Natural Grocers Correlations

NGVC Stock

USD 32.43 0.50 1.57%

The current 90-days correlation between Natural Grocers by and Edgewell Personal Care is 0.35 (i.e., Weak diversification). The correlation of Natural Grocers 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.

Natural Grocers Correlation With Market

Weak diversification

The correlation between Natural Grocers by and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natural Grocers by and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Natural Stock

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

Moving against Natural Stock

0.63	DTCK	Davis Commodities Trending	Pair Corr
0.47	EBM	Eastwood Bio Medical	Pair Corr
0.37	002264	New Huadu Supercenter	Pair Corr
0.32	TSCO	Tesco PLC	Pair Corr
0.32	600833	Shanghai No1 Pharmacy	Pair Corr

Related Correlations Analysis

	EPC	SENEA	AVO	HLF	THS	DNUT	IMKTA	UDMY	VLGEA
EPC		-0.1	0.69	0.82	-0.16	-0.24	-0.51	0.31	0.46	EPC
SENEA	-0.1		-0.39	-0.1	0.33	0.19	0.67	0.0	-0.37	SENEA
AVO	0.69	-0.39		0.78	-0.48	-0.43	-0.48	0.51	0.77	AVO
HLF	0.82	-0.1	0.78		-0.27	-0.43	-0.39	0.51	0.6	HLF
THS	-0.16	0.33	-0.48	-0.27		0.47	0.26	-0.14	-0.46	THS
DNUT	-0.24	0.19	-0.43	-0.43	0.47		0.26	-0.13	-0.36	DNUT
IMKTA	-0.51	0.67	-0.48	-0.39	0.26	0.26		-0.31	-0.27	IMKTA
UDMY	0.31	0.0	0.51	0.51	-0.14	-0.13	-0.31		0.56	UDMY
VLGEA	0.46	-0.37	0.77	0.6	-0.46	-0.36	-0.27	0.56		VLGEA
	EPC	SENEA	AVO	HLF	THS	DNUT	IMKTA	UDMY	VLGEA

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

HLF	+ 0.82	EPC
HLF	+ 0.78	AVO
VLGEA	+ 0.77	AVO
AVO	+ 0.69	EPC
IMKTA	+ 0.67	SENEA
VLGEA	+ 0.6	HLF

High negative correlations

IMKTA	- 0.51	EPC
IMKTA	- 0.48	AVO
THS	- 0.48	AVO
VLGEA	- 0.46	THS
DNUT	- 0.43	HLF
DNUT	- 0.43	AVO

Risk-Adjusted Indicators

There is a big difference between Natural Stock performing well and Natural Grocers 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 Natural Grocers' 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
EPC	1.44	(0.16)	0.00	(0.08)	0.00	0.00	2.55	(2.73)	10.46
SENEA	1.29	(0.03)	(0.05)	0.01	1.78	(1.27)	2.75	(2.47)	9.06
AVO	1.19	(0.12)	0.00	(0.11)	0.00	0.00	1.90	(2.40)	12.46
HLF	2.15	(0.35)	0.00	(0.11)	0.00	0.00	4.58	(4.10)	11.31
THS	2.41	(0.20)	(0.03)	0.00	2.80	(2.75)	3.96	(4.51)	23.66
DNUT	3.44	(0.09)	0.01	0.06	3.63	(4.06)	8.40	(6.19)	21.84
IMKTA	1.33	0.22	0.16	0.29	1.10	(1.53)	3.59	(1.96)	9.75
UDMY	2.31	(0.72)	0.00	(0.15)	0.00	0.00	3.62	(5.43)	22.70
VLGEA	1.42	(0.07)	(0.04)	0.00	2.43	(1.48)	3.18	(2.09)	17.48

Natural Grocers Corporate Management

David Rooney	Independent Director	Profile
Jessica Thiessen	Assistant Treasurer	Profile
Richard Hall	Chief Officer	Profile
John Esq	VP Counsel	Profile

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