Nordstrom Correlations

JWN Stock

USD 23.24 0.87 3.89%

The current 90-days correlation between Nordstrom and Kohls Corp is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nordstrom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordstrom moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nordstrom Correlation With Market

Significant diversification

The correlation between Nordstrom and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nordstrom and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nordstrom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

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

Moving against Nordstrom Stock

0.37	FL	Foot Locker Earnings Call This Week	Pair Corr
0.37	AAP	Advance Auto Parts	Pair Corr
0.34	YJ	Yunji Inc	Pair Corr
0.4	CAL	Continental	Pair Corr
0.39	DBI	Designer Brands	Pair Corr
0.31	GES	Guess Inc	Pair Corr

Related Correlations Analysis

	KSS	DDS	MAKSY	MAKSF	M	DDT	CBD	LRENY	PMDKF
KSS		-0.46	0.24	0.13	0.11	-0.42	-0.66	0.0	0.0	KSS
DDS	-0.46		0.32	0.3	0.42	0.69	0.84	0.47	-0.19	DDS
MAKSY	0.24	0.32		0.76	0.43	0.42	0.19	0.76	-0.44	MAKSY
MAKSF	0.13	0.3	0.76		0.34	0.36	0.19	0.6	-0.19	MAKSF
M	0.11	0.42	0.43	0.34		0.53	0.29	0.5	0.05	M
DDT	-0.42	0.69	0.42	0.36	0.53		0.77	0.71	-0.14	DDT
CBD	-0.66	0.84	0.19	0.19	0.29	0.77		0.43	-0.24	CBD
LRENY	0.0	0.47	0.76	0.6	0.5	0.71	0.43		-0.36	LRENY
PMDKF	0.0	-0.19	-0.44	-0.19	0.05	-0.14	-0.24	-0.36		PMDKF
	KSS	DDS	MAKSY	MAKSF	M	DDT	CBD	LRENY	PMDKF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CBD	+ 0.84	DDS
CBD	+ 0.77	DDT
MAKSF	+ 0.76	MAKSY
LRENY	+ 0.76	MAKSY
LRENY	+ 0.71	DDT
DDT	+ 0.69	DDS

High negative correlations

CBD	- 0.66	KSS
DDS	- 0.46	KSS
PMDKF	- 0.44	MAKSY
DDT	- 0.42	KSS
PMDKF	- 0.36	LRENY
PMDKF	- 0.24	CBD

Risk-Adjusted Indicators

There is a big difference between Nordstrom Stock performing well and Nordstrom 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 Nordstrom'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
KSS	2.04	(0.12)	0.00	(0.55)	0.00	0.00	4.11	(4.31)	10.85
DDS	1.76	0.34	0.17	0.83	1.43	(2.16)	5.20	(2.64)	13.26
MAKSY	1.23	0.07	0.02	0.22	1.57	(1.27)	2.92	(2.66)	9.12
MAKSF	1.83	0.12	(0.01)	(0.05)	2.68	(5.54)	6.15	(7.60)	25.20
M	1.62	(0.03)	0.01	0.10	1.59	(2.06)	3.96	(2.78)	9.95
DDT	0.23	0.00	(0.28)	0.27	0.35	(0.23)	0.51	(0.50)	1.69
CBD	2.42	0.68	0.19	14.63	2.42	(2.82)	6.56	(4.97)	19.48
LRENY	3.09	0.64	0.11	(0.71)	3.42	(3.38)	6.94	(6.17)	19.26
PMDKF	0.25	(0.14)	0.00	(5.87)	0.00	0.00	0.00	0.00	8.33

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC