Performance Food Correlations

PFGC Stock

USD 82.85 1.00 1.22%

The current 90-days correlation between Performance Food and Sysco is -0.01 (i.e., Good 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

Average diversification

The correlation between Performance Food Group and DJI is 0.16 (i.e., Average 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	USFD	US Foods Holding	Pair Corr
0.62	VINE	Fresh Grapes LLC	Pair Corr

Moving against Performance Stock

0.33	AVO	Mission Produce	Pair Corr
0.31	JZ	Jianzhi Education Tech Boost	Pair Corr

Related Correlations Analysis

	SYY	CHEF	UNFI	CVGW	SPTN	USFD	ANDE	AVO	DIT
SYY		-0.62	-0.58	0.7	0.03	-0.1	0.42	0.61	0.32	SYY
CHEF	-0.62		0.91	-0.7	0.46	0.51	-0.39	-0.55	0.05	CHEF
UNFI	-0.58	0.91		-0.73	0.46	0.49	-0.52	-0.52	0.07	UNFI
CVGW	0.7	-0.7	-0.73		0.08	-0.27	0.7	0.63	0.1	CVGW
SPTN	0.03	0.46	0.46	0.08		0.42	0.07	-0.11	0.45	SPTN
USFD	-0.1	0.51	0.49	-0.27	0.42		0.0	-0.48	0.39	USFD
ANDE	0.42	-0.39	-0.52	0.7	0.07	0.0		0.06	0.08	ANDE
AVO	0.61	-0.55	-0.52	0.63	-0.11	-0.48	0.06		0.07	AVO
DIT	0.32	0.05	0.07	0.1	0.45	0.39	0.08	0.07		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

UNFI	+ 0.91	CHEF
CVGW	+ 0.7	SYY
ANDE	+ 0.7	CVGW
AVO	+ 0.63	CVGW
AVO	+ 0.61	SYY
USFD	+ 0.51	CHEF

High negative correlations

CVGW	- 0.73	UNFI
CVGW	- 0.7	CHEF
CHEF	- 0.62	SYY
UNFI	- 0.58	SYY
AVO	- 0.55	CHEF
AVO	- 0.52	UNFI

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	(0.02)	0.00	(0.05)	0.00	0.00	2.36	(1.55)	10.17
CHEF	1.43	0.69	0.52	0.81	0.59	(1.75)	4.76	(2.12)	11.82
UNFI	2.27	0.64	0.26	0.63	2.11	(2.70)	5.08	(3.47)	25.95
CVGW	1.56	(0.18)	0.00	(1.68)	0.00	0.00	2.51	(3.86)	12.71
SPTN	1.32	0.19	0.10	0.69	1.59	(1.47)	2.64	(2.70)	14.17
USFD	0.86	0.14	0.10	0.75	1.11	(0.85)	1.77	(1.53)	5.65
ANDE	1.65	(0.08)	0.00	0.23	0.00	0.00	2.33	(2.70)	20.70
AVO	1.55	(0.06)	0.00	(0.33)	0.00	0.00	2.84	(3.56)	23.67
DIT	3.20	0.29	0.08	2.20	3.21	(4.53)	7.37	(5.88)	23.72

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