Carters Correlations

CRI Stock

USD 55.01 0.25 0.46%

The current 90-days correlation between Carters and Childrens Place is -0.02 (i.e., Good diversification). The correlation of Carters 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.

Carters Correlation With Market

Average diversification

The correlation between Carters and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carters 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 Carters. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Carters Stock please use our How to Invest in Carters guide.

Moving together with Carters Stock

0.79	DOOO	BRP Inc Earnings Call Today	Pair Corr
0.86	CCS	Century Communities	Pair Corr
0.61	DFH	Dream Finders Homes	Pair Corr
0.93	DHI	DR Horton	Pair Corr
0.73	HAS	Hasbro Inc Sell-off Trend	Pair Corr
0.72	MTH	Meritage	Pair Corr
0.68	NKE	Nike Inc Aggressive Push	Pair Corr
0.68	SKX	Skechers USA	Pair Corr
0.63	TPH	TRI Pointe Homes	Pair Corr
0.61	GOOS	Canada Goose Holdings	Pair Corr
0.76	JXJT	JX Luxventure Limited	Pair Corr
0.79	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Carters Stock

0.78	KTB	Kontoor Brands	Pair Corr
0.76	RL	Ralph Lauren Corp	Pair Corr
0.71	DOGZ	Dogness International Upward Rally	Pair Corr
0.68	FOSL	Fossil Group	Pair Corr
0.61	UA	Under Armour C	Pair Corr
0.55	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr
0.55	PVH	PVH Corp	Pair Corr
0.55	REE	Ree Automotive Holding Earnings Call Today	Pair Corr
0.35	FORD	Forward Industries	Pair Corr
0.85	LULU	Lululemon Athletica Earnings Call This Week	Pair Corr
0.74	WWW	Wolverine World Wide	Pair Corr
0.74	SONO	Sonos Inc	Pair Corr
0.68	UAA	Under Armour A Aggressive Push	Pair Corr
0.65	CVCO	Cavco Industries	Pair Corr
0.64	BH	Biglari Holdings	Pair Corr
0.6	MYTE	MYT Netherlands Parent	Pair Corr
0.52	ONON	On Holding Sell-off Trend	Pair Corr
0.52	TMHC	Taylor Morn Home	Pair Corr
0.47	HD	Home Depot Sell-off Trend	Pair Corr
0.45	UHG	United Homes Group	Pair Corr

Related Correlations Analysis

	PLCE	GIL	OXM	COLM	PVH
PLCE		0.66	-0.22	0.19	0.24	PLCE
GIL	0.66		-0.64	0.13	0.52	GIL
OXM	-0.22	-0.64		0.31	-0.08	OXM
COLM	0.19	0.13	0.31		0.67	COLM
PVH	0.24	0.52	-0.08	0.67		PVH
	PLCE	GIL	OXM	COLM	PVH

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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

PVH	+ 0.67	COLM
GIL	+ 0.66	PLCE
PVH	+ 0.52	GIL
COLM	+ 0.31	OXM
PVH	+ 0.24	PLCE
COLM	+ 0.19	PLCE

High negative correlations

OXM	- 0.64	GIL
OXM	- 0.22	PLCE
PVH	- 0.08	OXM

Risk-Adjusted Indicators

There is a big difference between Carters Stock performing well and Carters 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 Carters' 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
PLCE	7.90	1.89	0.29	0.97	6.09	(10.21)	24.62	(11.60)	107.65
GIL	0.78	0.16	0.07	0.82	0.75	(0.85)	2.01	(1.52)	5.23
OXM	1.46	(0.23)	0.00	(0.05)	0.00	0.00	3.18	(3.12)	8.17
COLM	1.25	0.00	(0.03)	0.13	1.55	(1.23)	2.53	(2.36)	7.71
PVH	1.41	(0.08)	(0.03)	0.05	1.87	(1.58)	3.18	(3.16)	7.17

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