Continental Correlations

Stocks . USA . 
Stock . Caleres
CAL Stock  USD 31.07  0.56  1.77%   
The current 90-days correlation between Continental and Wolverine World Wide is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Continental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caleres moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Continental Correlation With Market

Weak diversification

The correlation between Caleres and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caleres 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 Caleres. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Continental Stock

  0.75DKS Dicks Sporting GoodsPairCorr
  0.88ZUMZ Zumiez IncPairCorr
  0.64TM Toyota MotorPairCorr
  0.81DOOO BRP IncPairCorr

Moving against Continental Stock

  0.67RH RH Earnings Call This WeekPairCorr
  0.64HD Home DepotPairCorr
  0.64WOOF Pet Acquisition LLCPairCorr
  0.64LOW Lowes Companies Sell-off TrendPairCorr
  0.55VSCO Victorias SecretPairCorr
  0.52WRBY Warby ParkerPairCorr
  0.49FNKO Funko IncPairCorr
  0.41WEYS Weyco GroupPairCorr
  0.34TLF Tandy Leather FactoryPairCorr
  0.71DOGZ Dogness InternationalPairCorr
  0.69RL Ralph Lauren CorpPairCorr
  0.63TTSH Tile Shop HoldingsPairCorr
  0.49ORLY OReilly AutomotivePairCorr
  0.41GM General MotorsPairCorr
  0.38BC BrunswickPairCorr
  0.34SN SharkNinja,PairCorr
  0.72EVRI Everi HoldingsPairCorr
  0.67AGS PlayAGSPairCorr

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   
DBI
+ 0.83
RCKY
WEYS
+ 0.75
WWW
DBI
+ 0.68
SHOO
SHOO
+ 0.55
RCKY
DBI
+ 0.23
VRA
WEYS
+ 0.22
VRA
  
High negative correlations   
WEYS
- 0.73
RCKY
RCKY
- 0.72
WWW
DBI
- 0.53
WEYS
DBI
- 0.53
WWW
WEYS
- 0.28
SHOO
SHOO
- 0.2
WWW

Risk-Adjusted Indicators

There is a big difference between Continental Stock performing well and Continental 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 Continental'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY