Walmart Correlations

Stocks . USA . 
Stock . Walmart
WMT Stock  USD 95.42  0.55  0.58%   
The current 90-days correlation between Walmart and Costco Wholesale Corp is 0.53 (i.e., Very 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Walmart Correlation With Market

Significant diversification

The correlation between Walmart and DJI is 0.04 (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.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walmart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Walmart Stock please use our How to Invest in Walmart guide.

Moving together with Walmart Stock

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Moving against Walmart Stock

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Related Correlations Analysis

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