Walmart Correlations

WMT Stock

EUR 89.55 1.08 1.22%

The current 90-days correlation between Walmart and Sekisui Chemical Co is -0.06 (i.e., Good 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

Significant diversification

The correlation between Walmart and DJI is 0.02 (i.e., Significant 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
0.94	CTO	Costco Wholesale	Pair Corr
0.9	4GNB	Wal Mart de	Pair Corr
0.79	DT3	Dollar Tree	Pair Corr
0.95	BUI	Burlington Stores	Pair Corr
0.7	SLT	SCHALTBAU HOLDING	Pair Corr
0.93	3RKU	RYOHIN UNSPADR/1	Pair Corr
0.7	AAH	AHLERS	Pair Corr
0.65	CAC1	Casio Computer CoLtd	Pair Corr
0.88	MSF	Microsoft	Pair Corr
0.9	CAI	CDN IMPERIAL BANK	Pair Corr
0.64	GI4	G III Apparel	Pair Corr
0.92	XKR	KAR Auction Services	Pair Corr
0.92	HEI	Heidelberg Materials	Pair Corr
0.74	DDN	Darden Restaurants	Pair Corr
0.8	3BZ	Bank of Zhengzhou	Pair Corr
0.7	FAA	FABASOFT Dusseldorf	Pair Corr
0.79	NY70	MOLSON RS BEVERAGE	Pair Corr
0.83	SDP	Summit Hotel Properties	Pair Corr
0.74	GIFN	GigaMedia	Pair Corr
0.83	YC3	CONCORDIA FINL GROUP	Pair Corr
0.94	OD7B	ETFS Coffee ETC	Pair Corr
0.91	FOO	Salesforce	Pair Corr
0.87	APC	Apple Inc	Pair Corr
0.84	MTX	MTU Aero Engines	Pair Corr
0.93	TL0	Tesla Inc Earnings Call This Week	Pair Corr

Moving against Walmart Stock

0.7	DYH	Target	Pair Corr
0.68	HO1	Hologic	Pair Corr
0.41	DR3	Dollarama	Pair Corr

Related Correlations Analysis

	8L8	XFB	CAC1	5ZM	SIT4	SUI	QCH	E4C
8L8		-0.61	-0.56	0.36	0.0	-0.08	-0.04	0.16	8L8
XFB	-0.61		0.69	-0.23	0.22	0.22	0.11	-0.41	XFB
CAC1	-0.56	0.69		0.33	0.27	0.64	0.63	0.18	CAC1
5ZM	0.36	-0.23	0.33		0.17	0.68	0.84	0.57	5ZM
SIT4	0.0	0.22	0.27	0.17		0.28	0.34	-0.1	SIT4
SUI	-0.08	0.22	0.64	0.68	0.28		0.87	0.22	SUI
QCH	-0.04	0.11	0.63	0.84	0.34	0.87		0.4	QCH
E4C	0.16	-0.41	0.18	0.57	-0.1	0.22	0.4		E4C
	8L8	XFB	CAC1	5ZM	SIT4	SUI	QCH	E4C

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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

QCH	+ 0.87	SUI
QCH	+ 0.84	5ZM
CAC1	+ 0.69	XFB
SUI	+ 0.68	5ZM
SUI	+ 0.64	CAC1
QCH	+ 0.63	CAC1

High negative correlations

XFB	- 0.61	8L8
CAC1	- 0.56	8L8
E4C	- 0.41	XFB
5ZM	- 0.23	XFB
E4C	- 0.1	SIT4
SUI	- 0.08	8L8

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
8L8	1.77	0.10	0.04	(0.33)	2.19	(2.12)	3.50	(2.91)	22.48
XFB	2.20	(0.09)	0.00	0.28	0.00	0.00	5.63	(4.97)	14.21
CAC1	1.03	0.09	0.08	(1.15)	1.08	(1.36)	2.03	(1.70)	11.63
5ZM	1.59	0.28	0.14	1.84	1.81	(1.93)	3.92	(2.94)	12.64
SIT4	1.22	0.03	0.02	5.73	1.44	(1.48)	2.37	(2.26)	9.58
SUI	1.49	0.18	0.09	0.70	1.34	(2.65)	3.65	(2.76)	15.08
QCH	1.32	0.35	0.20	3.90	1.31	(1.68)	2.63	(2.88)	12.33
E4C	0.95	0.16	0.11	0.92	0.92	(1.53)	3.11	(2.34)	7.30

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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