Krispy Kreme Correlations

DNUT Stock

USD 10.99 0.07 0.64%

The current 90-days correlation between Krispy Kreme and Sendas Distribuidora SA is 0.14 (i.e., Average diversification). The correlation of Krispy Kreme 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.

Krispy Kreme Correlation With Market

Modest diversification

The correlation between Krispy Kreme and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Krispy Kreme 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 Krispy Kreme. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Krispy Stock please use our How to Invest in Krispy Kreme guide.

Moving against Krispy Stock

0.45	FATBB	FAT Brands	Pair Corr
0.31	WWW	Wolverine World Wide	Pair Corr
0.33	HD	Home Depot Sell-off Trend	Pair Corr

Related Correlations Analysis

	ASAI	NGVC	SFM	ACI	IMKTA	KR	GO	WMK	MF
ASAI		-0.32	-0.7	0.31	0.61	-0.74	0.1	-0.04	0.77	ASAI
NGVC	-0.32		0.77	0.34	0.39	0.73	0.62	0.73	-0.4	NGVC
SFM	-0.7	0.77		0.22	-0.04	0.89	0.33	0.54	-0.6	SFM
ACI	0.31	0.34	0.22		0.52	0.1	0.67	0.43	0.45	ACI
IMKTA	0.61	0.39	-0.04	0.52		-0.05	0.52	0.69	0.38	IMKTA
KR	-0.74	0.73	0.89	0.1	-0.05		0.29	0.55	-0.67	KR
GO	0.1	0.62	0.33	0.67	0.52	0.29		0.61	0.21	GO
WMK	-0.04	0.73	0.54	0.43	0.69	0.55	0.61		-0.18	WMK
MF	0.77	-0.4	-0.6	0.45	0.38	-0.67	0.21	-0.18		MF
	ASAI	NGVC	SFM	ACI	IMKTA	KR	GO	WMK	MF

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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

KR	+ 0.89	SFM
MF	+ 0.77	ASAI
SFM	+ 0.77	NGVC
KR	+ 0.73	NGVC
WMK	+ 0.73	NGVC
WMK	+ 0.69	IMKTA

High negative correlations

KR	- 0.74	ASAI
SFM	- 0.7	ASAI
MF	- 0.67	KR
MF	- 0.6	SFM
MF	- 0.4	NGVC
NGVC	- 0.32	ASAI

Risk-Adjusted Indicators

There is a big difference between Krispy Stock performing well and Krispy Kreme 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 Krispy Kreme'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
ASAI	2.67	(0.40)	0.00	(0.85)	0.00	0.00	4.83	(6.90)	14.20
NGVC	2.37	0.77	0.32	0.50	1.98	(2.77)	6.30	(3.21)	22.77
SFM	1.27	0.57	0.39	1.05	0.69	(1.58)	3.51	(1.84)	10.56
ACI	1.05	(0.15)	0.00	(0.18)	0.00	0.00	2.60	(2.15)	5.26
IMKTA	1.34	(0.14)	(0.04)	0.02	2.11	(1.43)	3.11	(4.43)	9.45
KR	1.03	0.14	0.09	0.32	0.85	(1.14)	1.98	(1.95)	9.24
GO	2.75	0.07	0.05	0.15	3.67	(3.08)	5.85	(5.23)	22.16
WMK	1.32	(0.02)	0.03	0.11	1.46	(1.45)	2.92	(2.66)	12.22
MF	6.80	(0.69)	0.00	2.83	0.00	0.00	11.32	(23.21)	73.23

Krispy Kreme Corporate Management

Thomas Kuharcik	VP Operations	Profile
Eloise Hale	Vice Communications	Profile
Atiba Adams	Chief Secretary	Profile
Michael Tattersfield	Pres CEO	Profile
David Skena	Chief Officer	Profile

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