Dollar General Correlations
| DGCO34 Stock | BRL 29.85 0.12 0.40% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dollar General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dollar General moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Dollar General and NYA is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dollar General and NYA in the same portfolio, assuming nothing else is changed.
Dollar |
The ability to find closely correlated positions to Dollar General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dollar General 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 Dollar General - 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 Dollar General to buy it.
Moving together with Dollar Stock
| 0.84 | TGTB34 | Target | PairCorr |
| 0.73 | S1MF34 | Sumitomo Mitsui Financial | PairCorr |
| 0.63 | B1SA34 | Banco Santander Chile | PairCorr |
| 0.74 | TMCO34 | Toyota Motor | PairCorr |
| 0.64 | M1UF34 | Mitsubishi UFJ Financial | PairCorr |
| 0.77 | NMRH34 | Nomura Holdings | PairCorr |
| 0.71 | HOND34 | Honda Motor | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| A1TH34 | 1.27 | 0.36 | 0.13 | (4.50) | 1.03 | 5.72 | 12.25 | |||
| VERZ34 | 0.96 | 0.05 | (0.01) | 0.61 | 1.51 | 1.73 | 6.97 | |||
| Z1OM34 | 1.45 | 0.12 | (0.01) | (0.07) | 2.04 | 3.73 | 14.63 | |||
| STMN34 | 0.76 | (0.09) | 0.00 | 1.37 | 0.00 | 2.59 | 12.05 | |||
| BROF11 | 0.89 | 0.03 | (0.05) | (0.07) | 1.09 | 2.58 | 7.45 | |||
| AVGO34 | 2.02 | 0.33 | 0.05 | (0.13) | 2.29 | 5.04 | 15.89 | |||
| CHCM34 | 1.50 | (0.04) | 0.00 | (0.06) | 0.00 | 3.09 | 8.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dollar General 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.Did you try this?
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Dollar General Corporate Management
Elected by the shareholders, the Dollar General's board of directors comprises two types of representatives: Dollar General inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dollar. The board's role is to monitor Dollar General's management team and ensure that shareholders' interests are well served. Dollar General's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dollar General's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Garratt | Pres CFO | Profile | |
| Julie Elmore | VP CTO | Profile | |
| Christine Connolly | Chief Sec | Profile | |
| Rhonda Taylor | Exec Counsel | Profile | |
| Todd Vasos | Advisor | Profile | |
| Anita Elliott | VP Officer | Profile | |
| Kathleen Reardon | Ex Officer | Profile |
Already Invested in Dollar General?
The danger of trading Dollar General is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Dollar General is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Dollar General. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dollar General is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Dollar General is a strong investment it is important to analyze Dollar General's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dollar General's future performance. For an informed investment choice regarding Dollar Stock, refer to the following important reports: 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 tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Dollar Stock refer to our How to Trade Dollar Stock guide.Note that the Dollar General information on this page should be used as a complementary analysis to other Dollar General's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Dollar Stock analysis
When running Dollar General's price analysis, check to measure Dollar General's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dollar General is operating at the current time. Most of Dollar General's value examination focuses on studying past and present price action to predict the probability of Dollar General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dollar General's price. Additionally, you may evaluate how the addition of Dollar General to your portfolios can decrease your overall portfolio volatility.
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