Natural Grocers Correlations

NGVC Stock

USD 26.87 0.65 2.48%

The current 90-days correlation between Natural Grocers by and Seneca Foods Corp is 0.1 (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

Excellent diversification

The correlation between Natural Grocers by and DJI is -0.55 (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 private.

Moving together with Natural Stock

0.82	NTNX	Nutanix	Pair Corr
0.69	744448CX7	XEL 45 01	Pair Corr

Moving against Natural Stock

0.79	WMT	Walmart Common Stock	Pair Corr
0.72	EGP	EastGroup Properties	Pair Corr
0.72	BKKLY	Bangkok Bank PCL	Pair Corr
0.69	TSGZF	Tristar Gold	Pair Corr
0.62	MARUF	Marubeni Earnings Call Next Week	Pair Corr
0.6	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.57	TGT	Target	Pair Corr
0.55	FELE	Franklin Electric	Pair Corr
0.55	SEBC	Southeastern Banking Corp	Pair Corr
0.36	MSB	Mesabi Trust	Pair Corr
0.85	SFST	Southern First Bancshares	Pair Corr
0.81	CNOB	ConnectOne Bancorp Earnings Call This Week	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.66	SBSW	Sibanye Gold	Pair Corr
0.63	YASKY	Yaskawa Electric Corp	Pair Corr
0.6	FTCI	FTC Solar	Pair Corr
0.56	DCI	Donaldson	Pair Corr
0.52	COCSF	Coca Cola FEMSA	Pair Corr
0.42	AEM	Agnico Eagle Mines	Pair Corr
0.41	MGPUF	MG Plc	Pair Corr
0.4	CIMDF	CIMB Group Holdings	Pair Corr

Related Correlations Analysis

	SENEA	JBSS	DNUT	AVO	HLF	KLC	VLGEA	EPC	DDL
SENEA		0.05	-0.24	0.14	0.17	-0.7	0.06	-0.05	-0.14	SENEA
JBSS	0.05		0.47	0.06	0.35	-0.32	0.67	-0.38	0.17	JBSS
DNUT	-0.24	0.47		-0.01	0.06	-0.09	0.49	-0.68	0.08	DNUT
AVO	0.14	0.06	-0.01		0.55	-0.02	0.49	0.59	0.33	AVO
HLF	0.17	0.35	0.06	0.55		-0.42	0.71	0.23	0.79	HLF
KLC	-0.7	-0.32	-0.09	-0.02	-0.42		-0.43	0.43	-0.18	KLC
VLGEA	0.06	0.67	0.49	0.49	0.71	-0.43		-0.25	0.49	VLGEA
EPC	-0.05	-0.38	-0.68	0.59	0.23	0.43	-0.25		0.23	EPC
DDL	-0.14	0.17	0.08	0.33	0.79	-0.18	0.49	0.23		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

DDL	+ 0.79	HLF
VLGEA	+ 0.71	HLF
VLGEA	+ 0.67	JBSS
EPC	+ 0.59	AVO
HLF	+ 0.55	AVO
VLGEA	+ 0.49	DNUT

High negative correlations

KLC	- 0.7	SENEA
EPC	- 0.68	DNUT
VLGEA	- 0.43	KLC
KLC	- 0.42	HLF
EPC	- 0.38	JBSS
KLC	- 0.32	JBSS

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	1.54	(0.07)	0.00	(0.50)	0.00	0.00	2.47	(3.34)	12.80
JBSS	1.36	0.33	0.12	(3.23)	1.56	(1.50)	2.44	(2.19)	23.73
DNUT	2.90	(0.24)	0.00	(0.09)	0.00	0.00	6.39	(4.89)	20.08
AVO	1.26	0.28	0.07	0.70	2.55	(1.21)	2.46	(3.13)	12.39
HLF	3.04	1.21	0.47	0.84	1.85	(3.89)	9.22	(4.28)	30.37
KLC	3.16	(0.50)	0.00	(0.14)	0.00	0.00	5.00	(6.18)	24.00
VLGEA	1.12	0.15	0.08	0.44	1.10	(1.21)	2.82	(1.88)	7.68
EPC	1.64	(0.10)	0.00	(0.05)	0.00	0.00	3.32	(3.04)	8.34
DDL	3.71	0.78	0.21	1.70	3.00	(5.15)	8.38	(6.16)	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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