Natural Grocers Correlations

NGVC Stock

USD 26.22 0.62 2.31%

The current 90-days correlation between Natural Grocers by and Seneca Foods Corp is 0.36 (i.e., Weak 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

Excellent diversification

The correlation between Natural Grocers by and DJI is -0.58 (i.e., Excellent 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 manufacturing.

Moving together with Natural Stock

0.75	DTCK	Davis Commodities	Pair Corr
0.66	COL	Coles Group	Pair Corr
0.65	HCWC	Healthy Choice Wellness	Pair Corr

Moving against Natural Stock

0.79	WILC	G Willi Food	Pair Corr
0.77	DLTR	Dollar Tree	Pair Corr
0.72	DG	Dollar General	Pair Corr
0.63	DDL	Dingdong Limited ADR Earnings Call Today	Pair Corr
0.41	WRG	ORSERO SPA	Pair Corr
0.7	DFA1	Dairy Farm International	Pair Corr
0.61	TZ7	Toho Co Split	Pair Corr
0.55	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.49	TGT	Target	Pair Corr
0.44	L8G	Loblaw Companies	Pair Corr
0.42	OGO	Organto Foods	Pair Corr
0.4	0OC1	OCADO GROUP SPADR	Pair Corr
0.39	0OC	Ocado Group plc	Pair Corr
0.34	GRDN	Guardian Pharmacy	Pair Corr
0.31	ALECO	Ecomiam SA	Pair Corr

Related Correlations Analysis

	SENEA	JBSS	DNUT	AVO	HLF	KLC	VLGEA	EPC	DDL
SENEA		0.13	-0.62	0.28	-0.04	-0.24	0.0	0.48	-0.24	SENEA
JBSS	0.13		-0.54	0.77	0.84	0.45	0.85	0.68	0.61	JBSS
DNUT	-0.62	-0.54		-0.63	-0.52	-0.12	-0.27	-0.79	-0.39	DNUT
AVO	0.28	0.77	-0.63		0.66	0.58	0.64	0.88	0.49	AVO
HLF	-0.04	0.84	-0.52	0.66		0.38	0.6	0.63	0.81	HLF
KLC	-0.24	0.45	-0.12	0.58	0.38		0.44	0.46	0.41	KLC
VLGEA	0.0	0.85	-0.27	0.64	0.6	0.44		0.53	0.5	VLGEA
EPC	0.48	0.68	-0.79	0.88	0.63	0.46	0.53		0.53	EPC
DDL	-0.24	0.61	-0.39	0.49	0.81	0.41	0.5	0.53		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	+ 0.88	AVO
VLGEA	+ 0.85	JBSS
HLF	+ 0.84	JBSS
DDL	+ 0.81	HLF
AVO	+ 0.77	JBSS
EPC	+ 0.68	JBSS

High negative correlations

EPC	- 0.79	DNUT
AVO	- 0.63	DNUT
DNUT	- 0.62	SENEA
DNUT	- 0.54	JBSS
HLF	- 0.52	DNUT
DDL	- 0.39	DNUT

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	1.31	0.18	0.06	(1.04)	1.84	(1.31)	2.58	(2.80)	9.07
JBSS	0.98	0.28	0.19	(44.02)	0.74	(1.09)	2.26	(1.33)	8.71
DNUT	2.52	(0.60)	0.00	(0.40)	0.00	0.00	5.98	(5.74)	20.08
AVO	1.27	0.19	0.05	0.55	2.48	(1.21)	2.59	(3.13)	12.39
HLF	2.73	0.83	0.33	0.55	2.06	(3.37)	7.40	(4.28)	30.37
KLC	3.18	(0.34)	0.00	(0.08)	0.00	0.00	5.25	(6.18)	19.20
VLGEA	1.35	0.29	0.16	1.36	1.18	(1.52)	3.27	(2.36)	7.68
EPC	1.83	0.21	0.09	0.36	2.02	(1.94)	3.44	(3.04)	10.17
DDL	3.77	0.80	0.18	1.31	3.67	(4.96)	8.19	(6.94)	38.06

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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