Correlation Between Interactive Strength and BJs Wholesale

Can any of the company-specific risk be diversified away by investing in both Interactive Strength and BJs Wholesale at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Interactive Strength and BJs Wholesale into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Interactive Strength Common and BJs Wholesale Club, you can compare the effects of market volatilities on Interactive Strength and BJs Wholesale and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Interactive Strength with a short position of BJs Wholesale. Check out your portfolio center. Please also check ongoing floating volatility patterns of Interactive Strength and BJs Wholesale.

Diversification Opportunities for Interactive Strength and BJs Wholesale

0.54

Correlation Coefficient

Interactive Strength  BJs Wholesale

Very weak diversification

The 3 months correlation between Interactive and BJs is 0.54. Overlapping area represents the amount of risk that can be diversified away by holding Interactive Strength Common and BJs Wholesale Club in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BJs Wholesale Club and Interactive Strength is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Interactive Strength Common are associated (or correlated) with BJs Wholesale. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BJs Wholesale Club has no effect on the direction of Interactive Strength i.e., Interactive Strength and BJs Wholesale go up and down completely randomly.

Pair Corralation between Interactive Strength and BJs Wholesale

Given the investment horizon of 90 days Interactive Strength Common is expected to under-perform the BJs Wholesale. In addition to that, Interactive Strength is 3.5 times more volatile than BJs Wholesale Club. It trades about -0.15 of its total potential returns per unit of risk. BJs Wholesale Club is currently generating about -0.06 per unit of volatility. If you would invest  9,975  in BJs Wholesale Club on September 13, 2025 and sell it today you would lose (659.00) from holding BJs Wholesale Club or give up 6.61% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Interactive Strength Common  vs.  BJs Wholesale Club

Interactive Strength

Risk-Adjusted Performance

Weakest

Over the last 90 days Interactive Strength Common has generated negative risk-adjusted returns adding no value to investors with long positions. Even with inconsistent performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in January 2026. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

BJs Wholesale Club

Risk-Adjusted Performance

Weakest

Over the last 90 days BJs Wholesale Club has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively steady forward-looking indicators, BJs Wholesale is not utilizing all of its potentials. The latest stock price chaos, may contribute to medium-term losses for the stakeholders.

Pair Trading with Interactive Strength and BJs Wholesale

The main advantage of trading using opposite Interactive Strength and BJs Wholesale positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Interactive Strength position performs unexpectedly, BJs Wholesale can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BJs Wholesale will offset losses from the drop in BJs Wholesale's long position.

The idea behind Interactive Strength Common and BJs Wholesale Club pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.