Costco Wholesale Correlations
| CTO Stock | EUR 735.00 8.50 1.14% |
The correlation of Costco Wholesale 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very good diversification
The correlation between Costco Wholesale and NYA is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Costco Wholesale and NYA in the same portfolio, assuming nothing else is changed.
Costco |
The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Costco Wholesale - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Costco Wholesale to buy it.
Moving together with Costco Stock
| 0.73 | WMT | Walmart Earnings Call This Week | PairCorr |
| 0.73 | WMT | Walmart Earnings Call This Week | PairCorr |
| 0.64 | DR3 | Dollarama | PairCorr |
| 0.61 | KGHA | KGHM Polska Miedz | PairCorr |
Moving against Costco Stock
| 0.62 | DYH | Target | PairCorr |
| 0.58 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.55 | 7DG | Dollar General | PairCorr |
| 0.43 | DT3 | Dollar Tree Earnings Call This Week | PairCorr |
| 0.43 | CSA | Accenture plc | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Costco Stock performing well and Costco Wholesale 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 Costco Wholesale'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 951 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 8SP | 0.97 | 0.02 | 0.01 | 0.06 | 1.08 | 2.44 | 6.74 | |||
| 2DG | 4.78 | 0.23 | 0.03 | 0.54 | 5.71 | 13.04 | 47.58 | |||
| TLX | 1.18 | 0.16 | 0.10 | 0.21 | 1.38 | 2.83 | 6.25 | |||
| TM9 | 2.44 | 0.15 | 0.03 | (0.19) | 4.38 | 7.02 | 35.83 | |||
| INVN | 3.53 | (0.85) | 0.00 | (0.91) | 0.00 | 8.49 | 36.27 | |||
| IUI1 | 1.20 | 0.03 | 0.01 | 1.01 | 1.62 | 2.52 | 7.29 | |||
| 6HW | 0.48 | 0.00 | (0.01) | 0.01 | 0.66 | 1.39 | 7.87 | |||
| NOH1 | 2.80 | 1.35 | 0.67 | (1.83) | 1.03 | 5.42 | 62.47 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Costco Wholesale without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Costco Wholesale Corporate Management
Elected by the shareholders, the Costco Wholesale's board of directors comprises two types of representatives: Costco Wholesale inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Costco. The board's role is to monitor Costco Wholesale's management team and ensure that shareholders' interests are well served. Costco Wholesale'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, Costco Wholesale's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sandy Torrey | Marketing, Membership | Profile | |
| James Murphy | Ex Division | Profile | |
| Russell Miller | Sr Operations | Profile | |
| John Sullivan | Gen VP | Profile | |
| John Thelan | VP Traffic | Profile | |
| Ron Vachris | COO Pres | Profile | |
| Richard Galanti | CFO VP | Profile |
Already Invested in Costco Wholesale?
The danger of trading Costco Wholesale is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Costco Wholesale is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Costco Wholesale. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Costco Wholesale is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Costco Stock analysis
When running Costco Wholesale's price analysis, check to measure Costco Wholesale's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Costco Wholesale is operating at the current time. Most of Costco Wholesale's value examination focuses on studying past and present price action to predict the probability of Costco Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Costco Wholesale's price. Additionally, you may evaluate how the addition of Costco Wholesale to your portfolios can decrease your overall portfolio volatility.
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