Walmart Correlations

WMT Stock

USD 115.11 0.27 0.24%

The current 90-days correlation between Walmart and Costco Wholesale Corp is 0.38 (i.e., Weak diversification). The correlation of Walmart 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.

Walmart Correlation With Market

Significant diversification

The correlation between Walmart and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walmart and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Walmart Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walmart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For more information on how to buy Walmart Stock please use our How to Invest in Walmart guide.

Moving together with Walmart Stock

0.61

PBCRF

PT Bank Central

Pair Corr

Moving against Walmart Stock

0.58	CMWCF	Cromwell Property	Pair Corr
0.5	DIS	Walt Disney	Pair Corr
0.49	MSFT	Microsoft	Pair Corr
0.42	HCMC	Healthier Choices	Pair Corr
0.35	CVX	Chevron Corp	Pair Corr
0.31	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	COST	OLLI	DG	DLTR	PSMT	BJ	TGT	PG	KO	KR
COST		0.58	0.0	0.0	0.0	0.77	0.03	0.63	-0.55	0.34	COST
OLLI	0.58		0.0	0.0	0.0	0.68	-0.4	0.63	-0.66	0.03	OLLI
DG	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	DG
DLTR	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	DLTR
PSMT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PSMT
BJ	0.77	0.68	0.0	0.0	0.0		-0.03	0.67	-0.43	0.3	BJ
TGT	0.03	-0.4	0.0	0.0	0.0	-0.03		-0.05	0.35	0.07	TGT
PG	0.63	0.63	0.0	0.0	0.0	0.67	-0.05		-0.54	0.16	PG
KO	-0.55	-0.66	0.0	0.0	0.0	-0.43	0.35	-0.54		-0.07	KO
KR	0.34	0.03	0.0	0.0	0.0	0.3	0.07	0.16	-0.07		KR
	COST	OLLI	DG	DLTR	PSMT	BJ	TGT	PG	KO	KR

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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

BJ	+ 0.77	COST
BJ	+ 0.68	OLLI
PG	+ 0.67	BJ
PG	+ 0.63	COST
PG	+ 0.63	OLLI
OLLI	+ 0.58	COST

High negative correlations

KO	- 0.66	OLLI
KO	- 0.55	COST
KO	- 0.54	PG
KO	- 0.43	BJ
TGT	- 0.4	OLLI
KR	- 0.07	KO

Risk-Adjusted Indicators

There is a big difference between Walmart Stock performing well and Walmart 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 Walmart'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
COST	0.83	(0.15)	0.00	(0.54)	0.00	0.00	1.37	(2.34)	6.15
OLLI	1.66	(0.19)	0.00	(0.13)	0.00	0.00	3.59	(3.30)	9.96
DG	1.61	0.29	0.13	0.53	1.74	(1.82)	3.66	(3.56)	8.36
DLTR	1.85	0.23	0.13	0.22	1.66	(2.08)	3.87	(3.01)	8.54
PSMT	1.18	0.14	0.08	0.22	1.33	(1.25)	3.37	(1.69)	12.88
BJ	1.18	(0.16)	0.00	(0.23)	0.00	0.00	2.84	(2.67)	7.06
TGT	1.37	(0.06)	(0.02)	0.03	1.69	(1.40)	3.13	(3.03)	8.22
PG	0.77	(0.16)	0.00	(1.31)	0.00	0.00	1.45	(1.72)	4.70
KO	0.74	0.05	(0.02)	0.91	0.75	(0.87)	1.54	(1.24)	6.64
KR	1.12	(0.11)	0.00	1.70	0.00	0.00	2.35	(2.44)	7.83

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