Pool Correlations

POOL Stock

USD 364.36 3.38 0.94%

The current 90-days correlation between Pool and Fastenal Company is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pool moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pool Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pool Correlation With Market

Weak diversification

The correlation between Pool Corp. and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pool Corp. and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pool Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Pool Stock

0.74	HD	Home Depot	Pair Corr
0.63	JD	JD Inc Adr Aggressive Push	Pair Corr
0.66	LE	Lands End	Pair Corr
0.83	RH	RH	Pair Corr
0.62	VIPS	Vipshop Holdings	Pair Corr
0.63	EBAY	eBay Inc	Pair Corr
0.7	WOOF	Pet Acquisition LLC Earnings Call This Week	Pair Corr
0.62	FIVE	Five Below Earnings Call This Week	Pair Corr
0.71	FNKO	Funko Inc	Pair Corr

Moving against Pool Stock

0.39	FL	Foot Locker Earnings Call This Week	Pair Corr
0.35	DIBS	1StdibsCom	Pair Corr
0.59	BGI	Birks Group	Pair Corr
0.45	AZI	Autozi Internet Tech	Pair Corr
0.41	AAP	Advance Auto Parts	Pair Corr

Related Correlations Analysis

	FAST	MSM	FERG	GWW	WSO	AIT	CNM	BXC	GIC
FAST		0.52	0.2	0.99	0.79	0.95	-0.04	0.88	-0.61	FAST
MSM	0.52		0.55	0.57	0.76	0.65	0.21	0.68	-0.15	MSM
FERG	0.2	0.55		0.23	0.42	0.3	0.68	0.34	0.02	FERG
GWW	0.99	0.57	0.23		0.84	0.97	-0.05	0.9	-0.57	GWW
WSO	0.79	0.76	0.42	0.84		0.9	0.08	0.91	-0.43	WSO
AIT	0.95	0.65	0.3	0.97	0.9		-0.03	0.95	-0.6	AIT
CNM	-0.04	0.21	0.68	-0.05	0.08	-0.03		0.03	0.26	CNM
BXC	0.88	0.68	0.34	0.9	0.91	0.95	0.03		-0.61	BXC
GIC	-0.61	-0.15	0.02	-0.57	-0.43	-0.6	0.26	-0.61		GIC
	FAST	MSM	FERG	GWW	WSO	AIT	CNM	BXC	GIC

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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

GWW	+ 0.99	FAST
AIT	+ 0.97	GWW
AIT	+ 0.95	FAST
BXC	+ 0.95	AIT
BXC	+ 0.91	WSO
BXC	+ 0.9	GWW

High negative correlations

GIC	- 0.61	BXC
GIC	- 0.61	FAST
GIC	- 0.6	AIT
GIC	- 0.57	GWW
GIC	- 0.43	WSO
GIC	- 0.15	MSM

Risk-Adjusted Indicators

There is a big difference between Pool Stock performing well and Pool 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 Pool'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
FAST	0.99	0.20	0.26	0.23	0.52	(1.33)	1.86	(1.58)	11.50
MSM	1.48	(0.15)	(0.04)	0.01	1.72	(1.60)	3.00	(2.68)	10.99
FERG	1.33	(0.03)	0.00	(0.99)	0.00	0.00	2.46	(2.70)	10.59
GWW	1.03	0.19	0.23	0.22	0.66	(1.26)	2.52	(1.45)	8.66
WSO	1.34	0.07	0.07	0.14	1.52	(1.43)	2.23	(3.18)	9.11
AIT	1.38	0.26	0.32	0.20	0.75	(1.84)	3.17	(1.63)	15.15
CNM	1.94	(0.26)	0.00	(0.12)	0.00	0.00	3.49	(3.55)	18.95
BXC	2.09	0.22	0.13	0.19	2.05	(2.34)	5.33	(3.28)	14.04
GIC	1.59	(0.25)	0.00	(0.34)	0.00	0.00	2.49	(2.31)	24.01

Pool Corporate Management

Donna Williams	Chief Marketing Officer, General Manager - Sales, Marketing & Product Management	Profile
Carolyne Large	Vice Marketing	Profile
Kristopher Neff	Vice Development	Profile
Luther Willems	VP Officer	Profile
Walker Saik	Chief Controller	Profile

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