BURLINGTON STORES Correlations

BUI Stock

EUR 240.00 0.00 0.00%

The current 90-days correlation between BURLINGTON STORES and DANAHER is -0.02 (i.e., Good diversification). The correlation of BURLINGTON STORES 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.

BURLINGTON STORES Correlation With Market

Weak diversification

The correlation between BURLINGTON STORES and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BURLINGTON STORES and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BURLINGTON STORES could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BURLINGTON STORES 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 BURLINGTON STORES - 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 BURLINGTON STORES to buy it.

Moving together with BURLINGTON Stock

0.61	4I1	Philip Morris Intern	Pair Corr
0.61	7FW	TELLUSGRUPPEN AB	Pair Corr

Moving against BURLINGTON Stock

0.57	BNB	BAYAN RESOURCES Earnings Call This Week	Pair Corr
0.56	BNB	BAYAN RESOURCES Earnings Call Tomorrow	Pair Corr
0.48	QCI	QUALCOMM	Pair Corr
0.39	ABL	Abbott Laboratories	Pair Corr
0.31	777	EUROSPORTS GLOBAL LTD	Pair Corr

Related Correlations Analysis

	RHO	ABL	DAP	QCI	6MK	NOT	NOT	AMD	4I1	W8V
RHO		-0.8	-0.57	-0.84	0.91	0.97	0.97	-0.11	0.95	0.37	RHO
ABL	-0.8		0.56	0.81	-0.62	-0.76	-0.76	-0.21	-0.79	-0.32	ABL
DAP	-0.57	0.56		0.69	-0.49	-0.61	-0.6	0.41	-0.53	-0.29	DAP
QCI	-0.84	0.81	0.69		-0.77	-0.83	-0.83	0.03	-0.91	-0.48	QCI
6MK	0.91	-0.62	-0.49	-0.77		0.91	0.9	-0.28	0.88	0.4	6MK
NOT	0.97	-0.76	-0.61	-0.83	0.91		0.99	-0.16	0.92	0.36	NOT
NOT	0.97	-0.76	-0.6	-0.83	0.9	0.99		-0.15	0.93	0.36	NOT
AMD	-0.11	-0.21	0.41	0.03	-0.28	-0.16	-0.15		-0.04	-0.07	AMD
4I1	0.95	-0.79	-0.53	-0.91	0.88	0.92	0.93	-0.04		0.41	4I1
W8V	0.37	-0.32	-0.29	-0.48	0.4	0.36	0.36	-0.07	0.41		W8V
	RHO	ABL	DAP	QCI	6MK	NOT	NOT	AMD	4I1	W8V

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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

NOT	+ 0.99	NOT
NOT	+ 0.97	RHO
NOT	+ 0.97	RHO
4I1	+ 0.95	RHO
4I1	+ 0.93	NOT
4I1	+ 0.92	NOT

High negative correlations

4I1	- 0.91	QCI
QCI	- 0.84	RHO
NOT	- 0.83	QCI
NOT	- 0.83	QCI
ABL	- 0.8	RHO
4I1	- 0.79	ABL

Risk-Adjusted Indicators

There is a big difference between BURLINGTON Stock performing well and BURLINGTON STORES 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 BURLINGTON STORES'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
RHO	0.93	0.26	0.14	0.78	1.26	(1.06)	2.24	(2.06)	8.07
ABL	1.10	(0.12)	0.00	0.25	0.00	0.00	1.95	(2.11)	14.56
DAP	1.24	(0.05)	0.00	0.23	0.00	0.00	2.32	(2.98)	8.54
QCI	1.48	(0.16)	0.00	1.11	0.00	0.00	1.95	(2.57)	12.93
6MK	1.28	0.40	0.17	(1.04)	1.27	(1.48)	3.38	(2.23)	8.41
NOT	0.93	0.27	0.20	0.92	0.71	(1.09)	2.70	(1.41)	5.41
NOT	0.83	0.32	0.28	(5.90)	0.35	(1.08)	2.10	(1.18)	4.95
AMD	2.71	(0.06)	0.00	0.28	0.00	0.00	6.33	(5.57)	24.55
4I1	1.12	0.33	0.14	(1.23)	1.15	(1.26)	2.89	(2.55)	7.67
W8V	1.53	0.08	0.01	0.28	2.75	(3.29)	2.08	(2.04)	24.03

Be your own money manager

Our tools can tell you how much better you can do entering a position in BURLINGTON STORES 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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