Albertsons Companies Correlations

ACI Stock

USD 20.80 0.34 1.61%

The current 90-days correlation between Albertsons Companies and Sprouts Farmers Market is 0.07 (i.e., Significant diversification). The correlation of Albertsons Companies 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.

Albertsons Companies Correlation With Market

Modest diversification

The correlation between Albertsons Companies and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Albertsons Companies and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albertsons Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more detail on how to invest in Albertsons Stock please use our How to Invest in Albertsons Companies guide.

Moving together with Albertsons Stock

0.84	BJ	BJs Wholesale Club	Pair Corr
0.67	SPTN	SpartanNash	Pair Corr
0.82	K	Kellanova Sell-off Trend	Pair Corr
0.77	KO	Coca Cola	Pair Corr
0.78	KR	Kroger Company	Pair Corr
0.69	MO	Altria Group	Pair Corr
0.8	PM	Philip Morris Intern	Pair Corr
0.71	YQ	17 Education Technology	Pair Corr
0.84	VSTA	Vasta Platform	Pair Corr

Moving against Albertsons Stock

0.73	LW	Lamb Weston Holdings Earnings Call This Week	Pair Corr
0.72	AVO	Mission Produce	Pair Corr
0.7	TGT	Target	Pair Corr
0.64	EL	Estee Lauder Companies	Pair Corr
0.62	BG	Bunge Limited	Pair Corr
0.6	PFGC	Performance Food	Pair Corr
0.56	FC	Franklin Covey Earnings Call Today	Pair Corr
0.5	HFFG	Hf Foods Group Trending	Pair Corr
0.5	GO	Grocery Outlet Holding	Pair Corr
0.46	DLTR	Dollar Tree	Pair Corr
0.44	SYY	Sysco	Pair Corr
0.73	DNUT	Krispy Kreme	Pair Corr
0.72	EEIQ	Elite Education Group	Pair Corr
0.7	DTCK	Davis Commodities	Pair Corr
0.7	FAMI	Farmmi Inc	Pair Corr
0.69	VITL	Vital Farms	Pair Corr
0.64	EDBL	Edible Garden AG	Pair Corr
0.57	FEDU	Four Seasons Education Potential Growth	Pair Corr
0.45	IMKTA	Ingles Markets	Pair Corr
0.32	VINE	Fresh Grapes LLC Symbol Change	Pair Corr

Related Correlations Analysis

	SFM	DNUT	GO	WMK	ASAI	NGVC	IMKTA	KR	VLGEA	OCDDY
SFM		0.12	0.34	-0.1	0.1	0.9	0.29	0.3	0.58	0.42	SFM
DNUT	0.12		0.86	-0.84	0.32	0.33	0.71	-0.61	-0.22	0.64	DNUT
GO	0.34	0.86		-0.7	0.27	0.47	0.81	-0.42	0.08	0.67	GO
WMK	-0.1	-0.84	-0.7		-0.26	-0.27	-0.47	0.84	0.26	-0.57	WMK
ASAI	0.1	0.32	0.27	-0.26		0.19	0.25	-0.19	0.0	0.26	ASAI
NGVC	0.9	0.33	0.47	-0.27	0.19		0.38	0.19	0.34	0.56	NGVC
IMKTA	0.29	0.71	0.81	-0.47	0.25	0.38		-0.25	0.29	0.48	IMKTA
KR	0.3	-0.61	-0.42	0.84	-0.19	0.19	-0.25		0.43	-0.22	KR
VLGEA	0.58	-0.22	0.08	0.26	0.0	0.34	0.29	0.43		0.12	VLGEA
OCDDY	0.42	0.64	0.67	-0.57	0.26	0.56	0.48	-0.22	0.12		OCDDY
	SFM	DNUT	GO	WMK	ASAI	NGVC	IMKTA	KR	VLGEA	OCDDY

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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

NGVC	+ 0.9	SFM
GO	+ 0.86	DNUT
KR	+ 0.84	WMK
IMKTA	+ 0.81	GO
IMKTA	+ 0.71	DNUT
OCDDY	+ 0.67	GO

High negative correlations

WMK	- 0.84	DNUT
WMK	- 0.7	GO
KR	- 0.61	DNUT
OCDDY	- 0.57	WMK
IMKTA	- 0.47	WMK
KR	- 0.42	GO

Risk-Adjusted Indicators

There is a big difference between Albertsons Stock performing well and Albertsons Companies 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 Albertsons Companies' 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
SFM	2.04	0.12	0.03	0.04	3.61	(1.95)	4.43	(3.51)	21.16
DNUT	2.55	(0.71)	0.00	(1.01)	0.00	0.00	5.22	(5.14)	28.46
GO	2.97	(0.46)	0.00	(0.95)	0.00	0.00	7.64	(4.81)	38.19
WMK	1.28	0.12	0.08	0.36	1.71	(1.23)	2.78	(2.87)	8.78
ASAI	1.77	0.00	0.00	(0.02)	0.00	0.00	6.51	(2.93)	8.01
NGVC	2.40	0.01	0.00	(0.03)	0.00	0.00	4.46	(5.63)	16.17
IMKTA	1.20	(0.13)	0.00	(0.43)	0.00	0.00	2.16	(2.47)	6.23
KR	1.09	0.09	0.09	0.76	1.24	(1.22)	2.25	(2.34)	6.92
VLGEA	1.36	0.12	0.08	0.20	1.60	(1.39)	2.82	(3.14)	10.84
OCDDY	3.19	(0.16)	0.00	(0.72)	0.00	0.00	6.97	(5.26)	29.71

Albertsons Companies Corporate Management

Mary West	Independent Director	Profile
Vivek Sankaran	CEO Director	Profile
Geoff White	Executive Vice President Chief Merchandising Officer	Profile
Robert Miller	Chairman of the Board	Profile
Hersch Klaff	Director	Profile
Sharon Allen	Independent Director	Profile

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