Central Garden Correlations

CENT Stock

USD 33.67 2.67 7.35%

The current 90-days correlation between Central Garden Pet and Seneca Foods Corp is 0.08 (i.e., Significant diversification). The correlation of Central Garden 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.

Central Garden Correlation With Market

Average diversification

The correlation between Central Garden Pet and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Central Garden Pet 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 Central Garden Pet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Central Stock

0.66

HNST

Honest Company

Pair Corr

Moving against Central Stock

0.36	NUS	Nu Skin Enterprises	Pair Corr
0.35	KVUE	Kenvue Inc	Pair Corr
0.34	CHD	Church Dwight	Pair Corr
0.64	K	Kellanova	Pair Corr
0.58	VSTA	Vasta Platform	Pair Corr
0.5	YQ	17 Education Technology	Pair Corr
0.35	KO	Coca Cola	Pair Corr
0.34	PM	Philip Morris Intern	Pair Corr
0.33	IH	Ihuman Inc	Pair Corr
0.31	MO	Altria Group	Pair Corr

Related Correlations Analysis

	SENEB	MKC-V	NATR	SENEA	CENTA	ASBFF	BRID	JJSF	LWAY	LFVN
SENEB		0.22	-0.69	0.37	-0.42	-0.46	-0.54	-0.71	-0.52	-0.1	SENEB
MKC-V	0.22		-0.2	0.8	0.24	-0.02	-0.3	-0.2	-0.47	-0.76	MKC-V
NATR	-0.69	-0.2		-0.4	0.45	0.43	0.63	0.59	0.29	0.08	NATR
SENEA	0.37	0.8	-0.4		0.2	0.04	-0.35	-0.2	-0.43	-0.78	SENEA
CENTA	-0.42	0.24	0.45	0.2		0.55	0.1	0.41	0.22	-0.48	CENTA
ASBFF	-0.46	-0.02	0.43	0.04	0.55		0.52	0.77	0.42	-0.4	ASBFF
BRID	-0.54	-0.3	0.63	-0.35	0.1	0.52		0.62	0.33	0.07	BRID
JJSF	-0.71	-0.2	0.59	-0.2	0.41	0.77	0.62		0.52	-0.1	JJSF
LWAY	-0.52	-0.47	0.29	-0.43	0.22	0.42	0.33	0.52		0.18	LWAY
LFVN	-0.1	-0.76	0.08	-0.78	-0.48	-0.4	0.07	-0.1	0.18		LFVN
	SENEB	MKC-V	NATR	SENEA	CENTA	ASBFF	BRID	JJSF	LWAY	LFVN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SENEA	+ 0.8	MKC-V
JJSF	+ 0.77	ASBFF
BRID	+ 0.63	NATR
JJSF	+ 0.62	BRID
JJSF	+ 0.59	NATR
ASBFF	+ 0.55	CENTA

High negative correlations

LFVN	- 0.78	SENEA
LFVN	- 0.76	MKC-V
JJSF	- 0.71	SENEB
NATR	- 0.69	SENEB
BRID	- 0.54	SENEB
LWAY	- 0.52	SENEB

Risk-Adjusted Indicators

There is a big difference between Central Stock performing well and Central Garden 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 Central Garden'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
SENEB	1.96	0.67	0.24	1.41	1.45	(3.40)	7.46	(3.81)	18.07
MKC-V	1.24	0.03	0.05	0.08	1.57	(1.23)	2.41	(2.10)	6.49
NATR	1.62	(0.29)	0.00	(0.50)	0.00	0.00	3.43	(3.38)	12.09
SENEA	1.32	0.17	0.12	0.27	1.52	(1.42)	3.55	(2.43)	8.12
CENTA	1.57	(0.17)	0.00	(0.66)	0.00	0.00	2.53	(3.89)	11.78
ASBFF	1.07	(0.15)	0.00	0.66	0.00	0.00	3.51	(4.16)	11.55
BRID	1.23	(0.15)	0.00	(2.51)	0.00	0.00	2.44	(2.85)	7.40
JJSF	1.23	(0.41)	0.00	16.69	0.00	0.00	2.51	(3.31)	9.16
LWAY	1.60	0.03	0.00	(0.02)	0.00	0.00	3.56	(3.29)	16.44
LFVN	3.95	0.13	0.03	0.25	5.06	(4.06)	11.37	(7.55)	37.87

Central Garden Corporate Management

Howard CPA	Senior Officer	Profile
Aron Kolosik	Chief Officer	Profile
Marilyn Leahy	Interim Resources	Profile
Friederike Edelmann	Vice Relations	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