Five Below Correlations
| 6F1 Stock | EUR 100.95 3.15 3.03% |
The current 90-days correlation between Five Below and eBay Inc is -0.11 (i.e., Good diversification). The correlation of Five Below 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.
Five Below Correlation With Market
Good diversification
The correlation between Five Below and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Five Below and DJI in the same portfolio, assuming nothing else is changed.
Five |
The ability to find closely correlated positions to Five Below could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Five Below 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 Five Below - 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 Five Below to buy it.
Moving together with Five Stock
| 0.68 | AZ5 | AutoZone | PairCorr |
| 0.83 | 34U | Ulta Beauty | PairCorr |
| 0.78 | 3E2 | Etsy Inc | PairCorr |
| 0.81 | APC | Apple Inc | PairCorr |
| 0.73 | SYY | Sysco | PairCorr |
| 0.66 | PTX | Palantir Technologies | PairCorr |
| 0.71 | VAI | Vail Resorts | PairCorr |
| 0.61 | PPB | Flutter Entertainment PLC | PairCorr |
Moving against Five Stock
| 0.8 | PQ9 | BANK MANDIRI | PairCorr |
| 0.59 | BYRA | PT Bank Rakyat | PairCorr |
| 0.53 | PQ9 | BANK MANDIRI | PairCorr |
| 0.52 | PQ9 | BANK MANDIRI | PairCorr |
| 0.51 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.51 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.5 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.37 | MLB1 | MercadoLibre | PairCorr |
| 0.31 | BUY | Best Buy | PairCorr |
| 0.31 | BYRA | PT Bank Rakyat | PairCorr |
| 0.31 | VAR1 | Varta AG | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Five Stock performing well and Five Below 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 Five Below'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MLB1 | 2.22 | (0.15) | 0.00 | 0.41 | 0.00 | 3.81 | 19.55 | |||
| OM6 | 1.16 | 0.22 | 0.18 | 0.29 | 0.95 | 3.35 | 5.97 | |||
| AZ5 | 1.01 | 0.21 | 0.21 | 1.03 | 0.68 | 2.37 | 9.99 | |||
| TR4 | 1.30 | 0.10 | 0.06 | 0.18 | 1.44 | 3.19 | 9.63 | |||
| 34U | 1.77 | 0.17 | 0.08 | 0.25 | 1.76 | 3.99 | 15.54 | |||
| EBA | 1.26 | 0.13 | 0.05 | 1.05 | 1.95 | 3.49 | 12.20 | |||
| GPT | 1.63 | (0.16) | 0.00 | (0.10) | 0.00 | 3.63 | 23.22 | |||
| BUY | 1.31 | (0.10) | 0.00 | (0.19) | 0.00 | 2.73 | 9.37 | |||
| 3E2 | 1.96 | 0.19 | 0.07 | 0.37 | 2.35 | 3.87 | 17.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Five Below 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.Did you try this?
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Five Below Corporate Executives
Elected by the shareholders, the Five Below's board of directors comprises two types of representatives: Five Below inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Five. The board's role is to monitor Five Below's management team and ensure that shareholders' interests are well served. Five Below'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, Five Below's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kenneth Bull | CFO, Treasurer, Secretary | Profile |