Carters Correlations

CRI Stock

USD 54.81 1.62 3.05%

The current 90-days correlation between Carters and Childrens Place is -0.05 (i.e., Good 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

Good diversification

The correlation between Carters and DJI is -0.01 (i.e., Good 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.

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 metropolitan statistical area.

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

Moving against Carters Stock

0.36

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Pair Corr

Related Correlations Analysis

	PLCE	GIL	OXM	COLM	PVH
PLCE		0.18	-0.47	-0.18	0.21	PLCE
GIL	0.18		0.3	0.3	-0.39	GIL
OXM	-0.47	0.3		0.59	0.01	OXM
COLM	-0.18	0.3	0.59		0.45	COLM
PVH	0.21	-0.39	0.01	0.45		PVH
	PLCE	GIL	OXM	COLM	PVH

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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

COLM	+ 0.59	OXM
PVH	+ 0.45	COLM
OXM	+ 0.3	GIL
COLM	+ 0.3	GIL
PVH	+ 0.21	PLCE
GIL	+ 0.18	PLCE

High negative correlations

OXM	- 0.47	PLCE
PVH	- 0.39	GIL
COLM	- 0.18	PLCE

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
PLCE	3.84	0.07	(0.01)	0.00	6.01	(4.10)	9.28	(7.56)	35.52
GIL	0.80	0.12	0.07	0.44	0.83	(0.86)	2.27	(1.38)	5.28
OXM	1.78	0.20	0.07	0.61	1.87	(2.32)	4.93	(2.80)	13.68
COLM	1.09	0.17	0.09	0.45	1.11	(1.13)	3.07	(2.08)	8.97
PVH	1.59	(0.04)	(0.03)	(0.01)	2.30	(1.64)	3.68	(3.54)	11.31

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