Big 5 Correlations

BGFV Stock

USD 1.77 0.07 4.12%

The current 90-days correlation between Big 5 Sporting and Leslies is -0.04 (i.e., Good diversification). The correlation of Big 5 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.

Big 5 Correlation With Market

Average diversification

The correlation between Big 5 Sporting and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Big 5 Sporting and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Big 5 Sporting. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Big Stock

0.65	DIBS	1StdibsCom	Pair Corr
0.71	YJ	Yunji Inc	Pair Corr
0.73	AEO	American Eagle Outfitters	Pair Corr
0.73	ASO	Academy Sports Outdoors	Pair Corr
0.72	BBY	Best Buy	Pair Corr
0.65	DIT	AMCON Distributing	Pair Corr
0.62	GPC	Genuine Parts	Pair Corr
0.71	HVT	Haverty Furniture	Pair Corr
0.76	KSS	Kohls Corp	Pair Corr

Moving against Big Stock

0.7	VSCO	Victorias Secret	Pair Corr
0.68	WRBY	Warby Parker	Pair Corr
0.64	LB	LandBridge Company	Pair Corr
0.51	WEYS	Weyco Group	Pair Corr
0.69	GME	GameStop Corp Downward Rally	Pair Corr
0.67	EYE	National Vision Holdings	Pair Corr
0.63	ABG	Asbury Automotive	Pair Corr
0.59	GPI	Group 1 Automotive	Pair Corr
0.5	DDS	Dillards	Pair Corr
0.42	GAP	Gap, Symbol Change	Pair Corr
0.68	LAD	Lithia Motors	Pair Corr
0.68	SAH	Sonic Automotive	Pair Corr
0.59	GLBE	Global E Online	Pair Corr

Related Correlations Analysis

	LESL	SBH	CONN	HZO	SPWH	EYE	BBWI	WSM	DKS	FLWS
LESL		-0.07	0.08	0.02	-0.07	0.16	-0.23	-0.16	-0.1	-0.13	LESL
SBH	-0.07		-0.26	0.46	-0.04	0.63	0.58	0.54	0.03	0.23	SBH
CONN	0.08	-0.26		0.41	0.35	-0.42	-0.49	-0.18	0.58	-0.44	CONN
HZO	0.02	0.46	0.41		0.4	0.23	0.22	0.36	0.4	0.16	HZO
SPWH	-0.07	-0.04	0.35	0.4		-0.39	-0.35	-0.11	-0.02	0.09	SPWH
EYE	0.16	0.63	-0.42	0.23	-0.39		0.6	0.42	-0.19	0.34	EYE
BBWI	-0.23	0.58	-0.49	0.22	-0.35	0.6		0.52	0.1	0.43	BBWI
WSM	-0.16	0.54	-0.18	0.36	-0.11	0.42	0.52		0.11	-0.07	WSM
DKS	-0.1	0.03	0.58	0.4	-0.02	-0.19	0.1	0.11		-0.06	DKS
FLWS	-0.13	0.23	-0.44	0.16	0.09	0.34	0.43	-0.07	-0.06		FLWS
	LESL	SBH	CONN	HZO	SPWH	EYE	BBWI	WSM	DKS	FLWS

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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

EYE	+ 0.63	SBH
BBWI	+ 0.6	EYE
BBWI	+ 0.58	SBH
DKS	+ 0.58	CONN
WSM	+ 0.54	SBH
WSM	+ 0.52	BBWI

High negative correlations

BBWI	- 0.49	CONN
FLWS	- 0.44	CONN
EYE	- 0.42	CONN
EYE	- 0.39	SPWH
BBWI	- 0.35	SPWH
CONN	- 0.26	SBH

Risk-Adjusted Indicators

There is a big difference between Big Stock performing well and Big 5 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 Big 5'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
LESL	4.25	(0.06)	(0.01)	0.07	6.73	(4.48)	10.03	(7.26)	51.00
SBH	1.94	(0.01)	0.01	0.12	1.81	(2.36)	4.86	(2.78)	12.66
CONN	7.71	(5.21)	0.00	(8.15)	0.00	0.00	10.49	(28.10)	62.98
HZO	2.64	(0.24)	0.01	0.05	2.87	(3.07)	6.01	(4.71)	18.16
SPWH	3.91	(0.05)	(0.02)	0.06	4.26	(4.37)	9.39	(6.37)	18.28
EYE	1.92	0.16	0.05	0.43	1.93	(2.22)	4.82	(2.84)	10.35
BBWI	2.10	0.13	0.04	0.31	2.12	(2.39)	5.44	(3.66)	18.05
WSM	2.01	0.41	0.15	2.47	1.72	(2.41)	3.41	(3.07)	29.71
DKS	1.49	(0.27)	0.00	(0.24)	0.00	0.00	2.97	(3.16)	7.73
FLWS	1.89	(0.33)	0.00	(0.08)	0.00	0.00	3.87	(3.95)	13.16

Big 5 Corporate Executives

Elected by the shareholders, the Big 5's board of directors comprises two types of representatives: Big 5 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Big. The board's role is to monitor Big 5's management team and ensure that shareholders' interests are well served. Big 5'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, Big 5's outside directors are responsible for providing unbiased perspectives on the board's policies.

Barry Emerson

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