Bjs Wholesale Correlations

BJ
 Stock
  

USD 74.47  1.59  2.09%   

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.
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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 Wholesale

+0.73WMTWalmartPairCorr
+0.75DQJCYDon QuijotePairCorr
+0.76PPERYPt Bk MandiriPairCorr
+0.76PPERFBank Mandiri PerseroPairCorr
+0.7BKRKYPt Bank RakyatPairCorr
+0.81PBCRYPt Bnk CentPairCorr

Moving against Bjs Wholesale

-0.68MBFJFMitsubishi Ufj FinanPairCorr
-0.67DLTRDollar TreePairCorr
-0.82PFEPfizer IncPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AF
CRMMSFT
MRKT
FUBER
XOMF
UBERTWTR
  
High negative correlations   
TUBER
MRKUBER
TTWTR
AT
XOMT
MRKTWTR

Bjs Wholesale Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Bjs Wholesale Stock performing well and Bjs Wholesale company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Bjs Wholesale's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.66  0.24  0.08  0.22  2.79  0.1 (1.58)  4.00 (2.55)  15.22 
MSFT 1.31  0.01  0.00 (0.08)  0.00 (0.0109)  0.00  2.43 (2.94)  12.18 
UBER 2.91  0.46  0.13  0.26  3.06  0.11 (3.07)  5.60 (5.13)  25.11 
F 2.26  0.16  0.03  0.00  3.18  0.0272 (2.41)  5.18 (5.04)  18.47 
T 1.01 (0.37)  0.00 (0.64)  0.00 (0.23)  0.00  1.55 (2.33)  9.29 
A 1.57  0.20  0.09  0.07  1.81  0.08 (1.76)  2.87 (3.13)  11.70 
CRM 1.93 (0.08)  0.00 (0.15)  0.00 (0.05)  0.00  3.63 (3.96)  10.76 
JPM 1.32 (0.02)  0.00 (0.11)  0.00 (0.0229)  0.00  2.53 (2.88)  8.06 
MRK 0.87 (0.06)  0.00 (0.22)  0.00 (0.0019)  0.00  1.64 (1.87)  4.57 
XOM 1.74  0.04  0.00 (0.04)  0.00  0.026  0.00  3.33 (3.69)  9.95 

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.

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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 DirectorProfile
Michelle Gloeckler - Independent DirectorProfile
Robert Steele - Lead Independent DirectorProfile
Nishad Chande - Independent DirectorProfile

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.
Continue to Trending Equities. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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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 Wholesale 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.
The market value of Bjs Wholesale Club is measured differently than its book value, which is the value of Bjs Wholesale 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 Bjs Wholesale value 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.