Alimentation Couchen Correlations

ANCTF Stock

USD 56.77 0.61 1.06%

The current 90-days correlation between Alimentation Couchen Tard and Williams Sonoma is -0.11 (i.e., Good diversification). The correlation of Alimentation Couchen 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.

Alimentation Couchen Correlation With Market

Modest diversification

The correlation between Alimentation Couchen Tard and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alimentation Couchen Tard and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Alimentation Couchen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alimentation Couchen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alimentation Couchen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alimentation Couchen Tard to buy it.

Moving together with Alimentation Pink Sheet

0.63	WSM	Williams Sonoma	Pair Corr
0.67	LGCY	Legacy Education	Pair Corr
0.62	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.61	PG	Procter Gamble	Pair Corr

Moving against Alimentation Pink Sheet

0.5	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.31	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	ARKOW	ARKO	AMBBF	SPWH	MUSA	CASY	OLPX	BNED	SBH
ARKOW		-0.21	0.0	-0.31	0.18	0.43	-0.62	0.31	-0.1	ARKOW
ARKO	-0.21		-0.36	-0.02	0.06	0.34	0.21	0.07	0.49	ARKO
AMBBF	0.0	-0.36		0.0	-0.31	-0.1	-0.24	-0.42	-0.29	AMBBF
SPWH	-0.31	-0.02	0.0		-0.63	-0.77	0.58	-0.25	-0.24	SPWH
MUSA	0.18	0.06	-0.31	-0.63		0.68	-0.18	0.59	0.26	MUSA
CASY	0.43	0.34	-0.1	-0.77	0.68		-0.6	0.35	0.24	CASY
OLPX	-0.62	0.21	-0.24	0.58	-0.18	-0.6		0.0	0.02	OLPX
BNED	0.31	0.07	-0.42	-0.25	0.59	0.35	0.0		0.02	BNED
SBH	-0.1	0.49	-0.29	-0.24	0.26	0.24	0.02	0.02		SBH
	ARKOW	ARKO	AMBBF	SPWH	MUSA	CASY	OLPX	BNED	SBH

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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

CASY	+ 0.68	MUSA
BNED	+ 0.59	MUSA
OLPX	+ 0.58	SPWH
SBH	+ 0.49	ARKO
CASY	+ 0.43	ARKOW
BNED	+ 0.35	CASY

High negative correlations

CASY	- 0.77	SPWH
MUSA	- 0.63	SPWH
OLPX	- 0.62	ARKOW
OLPX	- 0.6	CASY
BNED	- 0.42	AMBBF
AMBBF	- 0.36	ARKO

Risk-Adjusted Indicators

There is a big difference between Alimentation Pink Sheet performing well and Alimentation Couchen 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 Alimentation Couchen'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
ARKOW	9.57	1.76	0.06	(0.19)	12.39	(12.81)	28.57	(18.92)	78.89
ARKO	1.91	0.16	0.12	0.21	1.63	(2.36)	4.26	(3.07)	11.68
AMBBF	27.32	9.47	0.23	(0.92)	23.04	(41.19)	68.07	(45.65)	517.95
SPWH	4.21	0.33	0.06	0.61	4.22	(4.90)	10.57	(6.54)	24.59
MUSA	1.07	0.00	(0.03)	0.11	1.25	(1.19)	2.46	(1.64)	6.79
CASY	1.09	0.12	0.08	0.28	0.98	(1.31)	2.74	(1.93)	6.06
OLPX	2.85	(0.01)	0.00	0.11	4.66	(2.68)	6.44	(5.86)	23.09
BNED	3.22	0.13	0.04	0.22	3.93	(3.70)	6.38	(6.50)	40.97
SBH	1.99	0.23	0.02	(0.22)	2.09	(2.43)	4.86	(3.10)	16.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alimentation Couchen without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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