Albertsons Companies Correlations

ACI Stock

USD 20.80 0.76 3.79%

The current 90-days correlation between Albertsons Companies and Kroger Company is 0.11 (i.e., Average diversification). The correlation of Albertsons Companies 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.

Albertsons Companies Correlation With Market

Good diversification

The correlation between Albertsons Companies and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Albertsons Companies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Albertsons Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albertsons Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more detail on how to invest in Albertsons Stock please use our How to Invest in Albertsons Companies guide.

Moving against Albertsons Stock

0.44	UG	United Guardian	Pair Corr
0.31	IH	Ihuman Inc	Pair Corr
0.39	CENTA	Central Garden Pet	Pair Corr
0.36	DTCK	Davis Commodities	Pair Corr
0.36	FEDU	Four Seasons Education	Pair Corr

Related Correlations Analysis

	KR	GO	SFM	WMK	BTU	CNX	ABG	AFG	AJG
KR		0.33	0.2	0.43	0.03	0.1	-0.02	0.56	-0.19	KR
GO	0.33		0.39	0.92	-0.37	-0.75	-0.7	0.34	0.27	GO
SFM	0.2	0.39		0.33	-0.2	-0.17	-0.38	0.24	0.37	SFM
WMK	0.43	0.92	0.33		-0.27	-0.69	-0.62	0.47	0.2	WMK
BTU	0.03	-0.37	-0.2	-0.27		0.47	0.42	0.02	-0.22	BTU
CNX	0.1	-0.75	-0.17	-0.69	0.47		0.6	-0.16	-0.33	CNX
ABG	-0.02	-0.7	-0.38	-0.62	0.42	0.6		0.0	-0.5	ABG
AFG	0.56	0.34	0.24	0.47	0.02	-0.16	0.0		-0.26	AFG
AJG	-0.19	0.27	0.37	0.2	-0.22	-0.33	-0.5	-0.26		AJG
	KR	GO	SFM	WMK	BTU	CNX	ABG	AFG	AJG

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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

WMK	+ 0.92	GO
ABG	+ 0.6	CNX
AFG	+ 0.56	KR
AFG	+ 0.47	WMK
CNX	+ 0.47	BTU
WMK	+ 0.43	KR

High negative correlations

CNX	- 0.75	GO
ABG	- 0.7	GO
CNX	- 0.69	WMK
ABG	- 0.62	WMK
AJG	- 0.5	ABG
ABG	- 0.38	SFM

Risk-Adjusted Indicators

There is a big difference between Albertsons Stock performing well and Albertsons Companies 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 Albertsons Companies' 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
KR	1.18	0.14	(0.06)	(0.31)	1.22	(1.40)	2.39	(1.90)	12.24
GO	2.03	0.05	(0.07)	(0.02)	2.39	(2.25)	4.11	(3.87)	11.45
SFM	1.60	0.02	(0.05)	0.27	2.10	(1.46)	3.24	(2.95)	8.68
WMK	1.41	(0.11)	0.00	(0.12)	0.00	0.00	2.62	(3.06)	10.85
BTU	2.75	0.59	0.16	(30.85)	2.23	(3.50)	8.97	(4.07)	15.47
CNX	1.44	0.10	(0.03)	(0.71)	2.29	(1.31)	2.47	(4.42)	9.94
ABG	1.57	(0.06)	(0.02)	0.12	2.17	(1.61)	3.68	(3.00)	12.35
AFG	1.13	(0.12)	(0.09)	0.03	1.62	(1.10)	1.96	(2.05)	9.40
AJG	1.12	(0.21)	0.00	(0.13)	0.00	0.00	2.30	(2.62)	7.55

Albertsons Companies Corporate Management

Mary West	Independent Director	Profile
Vivek Sankaran	CEO Director	Profile
Robert Miller	Chairman of the Board	Profile
Sharon Allen	Independent Director	Profile
Robert Gordon	Executive Vice President General Counsel, Secretary	Profile
Steven Davis	Independent Director	Profile

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