Dollar General Correlations

DG Stock

USD 146.18 3.07 2.06%

The current 90-days correlation between Dollar General and Dollar Tree is 0.6 (i.e., Poor diversification). The correlation of Dollar General 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.

Dollar General Correlation With Market

Almost no diversification

The correlation between Dollar General and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dollar General and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dollar Stock

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

For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar General guide.

Moving together with Dollar Stock

0.92	TGT	Target	Pair Corr
0.9	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.8	OGO	Organto Foods	Pair Corr
0.84	PSMT	PriceSmart	Pair Corr
0.77	TBBB	BBB Foods	Pair Corr
0.7	GNTX	Gentex	Pair Corr
0.82	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.76	WF	Woori Financial Group Earnings Call Tomorrow	Pair Corr
0.74	SECVY	Seche Environnement	Pair Corr
0.65	RILYL	B Riley Financial	Pair Corr
0.87	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.96	FIBK	First Interstate Ban	Pair Corr
0.93	BNKHF	BOC Hong Kong	Pair Corr

Moving against Dollar Stock

0.75	VFSWW	VinFast Auto	Pair Corr
0.34	HKU	H2O Retailing	Pair Corr
0.33	HFFG	Hf Foods Group	Pair Corr

Related Correlations Analysis

	DLTR	STZ	CHD	BJ	TSN	BG	GIS	MKC	FMX
DLTR		0.71	0.3	0.42	0.63	0.27	-0.46	0.32	0.71	DLTR
STZ	0.71		0.77	0.53	0.88	0.8	-0.39	-0.18	0.92	STZ
CHD	0.3	0.77		0.54	0.73	0.9	-0.1	-0.31	0.68	CHD
BJ	0.42	0.53	0.54		0.49	0.47	0.15	0.03	0.55	BJ
TSN	0.63	0.88	0.73	0.49		0.71	-0.19	-0.09	0.9	TSN
BG	0.27	0.8	0.9	0.47	0.71		-0.26	-0.44	0.66	BG
GIS	-0.46	-0.39	-0.1	0.15	-0.19	-0.26		0.27	-0.35	GIS
MKC	0.32	-0.18	-0.31	0.03	-0.09	-0.44	0.27		-0.17	MKC
FMX	0.71	0.92	0.68	0.55	0.9	0.66	-0.35	-0.17		FMX
	DLTR	STZ	CHD	BJ	TSN	BG	GIS	MKC	FMX

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

FMX	+ 0.92	STZ
BG	+ 0.9	CHD
FMX	+ 0.9	TSN
TSN	+ 0.88	STZ
BG	+ 0.8	STZ
CHD	+ 0.77	STZ

High negative correlations

GIS	- 0.46	DLTR
MKC	- 0.44	BG
GIS	- 0.39	STZ
FMX	- 0.35	GIS
MKC	- 0.31	CHD
GIS	- 0.26	BG

Risk-Adjusted Indicators

There is a big difference between Dollar Stock performing well and Dollar General 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 Dollar General'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
DLTR	1.88	0.25	0.13	0.22	1.80	(2.08)	4.05	(2.85)	10.30
STZ	1.47	0.31	0.22	0.71	1.08	(1.90)	3.59	(2.08)	7.49
CHD	1.10	0.31	0.21	1.32	0.94	(1.25)	2.36	(1.68)	10.66
BJ	1.52	0.12	0.05	0.24	1.72	(1.60)	2.98	(2.54)	7.84
TSN	1.22	0.35	0.23	1.15	1.00	(1.40)	3.17	(1.75)	8.77
BG	1.16	0.30	0.26	0.71	0.77	(1.48)	3.20	(1.84)	6.42
GIS	1.11	0.08	0.01	(0.29)	1.28	(1.23)	3.05	(2.43)	6.34
MKC	1.26	0.08	0.01	(0.51)	1.89	(1.24)	2.69	(2.38)	10.75
FMX	1.11	0.18	0.11	0.70	1.05	(1.19)	2.70	(1.88)	7.81

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