Kroger Correlations

K1RC34 Stock

BRL 363.24 1.44 0.40%

The current 90-days correlation between The Kroger and Gen Digital is -0.02 (i.e., Good diversification). The correlation of Kroger 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.

Kroger Correlation With Market

Good diversification

The correlation between The Kroger Co and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Kroger Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kroger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kroger when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kroger - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Kroger Co to buy it.

Moving together with Kroger Stock

0.83	TMCO34	Toyota Motor	Pair Corr
0.79	SNEC34	Sony Group	Pair Corr
0.72	S1MF34	Sumitomo Mitsui Financial	Pair Corr
0.69	M1UF34	Mitsubishi UFJ Financial	Pair Corr
0.69	BMKS3	Bicicletas Monark	Pair Corr

Moving against Kroger Stock

0.8

ASAI3

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Pair Corr

Related Correlations Analysis

	K1RC34	ASAI3	BTLG11	PLPL3	S1YM34	C1AB34	I2NV34	B1TI34	BUSR39	BIYE39
K1RC34		-0.8	-0.57	-0.87	0.6	0.4	0.13	0.74	0.35	0.17	K1RC34
ASAI3	-0.8		0.62	0.94	-0.46	-0.35	0.07	-0.75	-0.26	-0.22	ASAI3
BTLG11	-0.57	0.62		0.56	-0.53	-0.6	-0.02	-0.66	-0.6	-0.33	BTLG11
PLPL3	-0.87	0.94	0.56		-0.6	-0.45	0.0	-0.84	-0.29	-0.31	PLPL3
S1YM34	0.6	-0.46	-0.53	-0.6		0.87	0.21	0.8	0.6	0.75	S1YM34
C1AB34	0.4	-0.35	-0.6	-0.45	0.87		0.23	0.73	0.79	0.86	C1AB34
I2NV34	0.13	0.07	-0.02	0.0	0.21	0.23		0.1	0.17	0.16	I2NV34
B1TI34	0.74	-0.75	-0.66	-0.84	0.8	0.73	0.1		0.64	0.65	B1TI34
BUSR39	0.35	-0.26	-0.6	-0.29	0.6	0.79	0.17	0.64		0.71	BUSR39
BIYE39	0.17	-0.22	-0.33	-0.31	0.75	0.86	0.16	0.65	0.71		BIYE39
	K1RC34	ASAI3	BTLG11	PLPL3	S1YM34	C1AB34	I2NV34	B1TI34	BUSR39	BIYE39

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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

PLPL3	+ 0.94	ASAI3
C1AB34	+ 0.87	S1YM34
BIYE39	+ 0.86	C1AB34
B1TI34	+ 0.8	S1YM34
BUSR39	+ 0.79	C1AB34
BIYE39	+ 0.75	S1YM34

High negative correlations

PLPL3	- 0.87	K1RC34
B1TI34	- 0.84	PLPL3
ASAI3	- 0.8	K1RC34
B1TI34	- 0.75	ASAI3
B1TI34	- 0.66	BTLG11
S1YM34	- 0.6	PLPL3

Risk-Adjusted Indicators

There is a big difference between Kroger Stock performing well and Kroger 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 Kroger'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
K1RC34	0.92	0.31	0.16	(9.43)	0.43	(2.85)	2.82	(1.74)	19.70
ASAI3	2.76	(0.19)	0.00	(0.45)	0.00	0.00	5.94	(6.29)	14.86
BTLG11	0.89	(0.06)	0.00	(0.34)	0.00	0.00	1.24	(2.15)	8.00
PLPL3	1.97	(0.54)	0.00	(1.84)	0.00	0.00	2.82	(4.27)	12.16
S1YM34	0.92	0.48	0.00	0.85	0.00	0.00	0.52	0.00	28.38
C1AB34	1.27	0.21	0.06	4.15	1.87	(1.71)	3.85	(4.48)	13.73
I2NV34	0.16	(0.01)	0.00	(0.11)	0.00	0.00	0.54	(0.43)	5.18
B1TI34	1.02	0.42	0.38	7.04	0.66	(1.26)	3.06	(1.43)	6.42
BUSR39	1.13	0.10	0.06	3.10	1.61	(1.17)	2.82	(2.50)	8.84
BIYE39	0.90	0.12	0.11	0.45	0.87	(1.10)	2.59	(1.72)	6.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kroger without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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