Five Below Correlations

Stocks . Germany . 
Stock . Five Below
6F1 Stock  EUR 168.50  4.70  2.71%   
The current 90-days correlation between Five Below and VITEC SOFTWARE GROUP is 0.17 (i.e., Average diversification). The correlation of Five Below 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.

Five Below Correlation With Market

Almost no diversification

The correlation between Five Below and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Five Below and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Five Below could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Five Below when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Five Below - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Five Below to buy it.

Moving together with Five Stock

  0.74PQ9 BANK MANDIRIPairCorr
  0.71PQ9 BANK MANDIRIPairCorr
  0.83PQ9 BANK MANDIRIPairCorr
  0.72WDC WESTERN DIGITALPairCorr
  0.71HHX HAMMONIA SchiffsholdingPairCorr
  0.81WWR Woolworths GroupPairCorr
  0.89SWF Stanley Black DeckerPairCorr
  0.852OJ Roscan GoldPairCorr
  0.73FJZB ZIJIN MINH UNSPADR20PairCorr
  0.87943 FREY EO 250PairCorr
  0.766HS Horseshoe MetalsPairCorr
  0.855P8 Blue Foundry BancorpPairCorr
  0.671NX SANOK RUBBER ZYPairCorr
  0.84PKE Park Aerospace CorpPairCorr
  0.62WF3 Wesfarmers Limited Earnings Call This WeekPairCorr
  0.88TUI1 TUI AGPairCorr
  0.61LIN Linde plcPairCorr
  0.84MEL Meli Hotels InternationalPairCorr
  0.88UEO Westlake ChemicalPairCorr
  0.63RRJ RenaissanceRe HoldingsPairCorr
  0.763RB Reckitt Benckiser SplitPairCorr
  0.72X0 CortevaPairCorr
  0.67RWE RWE AGPairCorr

Moving against Five Stock

  0.78BDD CONICO LTD SplitPairCorr
  0.69BYRA BANK RAKYAT IND Earnings Call TodayPairCorr
  0.65BZG2 BANK CENTRAL ASIAPairCorr
  0.43BZG2 BANK CENTRAL ASIAPairCorr
  0.31BYRA BANK RAKYAT IND Earnings Call TodayPairCorr
  0.81DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis


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

16U
+ 0.77
7VS
CTO0
+ 0.72
FR70
FR7
+ 0.27
7VS
16U
+ 0.26
FR7
FR70
+ 0.25
PSAN
FR70
+ 0.22
FR7
  

High negative correlations

CTO0
- 0.72
7VS
FR70
- 0.56
16U
FR70
- 0.51
7VS
CTO0
- 0.44
16U
16U
- 0.35
PSAN
PSAN
- 0.25
7VS

Risk-Adjusted Indicators

There is a big difference between Five Stock performing well and Five Below 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 Five Below'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Five Below without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Five Below Corporate Management

Elected by the shareholders, the Five Below's board of directors comprises two types of representatives: Five Below inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Five. The board's role is to monitor Five Below's management team and ensure that shareholders' interests are well served. Five Below's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Five Below's outside directors are responsible for providing unbiased perspectives on the board's policies.
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