Five Below Correlations

Five Below Correlation With Market

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

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 PLNT + 0.78 VIPS GME + 0.77 MOD ALV + 0.72 GIL GME + 0.69 GAP GAP + 0.66 GIL MOD + 0.64 GIL

High negative correlations PLNT - 0.76 GIL VIPS - 0.74 GIL PLNT - 0.66 ALV PLNT - 0.64 MOD ALV - 0.64 VIPS PLNT - 0.62 GME

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.