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Benchmark  United States  NYSE  11,026   87.767 Index Moved Up 0.8%  


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Correlation analysis between Big Lots and WalMart 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 is expected to generate 1.03 times less return on investment than WalMart. In addition to that, Big Lots is 1.69 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 0.43 per unit of volatility. If you would invest  7,638  in WalMart Stores Inc on October 24, 2014 and sell it today you would earn a total of  827  from holding WalMart Stores Inc or generate 10.83% return on investment over 30 days.

Correlation Coefficient

0.13
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
 
Change Benchmark  Embed   Returns 

Big Lots Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Big Lots Inc are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Big Lots

Federal National Mortgage Association vs. Big Lots Inc
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AP M vs. Big Lots Inc
Citigroup Inc vs. Big Lots Inc
Industrial and Commercial Bank of China Limited vs. Big Lots Inc
SGS SA vs. Big Lots Inc
Huntington Bancshares Incorporated vs. Big Lots Inc
  

WalMart Stores

  
Compared with the overall equity markets, risk-adjusted returns on investments in WalMart Stores Inc are ranked lower than 25 (%) of all global equities and portfolios over the last 30 days.

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
Tuesday Morning Corporation vs. WalMart Stores Inc
Freds Inc vs. WalMart Stores Inc


 

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