Costco Wholesale Correlations

CTO Stock

EUR 910.40 13.70 1.53%

The current 90-days correlation between Costco Wholesale Corp and Osisko Metals is 0.11 (i.e., Average 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

Significant diversification

The correlation between Costco Wholesale Corp and DJI is 0.09 (i.e., Significant 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.

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

0.77	APC	Apple Inc	Pair Corr
0.79	APC	Apple Inc	Pair Corr
0.78	APC	Apple Inc	Pair Corr
0.77	APC	Apple Inc	Pair Corr
0.88	MSF	Microsoft	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.87	MSF	Microsoft	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.88	MSF	Microsoft	Pair Corr
0.86	AMZ	Amazon Inc	Pair Corr
0.62	GIFN	GigaMedia	Pair Corr
0.82	OD7B	ETFS Coffee ETC	Pair Corr
0.78	C8C	Consolidated Communications	Pair Corr
0.7	CEK	CEOTRONICS Dusseldorf	Pair Corr
0.91	YC3	CONCORDIA FINL GROUP	Pair Corr
0.84	ZFI1	Zurich Insurance	Pair Corr
0.71	CFC	UET United Electronic	Pair Corr
0.93	MEC	Meiko Electronics	Pair Corr
0.92	HEI	Heidelberg Materials	Pair Corr
0.82	AZ5	AUTOZONE Dusseldorf	Pair Corr
0.95	FOO	Salesforce	Pair Corr
0.74	KEL	Kellogg Company	Pair Corr
0.88	BOV	Apyx Medical Corp	Pair Corr

Moving against Costco Stock

0.8	PQ9	BANK MANDIRI	Pair Corr
0.78	BYRA	PT Bank Rakyat	Pair Corr
0.72	BYRA	BANK RAKYAT IND	Pair Corr
0.71	PQ9	PT Bank Mandiri	Pair Corr
0.7	PQ9	BANK MANDIRI	Pair Corr
0.69	BYRA	BANK RAKYAT IND	Pair Corr
0.64	PQ9	BANK MANDIRI	Pair Corr
0.47	BYRA	PT Bank Rakyat	Pair Corr
0.55	BZG2	BANK CENTRAL ASIA Earnings Call This Week	Pair Corr
0.47	BZG2	BANK CENTRAL ASIA Earnings Call This Week	Pair Corr

Related Correlations Analysis

	0B51	BED	GKD	9EV	SQE	AS7	7JZ
0B51		-0.13	0.63	0.69	0.49	-0.39	-0.86	0B51
BED	-0.13		-0.06	0.11	-0.01	-0.18	0.14	BED
GKD	0.63	-0.06		0.74	0.95	-0.56	-0.47	GKD
9EV	0.69	0.11	0.74		0.73	-0.57	-0.56	9EV
SQE	0.49	-0.01	0.95	0.73		-0.54	-0.33	SQE
AS7	-0.39	-0.18	-0.56	-0.57	-0.54		0.24	AS7
7JZ	-0.86	0.14	-0.47	-0.56	-0.33	0.24		7JZ
	0B51	BED	GKD	9EV	SQE	AS7	7JZ

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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

SQE	+ 0.95	GKD
9EV	+ 0.74	GKD
SQE	+ 0.73	9EV
9EV	+ 0.69	0B51
GKD	+ 0.63	0B51
SQE	+ 0.49	0B51

High negative correlations

7JZ	- 0.86	0B51
AS7	- 0.57	9EV
7JZ	- 0.56	9EV
AS7	- 0.56	GKD
AS7	- 0.54	SQE
7JZ	- 0.47	GKD

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
0B51	2.49	0.48	0.08	5.43	2.34	(7.33)	7.14	(5.88)	18.38
BED	0.88	(0.03)	0.00	1.61	0.00	0.00	1.87	(2.06)	4.98
GKD	1.48	0.50	0.33	1.33	1.11	(1.95)	2.58	(1.92)	18.39
9EV	0.10	0.04	0.00	2.05	0.00	0.00	0.00	0.00	3.33
SQE	1.25	0.25	0.15	2.03	1.15	(1.73)	2.67	(2.17)	10.93
AS7	1.89	(0.26)	0.00	(1.21)	0.00	0.00	3.94	(3.91)	13.60
7JZ	2.69	(0.33)	0.00	(0.58)	0.00	0.00	6.31	(6.45)	15.41

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.

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