Card Factory Correlations

CRFCF Stock

USD 1.15 0.00 0.00%

The current 90-days correlation between Card Factory plc and Pet Acquisition LLC is -0.02 (i.e., Good diversification). The correlation of Card Factory 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.

Card Factory Correlation With Market

Good diversification

The correlation between Card Factory plc and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Card Factory plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Card Pink Sheet

0.73	VLY	Valley National Bancorp	Pair Corr
0.64	BRK-A	Berkshire Hathaway	Pair Corr
0.64	BRK-B	Berkshire Hathaway	Pair Corr
0.62	TD	Toronto Dominion Bank Earnings Call This Week	Pair Corr
0.53	RNAZ	Transcode Therapeutics	Pair Corr
0.5	GPC	Genuine Parts	Pair Corr
0.45	TSCO	Tractor Supply	Pair Corr
0.32	BBY	Best Buy	Pair Corr

Related Correlations Analysis

	ULTA	WSM	DKS	BBY	AZO	RH	WOOF
ULTA		0.65	0.72	-0.47	0.75	0.71	-0.15	ULTA
WSM	0.65		0.89	-0.71	0.79	0.94	-0.39	WSM
DKS	0.72	0.89		-0.62	0.79	0.88	-0.54	DKS
BBY	-0.47	-0.71	-0.62		-0.56	-0.72	0.54	BBY
AZO	0.75	0.79	0.79	-0.56		0.79	-0.21	AZO
RH	0.71	0.94	0.88	-0.72	0.79		-0.45	RH
WOOF	-0.15	-0.39	-0.54	0.54	-0.21	-0.45		WOOF
	ULTA	WSM	DKS	BBY	AZO	RH	WOOF

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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

RH	+ 0.94	WSM
DKS	+ 0.89	WSM
RH	+ 0.88	DKS
AZO	+ 0.79	WSM
AZO	+ 0.79	DKS
RH	+ 0.79	AZO

High negative correlations

RH	- 0.72	BBY
BBY	- 0.71	WSM
BBY	- 0.62	DKS
AZO	- 0.56	BBY
WOOF	- 0.54	DKS
BBY	- 0.47	ULTA

Risk-Adjusted Indicators

There is a big difference between Card Pink Sheet performing well and Card Factory 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 Card Factory'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
ULTA	1.61	0.16	0.06	4.36	1.56	(1.93)	4.23	(3.16)	12.40
WSM	2.03	0.70	0.33	1.18	1.56	(2.47)	3.43	(3.07)	33.66
DKS	1.66	0.22	0.10	0.44	1.75	(1.88)	3.92	(2.73)	9.12
BBY	1.34	(0.12)	0.00	(0.26)	0.00	0.00	2.90	(2.96)	8.78
AZO	1.02	0.08	0.03	0.43	0.99	(1.12)	2.15	(1.72)	6.89
RH	2.33	0.37	0.15	0.55	2.22	(2.83)	5.50	(3.72)	23.92
WOOF	3.53	(0.35)	0.00	(0.59)	0.00	0.00	7.68	(6.76)	25.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Card Factory 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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Card Factory Corporate Management

John Smith	Getting Director	Profile
Helen Lockwood	HR Director	Profile
Andrew Wasley	Printcraft Director	Profile
Kristian Lee	CFO Director	Profile
Glyn Williams	Customer Director	Profile
Christopher Beck	Supply Director	Profile
Pierre Hyde	Strategy Director	Profile

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