Carters Correlations

CRI Stock

USD 37.98 0.37 0.98%

The current 90-days correlation between Carters and Biglari Holdings is 0.24 (i.e., Modest diversification). The correlation of Carters 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.

Carters Correlation With Market

Very poor diversification

The correlation between Carters and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carters and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Carters Stock

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

For more detail on how to invest in Carters Stock please use our How to Invest in Carters guide.

Moving together with Carters Stock

0.92	MBC	MasterBrand	Pair Corr
0.87	UAA	Under Armour A Aggressive Push	Pair Corr
0.79	UHG	United Homes Group	Pair Corr
0.78	IFA	iFabric Corp	Pair Corr
0.86	SMSD	Samsung Electronics	Pair Corr
0.74	FMCB	Farmers Merchants Bancorp	Pair Corr
0.79	DAIUF	Daifuku Co Earnings Call Tomorrow	Pair Corr
0.84	FUWAF	Furukawa Electric	Pair Corr
0.8	WMT	Walmart Common Stock	Pair Corr
0.81	ENS	Enersys Earnings Call Today	Pair Corr
0.77	COMP	Compass Aggressive Push	Pair Corr
0.84	NTRS	Northern Trust	Pair Corr
0.68	KCDMY	Kimberly Clark de	Pair Corr
0.83	ALEEF	Alerio Gold Corp	Pair Corr
0.76	APETF	Alpha Esports Tech	Pair Corr
0.85	SECVY	Seche Environnement	Pair Corr

Moving against Carters Stock

0.81	AREB	American Rebel Holdings	Pair Corr
0.64	PVH	PVH Corp	Pair Corr
0.54	KTB	Kontoor Brands	Pair Corr
0.53	REE	Ree Automotive Holding	Pair Corr
0.51	SBDS	SBDS Symbol Change	Pair Corr
0.64	BROGF	BROGF	Pair Corr
0.51	NDEKY	Nitto Denko Corp	Pair Corr
0.35	IVVD	Invivyd Buyout Trend	Pair Corr

Related Correlations Analysis

	BH	GIII	LOT	HDL	LVWR	GRBK	LEG	THRM	GES
BH		0.19	0.07	-0.73	-0.71	0.71	0.68	0.07	-0.25	BH
GIII	0.19		-0.28	-0.23	0.01	0.34	0.66	0.18	-0.18	GIII
LOT	0.07	-0.28		-0.01	0.4	-0.41	-0.35	0.62	0.56	LOT
HDL	-0.73	-0.23	-0.01		0.49	-0.34	-0.53	-0.1	0.13	HDL
LVWR	-0.71	0.01	0.4	0.49		-0.8	-0.65	0.42	0.51	LVWR
GRBK	0.71	0.34	-0.41	-0.34	-0.8		0.78	-0.28	-0.55	GRBK
LEG	0.68	0.66	-0.35	-0.53	-0.65	0.78		-0.01	-0.38	LEG
THRM	0.07	0.18	0.62	-0.1	0.42	-0.28	-0.01		0.64	THRM
GES	-0.25	-0.18	0.56	0.13	0.51	-0.55	-0.38	0.64		GES
	BH	GIII	LOT	HDL	LVWR	GRBK	LEG	THRM	GES

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

LEG	+ 0.78	GRBK
GRBK	+ 0.71	BH
LEG	+ 0.68	BH
LEG	+ 0.66	GIII
GES	+ 0.64	THRM
THRM	+ 0.62	LOT

High negative correlations

GRBK	- 0.8	LVWR
HDL	- 0.73	BH
LVWR	- 0.71	BH
LEG	- 0.65	LVWR
GES	- 0.55	GRBK
LEG	- 0.53	HDL

Risk-Adjusted Indicators

There is a big difference between Carters Stock performing well and Carters 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 Carters' 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
BH	2.50	0.10	0.03	0.17	3.91	(2.50)	5.39	(4.09)	21.12
GIII	1.64	0.02	0.02	0.10	1.71	(1.92)	3.60	(2.66)	9.09
LOT	2.92	(0.42)	0.00	3.77	0.00	0.00	5.63	(6.38)	29.19
HDL	1.56	0.09	0.01	1.22	1.86	(1.95)	3.59	(4.37)	9.69
LVWR	4.61	(1.40)	0.00	(0.30)	0.00	0.00	7.50	(11.80)	25.77
GRBK	1.50	0.22	0.17	0.25	1.21	(1.92)	4.56	(1.97)	10.63
LEG	1.80	0.49	0.31	0.53	1.15	(2.31)	4.46	(2.86)	19.69
THRM	1.71	(0.32)	0.00	(0.11)	0.00	0.00	3.44	(3.10)	17.86
GES	16,479	8,986	258.33	(1.42)	0.00	(20,029)	0.54	(16.67)	280,833

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