Ingles Markets Correlations

IMKTA Stock

USD 63.20 1.28 2.07%

The current 90-days correlation between Ingles Markets and Weis Markets is 0.64 (i.e., Poor diversification). The correlation of Ingles Markets 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.

Ingles Markets Correlation With Market

Weak diversification

The correlation between Ingles Markets Incorporated and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ingles Markets Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ingles Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ingles Markets Incorporated. 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 Ingles Stock

0.62	GO	Grocery Outlet Holding Earnings Call Tomorrow	Pair Corr
0.64	HCWC	Healthy Choice Wellness	Pair Corr
0.61	PFGC	Performance Food Earnings Call This Week	Pair Corr
0.66	CART	Maplebear Earnings Call This Week	Pair Corr

Moving against Ingles Stock

0.55	YI	111 Inc	Pair Corr
0.48	WMK	Weis Markets	Pair Corr
0.35	WBA	Walgreens Boots Alliance	Pair Corr
0.38	SPTN	SpartanNash Potential Growth	Pair Corr
0.64	K	Kellanova	Pair Corr
0.57	PM	Philip Morris Intern	Pair Corr
0.56	KO	Coca Cola	Pair Corr
0.55	MO	Altria Group	Pair Corr

Related Correlations Analysis

	WMK	NGVC	ASAI	GO	VLGEA	ADRNY	ACI	KR	OCDDY
WMK		0.0	-0.72	-0.17	0.51	0.0	0.76	0.86	-0.14	WMK
NGVC	0.0		-0.34	0.75	0.25	0.0	0.07	0.35	0.69	NGVC
ASAI	-0.72	-0.34		-0.16	-0.75	0.0	-0.56	-0.77	-0.26	ASAI
GO	-0.17	0.75	-0.16		0.31	0.0	0.02	0.22	0.67	GO
VLGEA	0.51	0.25	-0.75	0.31		0.0	0.62	0.64	0.34	VLGEA
ADRNY	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ADRNY
ACI	0.76	0.07	-0.56	0.02	0.62	0.0		0.8	0.04	ACI
KR	0.86	0.35	-0.77	0.22	0.64	0.0	0.8		0.21	KR
OCDDY	-0.14	0.69	-0.26	0.67	0.34	0.0	0.04	0.21		OCDDY
	WMK	NGVC	ASAI	GO	VLGEA	ADRNY	ACI	KR	OCDDY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	+ 0.86	WMK
KR	+ 0.8	ACI
ACI	+ 0.76	WMK
GO	+ 0.75	NGVC
OCDDY	+ 0.69	NGVC
OCDDY	+ 0.67	GO

High negative correlations

KR	- 0.77	ASAI
VLGEA	- 0.75	ASAI
ASAI	- 0.72	WMK
ACI	- 0.56	ASAI
ASAI	- 0.34	NGVC
OCDDY	- 0.26	ASAI

Risk-Adjusted Indicators

There is a big difference between Ingles Stock performing well and Ingles Markets 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 Ingles Markets' 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	1.39	0.45	0.28	1.03	1.45	(1.48)	3.01	(2.87)	8.78
NGVC	2.36	0.32	0.11	0.48	3.16	(2.37)	4.95	(4.96)	16.17
ASAI	3.01	(0.44)	0.00	0.56	0.00	0.00	6.51	(7.48)	23.54
GO	2.78	0.13	0.04	0.49	6.14	(2.66)	5.65	(4.55)	33.63
VLGEA	1.30	0.15	0.17	0.41	1.26	(1.55)	3.29	(1.87)	7.75
ADRNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ACI	1.52	0.18	0.11	0.92	2.09	(1.49)	3.39	(2.89)	12.81
KR	1.29	0.26	0.23	(4.36)	1.39	(1.44)	3.14	(2.34)	10.19
OCDDY	3.54	0.24	0.04	0.08	5.07	(3.65)	7.99	(6.16)	24.74

Ingles Markets Corporate Executives

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

Patricia CPA

VP CFO

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC