Dollar General Correlations

DG Stock

USD 110.09 0.86 0.79%

The current 90-days correlation between Dollar General and Dollar Tree is 0.46 (i.e., Very weak diversification). The correlation of Dollar General 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.

Dollar General Correlation With Market

Good diversification

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

Build AI portfolio with Dollar Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar General. 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.

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

Moving together with Dollar Stock

0.61	TGT	Target	Pair Corr
0.83	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.85	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.64	TR	Tootsie Roll Industries Earnings Call This Week	Pair Corr
0.66	YQ	17 Education Technology	Pair Corr
0.87	DLTR	Dollar Tree	Pair Corr
0.73	DTCK	Davis Commodities	Pair Corr
0.78	EPSM	Epsium Enterprise	Pair Corr
0.75	WILC	G Willi Food	Pair Corr
0.8	EWCZ	European Wax Center	Pair Corr

Moving against Dollar Stock

0.82	JZ	Jianzhi Education	Pair Corr
0.73	K	Kellanova Earnings Call This Week	Pair Corr
0.69	GO	Grocery Outlet Holding	Pair Corr
0.63	BJ	BJs Wholesale Club	Pair Corr
0.62	DNUT	Krispy Kreme	Pair Corr
0.49	DOLE	Dole PLC	Pair Corr
0.39	GV	Visionary Education	Pair Corr
0.35	PG	Procter Gamble	Pair Corr
0.34	CL	Colgate Palmolive Earnings Call This Week	Pair Corr
0.32	KO	Coca Cola Earnings Call This Week	Pair Corr
0.32	YI	111 Inc	Pair Corr
0.85	WGRX	Wellgistics Health, Buyout Trend	Pair Corr
0.84	WYHG	Wing Yip Food	Pair Corr
0.77	EEIQ	Elite Education Group	Pair Corr
0.76	FARM	Farmer Bros	Pair Corr
0.66	XAGE	Longevity Health Hol Symbol Change	Pair Corr
0.63	WVVI	Willamette Valley	Pair Corr
0.56	EDTK	Skillful Craftsman	Pair Corr
0.47	VSTA	Vasta Platform	Pair Corr
0.47	BSLKW	Bolt Projects Holdings, Symbol Change	Pair Corr

Related Correlations Analysis

	DLTR	BJ	WMT	TGT	TJX	ROST	AZO	ULTA
DLTR		-0.77	0.24	0.81	-0.56	-0.61	0.06	0.93	DLTR
BJ	-0.77		-0.03	-0.67	0.56	0.5	0.18	-0.76	BJ
WMT	0.24	-0.03		0.18	0.31	0.21	0.43	0.33	WMT
TGT	0.81	-0.67	0.18		-0.38	-0.39	0.17	0.69	TGT
TJX	-0.56	0.56	0.31	-0.38		0.9	0.55	-0.52	TJX
ROST	-0.61	0.5	0.21	-0.39	0.9		0.48	-0.55	ROST
AZO	0.06	0.18	0.43	0.17	0.55	0.48		0.04	AZO
ULTA	0.93	-0.76	0.33	0.69	-0.52	-0.55	0.04		ULTA
	DLTR	BJ	WMT	TGT	TJX	ROST	AZO	ULTA

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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

ULTA	+ 0.93	DLTR
ROST	+ 0.9	TJX
TGT	+ 0.81	DLTR
ULTA	+ 0.69	TGT
TJX	+ 0.56	BJ
AZO	+ 0.55	TJX

High negative correlations

BJ	- 0.77	DLTR
ULTA	- 0.76	BJ
TGT	- 0.67	BJ
ROST	- 0.61	DLTR
TJX	- 0.56	DLTR
ULTA	- 0.55	ROST

Risk-Adjusted Indicators

There is a big difference between Dollar Stock performing well and Dollar General 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 Dollar General'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
DLTR	1.76	0.58	0.22	1.52	1.74	(2.05)	4.63	(2.59)	16.47
BJ	1.35	(0.23)	0.00	(0.81)	0.00	0.00	2.72	(3.46)	10.10
WMT	0.86	0.04	(0.09)	(2.65)	0.97	(0.99)	1.96	(1.56)	5.03
TGT	1.63	0.00	0.02	0.13	1.82	(1.74)	3.51	(2.77)	10.07
TJX	0.82	(0.05)	0.00	0.36	0.00	0.00	1.70	(1.70)	5.63
ROST	1.10	(0.28)	0.00	(0.13)	0.00	0.00	1.78	(2.63)	14.75
AZO	1.07	(0.03)	(0.09)	0.04	1.25	(1.16)	2.48	(2.00)	6.66
ULTA	1.30	0.37	0.28	0.63	0.75	(1.57)	3.51	(1.81)	13.36

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