Natural Grocers Correlations

NGVC Stock

USD 24.70 0.35 1.40%

The current 90-days correlation between Natural Grocers by and Seneca Foods Corp is 0.17 (i.e., Average diversification). The correlation of Natural Grocers 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.

Natural Grocers Correlation With Market

Weak diversification

The correlation between Natural Grocers by and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natural Grocers by and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Natural Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natural Grocers by. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with Natural Stock

0.92	PFGC	Performance Food	Pair Corr
0.74	COST	Costco Wholesale Corp	Pair Corr
0.8	UNFI	United Natural Foods	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.76	MSFT	Microsoft	Pair Corr
0.61	HD	Home Depot	Pair Corr

Moving against Natural Stock

0.84	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.68	DGWPF	Drgerwerk AG	Pair Corr
0.67	LNDNF	Lundin Energy AB	Pair Corr
0.66	TBBB	BBB Foods	Pair Corr
0.55	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.36	TGT	Target	Pair Corr
0.32	CASY	Caseys General Stores	Pair Corr
0.8	FTV	Fortive Corp	Pair Corr
0.76	CASXF	Casa Minerals	Pair Corr
0.75	MRK	Merck Company	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr
0.64	BAC	Bank of America	Pair Corr
0.63	DB	Deutsche Bank AG	Pair Corr
0.63	PFE	Pfizer Inc	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr
0.58	AA	Alcoa Corp	Pair Corr
0.55	AXP	American Express	Pair Corr
0.47	VZ	Verizon Communications	Pair Corr
0.41	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	SENEA	JBSS	DNUT	AVO	HLF	KLC	VLGEA	EPC	DDL
SENEA		-0.07	-0.18	-0.06	-0.01	-0.39	-0.07	-0.14	-0.37	SENEA
JBSS	-0.07		0.73	0.53	0.89	-0.75	0.83	-0.82	0.34	JBSS
DNUT	-0.18	0.73		0.6	0.68	-0.44	0.75	-0.56	0.46	DNUT
AVO	-0.06	0.53	0.6		0.46	-0.25	0.58	-0.23	0.16	AVO
HLF	-0.01	0.89	0.68	0.46		-0.67	0.85	-0.74	0.47	HLF
KLC	-0.39	-0.75	-0.44	-0.25	-0.67		-0.48	0.92	0.02	KLC
VLGEA	-0.07	0.83	0.75	0.58	0.85	-0.48		-0.55	0.64	VLGEA
EPC	-0.14	-0.82	-0.56	-0.23	-0.74	0.92	-0.55		-0.09	EPC
DDL	-0.37	0.34	0.46	0.16	0.47	0.02	0.64	-0.09		DDL
	SENEA	JBSS	DNUT	AVO	HLF	KLC	VLGEA	EPC	DDL

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

EPC	+ 0.92	KLC
HLF	+ 0.89	JBSS
VLGEA	+ 0.85	HLF
VLGEA	+ 0.83	JBSS
VLGEA	+ 0.75	DNUT
DNUT	+ 0.73	JBSS

High negative correlations

EPC	- 0.82	JBSS
KLC	- 0.75	JBSS
EPC	- 0.74	HLF
KLC	- 0.67	HLF
EPC	- 0.56	DNUT
EPC	- 0.55	VLGEA

Risk-Adjusted Indicators

There is a big difference between Natural Stock performing well and Natural Grocers 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 Natural Grocers' 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
SENEA	1.63	(0.04)	0.00	(0.59)	0.00	0.00	2.75	(3.34)	12.80
JBSS	1.33	0.17	0.06	(1.49)	1.65	(1.53)	2.36	(2.19)	23.73
DNUT	3.37	0.17	0.05	0.16	3.67	(3.64)	7.71	(5.74)	21.37
AVO	1.18	(0.04)	0.00	(0.03)	0.00	0.00	2.26	(3.13)	12.39
HLF	2.78	0.64	0.26	0.55	2.12	(3.54)	7.40	(4.57)	30.37
KLC	2.98	(0.76)	0.00	(0.27)	0.00	0.00	5.00	(6.84)	24.00
VLGEA	1.51	(0.07)	0.00	(0.14)	0.00	0.00	3.17	(2.10)	11.92
EPC	1.54	(0.33)	0.00	(0.23)	0.00	0.00	3.21	(3.04)	8.34
DDL	3.31	0.48	0.14	0.57	2.87	(4.65)	8.38	(6.12)	31.13

Natural Grocers Corporate Management

David Rooney	Independent Director	Profile
Jessica Thiessen	Assistant Treasurer	Profile
Richard Hall	Chief Officer	Profile
John Esq	VP Counsel	Profile

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