.81	0.7	MSM
FERG	0.76	0.84		0.23	-0.51	0.59	0.95	0.55	0.76	FERG
GWW	0.17	0.17	0.23		-0.28	-0.01	0.25	-0.24	0.66	GWW
WSO	-0.1	-0.17	-0.51	-0.28		0.03	-0.43	0.17	-0.39	WSO
AIT	0.82	0.79	0.59	-0.01	0.03		0.72	0.8	0.41	AIT
CNM	0.8	0.89	0.95	0.25	-0.43	0.72		0.65	0.78	CNM
BXC	0.65	0.81	0.55	-0.24	0.17	0.8	0.65		0.31	BXC
GIC	0.57	0.7	0.76	0.66	-0.39	0.41	0.78	0.31		GIC
	FAST	MSM	FERG	GWW	WSO	AIT	CNM	BXC	GIC

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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

CNM	+ 0.95	FERG
CNM	+ 0.89	MSM
MSM	+ 0.85	FAST
FERG	+ 0.84	MSM
AIT	+ 0.82	FAST
BXC	+ 0.81	MSM

High negative correlations

WSO	- 0.51	FERG
CNM	- 0.43	WSO
GIC	- 0.39	WSO
WSO	- 0.28	GWW
BXC	- 0.24	GWW
WSO	- 0.17	MSM

Risk-Adjusted Indicators

There is a big difference between Pool Stock performing well and Pool 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 Pool'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
FAST	0.97	0.10	0.05	0.25	1.10	(1.05)	2.05	(1.59)	7.13
MSM	1.22	0.05	0.05	0.18	1.04	(1.45)	3.43	(1.89)	8.73
FERG	1.30	0.34	0.32	0.50	0.54	(1.67)	3.17	(1.87)	18.95
GWW	0.98	(0.07)	(0.07)	0.05	1.17	(1.01)	2.05	(1.72)	5.61
WSO	1.27	(0.20)	0.00	(0.14)	0.00	0.00	2.57	(2.51)	13.09
AIT	1.62	0.03	0.05	0.15	1.85	(1.85)	3.60	(3.40)	10.50
CNM	1.41	0.21	0.16	0.32	1.11	(1.66)	3.20	(2.21)	12.44
BXC	2.51	(0.13)	(0.01)	0.06	3.46	(2.55)	6.61	(4.80)	13.45
GIC	1.42	0.14	0.13	0.25	1.01	(1.89)	3.51	(2.29)	18.42

Pool Corporate Management

Donna Williams	Chief Marketing Officer, General Manager - Sales, Marketing & Product Management	Profile
Carolyne Large	Vice Marketing	Profile
Kristopher Neff	Vice Development	Profile
Luther Willems	VP Officer	Profile
Walker Saik	Chief Controller	Profile

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