Performance Food Correlations

P5F Stock

70.50 1.00 1.44%

The current 90-days correlation between Performance Food and DICKS Sporting Goods is 0.17 (i.e., Average diversification). The correlation of Performance Food 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.

Performance Food Correlation With Market

Significant diversification

The correlation between Performance Food Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Performance Food Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Performance Food could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Performance Food when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Performance Food - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Performance Food Group to buy it.

Moving together with Performance Stock

0.68	APC	Apple Inc	Pair Corr
0.68	APC	Apple Inc	Pair Corr
0.68	APC	Apple Inc	Pair Corr
0.68	APC	Apple Inc	Pair Corr
0.69	APC	Apple Inc	Pair Corr
0.66	APC	Apple Inc	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.87	MSF	Microsoft	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.8	TEY	Teradyne	Pair Corr
0.87	03F	IDP EDUCATION LTD	Pair Corr

Moving against Performance Stock

0.59	DBPE	Xtrackers LevDAX	Pair Corr
0.36	E908	Lyxor 1	Pair Corr
0.32	EUH	Eurasia Mining Plc	Pair Corr

Related Correlations Analysis

	YE42	M0W	KWO	DSG	AW8	AS7	CN6	CUW
YE42		0.18	-0.35	-0.21	-0.05	0.72	0.72	-0.28	YE42
M0W	0.18		-0.06	-0.36	-0.25	0.32	0.1	-0.37	M0W
KWO	-0.35	-0.06		0.13	0.06	-0.3	-0.21	0.07	KWO
DSG	-0.21	-0.36	0.13		0.85	-0.59	-0.38	0.64	DSG
AW8	-0.05	-0.25	0.06	0.85		-0.48	-0.29	0.52	AW8
AS7	0.72	0.32	-0.3	-0.59	-0.48		0.59	-0.48	AS7
CN6	0.72	0.1	-0.21	-0.38	-0.29	0.59		-0.33	CN6
CUW	-0.28	-0.37	0.07	0.64	0.52	-0.48	-0.33		CUW
	YE42	M0W	KWO	DSG	AW8	AS7	CN6	CUW

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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

AW8	+ 0.85	DSG
AS7	+ 0.72	YE42
CN6	+ 0.72	YE42
CUW	+ 0.64	DSG
CN6	+ 0.59	AS7
CUW	+ 0.52	AW8

High negative correlations

AS7	- 0.59	DSG
CUW	- 0.48	AS7
AS7	- 0.48	AW8
CN6	- 0.38	DSG
CUW	- 0.37	M0W
DSG	- 0.36	M0W

Risk-Adjusted Indicators

There is a big difference between Performance Stock performing well and Performance Food 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 Performance Food'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
YE42	1.22	0.35	0.17	1.85	0.82	(2.59)	4.29	(1.59)	14.64
M0W	2.14	0.07	0.02	(0.05)	3.05	(2.70)	6.84	(6.40)	17.32
KWO	1.03	0.01	0.00	0.07	1.42	(2.14)	2.15	(2.11)	18.52
DSG	1.93	(0.22)	0.00	79.84	0.00	0.00	3.22	(3.78)	15.62
AW8	0.36	(0.04)	0.00	(1.11)	0.00	0.00	0.96	(0.97)	3.79
AS7	1.82	0.07	0.03	3.88	2.06	(2.02)	3.97	(3.43)	10.91
CN6	1.02	0.14	0.05	0.42	1.16	(2.24)	1.85	(1.82)	10.36
CUW	1.31	(0.24)	0.00	(0.62)	0.00	0.00	3.09	(2.93)	12.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Performance Food without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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