Armanino Foods Correlations
| AMNFDelisted Stock | USD 4.30 0.01 0.23% |
The correlation of Armanino Foods 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.
Armanino Foods Correlation With Market
Good diversification
The correlation between Armanino Foods New and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Armanino Foods New and DJI in the same portfolio, assuming nothing else is changed.
Armanino |
The ability to find closely correlated positions to Armanino Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Armanino Foods 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 Armanino Foods - 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 Armanino Foods New to buy it.
Moving together with Armanino OTC Stock
Moving against Armanino OTC Stock
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| 0.74 | GIS | General Mills | PairCorr |
| 0.69 | KHC | Kraft Heinz | PairCorr |
| 0.69 | RGF | Real Good Food | PairCorr |
| 0.68 | THS | Treehouse Foods | PairCorr |
| 0.66 | FLO | Flowers Foods | PairCorr |
| 0.59 | UTZ | Utz Brands | PairCorr |
| 0.58 | HAIN | Hain Celestial | PairCorr |
| 0.55 | BGS | BG Foods | PairCorr |
| 0.54 | SJM | JM Smucker | PairCorr |
| 0.41 | MKC | McCormick Company Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.32 | DAR | Darling Ingredients | PairCorr |
| 0.81 | HCWC | Healthy Choice Wellness Buyout Trend | PairCorr |
| 0.79 | SMFL | Smart for Life, | PairCorr |
| 0.78 | ATPC | Agape ATP | PairCorr |
| 0.78 | SOWG | Sow Good Common | PairCorr |
| 0.74 | NAII | Natural Alternatives | PairCorr |
| 0.72 | SNAX | Stryve Foods | PairCorr |
| 0.72 | STKH | Steakholder Foods | PairCorr |
| 0.64 | NCRA | Nocera Inc | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | SSMTF | ||
| 0.0 | 0.6 | -0.44 | 0.0 | 0.83 | 0.74 | ACOPY | ||
| 0.0 | 0.6 | -0.58 | 0.0 | 0.62 | 0.7 | ARRT | ||
| 0.0 | -0.44 | -0.58 | 0.0 | -0.55 | -0.73 | AVSFY | ||
| 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AVOZ | ||
| 0.0 | 0.83 | 0.62 | -0.55 | 0.0 | 0.77 | ACOPF | ||
| 0.0 | 0.74 | 0.7 | -0.73 | 0.0 | 0.77 | ARZTY | ||
| 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 Armanino OTC Stock performing well and Armanino Foods OTC Stock 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 Armanino Foods' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSMTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ACOPY | 1.61 | 0.00 | 0.00 | 0.00 | 3.11 | 5.63 | 35.61 | |||
| ARRT | 2.55 | 0.33 | 0.00 | 0.29 | 0.00 | 0.00 | 80.77 | |||
| AVSFY | 1.85 | 0.49 | 0.00 | (0.56) | 0.00 | 1.50 | 54.86 | |||
| AVOZ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ACOPF | 3.63 | 0.36 | 0.05 | (0.42) | 3.84 | 10.00 | 32.28 | |||
| ARZTY | 0.85 | (0.19) | 0.00 | (4.59) | 0.00 | 0.00 | 19.58 |
Armanino Foods Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Armanino Foods otc stock to make a market-neutral strategy. Peer analysis of Armanino Foods could also be used in its relative valuation, which is a method of valuing Armanino Foods by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Armanino Foods Corporate Management
Elected by the shareholders, the Armanino Foods' board of directors comprises two types of representatives: Armanino Foods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Armanino. The board's role is to monitor Armanino Foods' management team and ensure that shareholders' interests are well served. Armanino Foods' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Armanino Foods' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Deborah ArmaninoLeblanc | Director Sec | Profile | |
| James Lindahl | Director Marketing | Profile | |
| Edgar Estonina | COO CFO | Profile | |
| Timothy Anderson | CEO Pres | Profile |
Still Interested in Armanino Foods New?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.