Dollar General Correlations
DG Stock | USD 76.29 0.66 0.86% |
The current 90-days correlation between Dollar General and BJs Wholesale Club is 0.35 (i.e., Weak diversification). The correlation of Dollar General 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.
Dollar General Correlation With Market
Good diversification
The correlation between Dollar General and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dollar General and DJI in the same portfolio, assuming nothing else is changed.
Dollar |
Moving together with Dollar Stock
0.7 | GO | Grocery Outlet Holding | PairCorr |
0.96 | DLTR | Dollar Tree | PairCorr |
0.63 | DTCK | Davis Commodities | PairCorr |
0.7 | EDBL | Edible Garden AG Earnings Call This Week | PairCorr |
Moving against Dollar Stock
0.79 | WMT | Walmart Earnings Call Next Week | PairCorr |
0.63 | KR | Kroger Company | PairCorr |
0.61 | TR | Tootsie Roll Industries | PairCorr |
0.6 | LW | Lamb Weston Holdings | PairCorr |
0.6 | DOLE | Dole PLC Earnings Call This Week | PairCorr |
0.56 | JZ | Jianzhi Education | PairCorr |
0.55 | PM | Philip Morris Intern | PairCorr |
0.53 | K | Kellanova | PairCorr |
0.53 | DNUT | Krispy Kreme | PairCorr |
0.47 | TBBB | BBB Foods | PairCorr |
0.47 | COST | Costco Wholesale Corp | PairCorr |
0.36 | UG | United Guardian | PairCorr |
0.33 | TGT | Target | PairCorr |
0.79 | WILC | G Willi Food | PairCorr |
0.73 | BRLSW | Borealis Foods Symbol Change | PairCorr |
0.72 | AVO | Mission Produce Fiscal Year End 19th of December 2024 | PairCorr |
0.67 | VINE | Fresh Grapes LLC | PairCorr |
0.63 | WTER | Alkaline Water | PairCorr |
0.46 | VITL | Vital Farms Downward Rally | PairCorr |
Related Correlations Analysis
-0.3 | -0.02 | 0.27 | -0.06 | -0.06 | BJ | ||
-0.3 | -0.47 | -0.86 | 0.77 | -0.31 | BIG | ||
-0.02 | -0.47 | 0.65 | -0.49 | 0.53 | COST | ||
0.27 | -0.86 | 0.65 | -0.82 | 0.59 | WMT | ||
-0.06 | 0.77 | -0.49 | -0.82 | -0.31 | DLTR | ||
-0.06 | -0.31 | 0.53 | 0.59 | -0.31 | TGT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dollar Stock performing well and Dollar General 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 Dollar General's 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BJ | 1.13 | 0.03 | (0.03) | 0.23 | 1.69 | 2.42 | 10.51 | |||
BIG | 8.08 | (3.10) | 0.00 | (1.09) | 0.00 | 21.35 | 103.00 | |||
COST | 0.87 | 0.09 | 0.02 | 0.34 | 0.78 | 1.93 | 4.14 | |||
WMT | 0.78 | 0.31 | 0.18 | 1.45 | 0.62 | 1.61 | 9.01 | |||
DLTR | 2.12 | (0.57) | 0.00 | 5.13 | 0.00 | 3.17 | 27.37 | |||
TGT | 1.27 | 0.12 | 0.02 | 0.46 | 1.28 | 2.19 | 14.98 |