Walmart Correlations

WMT Stock

USD 115.11 0.27 0.24%

The current 90-days correlation between Walmart and BJs Wholesale Club is 0.29 (i.e., Modest diversification). The correlation of Walmart 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.

Walmart Correlation With Market

Significant diversification

The correlation between Walmart and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walmart and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Walmart Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walmart. 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.

For more information on how to buy Walmart Stock please use our How to Invest in Walmart guide.

Moving together with Walmart Stock

0.72	DG	Dollar General Buyout Trend	Pair Corr
0.65	IMKTA	Ingles Markets	Pair Corr

Moving against Walmart Stock

0.46	YI	111 Inc	Pair Corr
0.43	HITI	High Tide	Pair Corr
0.42	MSS	Maison Solutions	Pair Corr
0.4	GO	Grocery Outlet Holding	Pair Corr
0.4	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.32	DTCK	Davis Commodities	Pair Corr
0.74	HWIN	Hometown International	Pair Corr
0.44	HITI	High Tide	Pair Corr
0.4	WNW	Meiwu Technology	Pair Corr
0.38	GCL	Colabor Group	Pair Corr
0.36	COL	Coles Group	Pair Corr
0.35	603939	Yifeng Pharmacy	Pair Corr
0.32	603031	Anhui Andeli Department	Pair Corr
0.8	MTS	Metcash	Pair Corr
0.61	601933	Yonghui Superstores	Pair Corr
0.5	002727	Yunnan Hongxiang Yix	Pair Corr
0.44	NGVC	Natural Grocers by	Pair Corr
0.34	ANIKINDS	Anik Industries	Pair Corr

Related Correlations Analysis

	BJ	DG	GO	KR	YI	DLTR	DTCK	MRU	WBUY	HITI
BJ		0.17	0.61	0.31	0.78	-0.13	-0.2	-0.19	0.44	0.44	BJ
DG	0.17		-0.18	-0.02	-0.12	0.69	-0.32	0.53	-0.26	-0.36	DG
GO	0.61	-0.18		0.33	0.88	-0.65	-0.05	-0.7	0.9	0.85	GO
KR	0.31	-0.02	0.33		0.21	-0.27	-0.49	0.06	0.14	0.18	KR
YI	0.78	-0.12	0.88	0.21		-0.45	0.01	-0.53	0.75	0.68	YI
DLTR	-0.13	0.69	-0.65	-0.27	-0.45		0.07	0.73	-0.74	-0.79	DLTR
DTCK	-0.2	-0.32	-0.05	-0.49	0.01	0.07		-0.18	-0.06	-0.06	DTCK
MRU	-0.19	0.53	-0.7	0.06	-0.53	0.73	-0.18		-0.83	-0.85	MRU
WBUY	0.44	-0.26	0.9	0.14	0.75	-0.74	-0.06	-0.83		0.94	WBUY
HITI	0.44	-0.36	0.85	0.18	0.68	-0.79	-0.06	-0.85	0.94		HITI
	BJ	DG	GO	KR	YI	DLTR	DTCK	MRU	WBUY	HITI

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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

HITI	+ 0.94	WBUY
WBUY	+ 0.9	GO
YI	+ 0.88	GO
HITI	+ 0.85	GO
YI	+ 0.78	BJ
WBUY	+ 0.75	YI

High negative correlations

HITI	- 0.85	MRU
WBUY	- 0.83	MRU
HITI	- 0.79	DLTR
WBUY	- 0.74	DLTR
MRU	- 0.7	GO
DLTR	- 0.65	GO

Risk-Adjusted Indicators

There is a big difference between Walmart Stock performing well and Walmart 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 Walmart'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	1.20	(0.12)	0.00	(0.16)	0.00	0.00	2.83	(2.67)	7.06
DG	1.60	0.29	0.13	0.55	1.74	(1.79)	3.66	(3.56)	7.31
GO	1.97	(0.73)	0.00	(1.10)	0.00	0.00	2.79	(5.74)	12.67
KR	1.11	(0.11)	0.00	1.73	0.00	0.00	2.35	(2.44)	7.83
YI	2.05	(0.58)	0.00	(1.25)	0.00	0.00	3.29	(5.94)	12.38
DLTR	1.85	0.22	0.13	0.22	1.69	(2.05)	3.87	(3.01)	8.54
DTCK	9.77	0.40	0.03	0.23	17.25	(10.66)	24.31	(22.00)	144.78
MRU	0.78	0.06	(0.02)	(0.25)	0.99	(0.81)	1.56	(1.76)	4.96
WBUY	4.23	(0.41)	0.00	(3.72)	0.00	0.00	10.77	(8.92)	51.83
HITI	2.52	(0.29)	0.00	3.80	0.00	0.00	8.00	(5.24)	18.27

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