Kroger Correlations

0JS2 Stock

65.59 0.78 1.18%

The correlation of Kroger is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Kroger Correlation With Market

Good diversification

The correlation between Kroger Co and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kroger Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kroger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kroger 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 Kroger - 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 Kroger Co to buy it.

Moving together with Kroger Stock

0.73	0R6V	mobilezone holding	Pair Corr
0.77	0R07	Pan American Silver	Pair Corr
0.68	0QP1	Chocoladefabriken Lindt	Pair Corr
0.64	FAIR	Fair Oaks Income	Pair Corr
0.7	HTWS	Helios Towers Plc	Pair Corr
0.7	0HRS	CVS Health Corp	Pair Corr
0.81	VTA	Volta Finance Limited	Pair Corr
0.63	SLP	Sylvania Platinum	Pair Corr
0.68	AZN	AstraZeneca PLC	Pair Corr
0.82	ADM	Admiral Group PLC	Pair Corr
0.69	PANR	Pantheon Resources	Pair Corr
0.64	0QPJ	Cembra Money Bank	Pair Corr
0.77	0QG9	Prosiebensat 1 Media	Pair Corr
0.77	0QZK	Coca Cola	Pair Corr
0.73	DSG	Dillistone Group	Pair Corr
0.69	LGEN	Legal General Group	Pair Corr
0.65	SFT	Software Circle plc	Pair Corr

Moving against Kroger Stock

0.57	TYT	Toyota Motor Corp	Pair Corr
0.51	RIGD	Reliance Industries	Pair Corr
0.44	KOD	Kodal Minerals PLC	Pair Corr

Related Correlations Analysis

	0FQR	0Y9S	LINV	0MGE	CAPD	BIRG	0HBH
0FQR		0.59	0.3	0.5	-0.49	0.57	0.54	0FQR
0Y9S	0.59		0.76	0.83	-0.71	0.86	0.33	0Y9S
LINV	0.3	0.76		0.87	-0.54	0.78	-0.1	LINV
0MGE	0.5	0.83	0.87		-0.71	0.93	-0.01	0MGE
CAPD	-0.49	-0.71	-0.54	-0.71		-0.8	-0.06	CAPD
BIRG	0.57	0.86	0.78	0.93	-0.8		0.15	BIRG
0HBH	0.54	0.33	-0.1	-0.01	-0.06	0.15		0HBH
	0FQR	0Y9S	LINV	0MGE	CAPD	BIRG	0HBH

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BIRG	+ 0.93	0MGE
0MGE	+ 0.87	LINV
BIRG	+ 0.86	0Y9S
0MGE	+ 0.83	0Y9S
BIRG	+ 0.78	LINV
LINV	+ 0.76	0Y9S

High negative correlations

BIRG	- 0.8	CAPD
CAPD	- 0.71	0MGE
CAPD	- 0.71	0Y9S
CAPD	- 0.54	LINV
CAPD	- 0.49	0FQR
0HBH	- 0.1	LINV

Risk-Adjusted Indicators

There is a big difference between Kroger Stock performing well and Kroger 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 Kroger'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
0FQR	0.30	0.02	0.25	0.04	0.34	(0.33)	0.65	(0.52)	2.14
0Y9S	1.23	0.36	0.30	0.47	1.04	(1.42)	3.30	(1.96)	9.49
LINV	0.93	0.11	0.11	(2.01)	0.96	(2.31)	2.22	(2.08)	8.07
0MGE	1.24	0.35	0.17	0.39	1.87	(1.38)	3.11	(1.94)	10.30
CAPD	2.08	(0.34)	0.00	(0.41)	0.00	0.00	4.57	(4.60)	26.25
BIRG	1.48	0.51	0.35	1.91	1.27	(1.72)	4.36	(2.13)	9.96
0HBH	1.20	(0.05)	0.00	(0.23)	0.00	0.00	2.20	(2.38)	7.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kroger 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?

Run Technical Analysis Now

Technical Analysis

Check basic technical indicators and analysis based on most latest market data

All Next

Launch Module

Kroger Corporate Executives

Elected by the shareholders, the Kroger's board of directors comprises two types of representatives: Kroger inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kroger. The board's role is to monitor Kroger's management team and ensure that shareholders' interests are well served. Kroger's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kroger's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Todd Foley	Group CFO	Profile
	Gary Millerchip	Senior CFO	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC