Adecoagro Correlations

AGRO Stock

USD 10.90 0.06 0.55%

The current 90-days correlation between Adecoagro SA and Dole PLC is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adecoagro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adecoagro SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Adecoagro Correlation With Market

Significant diversification

The correlation between Adecoagro SA and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adecoagro SA 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 Adecoagro SA. 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 Adecoagro Stock

0.82	BUD	Anheuser Busch Inbev Sell-off Trend	Pair Corr
0.77	FMX	Fomento Economico	Pair Corr
0.62	K	Kellanova Sell-off Trend	Pair Corr
0.62	BJ	BJs Wholesale Club	Pair Corr
0.62	DG	Dollar General	Pair Corr
0.65	JZ	Jianzhi Education	Pair Corr
0.81	KO	Coca Cola	Pair Corr
0.62	KR	Kroger Company	Pair Corr
0.79	MO	Altria Group	Pair Corr
0.73	PM	Philip Morris Intern	Pair Corr
0.71	YI	111 Inc	Pair Corr
0.67	DOLE	Dole PLC	Pair Corr

Moving against Adecoagro Stock

0.67	DNUT	Krispy Kreme	Pair Corr
0.56	GO	Grocery Outlet Holding	Pair Corr
0.5	BRFS	BRF SA ADR	Pair Corr
0.5	DLTR	Dollar Tree	Pair Corr
0.49	ABVE	Above Food Ingredients Symbol Change	Pair Corr
0.42	LW	Lamb Weston Holdings	Pair Corr
0.37	FLO	Flowers Foods	Pair Corr
0.35	EL	Estee Lauder Companies	Pair Corr
0.77	EEIQ	Elite Education Group	Pair Corr
0.75	VITL	Vital Farms Sell-off Trend	Pair Corr
0.74	EDBL	Edible Garden AG	Pair Corr
0.61	VINE	Fresh Grapes LLC	Pair Corr
0.61	BON	Bon Natural Life	Pair Corr
0.59	DTCK	Davis Commodities	Pair Corr
0.57	FAMI	Farmmi Inc	Pair Corr
0.45	AVO	Mission Produce	Pair Corr
0.43	EWCZ	European Wax Center	Pair Corr
0.34	IMKTA	Ingles Markets	Pair Corr

Related Correlations Analysis

	LMNR	DOLE	ALCO	CALM	FDP	SANW	LND	SLCJY	AFRI	ADM
LMNR		-0.19	-0.43	0.52	0.78	-0.43	-0.08	-0.49	0.86	0.49	LMNR
DOLE	-0.19		-0.33	-0.54	-0.02	-0.38	0.15	0.75	-0.54	-0.17	DOLE
ALCO	-0.43	-0.33		0.24	-0.67	0.72	0.38	0.08	-0.28	-0.2	ALCO
CALM	0.52	-0.54	0.24		0.43	0.28	0.34	-0.56	0.69	0.4	CALM
FDP	0.78	-0.02	-0.67	0.43		-0.53	-0.06	-0.43	0.74	0.63	FDP
SANW	-0.43	-0.38	0.72	0.28	-0.53		0.17	-0.04	-0.17	-0.26	SANW
LND	-0.08	0.15	0.38	0.34	-0.06	0.17		0.29	-0.1	0.04	LND
SLCJY	-0.49	0.75	0.08	-0.56	-0.43	-0.04	0.29		-0.73	-0.41	SLCJY
AFRI	0.86	-0.54	-0.28	0.69	0.74	-0.17	-0.1	-0.73		0.5	AFRI
ADM	0.49	-0.17	-0.2	0.4	0.63	-0.26	0.04	-0.41	0.5		ADM
	LMNR	DOLE	ALCO	CALM	FDP	SANW	LND	SLCJY	AFRI	ADM

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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

AFRI	+ 0.86	LMNR
FDP	+ 0.78	LMNR
SLCJY	+ 0.75	DOLE
AFRI	+ 0.74	FDP
SANW	+ 0.72	ALCO
AFRI	+ 0.69	CALM

High negative correlations

AFRI	- 0.73	SLCJY
FDP	- 0.67	ALCO
SLCJY	- 0.56	CALM
AFRI	- 0.54	DOLE
CALM	- 0.54	DOLE
SANW	- 0.53	FDP

Risk-Adjusted Indicators

There is a big difference between Adecoagro Stock performing well and Adecoagro 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 Adecoagro'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
LMNR	1.69	(0.54)	0.00	(0.54)	0.00	0.00	2.61	(4.40)	16.69
DOLE	1.18	0.02	0.00	(0.04)	0.00	0.00	2.00	(2.79)	7.45
ALCO	1.66	0.21	0.16	0.35	1.45	(2.28)	3.50	(2.67)	23.20
CALM	2.44	(0.08)	0.00	(0.13)	0.00	0.00	4.18	(6.47)	17.40
FDP	0.96	(0.14)	0.00	(0.43)	0.00	0.00	1.43	(2.28)	5.70
SANW	4.78	0.84	0.22	(1.56)	3.69	(6.64)	18.55	(6.88)	42.09
LND	1.23	0.04	0.05	0.02	1.62	(1.29)	2.77	(3.23)	6.11
SLCJY	1.60	0.17	0.05	0.35	2.67	(1.80)	3.54	(3.47)	19.41
AFRI	1.06	(0.22)	0.00	(0.53)	0.00	0.00	2.66	(2.00)	11.21
ADM	1.35	(0.16)	0.00	3.53	0.00	0.00	2.87	(3.21)	8.83

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