Costco Wholesale Correlations
| CTO Stock | EUR 909.00 15.00 1.62% |
The current 90-days correlation between Costco Wholesale Corp and Siamgas And Petrochemicals is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Costco Wholesale Correlation With Market
Weak diversification
The correlation between Costco Wholesale Corp and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Costco Wholesale Corp and DJI in the same portfolio, assuming nothing else is changed.
Costco |
The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale 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 Costco Wholesale - 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 Costco Wholesale Corp to buy it.
Moving together with Costco Stock
| 0.63 | APC | Apple Inc | PairCorr |
| 0.64 | APC | Apple Inc | PairCorr |
| 0.65 | APC | Apple Inc | PairCorr |
| 0.68 | MSF | Microsoft | PairCorr |
| 0.66 | MSF | Microsoft | PairCorr |
| 0.66 | MSF | Microsoft | PairCorr |
| 0.66 | MSF | Microsoft | PairCorr |
| 0.69 | MSF | Microsoft | PairCorr |
| 0.81 | AMZ | Amazon Inc | PairCorr |
| 0.87 | ADH2 | Air Canada | PairCorr |
Moving against Costco Stock
| 0.66 | MTO | METTLER TOLEDO INTL | PairCorr |
| 0.66 | MTO | Mitie Group PLC | PairCorr |
| 0.65 | MTO | METTLER TOLEDO INTL | PairCorr |
| 0.5 | CXT | Carmat SA | PairCorr |
Related Correlations Analysis
| -0.65 | 0.19 | -0.84 | -0.19 | 0.09 | -0.92 | MSI | ||
| -0.65 | 0.3 | 0.76 | 0.3 | 0.41 | 0.74 | JJ1 | ||
| 0.19 | 0.3 | 0.15 | 0.41 | 0.52 | 0.1 | MUG | ||
| -0.84 | 0.76 | 0.15 | 0.47 | 0.06 | 0.94 | UN3 | ||
| -0.19 | 0.3 | 0.41 | 0.47 | 0.13 | 0.36 | 4QVA | ||
| 0.09 | 0.41 | 0.52 | 0.06 | 0.13 | 0.03 | SUI | ||
| -0.92 | 0.74 | 0.1 | 0.94 | 0.36 | 0.03 | CM2 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Costco Stock performing well and Costco Wholesale 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 Costco Wholesale'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSI | 1.08 | (0.10) | 0.00 | (0.23) | 0.00 | 1.92 | 7.43 | |||
| JJ1 | 0.62 | 0.00 | (0.06) | 0.12 | 0.68 | 1.33 | 5.69 | |||
| MUG | 1.05 | 0.09 | 0.00 | 0.47 | 1.19 | 2.38 | 8.42 | |||
| UN3 | 2.63 | 0.98 | 0.30 | 1.77 | 2.35 | 5.66 | 41.87 | |||
| 4QVA | 2.60 | 0.04 | 0.02 | 0.15 | 3.12 | 6.25 | 23.61 | |||
| SUI | 0.71 | 0.06 | (0.06) | (1.06) | 0.67 | 1.48 | 6.83 | |||
| CM2 | 1.54 | 0.44 | 0.26 | 0.55 | 1.18 | 3.63 | 18.09 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Costco Wholesale 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.Did you try this?
Run Piotroski F Score Now
Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
| All Next | Launch Module |