Above Food Correlations

ABVEW Stock

0.02 0.0001 0.45%

The current 90-days correlation between Above Food Ingredients and Luxfer Holdings PLC is -0.2 (i.e., Good diversification). The correlation of Above Food 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Above Food Correlation With Market

Significant diversification

The correlation between Above Food Ingredients and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Above Food Ingredients and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Above Stock

0.61	BRLSW	Borealis Foods	Pair Corr
0.63	WYHG	Wing Yip Food Downward Rally	Pair Corr
0.62	PM	Philip Morris Intern	Pair Corr
0.63	FARM	Farmer Bros	Pair Corr

Moving against Above Stock

0.59	BG	Bunge Limited	Pair Corr
0.52	LW	Lamb Weston Holdings Earnings Call This Week	Pair Corr
0.33	ORIS	Oriental Rise Holdings	Pair Corr
0.33	SNAX	Stryve Foods	Pair Corr
0.62	FIZZ	National Beverage Corp	Pair Corr
0.49	ADM	Archer Daniels Midland	Pair Corr
0.47	CAG	ConAgra Foods	Pair Corr
0.44	DTCK	Davis Commodities	Pair Corr
0.39	VITL	Vital Farms	Pair Corr
0.36	IMKTA	Ingles Markets	Pair Corr
0.36	CLX	Clorox	Pair Corr

Related Correlations Analysis

	NL	PSO	IH	LXFR	VHI	TSE	BAK	STRA
NL		-0.7	0.08	0.01	0.64	-0.11	0.16	0.07	NL
PSO	-0.7		0.23	0.04	-0.75	0.23	-0.05	-0.12	PSO
IH	0.08	0.23		-0.6	-0.62	-0.25	-0.43	-0.71	IH
LXFR	0.01	0.04	-0.6		0.41	0.24	0.86	0.91	LXFR
VHI	0.64	-0.75	-0.62	0.41		0.06	0.42	0.56	VHI
TSE	-0.11	0.23	-0.25	0.24	0.06		-0.03	0.33	TSE
BAK	0.16	-0.05	-0.43	0.86	0.42	-0.03		0.77	BAK
STRA	0.07	-0.12	-0.71	0.91	0.56	0.33	0.77		STRA
	NL	PSO	IH	LXFR	VHI	TSE	BAK	STRA

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

STRA	+ 0.91	LXFR
BAK	+ 0.86	LXFR
STRA	+ 0.77	BAK
VHI	+ 0.64	NL
STRA	+ 0.56	VHI
BAK	+ 0.42	VHI

High negative correlations

VHI	- 0.75	PSO
STRA	- 0.71	IH
PSO	- 0.7	NL
VHI	- 0.62	IH
LXFR	- 0.6	IH
BAK	- 0.43	IH

Risk-Adjusted Indicators

There is a big difference between Above Stock performing well and Above Food 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 Above Food'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
NL	2.23	0.02	0.00	(0.02)	0.00	0.00	5.56	(4.16)	13.99
PSO	1.07	(0.04)	0.00	0.35	0.00	0.00	2.02	(2.27)	8.16
IH	2.99	0.79	0.17	0.91	3.61	(3.46)	9.49	(4.07)	34.80
LXFR	1.74	(0.17)	0.00	(0.21)	0.00	0.00	2.60	(4.10)	11.40
VHI	2.25	(0.34)	0.00	(0.52)	0.00	0.00	3.72	(6.06)	12.94
TSE	4.08	(0.31)	0.00	(0.89)	0.00	0.00	6.86	(7.58)	37.05
BAK	2.80	(0.11)	0.00	(0.14)	0.00	0.00	5.61	(4.88)	22.64
STRA	1.23	(0.24)	0.00	(0.39)	0.00	0.00	1.54	(2.89)	21.01

Above Food Corporate Executives

Elected by the shareholders, the Above Food's board of directors comprises two types of representatives: Above Food inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Above. The board's role is to monitor Above Food's management team and ensure that shareholders' interests are well served. Above Food'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, Above Food's outside directors are responsible for providing unbiased perspectives on the board's policies.

Tyler West	CoFounder Disruptive	Profile
Martin Williams	CoFounder Brands	Profile
Lionel Kambeitz	Executive CoFounder	Profile

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

2024 Macroaxis LLC