Grocery Outlet Correlations

GO Stock

USD 12.68 0.05 0.40%

The current 90-days correlation between Grocery Outlet Holding and Natural Grocers by is -0.27 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grocery Outlet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grocery Outlet Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grocery Outlet Correlation With Market

Significant diversification

The correlation between Grocery Outlet Holding and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grocery Outlet Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grocery Outlet Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Grocery Stock

0.78	TGT	Target Sell-off Trend	Pair Corr
0.74	PFGC	Performance Food	Pair Corr
0.76	FC	Franklin Covey Earnings Call Tomorrow	Pair Corr
0.69	LW	Lamb Weston Holdings	Pair Corr
0.89	DNUT	Krispy Kreme	Pair Corr
0.66	VINE	Fresh Grapes LLC	Pair Corr
0.67	VITL	Vital Farms	Pair Corr

Moving against Grocery Stock

0.75	MO	Altria Group	Pair Corr
0.69	K	Kellanova	Pair Corr
0.69	KO	Coca Cola	Pair Corr
0.51	SPTN	SpartanNash	Pair Corr
0.47	JZ	Jianzhi Education	Pair Corr
0.47	PG	Procter Gamble	Pair Corr
0.45	DG	Dollar General	Pair Corr
0.43	CL	Colgate Palmolive	Pair Corr
0.42	BJ	BJs Wholesale Club	Pair Corr
0.4	KR	Kroger Company	Pair Corr
0.69	VSTA	Vasta Platform	Pair Corr
0.66	FARM	Farmer Bros	Pair Corr
0.64	WYHG	Wing Yip Food	Pair Corr
0.62	PM	Philip Morris Intern	Pair Corr
0.62	DOLE	Dole PLC	Pair Corr
0.57	YI	111 Inc	Pair Corr
0.5	YQ	17 Education Technology	Pair Corr
0.45	TR	Tootsie Roll Industries	Pair Corr
0.43	WVVI	Willamette Valley Earnings Call Today	Pair Corr
0.38	UL	Unilever PLC ADR	Pair Corr
0.34	WAFU	Wah Fu Education	Pair Corr

Related Correlations Analysis

	NGVC	VLGEA	IMKTA	OCDDY	WMK	ASAI	ACI	KR	SFM
NGVC		0.37	0.36	0.58	-0.26	0.14	0.1	0.2	0.9	NGVC
VLGEA	0.37		0.3	0.07	0.25	-0.14	0.46	0.42	0.59	VLGEA
IMKTA	0.36	0.3		0.63	-0.44	0.58	-0.47	-0.23	0.28	IMKTA
OCDDY	0.58	0.07	0.63		-0.6	0.63	-0.38	-0.29	0.39	OCDDY
WMK	-0.26	0.25	-0.44	-0.6		-0.86	0.75	0.83	-0.1	WMK
ASAI	0.14	-0.14	0.58	0.63	-0.86		-0.71	-0.74	-0.02	ASAI
ACI	0.1	0.46	-0.47	-0.38	0.75	-0.71		0.78	0.29	ACI
KR	0.2	0.42	-0.23	-0.29	0.83	-0.74	0.78		0.3	KR
SFM	0.9	0.59	0.28	0.39	-0.1	-0.02	0.29	0.3		SFM
	NGVC	VLGEA	IMKTA	OCDDY	WMK	ASAI	ACI	KR	SFM

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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

SFM	+ 0.9	NGVC
KR	+ 0.83	WMK
KR	+ 0.78	ACI
ACI	+ 0.75	WMK
OCDDY	+ 0.63	IMKTA
ASAI	+ 0.63	OCDDY

High negative correlations

ASAI	- 0.86	WMK
KR	- 0.74	ASAI
ACI	- 0.71	ASAI
WMK	- 0.6	OCDDY
ACI	- 0.47	IMKTA
WMK	- 0.44	IMKTA

Risk-Adjusted Indicators

There is a big difference between Grocery Stock performing well and Grocery Outlet 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 Grocery Outlet'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
NGVC	2.37	(0.03)	0.00	(0.09)	0.00	0.00	4.46	(5.63)	16.17
VLGEA	1.37	0.16	0.11	0.23	1.61	(1.38)	2.82	(3.14)	10.84
IMKTA	1.22	(0.15)	0.00	(0.47)	0.00	0.00	2.16	(2.47)	6.23
OCDDY	3.12	0.00	0.00	(0.07)	0.00	0.00	6.97	(5.26)	29.71
WMK	1.28	0.14	0.10	0.36	1.74	(1.21)	2.78	(2.87)	8.78
ASAI	3.01	(0.37)	0.00	2.95	0.00	0.00	6.51	(7.48)	23.54
ACI	1.22	0.18	0.11	0.25	1.60	(1.18)	3.42	(2.69)	8.11
KR	1.09	0.09	0.12	0.70	1.24	(1.22)	2.25	(2.34)	6.92
SFM	2.07	0.10	0.00	(0.01)	0.00	0.00	4.43	(3.51)	21.16

Grocery Outlet Corporate Management

Arvind Bhatia	Vice Relations	Profile
Arvind CFA	Vice Relations	Profile
Pamela Burke	Chief VP	Profile
Hank Holzgrefe	Senior Management	Profile
Harrison Lewis	Senior Officer	Profile
Andrea Bortner	Executive Officer	Profile

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