Five Below Correlations

FIVE Stock

USD 193.45 5.09 2.70%

The current 90-days correlation between Five Below and Gildan Activewear is 0.36 (i.e., Weak diversification). The correlation of Five Below 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.

Five Below Correlation With Market

Very weak diversification

The correlation between Five Below and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Five Below and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Five Stock

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

For information on how to trade Five Stock refer to our How to Trade Five Stock guide.

Moving together with Five Stock

0.63	JWEL	Jowell Global	Pair Corr
0.7	RUM	Rocky Mountain Liquor	Pair Corr
0.83	ULTA	Ulta Beauty	Pair Corr
0.61	PTAIY	Astra International Tbk	Pair Corr
0.85	EL	Estee Lauder Companies	Pair Corr
0.88	FTV	Fortive Corp	Pair Corr
0.69	SMXWW	SMX Public Limited	Pair Corr

Moving against Five Stock

0.74	SPWH	Sportsmans	Pair Corr
0.68	TSCO	Tractor Supply	Pair Corr
0.58	PTAIF	PT Astra International	Pair Corr
0.56	SUL	Super Retail Group	Pair Corr
0.54	PIFMY	Indofood Sukses Makmur	Pair Corr
0.42	DKS	Dicks Sporting Goods	Pair Corr
0.36	JD	JD Sports Fashion	Pair Corr
0.45	694308HY6	US694308HY69	Pair Corr
0.42	NMRD	Nemaura Medical	Pair Corr

Related Correlations Analysis

	GIL	VIPS	DDS	GAP	MOD	ALV	GME	LEVI	MGM	PLNT
GIL		0.0	0.2	0.16	-0.3	0.22	0.11	0.23	0.48	0.05	GIL
VIPS	0.0		0.48	0.19	0.06	0.51	0.32	0.71	0.41	0.45	VIPS
DDS	0.2	0.48		0.8	0.0	0.21	-0.11	0.21	0.82	0.72	DDS
GAP	0.16	0.19	0.8		-0.13	0.0	-0.48	-0.14	0.7	0.8	GAP
MOD	-0.3	0.06	0.0	-0.13		-0.15	0.29	0.08	-0.21	-0.31	MOD
ALV	0.22	0.51	0.21	0.0	-0.15		0.38	0.6	0.43	0.24	ALV
GME	0.11	0.32	-0.11	-0.48	0.29	0.38		0.7	0.03	-0.32	GME
LEVI	0.23	0.71	0.21	-0.14	0.08	0.6	0.7		0.32	0.13	LEVI
MGM	0.48	0.41	0.82	0.7	-0.21	0.43	0.03	0.32		0.75	MGM
PLNT	0.05	0.45	0.72	0.8	-0.31	0.24	-0.32	0.13	0.75		PLNT
	GIL	VIPS	DDS	GAP	MOD	ALV	GME	LEVI	MGM	PLNT

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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

MGM	+ 0.82	DDS
GAP	+ 0.8	DDS
PLNT	+ 0.8	GAP
PLNT	+ 0.75	MGM
PLNT	+ 0.72	DDS
LEVI	+ 0.71	VIPS

High negative correlations

GME	- 0.48	GAP
PLNT	- 0.32	GME
PLNT	- 0.31	MOD
MOD	- 0.3	GIL
MGM	- 0.21	MOD
ALV	- 0.15	MOD

Risk-Adjusted Indicators

There is a big difference between Five Stock performing well and Five Below 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 Five Below'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
GIL	1.30	0.09	0.06	0.15	1.41	(1.49)	3.19	(2.32)	7.65
VIPS	1.59	(0.15)	0.00	(0.10)	0.00	0.00	3.00	(4.81)	12.51
DDS	1.77	0.01	0.00	0.05	2.35	(2.01)	3.62	(3.91)	17.26
GAP	1.98	0.21	0.13	0.15	1.74	(2.28)	4.62	(2.87)	12.16
MOD	2.90	(0.15)	0.00	0.00	0.00	0.00	5.82	(5.51)	23.70
ALV	1.11	(0.12)	0.00	(0.05)	0.00	0.00	1.98	(3.01)	5.94
GME	1.59	(0.48)	0.00	(0.59)	0.00	0.00	3.37	(3.42)	9.35
LEVI	1.55	(0.23)	0.00	(0.09)	0.00	0.00	3.64	(3.46)	17.30
MGM	1.46	(0.06)	(0.02)	0.01	1.82	(1.52)	3.65	(2.92)	7.90
PLNT	1.39	0.05	0.01	0.49	1.44	(1.55)	3.01	(2.65)	16.06

Five Below Corporate Management

Michael Romanko	Executive VP of Merchandising	Profile
Christiane Pelz	Vice Relations	Profile
Ronald Masciantonio	Secretary	Profile
Maureen Gellerman	Chief Officer	Profile
Daniel CPA	Chief Officer	Profile

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