BJs Wholesale Related Correlations

BJ Stock  USD 75.65  0.84  1.10%   
Generate correlation matrix for BJs Wholesale and other related equities to check the degree to which BJs Wholesale Club price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for BJs Wholesale Club. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BJs Wholesale Club. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.
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Is BJs Wholesale's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BJs Wholesale. If investors know BJs will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BJs Wholesale listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.144
Earnings Share
3.88
Revenue Per Share
150.087
Quarterly Revenue Growth
0.087
Return On Assets
0.0781
The market value of BJs Wholesale Club is measured differently than its book value, which is the value of BJs that is recorded on the company's balance sheet. Investors also form their own opinion of BJs Wholesale's value that differs from its market value or its book value, called intrinsic value, which is BJs Wholesale's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BJs Wholesale's market value can be influenced by many factors that don't directly affect BJs Wholesale's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BJs Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine if BJs Wholesale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BJs Wholesale's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

COTY
HGMCF
EFRMF
EML
WHTGF
MTEX
COTY
-0.320.0-0.270.00.1
COTY
HGMCF
-0.320.00.730.0-0.1
HGMCF
EFRMF
0.00.00.00.00.0
EFRMF
EML
-0.270.730.00.00.07
EML
WHTGF
0.00.00.00.00.0
WHTGF
MTEX
0.1-0.10.00.070.0
MTEX
COTY
HGMCF
EFRMF
EML
WHTGF
MTEX
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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   
EMLHGMCF
MTEXCOTY
MTEXEML
EFRMFCOTY
WHTGFCOTY
EFRMFHGMCF
  
High negative correlations   
HGMCFCOTY
EMLCOTY
MTEXHGMCF
MTEXWHTGF
WHTGFEML
MTEXEFRMF

Risk-Adjusted Indicators

There is a big difference between BJs Stock performing well and BJs Wholesale 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 BJs Wholesale'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.