Ross Stores Correlations

ROST34 Stock

BRL 446.00 30.00 7.21%

The current 90-days correlation between Ross Stores and British American Tobacco is 0.35 (i.e., 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.

Ross Stores Correlation With Market

Significant diversification

The correlation between Ross Stores and DJI is 0.09 (i.e., Significant 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.

The ability to find closely correlated positions to Ross Stores could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ross Stores when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ross Stores - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ross Stores to buy it.

Moving against Ross Stock

0.6

A1SN34

Ascendis Pharma AS

Pair Corr

Related Correlations Analysis

	BTLG11	PLPL3	C1AB34	B1TI34	BUSR39	COPH34	WEGE3	META11	O1KE34
BTLG11		-0.79	-0.32	0.25	-0.61	-0.2	-0.7	-0.75	-0.71	BTLG11
PLPL3	-0.79		0.1	-0.42	0.56	0.13	0.63	0.47	0.57	PLPL3
C1AB34	-0.32	0.1		0.29	0.49	0.7	0.06	0.7	0.39	C1AB34
B1TI34	0.25	-0.42	0.29		0.32	0.03	-0.41	-0.01	0.2	B1TI34
BUSR39	-0.61	0.56	0.49	0.32		0.15	0.32	0.59	0.81	BUSR39
COPH34	-0.2	0.13	0.7	0.03	0.15		-0.06	0.44	0.13	COPH34
WEGE3	-0.7	0.63	0.06	-0.41	0.32	-0.06		0.48	0.38	WEGE3
META11	-0.75	0.47	0.7	-0.01	0.59	0.44	0.48		0.55	META11
O1KE34	-0.71	0.57	0.39	0.2	0.81	0.13	0.38	0.55		O1KE34
	BTLG11	PLPL3	C1AB34	B1TI34	BUSR39	COPH34	WEGE3	META11	O1KE34

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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

O1KE34	+ 0.81	BUSR39
COPH34	+ 0.7	C1AB34
META11	+ 0.7	C1AB34
WEGE3	+ 0.63	PLPL3
META11	+ 0.59	BUSR39
O1KE34	+ 0.57	PLPL3

High negative correlations

PLPL3	- 0.79	BTLG11
META11	- 0.75	BTLG11
O1KE34	- 0.71	BTLG11
WEGE3	- 0.7	BTLG11
BUSR39	- 0.61	BTLG11
B1TI34	- 0.42	PLPL3

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
BTLG11	0.52	(0.09)	0.00	(1.19)	0.00	0.00	0.98	(1.29)	4.73
PLPL3	1.74	0.09	0.00	0.43	1.86	(1.99)	3.98	(3.23)	8.69
C1AB34	1.44	0.36	0.06	(0.36)	1.49	(2.43)	4.35	(2.75)	14.25
B1TI34	1.02	0.18	0.03	(1.09)	1.08	(1.22)	2.42	(1.94)	6.07
BUSR39	0.89	0.20	0.05	(0.92)	0.91	(1.04)	2.54	(1.59)	5.39
COPH34	1.41	0.19	0.01	(0.41)	1.96	(1.48)	3.56	(2.44)	12.02
WEGE3	1.09	0.00	(0.06)	0.10	1.56	(1.09)	2.71	(2.06)	8.60
META11	2.70	0.60	0.15	(1.32)	2.41	(3.31)	7.04	(4.59)	17.81
O1KE34	0.73	0.40	0.00	(0.34)	0.00	0.00	0.74	(0.67)	18.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ross Stores without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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

Ex CFO

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