Culp Correlations

CULP Stock

USD 3.51 0.05 1.40%

The current 90-days correlation between Culp Inc and Destination XL Group is 0.4 (i.e., Very weak 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

Average diversification

The correlation between Culp Inc and DJI is 0.18 (i.e., Average 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.

Build AI portfolio with Culp Stock

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 board of governors.

Moving together with Culp Stock

0.72	NKE	Nike Inc Aggressive Push	Pair Corr
0.82	UFI	Unifi Inc	Pair Corr
0.82	300918	Shandong Nanshan Zhishang	Pair Corr
0.74	603958	Harson Trading China	Pair Corr
0.71	BIRD	Allbirds	Pair Corr

Moving against Culp Stock

0.81	002293	Luolai Home Textile	Pair Corr
0.69	TLK	Telkom Indonesia Tbk	Pair Corr
0.54	603365	Shanghai Shuixing Home	Pair Corr
0.51	002516	Kuangda Technology	Pair Corr
0.5	002397	Hunan Mendale Hometextile	Pair Corr
0.4	CROX	Crocs Inc	Pair Corr
0.85	TMSNY	Temenos Group AG	Pair Corr
0.84	PPERY	Bank Mandiri Persero	Pair Corr
0.84	SYF	Synchrony Financial	Pair Corr
0.83	WOSGF	Watches of Switzerland	Pair Corr
0.81	FCOB	1st Colonial Bancorp	Pair Corr
0.77	BYSD	Bayside Corp	Pair Corr
0.76	HLF	Herbalife Nutrition	Pair Corr
0.73	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.72	PTAIY	Astra International Tbk	Pair Corr
0.71	BNXAF	Banxa Holdings	Pair Corr
0.66	PPERF	Bank Mandiri Persero	Pair Corr
0.63	GPHOF	Graphite One	Pair Corr
0.62	SGTM	National Storm Recovery	Pair Corr
0.61	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.55	FLIDY	FLSmidth Co AS	Pair Corr
0.9	NRC	National Research Corp	Pair Corr
0.87	C	Citigroup	Pair Corr

Related Correlations Analysis

	DXLG	VNCE	JRSH	TLYS	NHTC	CVGI	NCL	SYPR	FRSX	LIVE
DXLG		0.04	0.26	0.57	0.34	0.53	0.51	0.1	0.18	0.49	DXLG
VNCE	0.04		-0.54	0.75	-0.06	-0.29	0.03	0.67	-0.78	0.47	VNCE
JRSH	0.26	-0.54		-0.22	0.69	0.21	0.3	-0.51	0.77	0.28	JRSH
TLYS	0.57	0.75	-0.22		0.17	0.15	0.38	0.55	-0.48	0.63	TLYS
NHTC	0.34	-0.06	0.69	0.17		0.17	0.34	-0.07	0.53	0.74	NHTC
CVGI	0.53	-0.29	0.21	0.15	0.17		0.46	0.03	0.33	0.03	CVGI
NCL	0.51	0.03	0.3	0.38	0.34	0.46		0.17	0.11	0.4	NCL
SYPR	0.1	0.67	-0.51	0.55	-0.07	0.03	0.17		-0.53	0.38	SYPR
FRSX	0.18	-0.78	0.77	-0.48	0.53	0.33	0.11	-0.53		0.06	FRSX
LIVE	0.49	0.47	0.28	0.63	0.74	0.03	0.4	0.38	0.06		LIVE
	DXLG	VNCE	JRSH	TLYS	NHTC	CVGI	NCL	SYPR	FRSX	LIVE

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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

FRSX	+ 0.77	JRSH
TLYS	+ 0.75	VNCE
LIVE	+ 0.74	NHTC
NHTC	+ 0.69	JRSH
SYPR	+ 0.67	VNCE
LIVE	+ 0.63	TLYS

High negative correlations

FRSX	- 0.78	VNCE
JRSH	- 0.54	VNCE
FRSX	- 0.53	SYPR
SYPR	- 0.51	JRSH
FRSX	- 0.48	TLYS
CVGI	- 0.29	VNCE

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
DXLG	3.94	(0.53)	0.00	(0.09)	0.00	0.00	5.61	(6.93)	71.37
VNCE	3.38	0.40	0.09	0.70	3.49	(3.70)	7.69	(6.43)	22.35
JRSH	0.88	(0.10)	0.00	(0.42)	0.00	0.00	1.64	(1.86)	5.16
TLYS	3.37	(0.03)	0.01	0.04	3.12	(5.40)	11.36	(5.35)	27.68
NHTC	3.98	(0.27)	0.00	(0.18)	0.00	0.00	7.79	(13.45)	43.82
CVGI	2.52	(0.20)	0.00	(0.11)	0.00	0.00	4.86	(4.95)	17.33
NCL	7.83	(2.65)	0.00	(0.83)	0.00	0.00	11.11	(17.39)	90.49
SYPR	2.87	0.14	0.04	0.20	3.23	(3.26)	6.02	(5.63)	22.79
FRSX	2.95	(0.65)	0.00	1.98	0.00	0.00	6.14	(7.78)	22.97
LIVE	3.92	(0.22)	0.00	(0.06)	0.00	0.00	11.57	(5.51)	27.67

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