Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  10,572   131.373 Index Moved Down -1.23%  


Processing
Collecting data for BIG and WMT ...

Correlation analysis between Big Lots and WalMart

   
Investment horizon:  
  30 Days    Login   to change
This module allows you to analyze existing cross correlation between Big Lots Inc and WalMart Stores Inc. You can compare the effects of market volatilities on Big Lots and WalMart and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Big Lots with a short position of WalMart. Please also check ongoing floating volatility patterns of Big Lots and WalMart.
 
 Big Lots Inc.  vs   WalMart Stores Inc.
Daily Returns (%)
WMT   BIG   
 
Change Benchmark  Embed   Timeline 
Considering 30-days investment horizon, Big Lots Inc is expected to under-perform the WalMart. In addition to that, Big Lots is 1.57 times more volatile than WalMart Stores Inc. It trades about -0.25 of its total potential returns per unit of risk. WalMart Stores Inc is currently generating about 0.01 per unit of volatility. If you would invest  7,601  in WalMart Stores Inc on September 1, 2014 and sell it today you would earn a total of  11.00  from holding WalMart Stores Inc or generate 0.14% return on investment over 30 days.

Correlation Coefficient

0.16
Parameters
Time Period1 Month [change]
DirectionPositive WMT Moved Up vs BIG
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Average diversification
Overlapping area represents amount of risk that can be diversified away by holding Big Lots Inc. and WalMart Stores Inc. in the same portfolio assuming nothing else is changed
Investing ideals could easily outperform a given market if properly optimized
Get WalMart Stores Inc research report. Reports are available in pdf format. Click WalMart Report to view
  
WalMart Report  
Get Big Lots Inc research report. Reports are available in pdf format. Click Big Lots Report to view
  
Big Lots Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
WMT   BIG   

Big Lots Inc

  
Over the last 30 days Big Lots Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Big Lots

WalMart Stores Inc vs. Big Lots Inc
Costco Wholesale Corporation vs. Big Lots Inc
Target Corp vs. Big Lots Inc
Dollar Tree Inc vs. Big Lots Inc
Family Dollar Stores Inc vs. Big Lots Inc
zulily Inc vs. Big Lots Inc
PriceSmart Inc vs. Big Lots Inc
Tuesday Morning Corporation vs. Big Lots Inc
Freds Inc vs. Big Lots Inc
  

WalMart Stores

  
Over the last 30 days WalMart Stores Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for WalMart

Costco Wholesale Corporation vs. WalMart Stores Inc
Target Corp vs. WalMart Stores Inc
Dollar Tree Inc vs. WalMart Stores Inc
Family Dollar Stores Inc vs. WalMart Stores Inc
zulily Inc vs. WalMart Stores Inc
PriceSmart Inc vs. WalMart Stores Inc
Big Lots Inc vs. WalMart Stores Inc
Tuesday Morning Corporation vs. WalMart Stores Inc
Freds Inc vs. WalMart Stores Inc


 

Analytics

Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder
 
 

Research Modules

Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management
 

Services And Technology

Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing
 

Free Investor Tools

World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis
 

About Us

About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities