Dollar General Correlations

Stocks . USA . 
Stock . Dollar General
DG Stock  USD 76.26  1.62  2.17%   
The current 90-days correlation between Dollar General and BJs Wholesale Club is 0.34 (i.e., Weak diversification). The correlation of Dollar General 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.

Dollar General Correlation With Market

Good diversification

The correlation between Dollar General and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dollar General and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar General. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar General guide.

Moving together with Dollar Stock

  0.87DLTR Dollar Tree Earnings Call This WeekPairCorr

Moving against Dollar Stock

  0.56WMT Walmart Aggressive PushPairCorr
  0.5KR Kroger Company Earnings Call TodayPairCorr
  0.5LW Lamb Weston Holdings Sell-off TrendPairCorr
  0.48SFM Sprouts Farmers MarketPairCorr
  0.44JZ Jianzhi EducationPairCorr
  0.43K KellanovaPairCorr
  0.39NGVC Natural Grocers by TrendingPairCorr
  0.37PM Philip Morris InternPairCorr
  0.31BJ BJs Wholesale ClubPairCorr
  0.46AVO Mission Produce Fiscal Year End 19th of December 2024 PairCorr
  0.43WILC G Willi FoodPairCorr
  0.41BRCNF Burcon NutraScience CorpPairCorr
  0.39BRLSW Borealis Foods Symbol ChangePairCorr
  0.38BOF BranchOut Food CommonPairCorr
  0.35VINE Fresh Grapes LLCPairCorr
  0.33FIZZ National Beverage Corp Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
WMT
+ 0.84
BJ
WMT
+ 0.75
COST
COST
+ 0.61
BJ
DLTR
+ 0.58
BIG
TGT
+ 0.46
BIG
TGT
+ 0.28
DLTR
  
High negative correlations   
WMT
- 0.91
BIG
BIG
- 0.79
BJ
TGT
- 0.65
WMT
COST
- 0.65
BIG
TGT
- 0.57
COST
DLTR
- 0.56
WMT

Risk-Adjusted Indicators

There is a big difference between Dollar Stock performing well and Dollar General 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 Dollar General'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.

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