Grocery Outlet Correlations

GO Stock

USD 13.86 0.42 3.12%

The current 90-days correlation between Grocery Outlet Holding and Natural Grocers by is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grocery Outlet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grocery Outlet Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grocery Outlet Correlation With Market

Significant diversification

The correlation between Grocery Outlet Holding 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 Grocery Outlet Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Grocery Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grocery Outlet Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Grocery Stock

0.81

Kroger Company

Pair Corr

Moving against Grocery Stock

0.63	FC	Franklin Covey	Pair Corr
0.54	EL	Estee Lauder Companies	Pair Corr
0.47	UG	United Guardian	Pair Corr
0.46	TGT	Target	Pair Corr
0.4	LW	Lamb Weston Holdings	Pair Corr
0.58	EDBL	Edible Garden AG	Pair Corr
0.58	EWCZ	European Wax Center	Pair Corr
0.56	WEST	Westrock Coffee	Pair Corr
0.56	FEDU	Four Seasons Education	Pair Corr
0.48	WAFU	Wah Fu Education	Pair Corr
0.48	CENTA	Central Garden Pet	Pair Corr
0.47	WILC	G Willi Food	Pair Corr
0.44	FAMI	Farmmi Inc	Pair Corr
0.43	DTCK	Davis Commodities	Pair Corr
0.4	BON	Bon Natural Life	Pair Corr

Related Correlations Analysis

	NGVC	VLGEA	IMKTA	OCDDY	WMK	ASAI	ACI	KR	SFM
NGVC		0.19	-0.15	0.23	0.36	0.03	0.51	0.59	0.65	NGVC
VLGEA	0.19		-0.03	-0.34	-0.22	-0.68	0.44	0.14	0.62	VLGEA
IMKTA	-0.15	-0.03		0.36	0.4	0.49	0.19	0.2	-0.21	IMKTA
OCDDY	0.23	-0.34	0.36		0.47	0.58	0.03	0.23	-0.04	OCDDY
WMK	0.36	-0.22	0.4	0.47		0.62	0.3	0.68	0.22	WMK
ASAI	0.03	-0.68	0.49	0.58	0.62		0.0	0.3	-0.44	ASAI
ACI	0.51	0.44	0.19	0.03	0.3	0.0		0.63	0.45	ACI
KR	0.59	0.14	0.2	0.23	0.68	0.3	0.63		0.55	KR
SFM	0.65	0.62	-0.21	-0.04	0.22	-0.44	0.45	0.55		SFM
	NGVC	VLGEA	IMKTA	OCDDY	WMK	ASAI	ACI	KR	SFM

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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

KR	+ 0.68	WMK
SFM	+ 0.65	NGVC
KR	+ 0.63	ACI
SFM	+ 0.62	VLGEA
ASAI	+ 0.62	WMK
KR	+ 0.59	NGVC

High negative correlations

ASAI	- 0.68	VLGEA
SFM	- 0.44	ASAI
OCDDY	- 0.34	VLGEA
WMK	- 0.22	VLGEA
SFM	- 0.21	IMKTA
IMKTA	- 0.15	NGVC

Risk-Adjusted Indicators

There is a big difference between Grocery Stock performing well and Grocery Outlet 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 Grocery Outlet'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
NGVC	2.51	0.30	0.09	2.71	2.84	(2.89)	3.90	(4.31)	40.43
VLGEA	1.25	0.17	0.11	0.61	1.21	(1.43)	2.99	(2.01)	6.98
IMKTA	1.22	0.01	0.00	0.05	1.76	(1.12)	2.53	(2.64)	7.60
OCDDY	2.62	(0.09)	0.00	(0.07)	0.00	0.00	4.98	(5.36)	24.74
WMK	1.52	(0.06)	0.00	(0.16)	0.00	0.00	2.62	(3.06)	13.75
ASAI	3.01	(0.36)	0.00	2.28	0.00	0.00	6.51	(7.48)	23.54
ACI	1.29	0.05	0.01	0.55	1.87	(1.28)	2.60	(2.60)	9.71
KR	1.36	0.21	0.11	(1.64)	1.35	(1.65)	3.14	(1.90)	10.18
SFM	1.70	0.31	0.13	0.48	1.97	(1.76)	3.86	(2.95)	11.91

Grocery Outlet Corporate Management

Arvind Bhatia	Vice Relations	Profile
Arvind CFA	Vice Relations	Profile
Pamela Burke	Chief VP	Profile
Hank Holzgrefe	Senior Management	Profile
Harrison Lewis	Senior Officer	Profile
Andrea Bortner	Executive Officer	Profile

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