Kroger Correlations

KR Stock

USD 64.72 0.76 1.16%

The current 90-days correlation between Kroger Company and Sendas Distribuidora SA is -0.03 (i.e., Good diversification). The correlation of Kroger 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.

Kroger Correlation With Market

Significant diversification

The correlation between Kroger Company and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kroger Company and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kroger Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Kroger Stock

0.83	BJ	BJs Wholesale Club	Pair Corr
0.67	DG	Dollar General	Pair Corr
0.73	ACI	Albertsons Companies	Pair Corr
0.66	K	Kellanova Sell-off Trend	Pair Corr
0.81	KO	Coca Cola	Pair Corr
0.77	MO	Altria Group	Pair Corr
0.69	PG	Procter Gamble	Pair Corr
0.84	PM	Philip Morris Intern	Pair Corr
0.76	YI	111 Inc	Pair Corr
0.67	YQ	17 Education Technology	Pair Corr
0.7	VSTA	Vasta Platform Potential Growth	Pair Corr
0.65	BRLSW	Borealis Foods	Pair Corr

Moving against Kroger Stock

0.69	TGT	Target	Pair Corr
0.66	BG	Bunge Limited	Pair Corr
0.64	EL	Estee Lauder Companies	Pair Corr
0.58	DNUT	Krispy Kreme	Pair Corr
0.48	LW	Lamb Weston Holdings	Pair Corr
0.37	GO	Grocery Outlet Holding	Pair Corr
0.84	DTCK	Davis Commodities	Pair Corr
0.82	VITL	Vital Farms Sell-off Trend	Pair Corr
0.71	FAMI	Farmmi Inc	Pair Corr
0.68	EEIQ	Elite Education Group	Pair Corr
0.66	BON	Bon Natural Life	Pair Corr
0.64	EDBL	Edible Garden AG	Pair Corr
0.64	ADM	Archer Daniels Midland	Pair Corr
0.57	FIZZ	National Beverage Corp	Pair Corr
0.49	AVO	Mission Produce	Pair Corr
0.43	FEDU	Four Seasons Education	Pair Corr
0.34	AQB	AquaBounty Technologies	Pair Corr

Related Correlations Analysis

	GO	SFM	ASAI	WMK	IMKTA	NGVC	ACI	DDL	VLGEA	ADRNY
GO		0.32	0.73	-0.6	0.82	0.39	-0.53	0.5	0.2	0.0	GO
SFM	0.32		-0.09	-0.08	0.26	0.91	0.28	-0.1	0.63	0.0	SFM
ASAI	0.73	-0.09		-0.83	0.54	0.03	-0.71	0.34	-0.14	0.0	ASAI
WMK	-0.6	-0.08	-0.83		-0.34	-0.22	0.66	-0.23	0.18	0.0	WMK
IMKTA	0.82	0.26	0.54	-0.34		0.33	-0.54	0.69	0.31	0.0	IMKTA
NGVC	0.39	0.91	0.03	-0.22	0.33		0.1	0.1	0.44	0.0	NGVC
ACI	-0.53	0.28	-0.71	0.66	-0.54	0.1		-0.6	0.42	0.0	ACI
DDL	0.5	-0.1	0.34	-0.23	0.69	0.1	-0.6		-0.23	0.0	DDL
VLGEA	0.2	0.63	-0.14	0.18	0.31	0.44	0.42	-0.23		0.0	VLGEA
ADRNY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ADRNY
	GO	SFM	ASAI	WMK	IMKTA	NGVC	ACI	DDL	VLGEA	ADRNY

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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

NGVC	+ 0.91	SFM
IMKTA	+ 0.82	GO
ASAI	+ 0.73	GO
DDL	+ 0.69	IMKTA
ACI	+ 0.66	WMK
VLGEA	+ 0.63	SFM

High negative correlations

WMK	- 0.83	ASAI
ACI	- 0.71	ASAI
DDL	- 0.6	ACI
WMK	- 0.6	GO
ACI	- 0.54	IMKTA
ACI	- 0.53	GO

Risk-Adjusted Indicators

There is a big difference between Kroger Stock performing well and Kroger 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 Kroger'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
GO	2.98	(0.44)	0.00	(0.90)	0.00	0.00	7.64	(4.81)	38.19
SFM	2.05	0.08	0.00	(0.03)	0.00	0.00	4.43	(3.51)	21.16
ASAI	3.01	(0.28)	0.00	(0.32)	0.00	0.00	6.51	(7.48)	23.54
WMK	1.25	0.18	0.13	0.47	1.66	(1.20)	2.78	(2.13)	8.78
IMKTA	1.22	(0.15)	0.00	(0.48)	0.00	0.00	2.16	(2.47)	6.23
NGVC	2.41	(0.06)	0.00	(0.12)	0.00	0.00	4.46	(5.63)	16.17
ACI	1.27	0.32	0.18	0.52	1.50	(1.29)	3.54	(2.69)	9.41
DDL	3.00	(0.32)	0.00	(0.49)	0.00	0.00	5.40	(7.84)	22.03
VLGEA	1.38	0.18	0.12	0.26	1.60	(1.41)	2.82	(3.14)	10.84
ADRNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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