Ross Stores Correlations

ROST Stock

USD 142.96 3.64 2.61%

The current 90-days correlation between Ross Stores and Burlington Stores is 0.56 (i.e., Very weak diversification). The correlation of Ross Stores 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.

Ross Stores Correlation With Market

Average diversification

The correlation between Ross Stores and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ross Stores 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 Ross Stores. 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 Ross Stock please use our How to Invest in Ross Stores guide.

Moving together with Ross Stock

0.74	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.65	BGI	Birks Group	Pair Corr
0.69	DBI	Designer Brands	Pair Corr
0.76	DIT	AMCON Distributing	Pair Corr
0.76	DKS	Dicks Sporting Goods	Pair Corr
0.75	GPC	Genuine Parts	Pair Corr
0.79	HVT	Haverty Furniture	Pair Corr
0.78	GNLN	Greenlane Holdings	Pair Corr
0.71	LITB	LightInTheBox Holding Earnings Call This Week	Pair Corr

Moving against Ross Stock

0.8	LB	LandBridge Company	Pair Corr
0.78	BBW	Build A Bear Earnings Call This Week	Pair Corr
0.72	VSCO	Victorias Secret	Pair Corr
0.62	BQ	Boqii Holding Limited	Pair Corr
0.58	HD	Home Depot	Pair Corr
0.47	WEYS	Weyco Group	Pair Corr
0.47	ELA	Envela Corp	Pair Corr
0.38	ABG	Asbury Automotive	Pair Corr
0.88	CATO	Cato	Pair Corr
0.72	PETS	PetMed Express	Pair Corr
0.63	GLBE	Global E Online	Pair Corr
0.53	LOW	Lowes Companies	Pair Corr
0.48	TLF	Tandy Leather Factory	Pair Corr
0.45	GME	GameStop Corp Aggressive Push	Pair Corr
0.37	JFBR	Jeffs Brands Trending	Pair Corr

Related Correlations Analysis

	BURL	AEO	LULU	FL	PLCE	BKE	HIBB	GES	SCVL	URBN
BURL		0.02	-0.4	0.59	-0.11	0.16	-0.16	0.35	0.58	0.36	BURL
AEO	0.02		-0.47	0.44	-0.18	-0.54	-0.3	0.8	0.57	0.16	AEO
LULU	-0.4	-0.47		-0.53	0.44	0.74	0.28	-0.78	-0.7	0.18	LULU
FL	0.59	0.44	-0.53		-0.54	-0.33	-0.5	0.71	0.66	0.35	FL
PLCE	-0.11	-0.18	0.44	-0.54		0.47	0.31	-0.4	-0.05	0.18	PLCE
BKE	0.16	-0.54	0.74	-0.33	0.47		0.25	-0.6	-0.31	0.44	BKE
HIBB	-0.16	-0.3	0.28	-0.5	0.31	0.25		-0.39	-0.3	-0.52	HIBB
GES	0.35	0.8	-0.78	0.71	-0.4	-0.6	-0.39		0.81	0.17	GES
SCVL	0.58	0.57	-0.7	0.66	-0.05	-0.31	-0.3	0.81		0.31	SCVL
URBN	0.36	0.16	0.18	0.35	0.18	0.44	-0.52	0.17	0.31		URBN
	BURL	AEO	LULU	FL	PLCE	BKE	HIBB	GES	SCVL	URBN

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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

SCVL	+ 0.81	GES
GES	+ 0.8	AEO
BKE	+ 0.74	LULU
GES	+ 0.71	FL
SCVL	+ 0.66	FL
FL	+ 0.59	BURL

High negative correlations

GES	- 0.78	LULU
SCVL	- 0.7	LULU
GES	- 0.6	BKE
PLCE	- 0.54	FL
BKE	- 0.54	AEO
FL	- 0.53	LULU

Risk-Adjusted Indicators

There is a big difference between Ross Stock performing well and Ross Stores 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 Ross Stores' 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
BURL	1.33	(0.02)	(0.03)	0.05	1.99	(1.20)	2.72	(2.77)	9.11
AEO	1.77	(0.39)	0.00	(0.31)	0.00	0.00	2.59	(4.39)	9.65
LULU	1.69	0.22	0.09	0.50	1.80	(1.77)	3.24	(3.10)	11.09
FL	2.16	(0.64)	0.00	(0.43)	0.00	0.00	3.83	(4.66)	13.15
PLCE	7.76	1.89	0.28	0.90	6.18	(9.75)	24.62	(11.60)	107.65
BKE	1.52	0.10	0.07	0.18	1.35	(1.87)	4.83	(2.37)	7.75
HIBB	0.65	0.34	0.83	(1.75)	0.00	(0.67)	0.56	(0.24)	19.75
GES	1.56	(0.46)	0.00	(0.28)	0.00	0.00	2.98	(3.63)	8.81
SCVL	2.06	(0.51)	0.00	(0.16)	0.00	0.00	5.16	(5.85)	16.24
URBN	1.67	(0.21)	0.00	(0.10)	0.00	0.00	3.25	(3.13)	12.65

Ross Stores Corporate Executives

Elected by the shareholders, the Ross Stores' board of directors comprises two types of representatives: Ross Stores inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ross. The board's role is to monitor Ross Stores' management team and ensure that shareholders' interests are well served. Ross Stores' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ross Stores' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Adam Orvos	Executive CFO	Profile
	Michael Hartshorn	CFO and Group Sr. VP	Profile

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