Five Below Correlations

FIVE Stock

USD 93.01 4.11 4.62%

The current 90-days correlation between Five Below and Williams Sonoma is 0.17 (i.e., Average 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 -0.1 (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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Five Below. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For information on how to trade Five Stock refer to our How to Trade Five Stock guide.

Moving together with Five Stock

0.71	FNKO	Funko Inc	Pair Corr
0.62	CPNG	Coupang LLC	Pair Corr
0.7	VEEE	Twin Vee Powercats	Pair Corr

Moving against Five Stock

0.37	ABG	Asbury Automotive	Pair Corr
0.36	GME	GameStop Corp Aggressive Push	Pair Corr
0.33	BGI	Birks Group	Pair Corr
0.49	FEDU	Four Seasons Education	Pair Corr
0.48	VC	Visteon Corp	Pair Corr
0.4	EDTK	Skillful Craftsman	Pair Corr
0.32	AXL	American Axle Manufa	Pair Corr

Related Correlations Analysis

	ORLY	AZO	GPC	WSM	ULTA	BBY	RH	AAP	TSCO	DKS
ORLY		0.32	-0.48	0.13	-0.33	-0.52	0.55	-0.21	0.33	-0.45	ORLY
AZO	0.32		0.27	-0.22	-0.13	0.01	-0.2	0.42	0.26	0.35	AZO
GPC	-0.48	0.27		0.17	0.2	0.64	-0.22	0.52	0.33	0.69	GPC
WSM	0.13	-0.22	0.17		-0.13	0.1	0.63	0.06	0.31	0.04	WSM
ULTA	-0.33	-0.13	0.2	-0.13		0.37	0.17	-0.02	0.01	0.01	ULTA
BBY	-0.52	0.01	0.64	0.1	0.37		-0.13	-0.05	0.36	0.29	BBY
RH	0.55	-0.2	-0.22	0.63	0.17	-0.13		-0.23	0.44	-0.34	RH
AAP	-0.21	0.42	0.52	0.06	-0.02	-0.05	-0.23		-0.19	0.8	AAP
TSCO	0.33	0.26	0.33	0.31	0.01	0.36	0.44	-0.19		-0.08	TSCO
DKS	-0.45	0.35	0.69	0.04	0.01	0.29	-0.34	0.8	-0.08		DKS
	ORLY	AZO	GPC	WSM	ULTA	BBY	RH	AAP	TSCO	DKS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

DKS	+ 0.8	AAP
DKS	+ 0.69	GPC
BBY	+ 0.64	GPC
RH	+ 0.63	WSM
RH	+ 0.55	ORLY
AAP	+ 0.52	GPC

High negative correlations

BBY	- 0.52	ORLY
GPC	- 0.48	ORLY
DKS	- 0.45	ORLY
DKS	- 0.34	RH
ULTA	- 0.33	ORLY
AAP	- 0.23	RH

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
ORLY	0.83	0.05	0.03	0.19	0.84	(0.86)	1.40	(1.55)	7.77
AZO	1.05	(0.09)	(0.11)	(0.01)	1.19	(1.09)	2.14	(1.68)	6.36
GPC	1.40	(0.26)	0.00	(0.10)	0.00	0.00	2.85	(2.36)	23.82
WSM	2.00	0.43	0.16	2.93	1.73	(2.42)	3.41	(3.07)	29.00
ULTA	1.41	(0.13)	0.00	(0.08)	0.00	0.00	2.89	(3.24)	8.40
BBY	1.37	(0.01)	(0.05)	0.08	1.77	(1.36)	2.26	(3.09)	18.06
RH	2.22	0.42	0.22	0.53	1.62	(2.88)	4.95	(2.84)	29.32
AAP	2.35	(0.28)	0.00	(0.10)	0.00	0.00	5.43	(4.63)	15.49
TSCO	1.12	(0.06)	(0.04)	0.06	1.55	(1.14)	2.16	(2.25)	9.44
DKS	1.45	(0.23)	0.00	(0.18)	0.00	0.00	2.97	(3.16)	7.73

Five Below Corporate Management

Michael Romanko	Executive VP of Merchandising	Profile
Christiane Pelz	Vice Relations	Profile
Ronald Masciantonio	Secretary	Profile
Amit Jhunjhunwala	Chief Officer	Profile
Ronald JD	Secretary	Profile

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