Walmart Correlations

WMT Stock

85.21 1.82 2.09%

The current 90-days correlation between Walmart and Hollywood Bowl Group is -0.01 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Walmart Correlation With Market

Modest diversification

The correlation between Walmart and DJI is 0.26 (i.e., Modest 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
0.87	CTO	Costco Wholesale	Pair Corr
0.71	4GNB	Wal Mart de	Pair Corr
0.87	DR3	Dollarama	Pair Corr
0.8	EK7	AGRICUL BK CHINA	Pair Corr
0.92	V71	HUT 8 P	Pair Corr
0.87	CM2	CAL MAINE FOODS	Pair Corr
0.87	UN3	United Natural Foods	Pair Corr

Moving against Walmart Stock

0.85	TG4	Oxurion NV	Pair Corr
0.6	BUU	DevEx Resources	Pair Corr
0.56	DT3	Dollar Tree Earnings Call Tomorrow	Pair Corr
0.5	7DG	Dollar General	Pair Corr
0.46	QJE	Pan Pacific International	Pair Corr
0.45	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	2H4	AS7	BW8	RUZ	LGA	BME	N4Q1
2H4		-0.28	0.32	-0.37	-0.03	-0.27	-0.06	2H4
AS7	-0.28		-0.26	-0.25	-0.29	0.68	0.84	AS7
BW8	0.32	-0.26		-0.04	0.24	-0.27	-0.06	BW8
RUZ	-0.37	-0.25	-0.04		0.62	-0.33	-0.44	RUZ
LGA	-0.03	-0.29	0.24	0.62		-0.3	-0.21	LGA
BME	-0.27	0.68	-0.27	-0.33	-0.3		0.63	BME
N4Q1	-0.06	0.84	-0.06	-0.44	-0.21	0.63		N4Q1
	2H4	AS7	BW8	RUZ	LGA	BME	N4Q1

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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

N4Q1	+ 0.84	AS7
BME	+ 0.68	AS7
N4Q1	+ 0.63	BME
LGA	+ 0.62	RUZ
BW8	+ 0.32	2H4
LGA	+ 0.24	BW8

High negative correlations

N4Q1	- 0.44	RUZ
RUZ	- 0.37	2H4
BME	- 0.33	RUZ
BME	- 0.3	LGA
LGA	- 0.29	AS7
AS7	- 0.28	2H4

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
2H4	1.22	(0.10)	0.00	(0.02)	0.00	0.00	3.78	(2.22)	9.37
AS7	2.97	0.50	0.16	0.78	2.67	(3.63)	7.11	(3.91)	30.04
BW8	0.70	0.01	0.00	0.09	0.00	0.00	1.94	(0.99)	3.92
RUZ	1.84	(0.30)	0.00	4.16	0.00	0.00	3.53	(3.64)	26.51
LGA	1.39	(0.18)	0.00	(0.38)	0.00	0.00	3.45	(3.76)	10.39
BME	1.71	0.22	0.01	(0.31)	3.00	(3.49)	5.63	(4.23)	26.62
N4Q1	1.38	0.14	0.03	0.38	1.67	(1.96)	3.88	(3.10)	9.39

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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Walmart Corporate Management

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.

Brett Biggs	Advisor	Profile
John Rainey	Ex Officer	Profile
Matthew Miner	Ex Officer	Profile
Rachel Brand	Chief Governance	Profile

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