Walmart Correlations

WALM34 Stock

BRL 36.45 0.68 1.90%

The current 90-days correlation between Walmart and Tyson Foods is 0.32 (i.e., 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

Good diversification

The correlation between Walmart and DJI is -0.01 (i.e., Good 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

0.84	M1UF34	Mitsubishi UFJ Financial	Pair Corr
0.9	S1MF34	Sumitomo Mitsui Financial	Pair Corr
0.63	TMCO34	Toyota Motor	Pair Corr
0.61	B1SA34	Banco Santander Chile	Pair Corr
0.71	NMRH34	Nomura Holdings	Pair Corr
0.94	SNEC34	Sony Group	Pair Corr
0.61	TSMC34	Taiwan Semiconductor	Pair Corr
0.74	JPMC34	JPMorgan Chase	Pair Corr

Moving against Walmart Stock

0.34

TGTB34

Target

Pair Corr

Related Correlations Analysis

	TSNF34	LBRD34	TTEN3	NORD3	M1NS34	ROST34	U2NF34	B1RF34
TSNF34		0.25	0.06	0.0	0.65	0.51	0.1	-0.33	TSNF34
LBRD34	0.25		-0.49	0.72	0.56	-0.36	-0.84	-0.64	LBRD34
TTEN3	0.06	-0.49		-0.45	-0.44	-0.11	0.52	0.01	TTEN3
NORD3	0.0	0.72	-0.45		0.36	-0.34	-0.73	-0.51	NORD3
M1NS34	0.65	0.56	-0.44	0.36		0.33	-0.29	-0.21	M1NS34
ROST34	0.51	-0.36	-0.11	-0.34	0.33		0.5	0.49	ROST34
U2NF34	0.1	-0.84	0.52	-0.73	-0.29	0.5		0.53	U2NF34
B1RF34	-0.33	-0.64	0.01	-0.51	-0.21	0.49	0.53		B1RF34
	TSNF34	LBRD34	TTEN3	NORD3	M1NS34	ROST34	U2NF34	B1RF34

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NORD3	+ 0.72	LBRD34
M1NS34	+ 0.65	TSNF34
M1NS34	+ 0.56	LBRD34
B1RF34	+ 0.53	U2NF34
U2NF34	+ 0.52	TTEN3
ROST34	+ 0.51	TSNF34

High negative correlations

U2NF34	- 0.84	LBRD34
U2NF34	- 0.73	NORD3
B1RF34	- 0.64	LBRD34
B1RF34	- 0.51	NORD3
TTEN3	- 0.49	LBRD34
NORD3	- 0.45	TTEN3

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
TSNF34	0.94	(0.01)	(0.03)	0.02	1.39	(1.62)	2.81	(3.03)	13.10
LBRD34	1.75	(0.10)	0.00	(0.11)	0.00	0.00	2.69	(4.27)	21.71
TTEN3	2.20	0.54	0.19	1.00	2.25	(2.61)	4.94	(3.90)	22.92
NORD3	1.84	(0.35)	0.00	0.76	0.00	0.00	5.60	(7.58)	20.08
M1NS34	1.43	(0.12)	0.00	(1.28)	0.00	0.00	3.01	(4.22)	8.31
ROST34	0.64	0.03	(0.02)	0.17	0.81	(1.18)	1.98	(2.19)	10.33
U2NF34	2.65	0.79	0.31	7.46	1.75	(3.66)	8.54	(3.78)	28.58
B1RF34	0.01	0.00	0.00	1.87	0.00	0.00	0.00	0.00	0.34

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.

Did you try this?

Run Portfolio Manager Now

Portfolio Manager

State of the art Portfolio Manager to monitor and improve performance of your invested capital

All Next

Launch Module

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

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC