BJs Wholesale Correlations
BJ Stock | USD 76.40 1.31 1.74% |
The correlation of BJs Wholesale is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BJs Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BJs Wholesale Club moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between BJs Wholesale Club and NYA is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BJs Wholesale Club and NYA in the same portfolio, assuming nothing else is changed.
BJs |
The ability to find closely correlated positions to BJs Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BJs Wholesale when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BJs Wholesale - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BJs Wholesale Club to buy it.
Moving together with BJs Stock
0.87 | DG | Dollar General Report 21st of March 2024 | PairCorr |
0.8 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
0.74 | CL | Colgate-Palmolive Fiscal Quarter End 31st of March 2024 | PairCorr |
0.69 | EL | Estee Lauder Companies Financial Report 1st of May 2024 | PairCorr |
0.87 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
0.61 | PG | Procter Gamble Sell-off Trend | PairCorr |
Moving against BJs Stock
0.78 | IH | IhumanInc Report 29th of March 2024 | PairCorr |
0.7 | VDKB | Vodka Brands Corp | PairCorr |
0.63 | DNUT | Krispy Kreme Financial Report 9th of May 2024 | PairCorr |
0.54 | LW | Lamb Weston Holdings Report 4th of April 2024 | PairCorr |
0.44 | YI | 111 Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
UBER | GNZUF | FUV | CDNS | BC | NTWK | BILL | ||
UBER | -0.27 | -0.9 | 0.87 | -0.28 | 0.86 | -0.81 | UBER | |
GNZUF | -0.27 | 0.4 | -0.46 | 0.27 | -0.04 | 0.05 | GNZUF | |
FUV | -0.9 | 0.4 | -0.89 | 0.29 | -0.75 | 0.75 | FUV | |
CDNS | 0.87 | -0.46 | -0.89 | -0.38 | 0.6 | -0.64 | CDNS | |
BC | -0.28 | 0.27 | 0.29 | -0.38 | -0.13 | 0.41 | BC | |
NTWK | 0.86 | -0.04 | -0.75 | 0.6 | -0.13 | -0.84 | NTWK | |
BILL | -0.81 | 0.05 | 0.75 | -0.64 | 0.41 | -0.84 | BILL | |
UBER | GNZUF | FUV | CDNS | BC | NTWK | BILL |
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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
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Risk-Adjusted Indicators
There is a big difference between BJs Stock performing well and BJs Wholesale 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 BJs Wholesale's 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
UBER | 1.56 | 0.10 | 0.11 | 0.19 | 1.53 | 2.83 | 18.39 | |||
GNZUF | 2.43 | (0.01) | 0.00 | 0.16 | 0.00 | 7.32 | 23.98 | |||
FUV | 3.06 | (0.70) | 0.00 | (1.09) | 0.00 | 5.63 | 32.20 | |||
CDNS | 1.42 | 0.01 | 0.02 | 0.14 | 1.54 | 3.57 | 8.70 | |||
BC | 1.48 | (0.19) | (0.04) | 0.03 | 1.78 | 2.80 | 12.86 | |||
NTWK | 2.99 | 0.81 | 0.12 | (0.28) | 2.93 | 6.31 | 26.09 | |||
BILL | 2.26 | (0.45) | 0.00 | (0.03) | 0.00 | 4.49 | 21.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BJs Wholesale without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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BJs Wholesale Corporate Directors
BJs Wholesale corporate directors refer to members of a BJs Wholesale board of directors. The board of directors generally takes responsibility for the BJs Wholesale's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of BJs Wholesale's board members must vote for the resolution. The BJs Wholesale board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Jonathan Seiffer | Independent Director | Profile | |
Michelle Gloeckler | Independent Director | Profile | |
Robert Steele | Lead Independent Director | Profile | |
Nishad Chande | Independent Director | Profile |
Already Invested in BJs Wholesale Club?
The danger of trading BJs Wholesale Club is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of BJs Wholesale is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than BJs Wholesale. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile BJs Wholesale Club is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether BJs Wholesale Club is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if BJs Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Bjs Wholesale Club Stock. Highlighted below are key reports to facilitate an investment decision about Bjs Wholesale Club Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BJs Wholesale Club. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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When running BJs Wholesale's price analysis, check to measure BJs Wholesale's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BJs Wholesale is operating at the current time. Most of BJs Wholesale's value examination focuses on studying past and present price action to predict the probability of BJs Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BJs Wholesale's price. Additionally, you may evaluate how the addition of BJs Wholesale to your portfolios can decrease your overall portfolio volatility.
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Is BJs Wholesale's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BJs Wholesale. If investors know BJs will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BJs Wholesale listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.133 | Earnings Share 3.74 | Revenue Per Share 150.087 | Quarterly Revenue Growth 0.087 | Return On Assets 0.0768 |
The market value of BJs Wholesale Club is measured differently than its book value, which is the value of BJs that is recorded on the company's balance sheet. Investors also form their own opinion of BJs Wholesale's value that differs from its market value or its book value, called intrinsic value, which is BJs Wholesale's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BJs Wholesale's market value can be influenced by many factors that don't directly affect BJs Wholesale's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BJs Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine if BJs Wholesale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BJs Wholesale's 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.