Kohls Corp Correlations

KSS Stock

USD 18.34 1.31 7.69%

The current 90-days correlation between Kohls Corp and Nordstrom is 0.41 (i.e., Very weak diversification). The correlation of Kohls Corp 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.

Kohls Corp Correlation With Market

Significant diversification

The correlation between Kohls Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kohls Corp and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Kohls Stock please use our How to Invest in Kohls Corp guide.

Moving together with Kohls Stock

0.63	DIBS	1StdibsCom	Pair Corr
0.64	EDUC	Educational Development	Pair Corr
0.7	AEO	American Eagle Outfitters	Pair Corr
0.65	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.67	BBY	Best Buy	Pair Corr

Moving against Kohls Stock

0.65	VSCO	Victorias Secret	Pair Corr
0.52	WINA	Winmark	Pair Corr
0.49	WEYS	Weyco Group	Pair Corr
0.49	ABG	Asbury Automotive	Pair Corr
0.64	ELA	Envela Corp	Pair Corr
0.63	LAD	Lithia Motors	Pair Corr
0.61	GME	GameStop Corp Aggressive Push	Pair Corr
0.58	FTEL	Fitell Ordinary	Pair Corr
0.57	BKE	Buckle Inc	Pair Corr
0.57	EYE	National Vision Holdings	Pair Corr
0.55	GPI	Group 1 Automotive	Pair Corr
0.46	DDS	Dillards	Pair Corr
0.34	AZI	Autozi Internet Tech	Pair Corr

Related Correlations Analysis

	JWN	DDS	MAKSY	MAKSF	M	DDT	CBD	LRENY	PMDKF
JWN		0.37	0.46	0.21	0.4	0.43	0.3	0.53	-0.37	JWN
DDS	0.37		0.32	0.3	0.42	0.69	0.84	0.47	-0.19	DDS
MAKSY	0.46	0.32		0.76	0.43	0.42	0.19	0.76	-0.44	MAKSY
MAKSF	0.21	0.3	0.76		0.34	0.36	0.19	0.6	-0.19	MAKSF
M	0.4	0.42	0.43	0.34		0.53	0.29	0.5	0.05	M
DDT	0.43	0.69	0.42	0.36	0.53		0.77	0.71	-0.14	DDT
CBD	0.3	0.84	0.19	0.19	0.29	0.77		0.43	-0.24	CBD
LRENY	0.53	0.47	0.76	0.6	0.5	0.71	0.43		-0.36	LRENY
PMDKF	-0.37	-0.19	-0.44	-0.19	0.05	-0.14	-0.24	-0.36		PMDKF
	JWN	DDS	MAKSY	MAKSF	M	DDT	CBD	LRENY	PMDKF

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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

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

PMDKF	- 0.44	MAKSY
PMDKF	- 0.37	JWN
PMDKF	- 0.36	LRENY
PMDKF	- 0.24	CBD
PMDKF	- 0.19	MAKSF
PMDKF	- 0.19	DDS

Risk-Adjusted Indicators

There is a big difference between Kohls Stock performing well and Kohls Corp 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 Kohls Corp'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
JWN	1.39	0.15	0.02	1.52	1.56	(1.56)	3.02	(3.24)	8.69
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

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