Culp Correlations

CULP Stock

USD 5.19 0.03 0.58%

The current 90-days correlation between Culp Inc and The Dixie Group is -0.17 (i.e., Good diversification). The correlation of Culp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Culp Correlation With Market

Modest diversification

The correlation between Culp Inc and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Culp Inc 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 Culp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Culp Stock

0.75	VEEE	Twin Vee Powercats	Pair Corr
0.62	VNCE	Vince Holding Corp	Pair Corr
0.63	BLD	Topbuild Corp	Pair Corr
0.61	CCS	Century Communities	Pair Corr
0.78	DFH	Dream Finders Homes	Pair Corr
0.61	DHI	DR Horton	Pair Corr
0.78	HAS	Hasbro Inc	Pair Corr
0.76	IBP	Installed Building	Pair Corr
0.65	LEN	Lennar Fiscal Year End 12th of December 2024	Pair Corr
0.7	MHO	MI Homes	Pair Corr

Moving against Culp Stock

0.43	VMAR	Vision Marine Techno	Pair Corr
0.32	FORD	Forward Industries	Pair Corr
0.5	MOV	Movado Group Earnings Call This Week	Pair Corr
0.44	PVH	PVH Corp Earnings Call This Week	Pair Corr
0.4	UHG	United Homes Group	Pair Corr

Related Correlations Analysis

	AIN	DXYN	UFI	TRYIY
AIN		-0.62	0.17	-0.23	AIN
DXYN	-0.62		-0.16	0.33	DXYN
UFI	0.17	-0.16		-0.54	UFI
TRYIY	-0.23	0.33	-0.54		TRYIY
	AIN	DXYN	UFI	TRYIY

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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

TRYIY	+ 0.33	DXYN
UFI	+ 0.17	AIN

High negative correlations

DXYN	- 0.62	AIN
TRYIY	- 0.54	UFI
TRYIY	- 0.23	AIN
UFI	- 0.16	DXYN

Risk-Adjusted Indicators

There is a big difference between Culp Stock performing well and Culp 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 Culp'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
AIN	1.71	(0.31)	0.00	(0.02)	0.00	0.00	2.73	(4.00)	13.55
DXYN	5.44	0.68	0.07	(1.46)	6.28	(6.83)	10.77	(11.11)	47.46
UFI	2.60	(0.41)	0.00	(0.23)	0.00	0.00	6.21	(6.13)	21.45
TRYIY	1.38	0.23	0.11	0.61	1.29	(1.66)	2.68	(2.14)	16.56

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