Natural Grocers Correlations
| NGVC Stock | USD 42.47 1.36 3.31% |
The current 90-days correlation between Natural Grocers by and Ingles Markets Incorporated is 0.15 (i.e., Average diversification). The correlation of Natural Grocers 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.
Natural Grocers Correlation With Market
Good diversification
The correlation between Natural Grocers by 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 Natural Grocers by and DJI in the same portfolio, assuming nothing else is changed.
Natural |
Moving together with Natural Stock
| 0.62 | GO | Grocery Outlet Holding | PairCorr |
| 0.91 | SFM | Sprouts Farmers Market | PairCorr |
| 0.82 | WMT | Walmart | PairCorr |
| 0.67 | PSMT | PriceSmart | PairCorr |
| 0.75 | CART | Maplebear | PairCorr |
| 0.65 | CASY | Caseys General Stores | PairCorr |
| 0.8 | COST | Costco Wholesale Corp | PairCorr |
| 0.75 | UNFI | United Natural Foods | PairCorr |
| 0.69 | USFD | US Foods Holding | PairCorr |
Moving against Natural Stock
| 0.54 | WBA | Walgreens Boots Alliance | PairCorr |
| 0.52 | SYY | Sysco | PairCorr |
| 0.37 | WMK | Weis Markets | PairCorr |
| 0.32 | DG | Dollar General | PairCorr |
| 0.64 | TR | Tootsie Roll Industries | PairCorr |
| 0.62 | BG | Bunge Limited | PairCorr |
| 0.52 | CL | Colgate Palmolive | PairCorr |
| 0.43 | MO | Altria Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Natural Stock performing well and Natural Grocers 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 Natural Grocers' 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 | 1.31 | 0.27 | 0.23 | 18.73 | 1.60 | 3.01 | 8.78 | |||
| IMKTA | 1.28 | (0.01) | 0.00 | (0.54) | 0.00 | 2.49 | 7.64 | |||
| ASAI | 0.84 | 0.03 | 0.00 | (0.38) | 0.00 | 1.74 | 3.24 | |||
| GO | 2.81 | (0.01) | 0.00 | (0.21) | 0.00 | 7.64 | 38.19 | |||
| VLGEA | 1.46 | 0.29 | 0.28 | 5.89 | 1.31 | 3.29 | 10.84 | |||
| ADRNY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OCDDY | 3.40 | 0.25 | 0.05 | 0.07 | 4.84 | 7.99 | 29.71 | |||
| SFM | 2.04 | 0.18 | 0.07 | 0.51 | 3.78 | 3.82 | 21.16 | |||
| ACI | 1.26 | 0.16 | 0.18 | (1.35) | 1.57 | 3.42 | 8.11 |
Natural Grocers Corporate Management
| David Rooney | Independent Director | Profile | |
| Jessica Thiessen | Assistant Treasurer | Profile | |
| Richard Hall | Chief Officer | Profile | |
| John Esq | VP Counsel | Profile |