Dollar Tree Correlations

DLTR Stock

USD 126.19 2.73 2.12%

The current 90-days correlation between Dollar Tree and Dollar General is 0.58 (i.e., Very weak diversification). The correlation of Dollar Tree 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.

Dollar Tree Correlation With Market

Very poor diversification

The correlation between Dollar Tree and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dollar Tree and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dollar Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar Tree. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

To learn how to invest in Dollar Stock, please use our How to Invest in Dollar Tree guide.

Moving together with Dollar Stock

0.79	PTAIY	Astra International Tbk	Pair Corr
0.85	PPERF	Bank Mandiri Persero	Pair Corr
0.63	PPERY	Bank Mandiri Persero	Pair Corr
0.66	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.77	HRMY	Harmony Biosciences	Pair Corr
0.68	BA	Boeing Earnings Call Tomorrow	Pair Corr
0.73	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.84	DD	Dupont De Nemours	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.62	PFE	Pfizer Inc Sell-off Trend	Pair Corr
0.83	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.91	WMT	Walmart Common Stock Sell-off Trend	Pair Corr

Moving against Dollar Stock

0.76	PBCRY	Bank Central Asia	Pair Corr
0.74	GO	Grocery Outlet Holding	Pair Corr
0.51	BKRKF	PT Bank Rakyat	Pair Corr
0.44	PTAIF	PT Astra International	Pair Corr
0.33	BKRKY	Bank Rakyat	Pair Corr
0.78	T	ATT Inc Earnings Call This Week	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.64	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	DG	CHD	STZ	BJ	TSN	BG	MKC	FMX	KOF
DG		0.44	0.83	0.39	0.87	0.34	0.35	0.9	0.92	DG
CHD	0.44		0.68	0.54	0.37	0.8	0.08	0.44	0.56	CHD
STZ	0.83	0.68		0.44	0.76	0.68	0.17	0.85	0.82	STZ
BJ	0.39	0.54	0.44		0.33	0.39	0.19	0.42	0.45	BJ
TSN	0.87	0.37	0.76	0.33		0.35	0.33	0.85	0.84	TSN
BG	0.34	0.8	0.68	0.39	0.35		-0.16	0.39	0.52	BG
MKC	0.35	0.08	0.17	0.19	0.33	-0.16		0.13	0.19	MKC
FMX	0.9	0.44	0.85	0.42	0.85	0.39	0.13		0.89	FMX
KOF	0.92	0.56	0.82	0.45	0.84	0.52	0.19	0.89		KOF
	DG	CHD	STZ	BJ	TSN	BG	MKC	FMX	KOF

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

KOF	+ 0.92	DG
FMX	+ 0.9	DG
KOF	+ 0.89	FMX
TSN	+ 0.87	DG
FMX	+ 0.85	STZ
FMX	+ 0.85	TSN

High negative correlations

MKC

- 0.16

Risk-Adjusted Indicators

There is a big difference between Dollar Stock performing well and Dollar Tree 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 Dollar Tree'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
DG	1.68	0.45	0.23	0.49	1.49	(1.96)	4.59	(2.38)	20.14
CHD	1.06	0.06	0.01	0.33	1.21	(1.14)	2.33	(1.92)	10.66
STZ	1.43	0.16	0.09	0.38	1.21	(1.82)	3.59	(2.20)	7.18
BJ	1.41	0.02	0.00	0.10	1.62	(1.48)	2.90	(2.54)	6.87
TSN	1.21	0.24	0.14	0.92	1.16	(1.33)	2.98	(2.03)	8.77
BG	1.18	0.21	0.16	0.50	0.97	(1.51)	3.20	(1.84)	6.25
MKC	1.19	(0.14)	0.00	1.20	0.00	0.00	2.50	(2.38)	10.75
FMX	1.12	0.19	0.10	1.21	1.06	(1.23)	2.70	(1.89)	7.81
KOF	1.08	0.34	0.29	0.83	0.77	(1.36)	2.92	(1.50)	5.77

Dollar Tree Corporate Management

Aditya Maheshwari	Senior Officer	Profile
Jonathan JD	Chief Secretary	Profile
Richard McNeely	Chief Officer	Profile
Stewart Glendinning	Chief Officer	Profile
Jessica Thomas	Chief Counsel	Profile
John Mitchell	Chief Secretary	Profile
EMBA BS	Chief Officer	Profile

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