Weis Markets Correlations

WMK Stock

USD 71.15 1.13 1.61%

The current 90-days correlation between Weis Markets and Ingles Markets Incorporated is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Weis Markets moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Weis Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Weis Markets Correlation With Market

Very weak diversification

The correlation between Weis Markets and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Weis Markets and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weis Markets. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Weis Stock please use our How to buy in Weis Stock guide.

Moving together with Weis Stock

0.7	KGC	Kinross Gold	Pair Corr
0.62	KO	Coca Cola Aggressive Push	Pair Corr
0.63	MCD	McDonalds Sell-off Trend	Pair Corr
0.68	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Moving against Weis Stock

0.6	MSFT	Microsoft	Pair Corr
0.57	HPQ	HP Inc	Pair Corr
0.48	T	ATT Inc Earnings Call This Week	Pair Corr
0.34	ATMV	ATMV Old Symbol Change	Pair Corr
0.31	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Related Correlations Analysis

	IMKTA	ANDE	GO	JJSF	UTI	TR	NOMD	STRA	FDP	CENT
IMKTA		-0.19	0.11	-0.19	-0.37	0.61	0.13	-0.39	0.09	0.27	IMKTA
ANDE	-0.19		-0.76	0.72	-0.2	0.06	0.43	0.74	0.71	0.34	ANDE
GO	0.11	-0.76		-0.57	0.53	-0.25	-0.63	-0.5	-0.5	-0.28	GO
JJSF	-0.19	0.72	-0.57		-0.31	-0.1	0.36	0.67	0.37	0.55	JJSF
UTI	-0.37	-0.2	0.53	-0.31		-0.3	-0.47	0.23	-0.24	-0.51	UTI
TR	0.61	0.06	-0.25	-0.1	-0.3		0.36	-0.19	0.24	0.08	TR
NOMD	0.13	0.43	-0.63	0.36	-0.47	0.36		0.26	0.49	0.49	NOMD
STRA	-0.39	0.74	-0.5	0.67	0.23	-0.19	0.26		0.37	0.28	STRA
FDP	0.09	0.71	-0.5	0.37	-0.24	0.24	0.49	0.37		0.36	FDP
CENT	0.27	0.34	-0.28	0.55	-0.51	0.08	0.49	0.28	0.36		CENT
	IMKTA	ANDE	GO	JJSF	UTI	TR	NOMD	STRA	FDP	CENT

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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

STRA	+ 0.74	ANDE
JJSF	+ 0.72	ANDE
FDP	+ 0.71	ANDE
STRA	+ 0.67	JJSF
TR	+ 0.61	IMKTA
CENT	+ 0.55	JJSF

High negative correlations

GO	- 0.76	ANDE
NOMD	- 0.63	GO
JJSF	- 0.57	GO
CENT	- 0.51	UTI
FDP	- 0.5	GO
STRA	- 0.5	GO

Risk-Adjusted Indicators

There is a big difference between Weis Stock performing well and Weis Markets 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 Weis Markets' 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
IMKTA	1.17	0.00	(0.02)	0.05	1.41	(1.28)	2.21	(2.41)	7.85
ANDE	1.43	0.41	0.25	1.23	1.16	(1.62)	4.37	(2.24)	7.65
GO	1.97	(0.72)	0.00	(1.19)	0.00	0.00	3.12	(5.22)	12.67
JJSF	1.17	0.08	0.01	(0.25)	1.47	(1.14)	2.79	(2.71)	9.39
UTI	2.37	(0.34)	0.00	(0.13)	0.00	0.00	4.73	(4.31)	25.18
TR	1.05	(0.02)	0.00	(0.06)	0.00	0.00	2.76	(2.16)	8.05
NOMD	1.01	0.12	0.05	(0.55)	1.11	(1.13)	2.58	(2.18)	8.79
STRA	1.32	(0.02)	(0.01)	0.03	2.21	(1.25)	2.32	(4.08)	12.29
FDP	1.20	0.19	0.09	0.64	1.45	(1.28)	2.19	(2.57)	8.48
CENT	1.20	0.01	0.01	0.06	1.46	(1.23)	3.16	(2.66)	11.94

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