Krispy Kreme Correlations

DNUT Stock

USD 3.13 0.02 0.64%

The current 90-days correlation between Krispy Kreme and Natural Grocers by is -0.3 (i.e., Very good diversification). The correlation of Krispy Kreme 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Krispy Kreme Correlation With Market

Modest diversification

The correlation between Krispy Kreme and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Krispy Kreme and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Krispy Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Krispy Kreme. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Krispy Stock please use our How to Invest in Krispy Kreme guide.

Moving against Krispy Stock

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0.8	FL	Foot Locker	Pair Corr
0.8	RL	Ralph Lauren Corp	Pair Corr
0.77	EPSM	Epsium Enterprise	Pair Corr
0.75	BKE	Buckle Inc	Pair Corr
0.69	FOSL	Fossil Group	Pair Corr
0.66	RRR	Red Rock Resorts Earnings Call This Week	Pair Corr
0.6	HVT	Haverty Furniture	Pair Corr
0.57	LEG	Leggett Platt	Pair Corr
0.56	BBY	Best Buy	Pair Corr
0.49	VSCO	Victorias Secret	Pair Corr
0.47	ANF	Abercrombie Fitch	Pair Corr
0.42	GES	Guess Inc	Pair Corr
0.36	HD	Home Depot	Pair Corr
0.34	FND	Floor Decor Holdings	Pair Corr
0.84	GRPN	Groupon	Pair Corr
0.79	URBN	Urban Outfitters	Pair Corr
0.76	UAA	Under Armour A	Pair Corr
0.75	VVA	Viva Leisure	Pair Corr
0.69	SONO	Sonos Inc	Pair Corr
0.67	GPRO	GoPro Inc	Pair Corr
0.57	SCVL	Shoe Carnival	Pair Corr
0.52	ARHS	Arhaus Inc	Pair Corr
0.43	SONY	Sony Group Corp	Pair Corr
0.67	JPM	JPMorgan Chase	Pair Corr
0.53	LTRY	Lottery, Common Stock	Pair Corr
0.45	OLI	Olivers Real Food	Pair Corr

Related Correlations Analysis

	ASAI	NGVC	SFM	ACI	IMKTA	KR	GO	WMK	MF
ASAI		0.88	0.27	0.25	-0.63	-0.23	0.63	0.53	0.0	ASAI
NGVC	0.88		0.28	0.31	-0.53	-0.09	0.59	0.51	0.0	NGVC
SFM	0.27	0.28		0.13	-0.1	0.22	0.39	0.31	0.0	SFM
ACI	0.25	0.31	0.13		0.04	0.14	0.19	0.13	0.0	ACI
IMKTA	-0.63	-0.53	-0.1	0.04		0.55	-0.16	-0.02	0.0	IMKTA
KR	-0.23	-0.09	0.22	0.14	0.55		0.37	0.42	0.0	KR
GO	0.63	0.59	0.39	0.19	-0.16	0.37		0.93	0.0	GO
WMK	0.53	0.51	0.31	0.13	-0.02	0.42	0.93		0.0	WMK
MF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MF
	ASAI	NGVC	SFM	ACI	IMKTA	KR	GO	WMK	MF

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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

WMK	+ 0.93	GO
NGVC	+ 0.88	ASAI
GO	+ 0.63	ASAI
GO	+ 0.59	NGVC
KR	+ 0.55	IMKTA
WMK	+ 0.53	ASAI

High negative correlations

IMKTA	- 0.63	ASAI
IMKTA	- 0.53	NGVC
KR	- 0.23	ASAI
GO	- 0.16	IMKTA
IMKTA	- 0.1	SFM
KR	- 0.09	NGVC

Risk-Adjusted Indicators

There is a big difference between Krispy Stock performing well and Krispy Kreme 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 Krispy Kreme'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
ASAI	3.01	(0.31)	0.00	0.84	0.00	0.00	6.51	(7.48)	23.54
NGVC	2.51	(0.16)	0.00	(17.35)	0.00	0.00	3.74	(6.67)	42.36
SFM	1.59	0.03	(0.03)	0.27	2.05	(1.49)	3.24	(2.95)	8.68
ACI	1.30	(0.08)	0.00	(0.23)	0.00	0.00	2.62	(2.55)	11.12
IMKTA	1.15	0.01	(0.03)	0.16	1.41	(1.11)	2.30	(2.23)	5.85
KR	1.20	0.10	(0.05)	(0.21)	1.25	(1.43)	2.39	(1.90)	12.24
GO	2.06	(0.03)	0.00	(1.31)	0.00	0.00	4.11	(3.87)	11.45
WMK	1.45	(0.12)	0.00	(0.25)	0.00	0.00	2.62	(3.06)	10.85
MF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Krispy Kreme Corporate Management

Nicola Steele	Chief Officer	Profile
Thomas Kuharcik	VP Operations	Profile
Eloise Hale	Vice Communications	Profile
Atiba Adams	Chief Secretary	Profile
Michael Tattersfield	Pres CEO	Profile

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