Central Garden Correlations

CENTA Stock

USD 33.79 0.34 1.00%

The current 90-days correlation between Central Garden Pet and Seneca Foods Corp is 0.22 (i.e., Modest 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.

Central Garden Correlation With Market

Very weak diversification

The correlation between Central Garden Pet and DJI is 0.52 (i.e., Very weak 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 estimate.

Moving together with Central Stock

0.75	ELF	ELF Beauty	Pair Corr
0.78	EPC	Edgewell Personal Care	Pair Corr
0.84	NUS	Nu Skin Enterprises Downward Rally	Pair Corr

Moving against Central Stock

0.4	HELE	Helen of Troy	Pair Corr
0.34	LFVN	Lifevantage	Pair Corr
0.56	TANH	Tantech Holdings	Pair Corr

Related Correlations Analysis

	SENEB	SENEA	NATR	JJSF	CENT	ASBFF	JBSS	LWAY	LFVN	BRID
SENEB		0.31	0.31	0.07	0.3	-0.36	-0.32	-0.09	0.26	-0.01	SENEB
SENEA	0.31		0.82	0.35	0.27	-0.79	-0.71	0.23	0.69	-0.3	SENEA
NATR	0.31	0.82		0.42	0.53	-0.56	-0.7	-0.14	0.47	-0.08	NATR
JJSF	0.07	0.35	0.42		0.27	-0.28	-0.14	0.12	0.35	0.02	JJSF
CENT	0.3	0.27	0.53	0.27		-0.09	-0.21	-0.75	-0.29	0.48	CENT
ASBFF	-0.36	-0.79	-0.56	-0.28	-0.09		0.61	-0.33	-0.72	0.28	ASBFF
JBSS	-0.32	-0.71	-0.7	-0.14	-0.21	0.61		-0.03	-0.61	0.29	JBSS
LWAY	-0.09	0.23	-0.14	0.12	-0.75	-0.33	-0.03		0.66	-0.62	LWAY
LFVN	0.26	0.69	0.47	0.35	-0.29	-0.72	-0.61	0.66		-0.63	LFVN
BRID	-0.01	-0.3	-0.08	0.02	0.48	0.28	0.29	-0.62	-0.63		BRID
	SENEB	SENEA	NATR	JJSF	CENT	ASBFF	JBSS	LWAY	LFVN	BRID

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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

NATR	+ 0.82	SENEA
LFVN	+ 0.69	SENEA
LFVN	+ 0.66	LWAY
JBSS	+ 0.61	ASBFF
CENT	+ 0.53	NATR
BRID	+ 0.48	CENT

High negative correlations

ASBFF	- 0.79	SENEA
LWAY	- 0.75	CENT
LFVN	- 0.72	ASBFF
JBSS	- 0.71	SENEA
JBSS	- 0.7	NATR
BRID	- 0.63	LFVN

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	1.20	0.23	0.04	(7.55)	1.24	(1.94)	3.02	(2.53)	11.90
SENEA	1.17	0.16	0.09	0.31	1.42	(1.33)	2.87	(1.85)	11.87
NATR	2.07	0.06	0.09	0.15	1.88	(2.52)	6.11	(2.99)	22.72
JJSF	0.97	(0.08)	(0.05)	0.06	1.18	(1.05)	2.12	(1.89)	9.61
CENT	1.25	(0.10)	(0.08)	0.02	1.45	(1.40)	2.81	(2.33)	6.39
ASBFF	0.31	(0.14)	0.00	0.74	0.00	0.00	0.00	0.00	6.28
JBSS	1.11	(0.25)	0.00	(0.09)	0.00	0.00	1.90	(2.16)	12.01
LWAY	2.18	0.43	0.13	1.10	2.24	(2.63)	4.86	(5.06)	31.34
LFVN	3.74	0.95	0.17	(1.71)	4.14	(4.29)	8.92	(6.81)	26.14
BRID	2.11	(0.47)	0.00	(1.01)	0.00	0.00	4.07	(4.87)	24.74

Central Garden Corporate Management

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

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