Kroger Correlations

KR Stock

USD 62.06 1.24 1.96%

The current 90-days correlation between Kroger Company and Sendas Distribuidora SA is 0.3 (i.e., Weak diversification). The correlation of Kroger 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Kroger Correlation With Market

Weak diversification

The correlation between Kroger Company and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kroger Company and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kroger Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Kroger Stock

0.8	GO	Grocery Outlet Holding	Pair Corr
0.71	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.65	WNW	Meiwu Technology	Pair Corr
0.69	HFFG	Hf Foods Group	Pair Corr
0.76	K	Kellanova Sell-off Trend	Pair Corr
0.87	BJ	BJs Wholesale Club	Pair Corr
0.63	LW	Lamb Weston Holdings Buyout Trend	Pair Corr
0.81	MO	Altria Group Sell-off Trend	Pair Corr
0.83	EEIQ	Elite Education Group	Pair Corr

Moving against Kroger Stock

0.81	UG	United Guardian	Pair Corr
0.77	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.76	UL	Unilever PLC ADR	Pair Corr
0.68	TGT	Target	Pair Corr
0.68	DG	Dollar General	Pair Corr
0.67	CL	Colgate Palmolive Sell-off Trend	Pair Corr
0.66	BG	Bunge Limited	Pair Corr
0.6	YQ	17 Education Technology	Pair Corr
0.56	EL	Estee Lauder Companies	Pair Corr
0.48	GV	Visionary Education	Pair Corr
0.47	DNUT	Krispy Kreme	Pair Corr
0.33	IH	Ihuman Inc	Pair Corr
0.32	TBBB	BBB Foods	Pair Corr
0.82	AQB	AquaBounty Technologies	Pair Corr
0.78	WVVI	Willamette Valley	Pair Corr
0.76	ADM	Archer Daniels Midland	Pair Corr
0.7	BGS	BG Foods	Pair Corr
0.66	WAFU	Wah Fu Education	Pair Corr
0.65	VSTA	Vasta Platform	Pair Corr
0.63	DOLE	Dole PLC	Pair Corr
0.59	DTCK	Davis Commodities	Pair Corr
0.48	EDBL	Edible Garden AG	Pair Corr
0.43	BRBMF	Big Rock Brewery	Pair Corr

Related Correlations Analysis

	GO	SFM	ASAI	WMK	IMKTA	NGVC	ACI	DDL	VLGEA	ADRNY
GO		0.72	-0.46	0.75	0.55	0.87	0.77	0.5	0.57	0.44	GO
SFM	0.72		-0.7	0.66	0.34	0.85	0.76	0.84	0.33	-0.01	SFM
ASAI	-0.46	-0.7		-0.15	0.23	-0.54	-0.3	-0.71	0.1	0.08	ASAI
WMK	0.75	0.66	-0.15		0.83	0.74	0.77	0.42	0.87	0.43	WMK
IMKTA	0.55	0.34	0.23	0.83		0.58	0.58	0.1	0.75	0.56	IMKTA
NGVC	0.87	0.85	-0.54	0.74	0.58		0.76	0.62	0.48	0.4	NGVC
ACI	0.77	0.76	-0.3	0.77	0.58	0.76		0.53	0.58	0.17	ACI
DDL	0.5	0.84	-0.71	0.42	0.1	0.62	0.53		0.06	-0.14	DDL
VLGEA	0.57	0.33	0.1	0.87	0.75	0.48	0.58	0.06		0.51	VLGEA
ADRNY	0.44	-0.01	0.08	0.43	0.56	0.4	0.17	-0.14	0.51		ADRNY
	GO	SFM	ASAI	WMK	IMKTA	NGVC	ACI	DDL	VLGEA	ADRNY

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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

NGVC	+ 0.87	GO
VLGEA	+ 0.87	WMK
NGVC	+ 0.85	SFM
DDL	+ 0.84	SFM
IMKTA	+ 0.83	WMK
ACI	+ 0.77	GO

High negative correlations

DDL	- 0.71	ASAI
ASAI	- 0.7	SFM
NGVC	- 0.54	ASAI
ASAI	- 0.46	GO
ACI	- 0.3	ASAI
WMK	- 0.15	ASAI

Risk-Adjusted Indicators

There is a big difference between Kroger Stock performing well and Kroger 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 Kroger'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
GO	2.55	0.09	0.05	0.13	3.55	(2.85)	5.45	(4.67)	21.42
SFM	1.30	0.52	0.35	0.92	0.81	(1.57)	3.51	(1.84)	12.59
ASAI	3.11	(0.58)	0.00	1.38	0.00	0.00	4.65	(7.69)	23.54
WMK	1.33	(0.07)	0.00	0.05	1.48	(1.43)	2.92	(2.66)	12.22
IMKTA	1.41	(0.19)	0.00	(0.03)	0.00	0.00	3.11	(4.43)	9.45
NGVC	2.47	0.48	0.22	0.29	2.23	(2.89)	6.28	(3.22)	29.14
ACI	1.00	0.01	(0.04)	0.11	1.05	(1.19)	2.60	(1.93)	5.38
DDL	4.70	0.47	0.11	0.31	5.07	(4.97)	10.89	(7.05)	23.66
VLGEA	1.58	(0.11)	(0.02)	0.03	1.81	(1.70)	2.97	(3.01)	17.87
ADRNY	0.67	0.00	(0.09)	0.11	0.81	(0.72)	1.37	(1.24)	3.37

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