Tractor Supply Correlations

TSCO Stock

USD 59.62 0.64 1.09%

The current 90-days correlation between Tractor Supply and AutoZone is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tractor Supply moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tractor Supply moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tractor Supply Correlation With Market

Weak diversification

The correlation between Tractor Supply and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tractor Supply and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tractor Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tractor Supply. 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 Tractor Stock, please use our How to Invest in Tractor Supply guide.

Moving together with Tractor Stock

0.61	M	Macys Inc Earnings Call This Week	Pair Corr
0.78	W	Wayfair	Pair Corr
0.62	DIBS	1StdibsCom	Pair Corr
0.83	AN	AutoNation Earnings Call This Week	Pair Corr
0.65	JL	J Long Group	Pair Corr
0.89	LE	Lands End	Pair Corr
0.67	YJ	Yunji Inc	Pair Corr
0.74	DLTH	Duluth Holdings	Pair Corr
0.68	VIPS	Vipshop Holdings	Pair Corr
0.62	DXLG	Destination XL Group	Pair Corr
0.62	FIVE	Five Below	Pair Corr
0.65	AAP	Advance Auto Parts	Pair Corr
0.73	ABG	Asbury Automotive Earnings Call This Week	Pair Corr
0.78	ANF	Abercrombie Fitch	Pair Corr
0.85	ASO	Academy Sports Outdoors	Pair Corr
0.72	BKE	Buckle Inc	Pair Corr
0.76	FND	Floor Decor Holdings Earnings Call This Week	Pair Corr

Moving against Tractor Stock

0.39	JD	JD Inc Adr Aggressive Push	Pair Corr
0.54	AZI	Autozi Internet Tech	Pair Corr
0.44	TJX	TJX Companies	Pair Corr
0.4	AEO	American Eagle Outfitters	Pair Corr
0.33	WOOF	Pet Acquisition LLC Trending	Pair Corr

Related Correlations Analysis

	AZO	AAP	GPC	FIVE	DKS	RH	BBY	ULTA	ORLY	WSM
AZO		0.07	0.57	0.12	-0.03	0.31	0.35	0.02	0.4	0.37	AZO
AAP	0.07		0.61	0.87	0.31	0.12	0.42	0.9	0.01	0.41	AAP
GPC	0.57	0.61		0.76	0.15	0.5	0.76	0.64	0.04	0.67	GPC
FIVE	0.12	0.87	0.76		0.31	0.39	0.64	0.95	-0.18	0.62	FIVE
DKS	-0.03	0.31	0.15	0.31		0.58	0.3	0.33	0.21	0.58	DKS
RH	0.31	0.12	0.5	0.39	0.58		0.74	0.26	-0.07	0.83	RH
BBY	0.35	0.42	0.76	0.64	0.3	0.74		0.49	-0.2	0.7	BBY
ULTA	0.02	0.9	0.64	0.95	0.33	0.26	0.49		-0.11	0.54	ULTA
ORLY	0.4	0.01	0.04	-0.18	0.21	-0.07	-0.2	-0.11		0.05	ORLY
WSM	0.37	0.41	0.67	0.62	0.58	0.83	0.7	0.54	0.05		WSM
	AZO	AAP	GPC	FIVE	DKS	RH	BBY	ULTA	ORLY	WSM

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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

ULTA	+ 0.95	FIVE
ULTA	+ 0.9	AAP
FIVE	+ 0.87	AAP
WSM	+ 0.83	RH
FIVE	+ 0.76	GPC
BBY	+ 0.76	GPC

High negative correlations

ORLY	- 0.2	BBY
ORLY	- 0.18	FIVE
ORLY	- 0.11	ULTA
ORLY	- 0.07	RH
DKS	- 0.03	AZO

Risk-Adjusted Indicators

There is a big difference between Tractor Stock performing well and Tractor Supply 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 Tractor Supply'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
AZO	1.06	0.04	(0.10)	10.34	1.21	(1.13)	2.48	(2.00)	6.66
AAP	3.41	1.37	0.34	(1.53)	2.47	(4.45)	6.28	(4.78)	65.27
GPC	1.09	0.14	(0.03)	(2.27)	1.08	(1.27)	2.80	(2.00)	6.45
FIVE	2.39	1.45	0.67	(1.25)	0.73	(3.06)	7.64	(2.44)	24.69
DKS	2.05	0.39	0.03	(0.45)	3.08	(2.16)	4.15	(3.52)	25.87
RH	2.99	0.46	0.06	(0.75)	3.19	(3.36)	6.39	(5.49)	23.92
BBY	1.80	0.24	0.00	(0.33)	2.02	(2.08)	3.93	(2.98)	13.84
ULTA	1.24	0.45	0.37	0.85	0.47	(1.53)	3.51	(1.58)	13.36
ORLY	1.08	0.03	(0.08)	0.32	1.18	(1.16)	2.05	(2.04)	5.63
WSM	1.67	0.15	0.14	0.26	1.45	(2.02)	3.72	(2.52)	12.90

Tractor Supply Corporate Management

Jonathan Estep	Executive Officer	Profile
Matthew Rubin	Senior Petsense	Profile
Robert Mills	Digital Technology	Profile
Kimberley Gardiner	Senior Officer	Profile

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