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Correlation Between Lands End and Build A

Analyzing existing cross correlation between Lands End and Build A Bear Workshop. You can compare the effects of market volatilities on Lands End and Build A 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 Lands End with a short position of Build A. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lands End and Build A.

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Diversification Opportunities for Lands End and Build A

Lands End Inc diversification synergy
-0.45
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<div class='circular--portrait-small' style='background:#CD0D74;color: white;font-size:1.1em;padding-top: 12px;;'>BBW</div>

Very good diversification

The 3 months correlation between Lands and Build is -0.45. Overlapping area represents the amount of risk that can be diversified away by holding Lands End Inc and Build A Bear Workshop Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Build A Bear and Lands End 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 Lands End are associated (or correlated) with Build A. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Build A Bear has no effect on the direction of Lands End i.e. Lands End and Build A go up and down completely randomly.

Pair Corralation between Lands End and Build A

Allowing for the 30-days total investment horizon, Lands End is expected to generate 37.87 times less return on investment than Build A. But when comparing it to its historical volatility, Lands End is 1.22 times less risky than Build A. It trades about 0.01 of its potential returns per unit of risk. Build A Bear Workshop is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest  292.00  in Build A Bear Workshop on January 24, 2020 and sell it today you would earn a total of  185.00  from holding Build A Bear Workshop or generate 63.36% return on investment over 30 days.
Time Period3 Months [change]
DirectionMoves Against 
StrengthVery Weak
Accuracy98.41%
ValuesDaily Returns

Lands End Inc  vs.  Build A Bear Workshop Inc

 Performance (%) 
    
  Timeline 
Lands End 
00

Risk-Adjusted Performance

Over the last 30 days Lands End has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Lands End is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders.
Build A Bear 
1212

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Build A Bear Workshop are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days. Inspite fairly unfluctuating primary indicators, Build A showed solid returns over the last few months and may actually be approaching a breakup point.

Lands End and Build A Volatility Contrast

 Predicted Return Density 
    
  Returns 
Check out your portfolio center. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.