Ingles Markets Correlations
| IMKTA Stock | USD 63.20 1.28 2.07% |
The current 90-days correlation between Ingles Markets and Weis Markets is 0.64 (i.e., Poor diversification). The correlation of Ingles Markets 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.
Ingles Markets Correlation With Market
Good diversification
The correlation between Ingles Markets Incorporated and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ingles Markets Incorporated and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Ingles Stock
Moving against Ingles Stock
| 0.54 | K | Kellanova | PairCorr |
| 0.49 | KO | Coca Cola | PairCorr |
| 0.48 | MDLZ | Mondelez International | PairCorr |
| 0.46 | IH | Ihuman Inc | PairCorr |
| 0.43 | CL | Colgate Palmolive | PairCorr |
| 0.36 | WMK | Weis Markets | PairCorr |
| 0.52 | MNST | Monster Beverage Corp | PairCorr |
| 0.46 | MO | Altria Group | PairCorr |
| 0.45 | PM | Philip Morris Intern | PairCorr |
| 0.45 | YI | 111 Inc | PairCorr |
| 0.44 | DOLE | Dole PLC | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ingles Stock performing well and Ingles Markets 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 Ingles Markets' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WMK | 1.41 | 0.43 | 0.28 | 10.02 | 1.50 | 3.01 | 8.78 | |||
| NGVC | 2.39 | 0.27 | 0.11 | 1.66 | 3.15 | 4.95 | 16.17 | |||
| ASAI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GO | 2.78 | 0.13 | 0.04 | 0.49 | 6.14 | 5.65 | 33.63 | |||
| VLGEA | 1.34 | 0.13 | 0.17 | (9.31) | 1.29 | 3.29 | 7.75 | |||
| ADRNY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ACI | 1.53 | 0.21 | 0.13 | 2.01 | 2.01 | 3.39 | 12.81 | |||
| KR | 1.28 | 0.24 | 0.20 | 1.01 | 1.41 | 3.14 | 10.19 | |||
| OCDDY | 3.55 | 0.09 | 0.04 | (0.50) | 5.04 | 7.99 | 24.74 |
Ingles Markets Corporate Executives
Elected by the shareholders, the Ingles Markets' board of directors comprises two types of representatives: Ingles Markets inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ingles. The board's role is to monitor Ingles Markets' management team and ensure that shareholders' interests are well served. Ingles Markets' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ingles Markets' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Patricia CPA | VP CFO | Profile |