Walmart Common Correlations

WMT Stock

USD 120.04 0.32 0.27%

The current 90-days correlation between Walmart Common Stock and Procter Gamble is 0.27 (i.e., Modest diversification). The correlation of Walmart Common 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 Common Correlation With Market

Significant diversification

The correlation between Walmart Common Stock and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walmart Common Stock and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Walmart Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walmart Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Walmart Stock

0.89	DG	Dollar General	Pair Corr
0.87	DLTR	Dollar Tree	Pair Corr
0.72	TGT	Target	Pair Corr
0.86	PSMT	PriceSmart	Pair Corr
0.65	CASY	Caseys General Stores	Pair Corr
0.71	INFY	Infosys Ltd ADR	Pair Corr
0.73	RIVN	Rivian Automotive	Pair Corr
0.87	ACN	Accenture plc	Pair Corr
0.61	ACR-PC	ACRES Commercial Realty	Pair Corr
0.75	WSFS	WSFS Financial	Pair Corr
0.63	MCHP	Microchip Technology	Pair Corr
0.64	ATI	Allegheny Technologies	Pair Corr
0.76	AA	Alcoa Corp Earnings Call This Week	Pair Corr

Moving against Walmart Stock

0.85	NIO	Nio Class A	Pair Corr
0.77	GRAB	Grab Holdings	Pair Corr
0.55	KR	Kroger Company	Pair Corr
0.54	NVDA	NVIDIA	Pair Corr
0.49	COST	Costco Wholesale Corp Sell-off Trend	Pair Corr
0.41	PLUG	Plug Power	Pair Corr
0.32	RXRX	Recursion Pharmaceuticals Aggressive Push	Pair Corr
0.7	MSFT	Microsoft	Pair Corr
0.53	T	ATT Inc	Pair Corr
0.32	HD	Home Depot	Pair Corr

Related Correlations Analysis

	PG	KO	LBHIX	MSTSX	VIASP	RRTLX	WQTM	OSHDF	SITKF
PG		0.0	-0.78	-0.49	-0.6	-0.62	0.19	0.0	0.4	PG
KO	0.0		0.09	-0.08	0.01	0.07	-0.74	0.0	-0.64	KO
LBHIX	-0.78	0.09		0.68	0.66	0.77	-0.22	0.0	-0.44	LBHIX
MSTSX	-0.49	-0.08	0.68		0.76	0.93	0.03	0.0	-0.29	MSTSX
VIASP	-0.6	0.01	0.66	0.76		0.84	-0.13	0.0	-0.46	VIASP
RRTLX	-0.62	0.07	0.77	0.93	0.84		-0.11	0.0	-0.45	RRTLX
WQTM	0.19	-0.74	-0.22	0.03	-0.13	-0.11		0.0	0.6	WQTM
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	OSHDF
SITKF	0.4	-0.64	-0.44	-0.29	-0.46	-0.45	0.6	0.0		SITKF
	PG	KO	LBHIX	MSTSX	VIASP	RRTLX	WQTM	OSHDF	SITKF

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

RRTLX	+ 0.93	MSTSX
RRTLX	+ 0.84	VIASP
RRTLX	+ 0.77	LBHIX
VIASP	+ 0.76	MSTSX
MSTSX	+ 0.68	LBHIX
VIASP	+ 0.66	LBHIX

High negative correlations

LBHIX	- 0.78	PG
WQTM	- 0.74	KO
SITKF	- 0.64	KO
RRTLX	- 0.62	PG
VIASP	- 0.6	PG
MSTSX	- 0.49	PG

Risk-Adjusted Indicators

There is a big difference between Walmart Stock performing well and Walmart Common 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 Common'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
PG	0.87	(0.07)	0.00	(0.37)	0.00	0.00	1.79	(1.56)	5.65
KO	0.79	0.11	0.03	4.14	0.77	(0.96)	2.16	(1.57)	6.64
LBHIX	8.92	4.91	20.16	(1.05)	0.00	(13.78)	0.24	(0.23)	299.19
MSTSX	0.71	0.12	0.07	0.43	0.68	(0.84)	0.90	(1.12)	13.19
VIASP	0.36	0.03	(0.09)	1.86	0.45	(0.40)	0.89	(0.69)	2.49
RRTLX	0.27	0.03	(0.04)	0.17	0.14	(0.34)	0.57	(0.49)	2.83
WQTM	2.14	(0.09)	0.00	(0.26)	0.00	0.00	3.88	(5.32)	14.88
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SITKF	2.78	(0.38)	0.00	(0.35)	0.00	0.00	5.48	(6.85)	15.86

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