SpartanNash Correlations

SPTN Stock

USD 21.93 0.11 0.50%

The current 90-days correlation between SpartanNash and Calavo Growers is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SpartanNash moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SpartanNash Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SpartanNash Correlation With Market

Weak diversification

The correlation between SpartanNash Co and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SpartanNash Co and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SpartanNash Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with SpartanNash Stock

0.83	WMT	Walmart	Pair Corr
0.86	TBBB	BBB Foods	Pair Corr
0.95	VLGEA	Village Super Market	Pair Corr
0.75	K	Kellanova	Pair Corr
0.85	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.9	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.62	KR	Kroger Company	Pair Corr
0.91	MO	Altria Group	Pair Corr
0.73	PG	Procter Gamble	Pair Corr
0.91	PM	Philip Morris Intern	Pair Corr
0.9	UG	United Guardian	Pair Corr
0.91	UL	Unilever PLC ADR Sell-off Trend	Pair Corr
0.94	DOLE	Dole PLC	Pair Corr

Moving against SpartanNash Stock

0.82	GO	Grocery Outlet Holding	Pair Corr
0.75	EL	Estee Lauder Companies	Pair Corr
0.74	DG	Dollar General Sell-off Trend	Pair Corr
0.71	DLTR	Dollar Tree	Pair Corr
0.71	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.7	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.66	BJ	BJs Wholesale Club	Pair Corr
0.65	YI	111 Inc	Pair Corr
0.44	BG	Bunge Limited	Pair Corr
0.83	VITL	Vital Farms	Pair Corr
0.79	VSTA	Vasta Platform	Pair Corr
0.78	FAMI	Farmmi Inc	Pair Corr
0.78	BON	Bon Natural Life	Pair Corr
0.77	WEST	Westrock Coffee	Pair Corr
0.76	AQB	AquaBounty Technologies	Pair Corr
0.75	WVVI	Willamette Valley	Pair Corr
0.69	WAFU	Wah Fu Education	Pair Corr
0.61	EDBL	Edible Garden AG	Pair Corr
0.52	FIZZ	National Beverage Corp	Pair Corr
0.44	EEIQ	Elite Education Group	Pair Corr

Related Correlations Analysis

	PFGC	USFD	CVGW	ANDE	CHEF	HFFG	AVO	SYY
PFGC		0.96	0.6	-0.01	0.16	0.41	0.48	0.77	PFGC
USFD	0.96		0.66	-0.09	0.23	0.35	0.58	0.76	USFD
CVGW	0.6	0.66		-0.01	0.22	0.29	0.89	0.37	CVGW
ANDE	-0.01	-0.09	-0.01		0.54	0.61	0.09	0.0	ANDE
CHEF	0.16	0.23	0.22	0.54		0.35	0.3	0.01	CHEF
HFFG	0.41	0.35	0.29	0.61	0.35		0.4	0.48	HFFG
AVO	0.48	0.58	0.89	0.09	0.3	0.4		0.45	AVO
SYY	0.77	0.76	0.37	0.0	0.01	0.48	0.45		SYY
	PFGC	USFD	CVGW	ANDE	CHEF	HFFG	AVO	SYY

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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

USFD	+ 0.96	PFGC
AVO	+ 0.89	CVGW
SYY	+ 0.77	PFGC
SYY	+ 0.76	USFD
CVGW	+ 0.66	USFD
HFFG	+ 0.61	ANDE

High negative correlations

ANDE	- 0.09	USFD
ANDE	- 0.01	CVGW
ANDE	- 0.01	PFGC
SYY	- 0.0	ANDE

Risk-Adjusted Indicators

There is a big difference between SpartanNash Stock performing well and SpartanNash 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 SpartanNash'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
PFGC	1.37	0.03	0.04	0.13	1.71	(1.46)	2.90	(2.84)	9.94
USFD	1.16	0.13	0.08	0.21	1.47	(1.25)	2.73	(3.02)	8.65
CVGW	2.20	0.14	0.07	0.25	1.92	(2.93)	5.86	(3.10)	13.92
ANDE	1.50	(0.13)	(0.03)	0.02	2.03	(1.55)	3.28	(3.30)	11.33
CHEF	1.59	(0.05)	(0.01)	0.06	2.65	(1.40)	2.74	(3.30)	10.69
HFFG	3.86	(0.17)	0.02	0.06	4.71	(4.22)	9.45	(8.53)	25.76
AVO	1.63	0.34	0.21	0.46	1.24	(2.02)	3.66	(1.87)	22.96
SYY	0.99	0.02	(0.01)	0.14	1.44	(0.96)	2.77	(2.72)	7.26

SpartanNash Corporate Management

Ileana McAlary	Chief VP	Profile
Adrienne Chance	Senior Foundation	Profile
Amy McClellan	Executive Officer	Profile
Bill Jacobs	Vice Development	Profile
Erin Storm	Senior Officer	Profile
David Petko	Executive Officer	Profile

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