KROGER Correlations

501044DN8

74.77 4.66 5.87%

The current 90-days correlation between KROGER CO and AEP TEX INC is 0.37 (i.e., Weak diversification). The correlation of KROGER 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.

KROGER Correlation With Market

Significant diversification

The correlation between KROGER CO and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KROGER CO and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to KROGER could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KROGER 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 KROGER - 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 KROGER CO to buy it.

Moving against KROGER Bond

0.47	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.47	AVTE	Aerovate Therapeutics	Pair Corr
0.47	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.45	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.44	ELFNX	Elfun Trusts Elfun	Pair Corr
0.42	T	ATT Inc Sell-off Trend	Pair Corr
0.41	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.4	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.39	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.38	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	APLD	BBAI	INMD	FUND	IONQ	GOOG	PYPL	RXRX
00108WAF7		0.0	-0.01	0.04	-0.02	-0.04	-0.01	0.01	-0.07	0.0	00108WAF7
90331HPL1	0.0		-0.39	-0.57	-0.3	-0.45	-0.41	-0.12	-0.28	-0.48	90331HPL1
APLD	-0.01	-0.39		0.69	0.45	0.75	0.74	0.42	0.76	0.09	APLD
BBAI	0.04	-0.57	0.69		0.55	0.74	0.82	0.5	0.7	0.45	BBAI
INMD	-0.02	-0.3	0.45	0.55		0.77	0.77	0.61	0.62	0.42	INMD
FUND	-0.04	-0.45	0.75	0.74	0.77		0.87	0.79	0.89	0.4	FUND
IONQ	-0.01	-0.41	0.74	0.82	0.77	0.87		0.7	0.86	0.25	IONQ
GOOG	0.01	-0.12	0.42	0.5	0.61	0.79	0.7		0.79	0.4	GOOG
PYPL	-0.07	-0.28	0.76	0.7	0.62	0.89	0.86	0.79		0.3	PYPL
RXRX	0.0	-0.48	0.09	0.45	0.42	0.4	0.25	0.4	0.3		RXRX
	00108WAF7	90331HPL1	APLD	BBAI	INMD	FUND	IONQ	GOOG	PYPL	RXRX

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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

PYPL	+ 0.89	FUND
IONQ	+ 0.87	FUND
PYPL	+ 0.86	IONQ
IONQ	+ 0.82	BBAI
GOOG	+ 0.79	FUND
PYPL	+ 0.79	GOOG

High negative correlations

BBAI	- 0.57	90331HPL1
RXRX	- 0.48	90331HPL1
FUND	- 0.45	90331HPL1
IONQ	- 0.41	90331HPL1
APLD	- 0.39	90331HPL1
INMD	- 0.3	90331HPL1

Risk-Adjusted Indicators

There is a big difference between KROGER Bond performing well and KROGER Corporate Bond 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 KROGER'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
00108WAF7	1.33	0.18	0.00	(0.24)	1.84	(1.41)	3.24	(2.55)	10.75
90331HPL1	0.37	0.02	0.00	0.06	0.00	0.00	1.39	(1.70)	7.07
APLD	5.24	0.40	0.10	0.29	5.09	(5.88)	10.56	(8.40)	28.97
BBAI	5.11	1.41	0.23	9.84	4.53	(6.51)	17.05	(7.85)	36.41
INMD	2.12	0.06	0.06	0.14	2.73	(2.18)	4.56	(5.21)	17.38
FUND	0.57	0.05	0.03	0.19	0.44	(0.66)	1.30	(1.02)	4.46
IONQ	6.03	2.47	0.43	1.11	4.81	(7.26)	16.30	(9.99)	47.83
GOOG	1.10	0.28	0.13	0.71	1.23	(1.14)	2.22	(1.95)	8.60
PYPL	1.35	0.25	0.17	0.32	1.25	(1.52)	3.52	(2.59)	10.05
RXRX	3.70	0.24	0.06	0.27	4.57	(3.81)	8.32	(6.56)	20.99

Be your own money manager

Our tools can tell you how much better you can do entering a position in KROGER 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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