Natural Grocers Correlations

NGVC Stock

USD 37.75 0.06 0.16%

The current 90-days correlation between Natural Grocers by and Ingles Markets Incorporated is 0.15 (i.e., Average diversification). The correlation of Natural Grocers 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.

Natural Grocers Correlation With Market

Weak diversification

The correlation between Natural Grocers by and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natural Grocers by 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 Natural Grocers by. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Natural Stock

0.91	WMT	Walmart	Pair Corr
0.8	COST	Costco Wholesale Corp	Pair Corr
0.83	USFD	US Foods Holding	Pair Corr
0.7	UG	United Guardian	Pair Corr

Moving against Natural Stock

0.64	BG	Bunge Limited	Pair Corr
0.57	SYY	Sysco	Pair Corr
0.56	CL	Colgate Palmolive	Pair Corr
0.38	DG	Dollar General	Pair Corr
0.32	MO	Altria Group	Pair Corr
0.63	TR	Tootsie Roll Industries	Pair Corr

Related Correlations Analysis

	WMK	IMKTA	ASAI	GO	VLGEA	ADRNY	OCDDY	SFM	ACI
WMK		-0.44	-0.86	-0.67	0.25	0.0	-0.6	-0.1	0.75	WMK
IMKTA	-0.44		0.58	0.81	0.3	0.0	0.63	0.28	-0.47	IMKTA
ASAI	-0.86	0.58		0.8	-0.14	0.0	0.63	-0.02	-0.71	ASAI
GO	-0.67	0.81	0.8		0.14	0.0	0.7	0.33	-0.5	GO
VLGEA	0.25	0.3	-0.14	0.14		0.0	0.07	0.59	0.46	VLGEA
ADRNY	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ADRNY
OCDDY	-0.6	0.63	0.63	0.7	0.07	0.0		0.39	-0.38	OCDDY
SFM	-0.1	0.28	-0.02	0.33	0.59	0.0	0.39		0.29	SFM
ACI	0.75	-0.47	-0.71	-0.5	0.46	0.0	-0.38	0.29		ACI
	WMK	IMKTA	ASAI	GO	VLGEA	ADRNY	OCDDY	SFM	ACI

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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

GO	+ 0.81	IMKTA
GO	+ 0.8	ASAI
ACI	+ 0.75	WMK
OCDDY	+ 0.7	GO
OCDDY	+ 0.63	IMKTA
OCDDY	+ 0.63	ASAI

High negative correlations

ASAI	- 0.86	WMK
ACI	- 0.71	ASAI
GO	- 0.67	WMK
OCDDY	- 0.6	WMK
ACI	- 0.5	GO
ACI	- 0.47	IMKTA

Risk-Adjusted Indicators

There is a big difference between Natural Stock performing well and Natural Grocers 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 Natural Grocers' 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
WMK	1.28	0.14	0.10	0.36	1.74	(1.21)	2.78	(2.87)	8.78
IMKTA	1.22	(0.15)	0.00	(0.47)	0.00	0.00	2.16	(2.47)	6.23
ASAI	3.01	(0.37)	0.00	2.95	0.00	0.00	6.51	(7.48)	23.54
GO	2.97	(0.45)	0.00	(0.89)	0.00	0.00	7.64	(4.81)	38.19
VLGEA	1.37	0.16	0.11	0.23	1.61	(1.38)	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
OCDDY	3.12	0.00	0.00	(0.07)	0.00	0.00	6.97	(5.26)	29.71
SFM	2.07	0.10	0.00	(0.01)	0.00	0.00	4.43	(3.51)	21.16
ACI	1.22	0.18	0.11	0.25	1.60	(1.18)	3.42	(2.69)	8.11

Natural Grocers Corporate Management

David Rooney	Independent Director	Profile
Jessica Thiessen	Assistant Treasurer	Profile
Richard Hall	Chief Officer	Profile
John Esq	VP Counsel	Profile

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