Build A Correlations

BBW Stock

USD 38.19 1.49 4.06%

The current 90-days correlation between Build A Bear and Big 5 Sporting is 0.15 (i.e., Average diversification). The correlation of Build A 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.

Build A Correlation With Market

Weak diversification

The correlation between Build A Bear Workshop and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Build A Bear Workshop and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Build A Bear Workshop. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Build Stock

0.69	HD	Home Depot	Pair Corr
0.73	LAD	Lithia Motors	Pair Corr
0.74	RMBL	RumbleON	Pair Corr
0.68	TTSH	Tile Shop Holdings	Pair Corr
0.89	EVRI	Everi Holdings	Pair Corr
0.75	FLXS	Flexsteel Industries	Pair Corr
0.89	AGS	PlayAGS	Pair Corr
0.65	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr

Moving against Build Stock

0.83	ARHS	Arhaus Inc	Pair Corr
0.73	FL	Foot Locker Earnings Call This Week	Pair Corr
0.71	HVT	Haverty Furniture	Pair Corr
0.55	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.54	VC	Visteon Corp	Pair Corr
0.53	AN	AutoNation	Pair Corr
0.49	FND	Floor Decor Holdings	Pair Corr
0.38	SNBR	Sleep Number Corp	Pair Corr
0.37	AEO	American Eagle Outfitters	Pair Corr
0.34	PAG	Penske Automotive	Pair Corr
0.83	SRI	Stoneridge	Pair Corr
0.74	LEA	Lear	Pair Corr
0.71	SUP	Superior Industries	Pair Corr
0.66	WING	Wingstop	Pair Corr
0.65	IGT	International Game	Pair Corr
0.59	LNW	Light Wonder	Pair Corr
0.52	ETD	Ethan Allen Interiors	Pair Corr
0.51	FOXF	Fox Factory Holding	Pair Corr
0.49	MHK	Mohawk Industries	Pair Corr
0.47	DAN	Dana Inc	Pair Corr

Related Correlations Analysis

	BGFV	LESL	SBH	CONN	HZO	WSM	AAP	FIVE	ORLY	SPWH
BGFV		-0.23	-0.09	0.4	0.48	0.22	0.06	0.35	-0.28	0.65	BGFV
LESL	-0.23		0.08	0.14	0.07	-0.12	0.13	-0.23	-0.1	-0.25	LESL
SBH	-0.09	0.08		-0.09	0.45	0.3	0.11	0.32	-0.02	0.2	SBH
CONN	0.4	0.14	-0.09		0.43	-0.09	0.58	-0.2	-0.88	0.05	CONN
HZO	0.48	0.07	0.45	0.43		0.33	0.24	0.38	-0.34	0.5	HZO
WSM	0.22	-0.12	0.3	-0.09	0.33		-0.12	0.35	-0.01	0.24	WSM
AAP	0.06	0.13	0.11	0.58	0.24	-0.12		-0.42	-0.37	-0.34	AAP
FIVE	0.35	-0.23	0.32	-0.2	0.38	0.35	-0.42		-0.03	0.84	FIVE
ORLY	-0.28	-0.1	-0.02	-0.88	-0.34	-0.01	-0.37	-0.03		-0.18	ORLY
SPWH	0.65	-0.25	0.2	0.05	0.5	0.24	-0.34	0.84	-0.18		SPWH
	BGFV	LESL	SBH	CONN	HZO	WSM	AAP	FIVE	ORLY	SPWH

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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

SPWH	+ 0.84	FIVE
SPWH	+ 0.65	BGFV
AAP	+ 0.58	CONN
SPWH	+ 0.5	HZO
HZO	+ 0.48	BGFV
HZO	+ 0.45	SBH

High negative correlations

ORLY	- 0.88	CONN
FIVE	- 0.42	AAP
ORLY	- 0.37	AAP
SPWH	- 0.34	AAP
ORLY	- 0.34	HZO
ORLY	- 0.28	BGFV

Risk-Adjusted Indicators

There is a big difference between Build Stock performing well and Build A 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 Build A'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
BGFV	2.97	(0.20)	0.00	(0.05)	0.00	0.00	4.69	(8.47)	25.47
LESL	3.90	0.08	0.02	0.18	4.59	(4.40)	9.42	(8.31)	32.83
SBH	1.81	(0.13)	(0.06)	0.01	1.84	(2.15)	4.25	(2.78)	12.66
CONN	7.71	(5.20)	0.00	(8.34)	0.00	0.00	10.49	(28.10)	62.98
HZO	2.47	(0.30)	(0.02)	0.02	2.79	(2.89)	6.01	(4.71)	18.16
WSM	2.08	0.45	0.17	1.85	1.74	(2.53)	3.43	(3.23)	29.00
AAP	2.29	(0.42)	0.00	(0.29)	0.00	0.00	5.17	(4.63)	15.49
FIVE	2.49	0.21	0.01	(0.35)	2.92	(2.74)	5.04	(4.34)	16.58
ORLY	0.83	0.03	0.00	0.16	0.89	(0.86)	1.40	(1.55)	7.77
SPWH	3.64	(0.16)	0.00	(0.01)	0.00	0.00	9.09	(6.25)	17.82

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