Albertsons Companies Correlations

ACI Stock

USD 19.46 0.20 1.04%

The current 90-days correlation between Albertsons Companies and Kroger Company is 0.51 (i.e., Very weak diversification). The correlation of Albertsons Companies 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.

Albertsons Companies Correlation With Market

Significant diversification

The correlation between Albertsons Companies and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Albertsons Companies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Albertsons Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albertsons Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in goods.

For more detail on how to invest in Albertsons Stock please use our How to Invest in Albertsons Companies guide.

Moving together with Albertsons Stock

0.63	BJ	BJs Wholesale Club	Pair Corr
0.71	YI	111 Inc	Pair Corr
0.67	WBUY	WEBUY GLOBAL LTD Aggressive Push	Pair Corr
0.7	SFM	Sprouts Farmers Market	Pair Corr
0.79	VLGEA	Village Super Market	Pair Corr
0.88	CL	Colgate Palmolive	Pair Corr
0.77	FC	Franklin Covey Potential Growth	Pair Corr

Moving against Albertsons Stock

0.82	PFGC	Performance Food	Pair Corr
0.8	SYY	Sysco	Pair Corr
0.77	WILC	G Willi Food	Pair Corr
0.77	WBA	Walgreens Boots Alliance	Pair Corr
0.76	DLTR	Dollar Tree Earnings Call This Week	Pair Corr
0.71	PSMT	PriceSmart	Pair Corr
0.67	GO	Grocery Outlet Holding	Pair Corr
0.55	AVO	Mission Produce	Pair Corr
0.45	SPTN	SpartanNash	Pair Corr
0.42	HITI	High Tide	Pair Corr
0.39	WMT	Walmart	Pair Corr
0.38	DDL	Dingdong Limited ADR	Pair Corr
0.37	TGT	Target	Pair Corr
0.34	ANDE	Andersons	Pair Corr
0.82	TR	Tootsie Roll Industries	Pair Corr
0.74	MO	Altria Group	Pair Corr
0.72	FARM	Farmer Bros	Pair Corr
0.66	DISTR	Distoken Acquisition	Pair Corr
0.63	VITL	Vital Farms	Pair Corr
0.62	EL	Estee Lauder Companies Sell-off Trend	Pair Corr
0.56	BSLKW	Bolt Projects Holdings,	Pair Corr
0.45	DOLE	Dole PLC	Pair Corr
0.4	UNFI	United Natural Foods	Pair Corr
0.37	BG	Bunge Limited	Pair Corr

Related Correlations Analysis

	KR	GO	SFM	WMK	BTU	CNX	ABG	AFG	AJG
KR		0.17	-0.2	-0.12	0.41	-0.01	-0.01	0.22	-0.41	KR
GO	0.17		-0.76	-0.49	0.71	-0.77	0.05	0.85	-0.48	GO
SFM	-0.2	-0.76		0.65	-0.74	0.77	-0.17	-0.73	0.77	SFM
WMK	-0.12	-0.49	0.65		-0.35	0.61	0.12	-0.35	0.57	WMK
BTU	0.41	0.71	-0.74	-0.35		-0.67	-0.07	0.71	-0.74	BTU
CNX	-0.01	-0.77	0.77	0.61	-0.67		0.22	-0.58	0.6	CNX
ABG	-0.01	0.05	-0.17	0.12	-0.07	0.22		0.36	0.09	ABG
AFG	0.22	0.85	-0.73	-0.35	0.71	-0.58	0.36		-0.5	AFG
AJG	-0.41	-0.48	0.77	0.57	-0.74	0.6	0.09	-0.5		AJG
	KR	GO	SFM	WMK	BTU	CNX	ABG	AFG	AJG

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

AFG	+ 0.85	GO
CNX	+ 0.77	SFM
AJG	+ 0.77	SFM
BTU	+ 0.71	GO
AFG	+ 0.71	BTU
WMK	+ 0.65	SFM

High negative correlations

CNX	- 0.77	GO
SFM	- 0.76	GO
AJG	- 0.74	BTU
BTU	- 0.74	SFM
AFG	- 0.73	SFM
CNX	- 0.67	BTU

Risk-Adjusted Indicators

There is a big difference between Albertsons Stock performing well and Albertsons Companies 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 Albertsons Companies' 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
KR	1.15	0.07	(0.06)	(0.04)	1.43	(1.25)	2.39	(2.39)	14.23
GO	2.44	0.61	0.19	(0.54)	1.80	(3.36)	3.16	(2.92)	44.94
SFM	1.54	(0.26)	0.00	(0.63)	0.00	0.00	3.03	(2.97)	8.54
WMK	1.27	(0.18)	0.00	(0.12)	0.00	0.00	2.62	(2.73)	7.78
BTU	2.54	0.19	0.06	0.33	2.57	(2.98)	5.94	(4.14)	18.68
CNX	1.33	(0.09)	0.00	0.37	0.00	0.00	2.36	(4.42)	8.73
ABG	1.64	0.19	0.03	8.49	2.24	(1.66)	4.03	(3.56)	11.84
AFG	1.00	0.22	0.04	(0.32)	0.97	(1.08)	1.96	(1.51)	4.69
AJG	1.01	(0.25)	0.00	(0.24)	0.00	0.00	1.62	(2.58)	9.02

Albertsons Companies Corporate Management

Mary West	Independent Director	Profile
Vivek Sankaran	CEO Director	Profile
Robert Miller	Chairman of the Board	Profile
Sharon Allen	Independent Director	Profile
Robert Gordon	Executive Vice President General Counsel, Secretary	Profile
Steven Davis	Independent Director	Profile

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