Culp Correlations

CULP Stock

USD 3.72 0.02 0.53%

The current 90-days correlation between Culp Inc and Destination XL Group is -0.25 (i.e., Very 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

Excellent diversification

The correlation between Culp Inc and DJI is -0.59 (i.e., Excellent 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 various price indices.

Moving together with Culp Stock

0.63	002034	Wangneng Environment	Pair Corr
0.87	603958	Harson Trading China	Pair Corr
0.63	ATLN	Atlantic International Trending	Pair Corr

Moving against Culp Stock

0.76	SGML	Sigma Lithium Resources Upward Rally	Pair Corr
0.75	CMRE	Costamare	Pair Corr
0.75	AGI	Alamos Gold	Pair Corr
0.74	NUVB	Nuvation Bio Downward Rally	Pair Corr
0.69	NRSCF	Nomura Holdings Earnings Call This Week	Pair Corr
0.66	603306	HMTNew Technical	Pair Corr
0.65	LBCMF	Libero Copper Gold	Pair Corr
0.65	BUBSF	Bubs Australia	Pair Corr
0.64	NFBK	Northfield Bancorp Earnings Call Tomorrow	Pair Corr
0.64	HHLKF	Hot Chili Limited	Pair Corr
0.63	002516	Kuangda Technology	Pair Corr
0.6	002293	Luolai Home Textile	Pair Corr
0.57	SGI	Somnigroup International Symbol Change	Pair Corr
0.56	TFIN	Triumph Financial Earnings Call Tomorrow	Pair Corr
0.52	TMGI	Marquie Group	Pair Corr
0.49	TRYIY	Toray Industries ADR	Pair Corr
0.37	CGTL	Creative Global Tech Earnings Call This Week	Pair Corr
0.36	CNIKF	Canada Nickel	Pair Corr
0.32	RCKY	Rocky Brands	Pair Corr
0.8	MAR	Marriott International	Pair Corr
0.75	VWAGY	Volkswagen AG 110	Pair Corr
0.73	MS-PQ	Morgan Stanley	Pair Corr
0.72	PGNY	Progyny	Pair Corr
0.71	DBSDY	DBS Group Holdings	Pair Corr
0.68	GLOB	Globant SA Sell-off Trend	Pair Corr
0.64	SWISF	Sekur Private Data	Pair Corr
0.64	SGHT	Sight Sciences	Pair Corr
0.6	ORXGF	Orca Energy Group	Pair Corr

Related Correlations Analysis

	DXLG	VNCE	JRSH	TLYS	NHTC	CVGI	NCL	SYPR	FRSX	LIVE
DXLG		0.04	0.19	0.28	0.01	0.07	0.4	-0.47	0.4	-0.2	DXLG
VNCE	0.04		-0.48	0.8	-0.1	-0.29	-0.43	0.05	-0.52	0.36	VNCE
JRSH	0.19	-0.48		-0.37	0.59	0.0	0.83	-0.36	0.67	-0.04	JRSH
TLYS	0.28	0.8	-0.37		0.08	0.0	-0.37	0.2	-0.54	0.53	TLYS
NHTC	0.01	-0.1	0.59	0.08		0.05	0.4	0.17	0.13	0.53	NHTC
CVGI	0.07	-0.29	0.0	0.0	0.05		-0.15	0.22	-0.08	0.14	CVGI
NCL	0.4	-0.43	0.83	-0.37	0.4	-0.15		-0.64	0.91	-0.36	NCL
SYPR	-0.47	0.05	-0.36	0.2	0.17	0.22	-0.64		-0.76	0.66	SYPR
FRSX	0.4	-0.52	0.67	-0.54	0.13	-0.08	0.91	-0.76		-0.62	FRSX
LIVE	-0.2	0.36	-0.04	0.53	0.53	0.14	-0.36	0.66	-0.62		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	+ 0.91	NCL
NCL	+ 0.83	JRSH
TLYS	+ 0.8	VNCE
FRSX	+ 0.67	JRSH
LIVE	+ 0.66	SYPR
NHTC	+ 0.59	JRSH

High negative correlations

FRSX	- 0.76	SYPR
SYPR	- 0.64	NCL
LIVE	- 0.62	FRSX
FRSX	- 0.54	TLYS
FRSX	- 0.52	VNCE
JRSH	- 0.48	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	4.04	(0.56)	0.00	(0.10)	0.00	0.00	5.61	(6.93)	71.37
VNCE	3.33	(0.05)	(0.01)	0.00	4.38	(3.56)	7.51	(6.43)	25.78
JRSH	0.90	(0.13)	0.00	(0.09)	0.00	0.00	1.64	(1.86)	5.16
TLYS	3.31	0.09	0.03	0.13	3.31	(4.75)	11.36	(5.60)	32.45
NHTC	4.13	(0.04)	0.00	0.04	7.25	(4.34)	7.79	(13.45)	43.82
CVGI	2.94	(0.02)	0.01	0.06	3.10	(3.85)	8.82	(5.23)	20.18
NCL	7.27	(1.37)	0.00	(0.44)	0.00	0.00	11.76	(13.33)	81.07
SYPR	3.82	0.89	0.18	(0.77)	3.46	(4.85)	11.93	(6.72)	30.48
FRSX	2.77	(1.38)	0.00	(0.44)	0.00	0.00	3.93	(7.78)	35.97
LIVE	4.39	0.23	0.08	0.16	3.74	(6.19)	13.58	(5.51)	27.67

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