Carters Correlations

CRI Stock

USD 31.80 0.12 0.38%

The current 90-days correlation between Carters and Biglari Holdings is 0.13 (i.e., Average 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 weak diversification

The correlation between Carters and DJI is 0.58 (i.e., Very weak 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 population.

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

Moving together with Carters Stock

0.69	RL	Ralph Lauren Corp	Pair Corr
0.64	VFC	VF Corporation	Pair Corr

Moving against Carters Stock

0.57	DOGZ	Dogness International	Pair Corr
0.57	WLDS	Wearable Devices	Pair Corr
0.47	UA	Under Armour C	Pair Corr
0.42	VEEE	Twin Vee Powercats	Pair Corr
0.38	EZGO	EZGO Technologies	Pair Corr
0.65	UHG	United Homes Group	Pair Corr
0.36	KTB	Kontoor Brands	Pair Corr
0.36	MBC	MasterBrand	Pair Corr
0.34	UAA	Under Armour A	Pair Corr
0.33	HMR	Heidmar Maritime Holdings	Pair Corr
0.31	JXG	JX Luxventure Limited	Pair Corr

Related Correlations Analysis

	BH	GIII	LOT	HDL	LVWR	GRBK	LEG	THRM	GES
BH		-0.16	0.45	-0.23	0.71	-0.03	-0.2	0.16	-0.26	BH
GIII	-0.16		-0.59	-0.52	-0.16	-0.18	0.9	0.6	0.55	GIII
LOT	0.45	-0.59		0.51	0.57	0.63	-0.54	-0.42	-0.69	LOT
HDL	-0.23	-0.52	0.51		0.16	0.56	-0.41	-0.5	-0.39	HDL
LVWR	0.71	-0.16	0.57	0.16		0.26	-0.19	0.19	-0.2	LVWR
GRBK	-0.03	-0.18	0.63	0.56	0.26		-0.14	-0.14	-0.39	GRBK
LEG	-0.2	0.9	-0.54	-0.41	-0.19	-0.14		0.58	0.57	LEG
THRM	0.16	0.6	-0.42	-0.5	0.19	-0.14	0.58		0.62	THRM
GES	-0.26	0.55	-0.69	-0.39	-0.2	-0.39	0.57	0.62		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	+ 0.9	GIII
LVWR	+ 0.71	BH
GRBK	+ 0.63	LOT
GES	+ 0.62	THRM
THRM	+ 0.6	GIII
THRM	+ 0.58	LEG

High negative correlations

GES	- 0.69	LOT
LOT	- 0.59	GIII
LEG	- 0.54	LOT
HDL	- 0.52	GIII
THRM	- 0.5	HDL
THRM	- 0.42	LOT

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	1.68	0.13	0.04	0.23	2.51	(1.73)	3.60	(2.90)	12.48
GIII	1.52	0.11	0.07	0.17	1.62	(1.72)	3.85	(2.66)	9.17
LOT	2.77	(0.68)	0.00	(0.95)	0.00	0.00	4.10	(6.38)	29.19
HDL	1.33	(0.20)	0.00	(0.23)	0.00	0.00	2.79	(4.48)	9.69
LVWR	3.87	0.11	(0.01)	(0.04)	4.04	(4.48)	7.93	(6.03)	18.98
GRBK	1.52	(0.25)	0.00	(0.09)	0.00	0.00	3.53	(3.59)	10.07
LEG	2.02	0.29	0.14	0.38	1.84	(2.59)	3.84	(3.23)	20.61
THRM	1.49	0.15	0.04	(2.06)	1.62	(1.69)	3.22	(2.88)	11.66
GES	0.24	0.01	(0.19)	1.49	0.24	(0.28)	0.60	(0.42)	1.75

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