Dollar General Correlations

DG Stock

USD 108.44 1.25 1.14%

The current 90-days correlation between Dollar General and Dollar Tree is 0.47 (i.e., Very 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

Significant diversification

The correlation between Dollar General and DJI is 0.08 (i.e., Significant 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.

Build AI portfolio with Dollar Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar General. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

Moving against Dollar Stock

0.4	LW	Lamb Weston Holdings	Pair Corr
0.34	UG	United Guardian	Pair Corr
0.41	XAGE	Longevity Health Hol Symbol Change	Pair Corr
0.39	CENTA	Central Garden Pet	Pair Corr
0.36	CLX	Clorox	Pair Corr
0.32	DDC	DDC Enterprise	Pair Corr

Related Correlations Analysis

	DLTR	BJ	WMT	TGT	TJX	ROST	AZO	ULTA
DLTR		-0.51	0.32	0.66	0.38	0.4	0.6	0.77	DLTR
BJ	-0.51		0.02	-0.07	-0.67	-0.61	-0.74	-0.75	BJ
WMT	0.32	0.02		0.22	0.54	0.61	0.55	0.42	WMT
TGT	0.66	-0.07	0.22		-0.11	-0.01	0.09	0.28	TGT
TJX	0.38	-0.67	0.54	-0.11		0.91	0.94	0.75	TJX
ROST	0.4	-0.61	0.61	-0.01	0.91		0.88	0.75	ROST
AZO	0.6	-0.74	0.55	0.09	0.94	0.88		0.86	AZO
ULTA	0.77	-0.75	0.42	0.28	0.75	0.75	0.86		ULTA
	DLTR	BJ	WMT	TGT	TJX	ROST	AZO	ULTA

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

AZO	+ 0.94	TJX
ROST	+ 0.91	TJX
AZO	+ 0.88	ROST
ULTA	+ 0.86	AZO
ULTA	+ 0.77	DLTR
ULTA	+ 0.75	TJX

High negative correlations

ULTA	- 0.75	BJ
AZO	- 0.74	BJ
TJX	- 0.67	BJ
ROST	- 0.61	BJ
BJ	- 0.51	DLTR
TJX	- 0.11	TGT

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
DLTR	1.50	0.12	0.02	0.47	2.26	(1.58)	3.46	(2.24)	17.45
BJ	1.23	(0.13)	0.00	0.28	0.00	0.00	1.98	(2.58)	12.54
WMT	0.81	0.01	(0.07)	0.27	1.20	(0.87)	1.50	(2.01)	8.57
TGT	1.57	(0.17)	(0.04)	0.01	2.04	(1.55)	3.51	(2.64)	11.61
TJX	0.72	0.10	0.05	0.34	0.54	(0.91)	2.27	(1.19)	3.47
ROST	1.04	0.02	0.00	0.13	1.02	(1.23)	2.78	(1.93)	5.55
AZO	1.00	0.16	0.06	0.76	0.98	(1.12)	2.40	(1.94)	5.04
ULTA	1.15	0.19	0.05	48.99	1.47	(1.21)	2.78	(1.58)	10.62

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC