Albertsons Companies Correlations

ACI Stock

USD 19.37 0.31 1.63%

The current 90-days correlation between Albertsons Companies and Performance Food Group is 0.21 (i.e., Modest 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

Modest diversification

The correlation between Albertsons Companies and DJI is 0.28 (i.e., Modest 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.

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 main economic indicators.

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

0.62	GO	Grocery Outlet Holding	Pair Corr
0.65	DG	Dollar General	Pair Corr
0.67	DLTR	Dollar Tree Earnings Call This Week	Pair Corr

Moving against Albertsons Stock

0.38	IH	Ihuman Inc	Pair Corr
0.73	AQB	AquaBounty Technologies	Pair Corr
0.6	VINE	Fresh Grapes LLC	Pair Corr
0.56	BRLSW	Borealis Foods Symbol Change	Pair Corr
0.5	VITL	Vital Farms	Pair Corr
0.4	YQ	17 Education Technology	Pair Corr
0.32	BRBMF	Big Rock Brewery	Pair Corr
0.32	WTER	Alkaline Water	Pair Corr

Related Correlations Analysis

	HFFG	IVFH	CVGW	CHEF	DIT	PFGC	USFD	ANDE	AVO
HFFG		0.29	0.24	0.26	-0.24	0.54	0.41	0.17	0.19	HFFG
IVFH	0.29		-0.06	0.15	-0.75	0.64	0.52	-0.6	0.1	IVFH
CVGW	0.24	-0.06		-0.09	-0.12	0.47	0.49	-0.11	0.86	CVGW
CHEF	0.26	0.15	-0.09		-0.17	0.36	0.55	0.25	0.18	CHEF
DIT	-0.24	-0.75	-0.12	-0.17		-0.66	-0.66	0.45	-0.28	DIT
PFGC	0.54	0.64	0.47	0.36	-0.66		0.89	-0.21	0.52	PFGC
USFD	0.41	0.52	0.49	0.55	-0.66	0.89		-0.11	0.68	USFD
ANDE	0.17	-0.6	-0.11	0.25	0.45	-0.21	-0.11		-0.16	ANDE
AVO	0.19	0.1	0.86	0.18	-0.28	0.52	0.68	-0.16		AVO
	HFFG	IVFH	CVGW	CHEF	DIT	PFGC	USFD	ANDE	AVO

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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

USFD	+ 0.89	PFGC
AVO	+ 0.86	CVGW
AVO	+ 0.68	USFD
PFGC	+ 0.64	IVFH
USFD	+ 0.55	CHEF
PFGC	+ 0.54	HFFG

High negative correlations

DIT	- 0.75	IVFH
USFD	- 0.66	DIT
PFGC	- 0.66	DIT
ANDE	- 0.6	IVFH
AVO	- 0.28	DIT
DIT	- 0.24	HFFG

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
HFFG	2.82	(0.09)	0.03	0.09	3.41	(3.34)	6.34	(5.23)	23.09
IVFH	2.93	0.38	0.05	(0.56)	3.15	(4.04)	6.41	(7.14)	22.85
CVGW	1.51	0.17	0.08	0.39	1.25	(1.89)	4.84	(2.39)	14.87
CHEF	1.47	0.05	0.03	0.17	1.65	(1.53)	3.32	(2.71)	8.59
DIT	2.41	(0.24)	0.00	(0.11)	0.00	0.00	7.69	(5.43)	20.23
PFGC	0.93	0.10	0.13	0.20	0.76	(1.10)	2.42	(1.54)	9.40
USFD	0.89	0.15	0.12	0.29	0.91	(1.02)	2.20	(1.58)	6.32
ANDE	1.44	(0.22)	(0.06)	0.00	1.84	(1.45)	2.61	(2.78)	15.56
AVO	1.52	0.28	0.21	0.41	0.97	(1.96)	2.43	(2.01)	24.92

Albertsons Companies Corporate Management

Mary West	Independent Director	Profile
Vivek Sankaran	CEO Director	Profile
Geoff White	Executive Vice President Chief Merchandising Officer	Profile
Robert Miller	Chairman of the Board	Profile
Hersch Klaff	Director	Profile
Sharon Allen	Independent Director	Profile

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