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Benchmark  United States  NYSE  10,533   27.041 Index Moved Up 0.26%  


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Correlation analysis between Big Lots and WalMart

 
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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. Please also check ongoing floating volatility patterns of Big Lots and WalMart.
 
 Big Lots Inc.  vs   WalMart Stores Inc.
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Daily Returns (%)
WMT   BIG   
 
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Considering 30-days investment horizon, Big Lots Inc is expected to generate 1.7 times more return on investment than WalMart. However, Big Lots is 1.7 times more volatile than WalMart Stores Inc. It trades about 0.17 of its potential returns per unit of risk. WalMart Stores Inc is currently generating about 0.11 per unit of risk. If you would invest  3,690  in Big Lots Inc on March 22, 2014 and sell it today you would earn a total of  182.00  from holding Big Lots Inc or generate 4.93% return on investment over 30 days.

Diversification

Good 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

Correlation Coefficient

-0.09
Parameters
Time Period1 Month [change]
DirectionNegative BIG Moved Down vs WMT
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
WMT   BIG   

Big Lots Inc

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in Big Lots Inc are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for Big Lots

WalMart Stores Inc vs. Big Lots Inc
Costco Wholesale Corporation vs. Big Lots Inc
Vipshop Holdings Limited vs. Big Lots Inc
Freds Inc vs. Big Lots Inc
Tuesday Morning Corporation vs. Big Lots Inc
  

WalMart Stores Inc

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in WalMart Stores Inc are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for WalMart

Costco Wholesale Corporation vs. WalMart Stores Inc
Vipshop Holdings Limited vs. WalMart Stores Inc
Big Lots Inc vs. WalMart Stores Inc
Freds Inc vs. WalMart Stores Inc
Tuesday Morning Corporation vs. WalMart Stores Inc