United Natural Correlations

UNFI Stock

USD 26.19 0.12 0.46%

The current 90-days correlation between United Natural Foods and The Chefs Warehouse is 0.5 (i.e., Very weak diversification). The correlation of United Natural 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.

United Natural Correlation With Market

Weak diversification

The correlation between United Natural Foods and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Natural Foods 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 United Natural Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with United Stock

0.82	WMT	Walmart Aggressive Push	Pair Corr
0.77	CHEF	Chefs Warehouse	Pair Corr
0.79	COST	Costco Wholesale Corp	Pair Corr
0.82	USFD	US Foods Holding	Pair Corr
0.69	UG	United Guardian	Pair Corr

Moving against United Stock

0.56	BG	Bunge Limited	Pair Corr
0.5	SYY	Sysco Sell-off Trend	Pair Corr
0.46	CL	Colgate Palmolive	Pair Corr
0.34	HFFG	Hf Foods Group Trending	Pair Corr
0.32	DG	Dollar General	Pair Corr
0.57	TR	Tootsie Roll Industries	Pair Corr
0.43	UL	Unilever PLC ADR	Pair Corr

Related Correlations Analysis

	CHEF	AVO	ANDE	PFGC	SYY	CVGW	SPTN	USFD	HFFG
CHEF		-0.26	0.32	0.0	-0.46	-0.44	0.5	0.53	-0.71	CHEF
AVO	-0.26		-0.27	0.47	0.55	0.63	-0.44	0.27	0.45	AVO
ANDE	0.32	-0.27		-0.1	-0.02	0.04	0.15	-0.02	-0.21	ANDE
PFGC	0.0	0.47	-0.1		-0.06	0.24	-0.57	0.77	0.36	PFGC
SYY	-0.46	0.55	-0.02	-0.06		0.52	-0.04	-0.28	0.28	SYY
CVGW	-0.44	0.63	0.04	0.24	0.52		-0.16	-0.09	0.74	CVGW
SPTN	0.5	-0.44	0.15	-0.57	-0.04	-0.16		-0.15	-0.45	SPTN
USFD	0.53	0.27	-0.02	0.77	-0.28	-0.09	-0.15		-0.12	USFD
HFFG	-0.71	0.45	-0.21	0.36	0.28	0.74	-0.45	-0.12		HFFG
	CHEF	AVO	ANDE	PFGC	SYY	CVGW	SPTN	USFD	HFFG

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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	+ 0.77	PFGC
HFFG	+ 0.74	CVGW
CVGW	+ 0.63	AVO
SYY	+ 0.55	AVO
USFD	+ 0.53	CHEF
CVGW	+ 0.52	SYY

High negative correlations

HFFG	- 0.71	CHEF
SPTN	- 0.57	PFGC
SYY	- 0.46	CHEF
HFFG	- 0.45	SPTN
SPTN	- 0.44	AVO
CVGW	- 0.44	CHEF

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Natural 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 United Natural'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
CHEF	1.44	0.20	0.09	0.13	2.06	(1.53)	2.85	(3.09)	16.12
AVO	1.82	(0.35)	0.00	(0.47)	0.00	0.00	2.81	(4.34)	30.50
ANDE	1.73	(0.01)	0.00	(0.08)	0.00	0.00	3.13	(3.26)	20.70
PFGC	1.23	(0.15)	0.00	(0.21)	0.00	0.00	2.19	(3.17)	6.86
SYY	0.98	(0.15)	0.00	(0.59)	0.00	0.00	1.99	(1.68)	8.75
CVGW	1.87	(0.07)	0.00	(0.19)	0.00	0.00	4.15	(4.36)	12.71
SPTN	1.32	0.04	0.05	0.14	1.85	(1.28)	2.14	(2.83)	14.26
USFD	1.10	(0.06)	0.00	(0.13)	0.00	0.00	1.77	(2.60)	5.44
HFFG	3.40	0.17	0.02	0.01	3.29	(5.12)	10.91	(5.95)	24.39

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