Dollar General Correlations

DG Stock

USD 156.26 0.00 0.00%

The current 90-days correlation between Dollar General and Dollar Tree is 0.51 (i.e., Very weak 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

Very poor diversification

The correlation between Dollar General and DJI is 0.89 (i.e., Very poor 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 census.

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

0.67	BJ	BJs Wholesale Club Earnings Call This Week	Pair Corr
0.62	YI	111 Inc	Pair Corr
0.77	DLTR	Dollar Tree	Pair Corr
0.79	WRG	ORSERO SPA	Pair Corr
0.65	WILC	G Willi Food	Pair Corr
0.66	AVO	Mission Produce Earnings Call This Week	Pair Corr
0.9	DDL	Dingdong Limited ADR	Pair Corr
0.9	TGT	Target Earnings Call Tomorrow	Pair Corr
0.67	0OC1	OCADO GROUP SPADR	Pair Corr
0.7	0OC	Ocado Group plc	Pair Corr
0.75	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.86	TZ7	Toho Co Split	Pair Corr
0.62	GRDN	Guardian Pharmacy	Pair Corr
0.68	ALECO	Ecomiam SA	Pair Corr

Moving against Dollar Stock

0.77	DTCK	Davis Commodities	Pair Corr
0.71	GO	Grocery Outlet Holding Earnings Call This Week	Pair Corr
0.69	3GX	HF FOODS GRP	Pair Corr
0.69	MSS	Maison Solutions	Pair Corr
0.45	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.4	HITI	High Tide	Pair Corr
0.39	MRU	Metro Inc	Pair Corr
0.36	62M	Metro Inc	Pair Corr
0.82	HCWC	Healthy Choice Wellness	Pair Corr
0.67	SFM	Sprouts Farmers Market	Pair Corr
0.66	HFFG	Hf Foods Group	Pair Corr
0.64	2GCB	GRUPO COMCHEDRAUI	Pair Corr
0.54	COL	Coles Group	Pair Corr
0.32	HITI	High Tide	Pair Corr

Related Correlations Analysis

	DLTR	STZ	CHD	BJ	TSN	BG	GIS	MKC	FMX
DLTR		0.44	0.26	0.36	0.22	0.24	-0.35	0.31	0.39	DLTR
STZ	0.44		0.8	0.69	0.85	0.86	0.04	0.02	0.81	STZ
CHD	0.26	0.8		0.82	0.86	0.95	0.18	0.31	0.9	CHD
BJ	0.36	0.69	0.82		0.71	0.75	0.39	0.41	0.83	BJ
TSN	0.22	0.85	0.86	0.71		0.88	0.21	0.06	0.85	TSN
BG	0.24	0.86	0.95	0.75	0.88		0.07	0.14	0.88	BG
GIS	-0.35	0.04	0.18	0.39	0.21	0.07		0.37	0.1	GIS
MKC	0.31	0.02	0.31	0.41	0.06	0.14	0.37		0.24	MKC
FMX	0.39	0.81	0.9	0.83	0.85	0.88	0.1	0.24		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

BG	+ 0.95	CHD
FMX	+ 0.9	CHD
BG	+ 0.88	TSN
FMX	+ 0.88	BG
BG	+ 0.86	STZ
TSN	+ 0.86	CHD

High negative correlations

GIS

- 0.35

DLTR

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	1.90	0.24	0.13	0.27	1.83	(2.17)	4.05	(3.05)	10.30
STZ	1.62	0.26	0.10	1.85	1.84	(1.90)	3.77	(2.20)	13.36
CHD	1.05	0.34	0.21	(13.39)	0.90	(1.17)	2.37	(1.67)	6.75
BJ	1.58	0.12	0.02	1.30	1.83	(1.71)	2.98	(2.96)	7.84
TSN	1.19	0.31	0.19	2.90	0.96	(1.31)	3.16	(1.64)	8.77
BG	1.20	0.34	0.27	0.85	0.71	(1.47)	3.19	(1.84)	8.12
GIS	1.22	(0.05)	0.00	0.25	0.00	0.00	3.05	(2.51)	11.29
MKC	1.34	0.11	0.00	(0.20)	2.02	(1.28)	2.69	(2.42)	10.75
FMX	1.02	0.26	0.16	0.87	0.99	(1.08)	2.37	(1.86)	7.81

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