Barnes Noble Correlations

BNED Stock

USD 10.34 0.43 4.34%

The current 90-days correlation between Barnes Noble Education and Sportsmans is 0.14 (i.e., Average diversification). The correlation of Barnes Noble 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.

Barnes Noble Correlation With Market

Modest diversification

The correlation between Barnes Noble Education and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barnes Noble Education 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 Barnes Noble Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Barnes Stock

0.77	FL	Foot Locker Earnings Call This Week	Pair Corr
0.61	VC	Visteon Corp	Pair Corr
0.7	ALV	Autoliv	Pair Corr

Moving against Barnes Stock

0.74	HD	Home Depot	Pair Corr
0.67	PLCE	Childrens Place	Pair Corr
0.61	PDD	PDD Holdings Earnings Call Tomorrow	Pair Corr
0.53	TTSH	Tile Shop Holdings	Pair Corr
0.51	KIRK	Kirklands Earnings Call This Week	Pair Corr
0.39	BC	Brunswick	Pair Corr
0.32	RMBL	RumbleON	Pair Corr
0.62	MBC	MasterBrand	Pair Corr
0.57	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.56	AGS	PlayAGS	Pair Corr
0.52	MSN	Emerson Radio	Pair Corr
0.51	EVRI	Everi Holdings	Pair Corr
0.5	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.5	WEN	The Wendys	Pair Corr
0.43	QSR	Restaurant Brands	Pair Corr
0.38	DRI	Darden Restaurants	Pair Corr
0.36	EAT	Brinker International	Pair Corr

Related Correlations Analysis

	SPWH	HZO	BBW	LESL	SBH	TCS	EYE	FRG	ODP	FLWS
SPWH		0.5	0.04	-0.25	0.2	0.27	-0.18	0.13	0.48	-0.03	SPWH
HZO	0.5		-0.37	0.07	0.45	0.37	0.18	0.1	0.04	0.12	HZO
BBW	0.04	-0.37		-0.05	0.09	-0.64	0.22	0.26	0.02	0.02	BBW
LESL	-0.25	0.07	-0.05		0.08	-0.21	0.41	0.08	-0.33	0.0	LESL
SBH	0.2	0.45	0.09	0.08		-0.16	0.47	0.17	-0.01	0.21	SBH
TCS	0.27	0.37	-0.64	-0.21	-0.16		-0.6	-0.37	0.45	0.13	TCS
EYE	-0.18	0.18	0.22	0.41	0.47	-0.6		0.25	-0.5	0.21	EYE
FRG	0.13	0.1	0.26	0.08	0.17	-0.37	0.25		-0.4	-0.63	FRG
ODP	0.48	0.04	0.02	-0.33	-0.01	0.45	-0.5	-0.4		0.11	ODP
FLWS	-0.03	0.12	0.02	0.0	0.21	0.13	0.21	-0.63	0.11		FLWS
	SPWH	HZO	BBW	LESL	SBH	TCS	EYE	FRG	ODP	FLWS

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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

HZO	+ 0.5	SPWH
ODP	+ 0.48	SPWH
EYE	+ 0.47	SBH
SBH	+ 0.45	HZO
ODP	+ 0.45	TCS
EYE	+ 0.41	LESL

High negative correlations

TCS	- 0.64	BBW
FLWS	- 0.63	FRG
EYE	- 0.6	TCS
ODP	- 0.5	EYE
ODP	- 0.4	FRG
FRG	- 0.37	TCS

Risk-Adjusted Indicators

There is a big difference between Barnes Stock performing well and Barnes Noble 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 Barnes Noble'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
SPWH	3.64	(0.16)	0.00	(0.01)	0.00	0.00	9.09	(6.25)	17.82
HZO	2.47	(0.30)	(0.02)	0.02	2.79	(2.89)	6.01	(4.71)	18.16
BBW	2.31	0.33	0.16	0.35	2.01	(2.71)	5.24	(4.23)	20.72
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
TCS	8.35	(1.41)	0.00	(0.41)	0.00	0.00	17.77	(17.43)	106.47
EYE	1.85	0.16	0.04	0.45	1.90	(2.13)	4.82	(2.84)	10.35
FRG	0.56	0.07	(0.05)	0.69	0.55	(0.69)	1.76	(1.19)	5.13
ODP	1.61	(0.02)	0.00	0.18	0.00	0.00	2.98	(3.73)	15.70
FLWS	1.92	(0.38)	0.00	(0.11)	0.00	0.00	3.87	(3.95)	17.33

Barnes Noble Corporate Management

David Golden	Independent Director	Profile
David Henderson	Executive Vice President - Strategic Services and Presidentident - MBS Textbook Exchange, LLC	Profile
Maureen Paradine	Chief Human Resource Officer, Senior Vice President	Profile
David Wilson	Independent Director	Profile
Daniel DeMatteo	Independent Director	Profile
Suzanne Andrews	VP Officer	Profile

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