Walmart Correlations

WMT Stock

EUR 99.21 0.74 0.74%

The current 90-days correlation between Walmart and PTT Global Chemical is 0.07 (i.e., Significant 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

1.0	WMT	Walmart	Pair Corr
0.75	DYH	Target	Pair Corr
0.9	7DG	Dollar General	Pair Corr
0.89	DT3	Dollar Tree	Pair Corr
0.66	DR3	Dollarama	Pair Corr
0.77	DP4B	AP Møller	Pair Corr
0.73	DP4A	AP Mller	Pair Corr
0.79	S0V	Seaboard	Pair Corr
0.78	HHX	HAMMONIA Schiffsholding	Pair Corr
0.71	NJA	Global Power Solutions Split	Pair Corr
0.73	IU20	YARA INTL ASA	Pair Corr
0.73	QUC	Quaker Chemical	Pair Corr
0.83	FPMB	Freeport McMoRan	Pair Corr
0.86	GTR	GOODYEAR T RUBBER	Pair Corr
0.86	KGHA	KGHM Polska Miedz	Pair Corr
0.74	OS3	Otello ASA	Pair Corr
0.7	BMT	British American Tobacco	Pair Corr
0.63	TGE1	MOBILEZONE N	Pair Corr
0.83	EBO	Erste Group Bank	Pair Corr
0.7	3T4	TERADATA	Pair Corr
0.62	ZNHH	CHINA SOUTHN AIR	Pair Corr
0.8	9KF	MIDSONA AB B Earnings Call This Week	Pair Corr
0.83	0B2	BAWAG Group AG	Pair Corr

Moving against Walmart Stock

0.81	LSPP	Chocoladefabriken Lindt	Pair Corr
0.66	WWG	Gelsenwasser AG	Pair Corr
0.55	QJE	Pan Pacific International	Pair Corr

Related Correlations Analysis

	GQR0	XSI	GCB	EAC	6E2	MSI
GQR0		0.77	0.64	0.82	0.84	0.66	GQR0
XSI	0.77		0.38	0.79	0.93	0.75	XSI
GCB	0.64	0.38		0.65	0.46	0.48	GCB
EAC	0.82	0.79	0.65		0.82	0.72	EAC
6E2	0.84	0.93	0.46	0.82		0.77	6E2
MSI	0.66	0.75	0.48	0.72	0.77		MSI
	GQR0	XSI	GCB	EAC	6E2	MSI

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
GQR0	2.73	0.28	0.06	0.54	3.87	(2.91)	7.14	(5.79)	23.62
XSI	1.21	0.39	0.17	3.03	1.30	(1.49)	2.78	(2.46)	7.62
GCB	2.38	0.19	0.05	0.34	2.61	(3.52)	6.25	(3.92)	14.94
EAC	1.56	0.24	0.09	(1.80)	1.69	(1.70)	3.79	(2.75)	9.55
6E2	2.57	0.43	0.12	1.47	2.93	(2.87)	5.28	(3.47)	18.33
MSI	0.74	0.05	0.00	0.28	0.88	(1.29)	1.90	(1.90)	6.39

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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