Performance Food Correlations

PFGC Stock

USD 77.18 1.25 1.59%

The current 90-days correlation between Performance Food and Sysco is 0.09 (i.e., Significant 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.

Performance Food Correlation With Market

Poor diversification

The correlation between Performance Food Group and DJI is 0.6 (i.e., Poor 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Performance Food Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Performance Stock

0.65	DLTR	Dollar Tree	Pair Corr
0.89	TGT	Target	Pair Corr
0.65	WMT	Walmart	Pair Corr
0.78	USFD	US Foods Holding	Pair Corr
0.66	EL	Estee Lauder Companies	Pair Corr
0.73	FC	Franklin Covey Earnings Call Today	Pair Corr
0.74	GO	Grocery Outlet Holding	Pair Corr
0.78	DNUT	Krispy Kreme	Pair Corr
0.73	VINE	Fresh Grapes LLC Symbol Change	Pair Corr
0.83	VITL	Vital Farms	Pair Corr
0.64	EDBL	Edible Garden AG	Pair Corr

Moving against Performance Stock

0.86	MO	Altria Group	Pair Corr
0.78	DG	Dollar General	Pair Corr
0.66	KO	Coca Cola	Pair Corr
0.62	JZ	Jianzhi Education	Pair Corr
0.61	KR	Kroger Company	Pair Corr
0.59	SPTN	SpartanNash	Pair Corr
0.59	K	Kellanova Sell-off Trend	Pair Corr
0.58	BJ	BJs Wholesale Club	Pair Corr
0.5	CL	Colgate Palmolive	Pair Corr
0.38	PG	Procter Gamble	Pair Corr
0.71	YI	111 Inc	Pair Corr
0.66	TR	Tootsie Roll Industries	Pair Corr
0.63	VSTA	Vasta Platform	Pair Corr
0.62	PM	Philip Morris Intern	Pair Corr
0.57	DOLE	Dole PLC	Pair Corr
0.57	FARM	Farmer Bros	Pair Corr
0.56	WYHG	Wing Yip Food	Pair Corr
0.53	UL	Unilever PLC ADR	Pair Corr
0.44	YQ	17 Education Technology	Pair Corr

Related Correlations Analysis

	SYY	CHEF	UNFI	CVGW	SPTN	USFD	ANDE	AVO	DIT
SYY		-0.43	-0.5	0.47	-0.08	-0.28	-0.09	0.56	0.19	SYY
CHEF	-0.43		0.77	-0.42	0.52	0.54	0.35	-0.24	0.15	CHEF
UNFI	-0.5	0.77		-0.22	0.16	0.82	0.11	0.03	0.22	UNFI
CVGW	0.47	-0.42	-0.22		-0.19	-0.1	-0.02	0.62	0.07	CVGW
SPTN	-0.08	0.52	0.16	-0.19		-0.17	0.15	-0.46	0.27	SPTN
USFD	-0.28	0.54	0.82	-0.1	-0.17		-0.04	0.29	0.11	USFD
ANDE	-0.09	0.35	0.11	-0.02	0.15	-0.04		-0.3	-0.08	ANDE
AVO	0.56	-0.24	0.03	0.62	-0.46	0.29	-0.3		0.29	AVO
DIT	0.19	0.15	0.22	0.07	0.27	0.11	-0.08	0.29		DIT
	SYY	CHEF	UNFI	CVGW	SPTN	USFD	ANDE	AVO	DIT

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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

USFD	+ 0.82	UNFI
UNFI	+ 0.77	CHEF
AVO	+ 0.62	CVGW
AVO	+ 0.56	SYY
USFD	+ 0.54	CHEF
SPTN	+ 0.52	CHEF

High negative correlations

UNFI	- 0.5	SYY
AVO	- 0.46	SPTN
CHEF	- 0.43	SYY
CVGW	- 0.42	CHEF
AVO	- 0.3	ANDE
USFD	- 0.28	SYY

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
SYY	0.98	(0.14)	0.00	(0.52)	0.00	0.00	1.99	(1.68)	8.75
CHEF	1.49	0.22	0.10	0.17	2.01	(1.63)	3.36	(3.09)	16.12
UNFI	2.28	0.06	0.02	0.01	2.89	(2.37)	4.81	(4.88)	16.03
CVGW	1.90	(0.12)	0.00	(0.26)	0.00	0.00	4.15	(4.36)	12.71
SPTN	1.31	0.04	0.04	0.22	1.84	(1.28)	2.14	(2.83)	14.26
USFD	1.11	(0.04)	0.00	(0.09)	0.00	0.00	1.80	(2.60)	5.44
ANDE	1.71	0.03	0.02	0.01	2.06	(1.84)	3.13	(3.26)	20.70
AVO	1.83	(0.38)	0.00	(0.47)	0.00	0.00	2.81	(4.34)	30.50
DIT	3.04	(0.16)	0.00	0.17	0.00	0.00	7.08	(5.88)	23.77

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