Walmart Correlations

WALM34 Stock

BRL 42.32 0.54 1.29%

The current 90-days correlation between Walmart and Costco Wholesale is 0.51 (i.e., Very weak diversification). The correlation of Walmart 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.

Walmart Correlation With Market

Very poor diversification

The correlation between Walmart and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walmart and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Walmart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Walmart 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 Walmart - 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 Walmart to buy it.

Moving together with Walmart Stock

0.8	TGTB34	Target	Pair Corr
0.89	DGCO34	Dollar General	Pair Corr
0.71	A1PA34	APA Corporation	Pair Corr
0.62	RIGG34	Transocean	Pair Corr
0.64	HALI34	Halliburton	Pair Corr
0.79	F1AN34	Diamondback Energy	Pair Corr
0.85	CAPH34	Capri Holdings	Pair Corr
0.63	R1CL34	Royal Caribbean Cruises	Pair Corr
0.78	WEGE3	WEG SA	Pair Corr
0.86	G2ME34	Globus Medical	Pair Corr
0.78	BCPX39	Global X Funds Split	Pair Corr
0.87	H1IG34	The Hartford Financial	Pair Corr
0.84	DASA3	Diagnsticos da Amrica	Pair Corr
0.8	N1WG34	NatWest Group plc Earnings Call This Week	Pair Corr
0.77	BMGB4	Banco BMG SA Earnings Call Next Week	Pair Corr
0.74	BBSE3	BB Seguridade Partic Earnings Call Tomorrow	Pair Corr
0.77	USIM5	Usinas Siderrgicas	Pair Corr
0.73	VRTX34	Vertex Pharmaceuticals Earnings Call Tomorrow	Pair Corr
0.64	ALPK3	Allpark Empreendimentos	Pair Corr
0.71	T1EC34	TechnipFMC plc	Pair Corr
0.84	EALT4	Electro Ao Altona	Pair Corr
0.83	MRSA6B	MRS Logstica SA	Pair Corr
0.73	BLPX39	BLPX39 Split	Pair Corr
0.77	BPVE39	BPVE39 Split	Pair Corr

Related Correlations Analysis

	WALM34	COWC34	TGTB34	BCPX39
WALM34		0.28	0.8	0.78	WALM34
COWC34	0.28		0.52	0.5	COWC34
TGTB34	0.8	0.52		0.87	TGTB34
BCPX39	0.78	0.5	0.87		BCPX39
	WALM34	COWC34	TGTB34	BCPX39

Risk-Adjusted Indicators

There is a big difference between Walmart Stock performing well and Walmart 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 Walmart'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
WALM34	1.32	0.27	0.18	0.66	1.02	(1.82)	3.12	(2.19)	8.97
COWC34	1.07	0.06	(0.01)	1.14	1.45	(1.00)	2.33	(2.55)	6.59
TGTB34	1.69	0.31	0.08	7.55	1.96	(2.03)	4.11	(3.47)	14.49
BCPX39	2.34	0.46	0.15	0.97	2.44	(2.69)	5.06	(4.16)	16.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Walmart 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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Walmart Corporate Executives

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

Suresh Kumar

CTO and Chief Development Officer

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