Albertsons Companies Correlations

ACI Stock

USD 17.48 0.25 1.41%

The current 90-days correlation between Albertsons Companies and Empire Company Limited is -0.09 (i.e., Good diversification). The correlation of Albertsons Companies 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.

Albertsons Companies Correlation With Market

Significant diversification

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

Build AI portfolio with Albertsons Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albertsons Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

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

Moving together with Albertsons Stock

0.64	BJ	BJs Wholesale Club	Pair Corr
0.81	DG	Dollar General	Pair Corr
0.73	KR	Kroger Company	Pair Corr
0.7	DLTR	Dollar Tree	Pair Corr
0.67	TGT	Target	Pair Corr
0.62	COST	Costco Wholesale Corp	Pair Corr
0.75	MCD	McDonalds	Pair Corr

Moving against Albertsons Stock

0.8	GS	Goldman Sachs Group	Pair Corr
0.62	BK	Bank of New York	Pair Corr
0.6	PLG	Platinum Group Metals	Pair Corr
0.5	PSMT	PriceSmart	Pair Corr
0.46	UEC	Uranium Energy Corp	Pair Corr
0.37	PATH	Uipath Inc	Pair Corr
0.61	IBM	International Business	Pair Corr
0.56	ILLR	Triller Group	Pair Corr
0.47	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.44	BAC	Bank of America	Pair Corr
0.43	CAT	Caterpillar	Pair Corr
0.37	AXP	American Express Sell-off Trend	Pair Corr

Related Correlations Analysis

	EMLAF	CVPBF	JSNSF	SFM	KKOYF	CRERF	BMBRF	GCHEF	VLGEA	CUYTF
EMLAF		0.06	-0.67	0.87	-0.61	-0.22	-0.85	0.8	0.43	0.0	EMLAF
CVPBF	0.06		0.18	-0.27	0.07	0.49	0.19	-0.01	-0.35	0.0	CVPBF
JSNSF	-0.67	0.18		-0.67	0.4	0.4	0.61	-0.54	-0.4	0.0	JSNSF
SFM	0.87	-0.27	-0.67		-0.67	-0.42	-0.87	0.77	0.57	0.0	SFM
KKOYF	-0.61	0.07	0.4	-0.67		0.64	0.58	-0.88	-0.72	0.0	KKOYF
CRERF	-0.22	0.49	0.4	-0.42	0.64		0.34	-0.5	-0.72	0.0	CRERF
BMBRF	-0.85	0.19	0.61	-0.87	0.58	0.34		-0.69	-0.55	0.0	BMBRF
GCHEF	0.8	-0.01	-0.54	0.77	-0.88	-0.5	-0.69		0.62	0.0	GCHEF
VLGEA	0.43	-0.35	-0.4	0.57	-0.72	-0.72	-0.55	0.62		0.0	VLGEA
CUYTF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CUYTF
	EMLAF	CVPBF	JSNSF	SFM	KKOYF	CRERF	BMBRF	GCHEF	VLGEA	CUYTF

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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

SFM	+ 0.87	EMLAF
GCHEF	+ 0.8	EMLAF
GCHEF	+ 0.77	SFM
CRERF	+ 0.64	KKOYF
VLGEA	+ 0.62	GCHEF
BMBRF	+ 0.61	JSNSF

High negative correlations

GCHEF	- 0.88	KKOYF
BMBRF	- 0.87	SFM
BMBRF	- 0.85	EMLAF
VLGEA	- 0.72	CRERF
VLGEA	- 0.72	KKOYF
GCHEF	- 0.69	BMBRF

Risk-Adjusted Indicators

There is a big difference between Albertsons Stock performing well and Albertsons Companies 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 Albertsons Companies' 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
EMLAF	0.92	(0.16)	0.00	0.48	0.00	0.00	1.66	(2.78)	7.15
CVPBF	1.65	0.22	0.00	(1.31)	0.00	0.00	3.33	(8.57)	33.09
JSNSF	1.92	0.21	0.03	0.47	2.38	(5.55)	7.47	(5.83)	21.98
SFM	1.84	(0.98)	0.00	(0.98)	0.00	0.00	2.70	(3.94)	30.37
KKOYF	0.07	0.03	0.00	2.48	0.00	0.00	0.00	0.00	1.36
CRERF	0.77	0.02	(0.02)	0.20	1.23	(1.75)	2.74	(3.44)	7.93
BMBRF	0.05	0.02	0.00	1.04	0.00	0.00	0.00	0.00	0.97
GCHEF	0.68	(0.11)	0.00	(0.38)	0.00	0.00	2.11	(2.07)	18.41
VLGEA	1.38	(0.14)	0.00	(0.09)	0.00	0.00	2.56	(2.09)	17.48
CUYTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Albertsons Companies Corporate Management

Mary West	Independent Director	Profile
Vivek Sankaran	CEO Director	Profile
Robert Miller	Chairman of the Board	Profile
Sharon Allen	Independent Director	Profile
Robert Gordon	Executive Vice President General Counsel, Secretary	Profile
Steven Davis	Independent Director	Profile

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