Cabelas Related Correlations

Specify up to 10 symbols: PTDFSSTEPPFLTGGN-PBSWKHMCVTFDVA Add Equities

Please note, there is a significant difference between Cabelas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cabelas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cabelas' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations    STEP + 0.47 DFS FDVA + 0.36 MCVT PFLT + 0.29 STEP FDVA + 0.27 GGN-PB SWKH + 0.24 STEP FDVA + 0.17 PT

High negative correlations    FDVA - 0.86 DFS SWKH - 0.59 PT MCVT - 0.54 DFS FDVA - 0.37 STEP GGN-PB - 0.34 STEP GGN-PB - 0.33 PFLT

Risk-Adjusted Indicators

There is a big difference between Cabelas Stock performing well and Cabelas Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cabelas' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.