SpartanNash Correlations

SPTN Stock

USD 20.10 0.27 1.33%

The current 90-days correlation between SpartanNash and Calavo Growers is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SpartanNash moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SpartanNash Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SpartanNash Correlation With Market

Average diversification

The correlation between SpartanNash Co and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SpartanNash Co and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SpartanNash Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with SpartanNash Stock

0.69	BJ	BJs Wholesale Club	Pair Corr
0.76	KR	Kroger Company	Pair Corr
0.81	KO	Coca Cola	Pair Corr
0.82	MO	Altria Group	Pair Corr
0.71	PG	Procter Gamble	Pair Corr
0.77	PM	Philip Morris Intern	Pair Corr
0.79	YI	111 Inc	Pair Corr
0.73	YQ	17 Education Technology	Pair Corr
0.78	DOLE	Dole PLC	Pair Corr

Moving against SpartanNash Stock

0.8	LW	Lamb Weston Holdings	Pair Corr
0.73	DNUT	Krispy Kreme	Pair Corr
0.7	TGT	Target	Pair Corr
0.6	BG	Bunge Limited	Pair Corr
0.56	EL	Estee Lauder Companies	Pair Corr
0.48	DLTR	Dollar Tree	Pair Corr
0.41	GO	Grocery Outlet Holding	Pair Corr
0.82	DTCK	Davis Commodities	Pair Corr
0.78	EDBL	Edible Garden AG	Pair Corr
0.77	VITL	Vital Farms Sell-off Trend	Pair Corr
0.73	FAMI	Farmmi Inc	Pair Corr
0.72	BON	Bon Natural Life	Pair Corr
0.64	ADM	Archer Daniels Midland	Pair Corr
0.62	EEIQ	Elite Education Group	Pair Corr
0.57	AQB	AquaBounty Technologies	Pair Corr
0.45	AVO	Mission Produce	Pair Corr
0.44	VINE	Fresh Grapes LLC	Pair Corr
0.32	FIZZ	National Beverage Corp	Pair Corr

Related Correlations Analysis

	PFGC	USFD	CVGW	ANDE	CHEF	HFFG	AVO	SYY
PFGC		0.49	0.15	-0.13	0.05	0.43	0.44	-0.07	PFGC
USFD	0.49		-0.1	-0.09	0.54	-0.35	0.07	-0.58	USFD
CVGW	0.15	-0.1		0.02	-0.32	0.64	0.56	0.31	CVGW
ANDE	-0.13	-0.09	0.02		0.33	-0.1	-0.28	-0.08	ANDE
CHEF	0.05	0.54	-0.32	0.33		-0.62	-0.27	-0.47	CHEF
HFFG	0.43	-0.35	0.64	-0.1	-0.62		0.53	0.37	HFFG
AVO	0.44	0.07	0.56	-0.28	-0.27	0.53		0.54	AVO
SYY	-0.07	-0.58	0.31	-0.08	-0.47	0.37	0.54		SYY
	PFGC	USFD	CVGW	ANDE	CHEF	HFFG	AVO	SYY

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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

HFFG	+ 0.64	CVGW
AVO	+ 0.56	CVGW
CHEF	+ 0.54	USFD
SYY	+ 0.54	AVO
AVO	+ 0.53	HFFG
USFD	+ 0.49	PFGC

High negative correlations

HFFG	- 0.62	CHEF
SYY	- 0.58	USFD
SYY	- 0.47	CHEF
HFFG	- 0.35	USFD
CHEF	- 0.32	CVGW
AVO	- 0.28	ANDE

Risk-Adjusted Indicators

There is a big difference between SpartanNash Stock performing well and SpartanNash 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 SpartanNash'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
PFGC	1.22	(0.15)	0.00	(0.22)	0.00	0.00	2.19	(3.17)	6.86
USFD	1.12	(0.16)	0.00	0.78	0.00	0.00	1.77	(2.60)	5.44
CVGW	1.88	0.01	0.00	(0.04)	0.00	0.00	4.15	(4.36)	12.71
ANDE	1.66	0.17	0.12	(4.01)	1.78	(1.88)	3.13	(2.85)	20.70
CHEF	1.49	0.13	0.09	(0.89)	2.10	(1.58)	2.85	(3.09)	16.12
HFFG	3.40	0.18	0.02	0.01	3.29	(5.12)	10.91	(5.95)	24.39
AVO	1.79	(0.31)	0.00	(0.43)	0.00	0.00	2.81	(4.34)	30.50
SYY	0.98	(0.14)	0.00	(0.57)	0.00	0.00	1.99	(1.68)	8.75

SpartanNash Corporate Management

Ileana McAlary	Chief VP	Profile
Adrienne Chance	Senior Foundation	Profile
Amy McClellan	Executive Officer	Profile
Bill Jacobs	Vice Development	Profile
Erin Storm	Senior Officer	Profile
David Petko	Executive Officer	Profile

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