Natural Grocers Correlations

NGVC Stock

USD 33.23 0.46 1.40%

The current 90-days correlation between Natural Grocers by and Ingles Markets Incorporated is 0.51 (i.e., Very weak 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

Very weak diversification

The correlation between Natural Grocers by and DJI is 0.42 (i.e., Very weak 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natural Grocers by. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Natural Stock

0.74	WMT	Walmart Aggressive Push	Pair Corr
0.64	COST	Costco Wholesale Corp	Pair Corr
0.7	KR	Kroger Company	Pair Corr
0.69	TR	Tootsie Roll Industries	Pair Corr
0.73	DNUT	Krispy Kreme	Pair Corr
0.79	DOLE	Dole PLC Earnings Call This Week	Pair Corr

Moving against Natural Stock

0.71	YI	111 Inc	Pair Corr
0.68	DLTR	Dollar Tree	Pair Corr
0.67	DG	Dollar General	Pair Corr
0.57	GO	Grocery Outlet Holding	Pair Corr
0.48	EL	Estee Lauder Companies	Pair Corr
0.32	BG	Bunge Limited	Pair Corr
0.66	WVVI	Willamette Valley Earnings Call This Week	Pair Corr
0.57	FAMI	Farmmi Inc	Pair Corr
0.52	WEST	Westrock Coffee	Pair Corr
0.52	FARM	Farmer Bros	Pair Corr
0.49	ACI	Albertsons Companies	Pair Corr
0.48	DTCK	Davis Commodities	Pair Corr
0.47	EDBL	Edible Garden AG Earnings Call This Week	Pair Corr
0.44	EEIQ	Elite Education Group	Pair Corr
0.35	EAST	Eastside Distilling Earnings Call This Week	Pair Corr
0.33	VSTA	Vasta Platform	Pair Corr
0.32	BRBMF	Big Rock Brewery Earnings Call This Week	Pair Corr
0.31	BRCNF	Burcon NutraScience Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	WMK	IMKTA	ASAI	GO	VLGEA	ADRNY	OCDDY	SFM	ACI
WMK		0.64	0.16	0.13	0.63	-0.39	-0.27	-0.03	-0.01	WMK
IMKTA	0.64		0.78	0.54	0.27	-0.12	-0.38	-0.6	0.48	IMKTA
ASAI	0.16	0.78		0.76	-0.17	0.3	-0.24	-0.8	0.75	ASAI
GO	0.13	0.54	0.76		-0.2	0.28	0.1	-0.7	0.69	GO
VLGEA	0.63	0.27	-0.17	-0.2		-0.51	-0.29	0.08	-0.18	VLGEA
ADRNY	-0.39	-0.12	0.3	0.28	-0.51		-0.17	0.1	0.52	ADRNY
OCDDY	-0.27	-0.38	-0.24	0.1	-0.29	-0.17		0.01	-0.07	OCDDY
SFM	-0.03	-0.6	-0.8	-0.7	0.08	0.1	0.01		-0.49	SFM
ACI	-0.01	0.48	0.75	0.69	-0.18	0.52	-0.07	-0.49		ACI
	WMK	IMKTA	ASAI	GO	VLGEA	ADRNY	OCDDY	SFM	ACI

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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

ASAI	+ 0.78	IMKTA
GO	+ 0.76	ASAI
ACI	+ 0.75	ASAI
ACI	+ 0.69	GO
IMKTA	+ 0.64	WMK
VLGEA	+ 0.63	WMK

High negative correlations

SFM	- 0.8	ASAI
SFM	- 0.7	GO
SFM	- 0.6	IMKTA
ADRNY	- 0.51	VLGEA
ACI	- 0.49	SFM
ADRNY	- 0.39	WMK

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	1.26	(0.08)	(0.03)	0.11	1.40	(1.40)	2.77	(2.39)	7.42
IMKTA	1.30	(0.27)	0.00	(0.04)	0.00	0.00	2.48	(4.43)	9.24
ASAI	2.80	(0.63)	0.00	(0.72)	0.00	0.00	4.89	(6.90)	14.97
GO	2.39	(0.45)	0.00	(0.09)	0.00	0.00	5.24	(4.46)	22.16
VLGEA	1.50	0.01	0.08	0.18	1.46	(1.68)	4.07	(2.66)	10.00
ADRNY	0.67	0.00	(0.18)	0.15	0.81	(0.72)	1.37	(1.24)	3.37
OCDDY	2.00	0.01	0.00	0.15	0.00	0.00	3.72	(4.58)	10.88
SFM	1.26	0.51	0.35	1.04	0.62	(1.57)	3.26	(1.84)	7.41
ACI	1.15	(0.11)	(0.13)	0.00	1.30	(1.32)	2.62	(2.18)	5.61

Natural Grocers Corporate Executives

Elected by the shareholders, the Natural Grocers' board of directors comprises two types of representatives: Natural Grocers inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Natural. The board's role is to monitor Natural Grocers' management team and ensure that shareholders' interests are well served. Natural Grocers' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Natural Grocers' outside directors are responsible for providing unbiased perspectives on the board's policies.

Todd Dissinger

Chief Financial Officer

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