Buckle Correlations

BKE Stock

USD 48.41 1.13 2.39%

The current 90-days correlation between Buckle Inc and Liquidity Services is -0.05 (i.e., Good diversification). The correlation of Buckle 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.

Buckle Correlation With Market

Modest diversification

The correlation between Buckle Inc and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buckle Inc 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 Buckle Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Buckle Stock

0.83	AN	AutoNation	Pair Corr
0.63	LB	LandBridge Company	Pair Corr
0.81	RH	RH	Pair Corr
0.9	VSCO	Victorias Secret	Pair Corr
0.77	ETSY	Etsy Inc	Pair Corr
0.74	WINA	Winmark	Pair Corr
0.89	WRBY	Warby Parker Downward Rally	Pair Corr
0.62	FIVE	Five Below	Pair Corr
0.86	AAP	Advance Auto Parts	Pair Corr
0.65	ABG	Asbury Automotive	Pair Corr
0.68	AZO	AutoZone	Pair Corr
0.61	BBW	Build A Bear	Pair Corr

Moving against Buckle Stock

0.8	DIBS	1StdibsCom	Pair Corr
0.75	EDUC	Educational Development	Pair Corr
0.68	VIPS	Vipshop Holdings	Pair Corr
0.68	EVGO	Evgo Inc Downward Rally	Pair Corr
0.67	JD	JD Inc Adr Buyout Trend	Pair Corr
0.65	LE	Lands End	Pair Corr
0.63	BQ	Boqii Holding Limited	Pair Corr
0.57	DLTH	Duluth Holdings	Pair Corr
0.5	FL	Foot Locker	Pair Corr
0.5	DXLG	Destination XL Group	Pair Corr
0.49	YJ	Yunji Inc	Pair Corr
0.42	JL	J Long Group	Pair Corr
0.93	BGI	Birks Group	Pair Corr
0.69	AKA	AKA Brands Holding	Pair Corr
0.69	XELB	Xcel Brands	Pair Corr
0.66	BBY	Best Buy	Pair Corr
0.65	AEO	American Eagle Outfitters	Pair Corr
0.52	CAL	Continental	Pair Corr
0.36	FLWS	1 800 FLOWERSCOM	Pair Corr

Related Correlations Analysis

	QRTEB	HOUR	DTC	DIBS	NHTC	LQDT	EMCMF	GLBE	ETSY	CHWY
QRTEB		-0.43	0.64	0.77	0.55	-0.79	-0.44	-0.69	-0.34	-0.79	QRTEB
HOUR	-0.43		-0.46	-0.41	-0.52	0.6	0.27	0.45	0.03	0.5	HOUR
DTC	0.64	-0.46		0.82	0.76	-0.74	-0.44	-0.75	-0.38	-0.68	DTC
DIBS	0.77	-0.41	0.82		0.75	-0.81	-0.32	-0.86	-0.56	-0.75	DIBS
NHTC	0.55	-0.52	0.76	0.75		-0.84	-0.34	-0.84	-0.58	-0.57	NHTC
LQDT	-0.79	0.6	-0.74	-0.81	-0.84		0.5	0.82	0.5	0.8	LQDT
EMCMF	-0.44	0.27	-0.44	-0.32	-0.34	0.5		0.39	0.08	0.51	EMCMF
GLBE	-0.69	0.45	-0.75	-0.86	-0.84	0.82	0.39		0.74	0.79	GLBE
ETSY	-0.34	0.03	-0.38	-0.56	-0.58	0.5	0.08	0.74		0.46	ETSY
CHWY	-0.79	0.5	-0.68	-0.75	-0.57	0.8	0.51	0.79	0.46		CHWY
	QRTEB	HOUR	DTC	DIBS	NHTC	LQDT	EMCMF	GLBE	ETSY	CHWY

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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

DIBS	+ 0.82	DTC
GLBE	+ 0.82	LQDT
CHWY	+ 0.8	LQDT
CHWY	+ 0.79	GLBE
DIBS	+ 0.77	QRTEB
NHTC	+ 0.76	DTC

High negative correlations

GLBE	- 0.86	DIBS
GLBE	- 0.84	NHTC
LQDT	- 0.84	NHTC
LQDT	- 0.81	DIBS
CHWY	- 0.79	QRTEB
LQDT	- 0.79	QRTEB

Risk-Adjusted Indicators

There is a big difference between Buckle Stock performing well and Buckle 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 Buckle'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
QRTEB	3.82	(0.44)	0.00	(0.63)	0.00	0.00	9.00	(9.93)	25.39
HOUR	8.14	2.29	0.32	10.33	5.44	(12.11)	12.33	(12.64)	228.92
DTC	2.71	(0.30)	0.00	(0.25)	0.00	0.00	6.72	(5.60)	19.35
DIBS	1.79	(0.31)	0.00	(0.52)	0.00	0.00	2.98	(4.99)	13.01
NHTC	1.97	(0.25)	0.00	(0.53)	0.00	0.00	4.52	(4.43)	11.64
LQDT	1.95	0.72	0.31	0.85	1.66	(2.25)	4.20	(2.94)	37.17
EMCMF	67.38	33.36	0.00	0.98	0.00	0.00	0.00	0.00	1,992
GLBE	1.60	0.60	0.34	1.23	1.17	(1.82)	4.27	(2.90)	15.85
ETSY	1.80	0.11	0.04	0.20	2.38	(1.81)	4.46	(4.47)	14.29
CHWY	2.04	0.41	0.16	0.59	2.10	(2.25)	5.10	(3.51)	16.46

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