Forafric Global Correlations

AFRI Stock

USD 8.44 0.06 0.71%

The current 90-days correlation between Forafric Global PLC and Forafric Global PLC is 0.12 (i.e., Average diversification). The correlation of Forafric Global 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.

Forafric Global Correlation With Market

Modest diversification

The correlation between Forafric Global PLC and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forafric Global PLC 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 Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Forafric Stock

0.78	EDBL	Edible Garden AG	Pair Corr
0.84	FRPT	Freshpet	Pair Corr
0.86	THS	Treehouse Foods	Pair Corr
0.91	STKH	Steakholder Foods	Pair Corr
0.77	GO	Grocery Outlet Holding	Pair Corr
0.77	LW	Lamb Weston Holdings	Pair Corr
0.68	DLTR	Dollar Tree	Pair Corr
0.93	DNUT	Krispy Kreme	Pair Corr
0.73	DTCK	Davis Commodities	Pair Corr
0.73	VITL	Vital Farms	Pair Corr
0.93	EEIQ	Elite Education Group	Pair Corr

Moving against Forafric Stock

0.9	K	Kellanova	Pair Corr
0.86	MO	Altria Group	Pair Corr
0.83	IH	Ihuman Inc	Pair Corr
0.82	BJ	BJs Wholesale Club	Pair Corr
0.82	PM	Philip Morris Intern	Pair Corr
0.8	KO	Coca Cola	Pair Corr
0.72	GV	Visionary Education	Pair Corr
0.67	KR	Kroger Company	Pair Corr
0.6	PPC	Pilgrims Pride Corp	Pair Corr
0.57	DG	Dollar General	Pair Corr
0.54	UL	Unilever PLC ADR	Pair Corr
0.47	PG	Procter Gamble	Pair Corr
0.38	JZ	Jianzhi Education	Pair Corr
0.35	TR	Tootsie Roll Industries	Pair Corr
0.95	VSTA	Vasta Platform	Pair Corr
0.82	YQ	17 Education Technology	Pair Corr
0.81	ACI	Albertsons Companies	Pair Corr
0.8	WYHG	Wing Yip Food	Pair Corr
0.77	WVVI	Willamette Valley Earnings Call Today	Pair Corr
0.61	DOLE	Dole PLC	Pair Corr
0.6	FARM	Farmer Bros	Pair Corr
0.59	YI	111 Inc	Pair Corr
0.58	BRLSW	Borealis Foods	Pair Corr
0.35	ACU	Acme United	Pair Corr

Related Correlations Analysis

	AAGRY	AGRIW	AFRIW	APPHW	GRCLF	ASAGF	FDP	ALCO	SANW
AAGRY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AAGRY
AGRIW	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AGRIW
AFRIW	0.0	0.0		0.0	0.52	-0.61	0.58	-0.07	-0.05	AFRIW
APPHW	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	APPHW
GRCLF	0.0	0.0	0.52	0.0		-0.47	0.42	-0.12	-0.03	GRCLF
ASAGF	0.0	0.0	-0.61	0.0	-0.47		-0.52	0.0	-0.16	ASAGF
FDP	0.0	0.0	0.58	0.0	0.42	-0.52		-0.64	-0.43	FDP
ALCO	0.0	0.0	-0.07	0.0	-0.12	0.0	-0.64		0.71	ALCO
SANW	0.0	0.0	-0.05	0.0	-0.03	-0.16	-0.43	0.71		SANW
	AAGRY	AGRIW	AFRIW	APPHW	GRCLF	ASAGF	FDP	ALCO	SANW

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

SANW	+ 0.71	ALCO
FDP	+ 0.58	AFRIW
GRCLF	+ 0.52	AFRIW
FDP	+ 0.42	GRCLF
AGRIW	+ 0.0	AAGRY
AFRIW	+ 0.0	AAGRY

High negative correlations

ALCO	- 0.64	FDP
ASAGF	- 0.61	AFRIW
FDP	- 0.52	ASAGF
ASAGF	- 0.47	GRCLF
SANW	- 0.43	FDP
SANW	- 0.16	ASAGF

Risk-Adjusted Indicators

There is a big difference between Forafric Stock performing well and Forafric Global 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 Forafric Global'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
AAGRY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGRIW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFRIW	6.32	(0.33)	0.00	(3.25)	0.00	0.00	16.04	(14.63)	49.58
APPHW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GRCLF	3.88	0.25	0.05	0.31	4.23	(6.32)	11.06	(8.75)	33.60
ASAGF	1.04	0.15	0.05	(2.48)	1.50	(4.46)	4.40	(3.33)	18.06
FDP	0.98	(0.17)	0.00	(0.51)	0.00	0.00	1.43	(2.28)	5.70
ALCO	1.65	0.23	0.17	0.41	1.44	(2.21)	3.50	(2.57)	23.20
SANW	4.86	0.97	0.25	(1.79)	3.63	(6.41)	18.55	(6.88)	42.09

Forafric Global Corporate Management

Khalid Assari	Chief Officer	Profile
Mustapha Ghazali	Chief Officer	Profile
Julien Benitah	CFO Director	Profile
Mustapha Jamaleddine	Chief Officer	Profile
Ouri Marciano	Head Development	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