Weis Markets Correlations

WMK Stock

USD 64.11 0.02 0.03%

The current 90-days correlation between Weis Markets and Ingles Markets Incorporated is 0.61 (i.e., Poor 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

Average diversification

The correlation between Weis Markets and DJI is 0.19 (i.e., Average 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.

Build AI portfolio with Weis Stock

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 industry.

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

Moving together with Weis Stock

0.63	WNW	Meiwu Technology	Pair Corr
0.71	HFFG	Hf Foods Group	Pair Corr

Moving against Weis Stock

0.55	DGWPF	Drgerwerk AG	Pair Corr
0.37	TBBB	BBB Foods	Pair Corr
0.35	LNDNF	Lundin Energy AB	Pair Corr
0.33	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.67	CASXF	Casa Minerals	Pair Corr
0.54	AXP	American Express	Pair Corr
0.52	KO	Coca Cola	Pair Corr
0.48	BAC	Bank of America	Pair Corr
0.48	DD	Dupont De Nemours	Pair Corr
0.48	CSCO	Cisco Systems	Pair Corr
0.33	FTV	Fortive Corp	Pair Corr
0.33	GE	GE Aerospace	Pair Corr
0.31	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	IMKTA	ANDE	GO	JJSF	UTI	TR	NOMD	STRA	FDP	CENT
IMKTA		0.15	-0.18	-0.12	-0.36	0.11	-0.11	-0.32	0.15	0.19	IMKTA
ANDE	0.15		-0.9	-0.2	-0.65	-0.67	0.09	-0.18	0.77	0.6	ANDE
GO	-0.18	-0.9		0.28	0.78	0.65	-0.18	0.31	-0.71	-0.55	GO
JJSF	-0.12	-0.2	0.28		0.01	0.45	0.61	0.61	-0.15	0.19	JJSF
UTI	-0.36	-0.65	0.78	0.01		0.4	-0.22	0.43	-0.59	-0.58	UTI
TR	0.11	-0.67	0.65	0.45	0.4		0.32	0.3	-0.54	-0.48	TR
NOMD	-0.11	0.09	-0.18	0.61	-0.22	0.32		0.59	0.21	0.35	NOMD
STRA	-0.32	-0.18	0.31	0.61	0.43	0.3	0.59		-0.06	0.23	STRA
FDP	0.15	0.77	-0.71	-0.15	-0.59	-0.54	0.21	-0.06		0.73	FDP
CENT	0.19	0.6	-0.55	0.19	-0.58	-0.48	0.35	0.23	0.73		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

UTI	+ 0.78	GO
FDP	+ 0.77	ANDE
CENT	+ 0.73	FDP
TR	+ 0.65	GO
NOMD	+ 0.61	JJSF
STRA	+ 0.61	JJSF

High negative correlations

GO	- 0.9	ANDE
FDP	- 0.71	GO
TR	- 0.67	ANDE
UTI	- 0.65	ANDE
FDP	- 0.59	UTI
CENT	- 0.58	UTI

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	1.28	(0.02)	(0.03)	0.02	1.54	(1.38)	2.98	(2.41)	7.84
ANDE	1.43	0.42	0.24	0.75	1.27	(1.57)	4.37	(2.24)	13.44
GO	1.87	(0.71)	0.00	(1.00)	0.00	0.00	2.67	(4.94)	12.67
JJSF	1.19	(0.07)	0.00	0.47	0.00	0.00	2.79	(2.54)	9.28
UTI	2.39	(0.43)	0.00	(0.21)	0.00	0.00	4.73	(4.94)	25.31
TR	1.30	(0.23)	0.00	1.13	0.00	0.00	2.15	(3.33)	8.55
NOMD	1.02	(0.10)	0.00	(1.80)	0.00	0.00	1.75	(2.76)	7.78
STRA	1.28	(0.16)	0.00	(0.16)	0.00	0.00	2.18	(4.08)	9.31
FDP	1.22	0.01	(0.01)	0.08	1.53	(1.27)	2.19	(2.84)	8.48
CENT	1.20	(0.08)	0.00	(0.03)	0.00	0.00	2.28	(2.66)	11.94

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