Weis Markets Correlations

WMK Stock

USD 73.97 0.77 1.05%

The current 90-days correlation between Weis Markets and Natural Grocers by is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Weis Markets moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Weis Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Weis Markets Correlation With Market

Good diversification

The correlation between Weis Markets and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Weis Markets and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weis Markets. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Weis Stock please use our How to buy in Weis Stock guide.

Moving together with Weis Stock

0.88	GO	Grocery Outlet Holding	Pair Corr
0.72	KR	Kroger Company	Pair Corr
0.63	BJ	BJs Wholesale Club	Pair Corr
0.65	VSTA	Vasta Platform	Pair Corr

Moving against Weis Stock

0.65	EL	Estee Lauder Companies	Pair Corr
0.48	IH	Ihuman Inc	Pair Corr
0.45	DG	Dollar General	Pair Corr
0.39	LW	Lamb Weston Holdings	Pair Corr
0.65	WEST	Westrock Coffee	Pair Corr
0.63	EDBL	Edible Garden AG	Pair Corr
0.6	EPSM	Epsium Enterprise	Pair Corr
0.6	WILC	G Willi Food	Pair Corr
0.36	DLTR	Dollar Tree	Pair Corr
0.33	DTCK	Davis Commodities	Pair Corr
0.31	WAFU	Wah Fu Education	Pair Corr

Related Correlations Analysis

	NGVC	IMKTA	ASAI	GO	VLGEA	SFM	AHODF	CLEGF	ACI	DDL
NGVC		-0.14	0.0	0.61	0.06	0.59	0.39	0.38	0.49	-0.14	NGVC
IMKTA	-0.14		0.0	0.12	-0.05	-0.25	-0.48	-0.53	0.18	0.46	IMKTA
ASAI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ASAI
GO	0.61	0.12	0.0		-0.2	0.45	0.08	-0.09	0.43	0.33	GO
VLGEA	0.06	-0.05	0.0	-0.2		0.53	0.53	0.47	0.39	-0.45	VLGEA
SFM	0.59	-0.25	0.0	0.45	0.53		0.62	0.37	0.4	-0.31	SFM
AHODF	0.39	-0.48	0.0	0.08	0.53	0.62		0.7	0.43	-0.35	AHODF
CLEGF	0.38	-0.53	0.0	-0.09	0.47	0.37	0.7		0.25	-0.41	CLEGF
ACI	0.49	0.18	0.0	0.43	0.39	0.4	0.43	0.25		0.1	ACI
DDL	-0.14	0.46	0.0	0.33	-0.45	-0.31	-0.35	-0.41	0.1		DDL
	NGVC	IMKTA	ASAI	GO	VLGEA	SFM	AHODF	CLEGF	ACI	DDL

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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

CLEGF	+ 0.7	AHODF
AHODF	+ 0.62	SFM
GO	+ 0.61	NGVC
SFM	+ 0.59	NGVC
SFM	+ 0.53	VLGEA
AHODF	+ 0.53	VLGEA

High negative correlations

CLEGF	- 0.53	IMKTA
AHODF	- 0.48	IMKTA
DDL	- 0.45	VLGEA
DDL	- 0.41	CLEGF
DDL	- 0.35	AHODF
DDL	- 0.31	SFM

Risk-Adjusted Indicators

There is a big difference between Weis Stock performing well and Weis 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 Weis 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
NGVC	2.43	0.17	0.05	2.36	2.94	(2.81)	3.74	(4.31)	40.43
IMKTA	1.21	0.02	0.00	(0.10)	1.71	(1.15)	2.53	(2.64)	7.60
ASAI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GO	2.04	0.09	0.03	1.56	2.38	(2.20)	5.32	(3.87)	11.77
VLGEA	1.23	0.17	0.10	(2.01)	1.22	(1.42)	2.99	(2.01)	6.98
SFM	1.66	0.22	0.09	2.57	2.00	(1.67)	3.30	(2.95)	11.91
AHODF	1.11	0.17	0.04	0.43	1.43	(4.07)	6.56	(1.95)	13.51
CLEGF	2.02	0.54	0.00	50.44	0.00	0.00	0.00	0.00	57.17
ACI	1.26	0.08	0.03	3.73	1.88	(1.26)	2.60	(2.60)	9.71
DDL	2.57	(0.55)	0.00	(1.29)	0.00	0.00	6.86	(4.95)	13.78

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