Metro Correlations

MTRAF Stock

USD 64.91 0.72 1.12%

The current 90-days correlation between Metro Inc and Sprouts Farmers Market is -0.05 (i.e., Good diversification). The correlation of Metro 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.

Metro Correlation With Market

Significant diversification

The correlation between Metro Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metro Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Metro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Metro 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 Metro - 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 Metro Inc to buy it.

Moving against Metro Pink Sheet

0.35	NVDA	NVIDIA	Pair Corr
0.35	META	Meta Platforms Aggressive Push	Pair Corr

Related Correlations Analysis

	NGVC	SFM	ACI	KR	GO	IMKTA	DNUT	WMK
NGVC		0.79	0.59	0.76	0.74	0.45	-0.11	0.73	NGVC
SFM	0.79		0.47	0.9	0.47	0.05	-0.13	0.57	SFM
ACI	0.59	0.47		0.41	0.75	0.54	-0.1	0.61	ACI
KR	0.76	0.9	0.41		0.46	0.06	-0.11	0.59	KR
GO	0.74	0.47	0.75	0.46		0.53	-0.32	0.66	GO
IMKTA	0.45	0.05	0.54	0.06	0.53		0.15	0.73	IMKTA
DNUT	-0.11	-0.13	-0.1	-0.11	-0.32	0.15		0.07	DNUT
WMK	0.73	0.57	0.61	0.59	0.66	0.73	0.07		WMK
	NGVC	SFM	ACI	KR	GO	IMKTA	DNUT	WMK

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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

KR	+ 0.9	SFM
SFM	+ 0.79	NGVC
KR	+ 0.76	NGVC
GO	+ 0.75	ACI
GO	+ 0.74	NGVC
WMK	+ 0.73	NGVC

High negative correlations

DNUT	- 0.32	GO
DNUT	- 0.13	SFM
DNUT	- 0.11	KR
DNUT	- 0.11	NGVC
DNUT	- 0.1	ACI

Risk-Adjusted Indicators

There is a big difference between Metro Pink Sheet performing well and Metro 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 Metro'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
NGVC	2.39	0.73	0.31	0.48	1.98	(2.81)	6.30	(3.21)	26.67
SFM	1.27	0.56	0.38	1.03	0.70	(1.58)	3.51	(1.84)	10.56
ACI	1.03	(0.08)	0.00	(0.05)	0.00	0.00	2.60	(2.15)	5.26
KR	1.03	0.13	0.08	0.31	0.85	(1.14)	1.98	(1.95)	9.24
GO	2.64	(0.09)	0.02	0.09	3.75	(2.92)	5.45	(5.23)	21.42
IMKTA	1.37	(0.15)	(0.05)	0.02	2.12	(1.45)	3.11	(4.43)	9.45
DNUT	1.67	(0.03)	(0.04)	0.07	2.15	(1.58)	3.30	(3.41)	9.13
WMK	1.33	(0.05)	0.01	0.10	1.42	(1.48)	2.92	(2.66)	12.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in Metro 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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