Correlation Analysis Between Fossil and Dollar Tree

This module allows you to analyze existing cross correlation between Fossil Group and Dollar Tree. You can compare the effects of market volatilities on Fossil and Dollar Tree 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 Fossil with a short position of Dollar Tree. See also your portfolio center. Please also check ongoing floating volatility patterns of Fossil and Dollar Tree.
 Time Horizon     30 Days    Login   to change

Fossil Group Inc  vs.  Dollar Tree Inc

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, Fossil Group is expected to under-perform the Dollar Tree. In addition to that, Fossil is 4.77 times more volatile than Dollar Tree. It trades about -0.05 of its total potential returns per unit of risk. Dollar Tree is currently generating about 0.37 per unit of volatility. If you would invest  8,799  in Dollar Tree on July 21, 2018 and sell it today you would earn a total of  762.00  from holding Dollar Tree or generate 8.66% return on investment over 30 days.

Pair Corralation between Fossil and Dollar Tree

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Excellent diversification

Overlapping area represents the amount of risk that can be diversified away by holding Fossil Group Inc and Dollar Tree Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Dollar Tree and Fossil is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Fossil Group are associated (or correlated) with Dollar Tree. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dollar Tree has no effect on the direction of Fossil i.e. Fossil and Dollar Tree go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
Fossil Group  

Risk-Adjusted Performance

Over the last 30 days Fossil Group has generated negative risk-adjusted returns adding no value to investors with long positions.
Dollar Tree  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Dollar Tree are ranked lower than 24 (%) of all global equities and portfolios over the last 30 days.

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