Walmart Correlations

Walmart Correlation With Market

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

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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    DG + 0.87 DLTR DLTR + 0.81 COST DG + 0.62 COST BJ + 0.22 COST BIG + 0.0 COST BIG + 0.0 DLTR

High negative correlations    TGT - 0.42 BJ TGT - 0.4 COST DG - 0.31 TGT TGT - 0.27 DLTR DG - 0.21 BJ BJ - 0.18 DLTR

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.