Healthy Choice Correlations

HCWC Stock

1.10 0.03 2.65%

The current 90-days correlation between Healthy Choice Wellness and PennantPark Investment is 0.07 (i.e., Significant diversification). The correlation of Healthy Choice 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.

Healthy Choice Correlation With Market

Average diversification

The correlation between Healthy Choice Wellness and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Healthy Choice Wellness 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 Healthy Choice Wellness. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Healthy Stock

0.66	DG	Dollar General Sell-off Trend	Pair Corr
0.74	TGT	Target	Pair Corr
0.83	BG	Bunge Limited	Pair Corr
0.74	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.77	KO	Coca Cola Sell-off Trend	Pair Corr
0.8	UG	United Guardian	Pair Corr
0.8	UL	Unilever PLC ADR Sell-off Trend	Pair Corr
0.81	YQ	17 Education Technology	Pair Corr
0.72	DNUT	Krispy Kreme	Pair Corr
0.83	DOLE	Dole PLC	Pair Corr
0.69	VINE	Fresh Grapes LLC	Pair Corr
0.82	VSTA	Vasta Platform	Pair Corr

Moving against Healthy Stock

0.87	WMT	Walmart	Pair Corr
0.86	KR	Kroger Company	Pair Corr
0.79	WNW	Meiwu Technology	Pair Corr
0.75	BJ	BJs Wholesale Club Sell-off Trend	Pair Corr
0.75	COST	Costco Wholesale Corp	Pair Corr
0.68	K	Kellanova	Pair Corr
0.68	TR	Tootsie Roll Industries	Pair Corr
0.62	MO	Altria Group	Pair Corr
0.54	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.51	DLTR	Dollar Tree	Pair Corr
0.89	WILC	G Willi Food	Pair Corr
0.86	EEIQ	Elite Education Group	Pair Corr
0.82	CENTA	Central Garden Pet	Pair Corr
0.73	EAST	Eastside Distilling	Pair Corr
0.73	ACI	Albertsons Companies Earnings Call This Week	Pair Corr
0.65	AVO	Mission Produce	Pair Corr
0.41	BRLSW	Borealis Foods Symbol Change	Pair Corr
0.39	WTER	Alkaline Water	Pair Corr
0.33	IMKTA	Ingles Markets	Pair Corr

Related Correlations Analysis

	GETY	IGI	AEG	SLF	RY	PNNT	CCG
GETY		0.5	0.59	-0.71	0.08	-0.5	-0.18	GETY
IGI	0.5		0.3	-0.35	0.17	-0.54	-0.15	IGI
AEG	0.59	0.3		0.02	0.62	-0.35	0.16	AEG
SLF	-0.71	-0.35	0.02		0.38	0.12	0.39	SLF
RY	0.08	0.17	0.62	0.38		-0.22	0.17	RY
PNNT	-0.5	-0.54	-0.35	0.12	-0.22		0.12	PNNT
CCG	-0.18	-0.15	0.16	0.39	0.17	0.12		CCG
	GETY	IGI	AEG	SLF	RY	PNNT	CCG

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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

RY	+ 0.62	AEG
AEG	+ 0.59	GETY
IGI	+ 0.5	GETY
CCG	+ 0.39	SLF
RY	+ 0.38	SLF
AEG	+ 0.3	IGI

High negative correlations

SLF	- 0.71	GETY
PNNT	- 0.54	IGI
PNNT	- 0.5	GETY
PNNT	- 0.35	AEG
SLF	- 0.35	IGI
PNNT	- 0.22	RY

Risk-Adjusted Indicators

There is a big difference between Healthy Stock performing well and Healthy Choice 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 Healthy Choice'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
GETY	2.39	(0.82)	0.00	(2.28)	0.00	0.00	3.77	(6.45)	26.04
IGI	0.42	(0.13)	0.00	9.29	0.00	0.00	0.54	(0.96)	2.16
AEG	1.13	(0.12)	0.00	(0.28)	0.00	0.00	1.89	(2.53)	9.44
SLF	0.65	0.03	0.04	0.10	0.72	(0.76)	1.31	(1.33)	6.02
RY	0.64	(0.04)	0.00	(0.34)	0.00	0.00	1.49	(1.21)	5.83
PNNT	0.75	0.08	0.08	(0.42)	0.91	(0.84)	1.61	(1.46)	6.30
CCG	4.22	0.40	0.08	0.35	4.35	(6.22)	8.33	(5.95)	36.78

Healthy Choice Corporate Executives

Elected by the shareholders, the Healthy Choice's board of directors comprises two types of representatives: Healthy Choice inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Healthy. The board's role is to monitor Healthy Choice's management team and ensure that shareholders' interests are well served. Healthy Choice's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Healthy Choice's outside directors are responsible for providing unbiased perspectives on the board's policies.

John Ollet

Corporate CFO

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