Bunge Correlations

BG Stock

USD 75.24 0.53 0.71%

The current 90-days correlation between Bunge Limited and Tyson Foods is -0.09 (i.e., Good diversification). The correlation of Bunge 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.

Bunge Correlation With Market

Good diversification

The correlation between Bunge Limited and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bunge Limited 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 Bunge Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Bunge Stock

0.74	DTCK	Davis Commodities	Pair Corr
0.92	ADM	Archer Daniels Midland	Pair Corr
0.65	AGRI	AgriFORCE Growing Systems	Pair Corr

Moving against Bunge Stock

0.63	COOT	Australian Oilseeds	Pair Corr
0.52	CHSCM	CHS Inc CM	Pair Corr
0.5	CHSCL	CHS Inc CL	Pair Corr
0.4	DOLE	Dole PLC	Pair Corr
0.37	LOCL	Local Bounti Corp	Pair Corr
0.34	TSN	Tyson Foods	Pair Corr
0.33	AGRO	Adecoagro SA	Pair Corr
0.72	KR	Kroger Company	Pair Corr
0.67	PM	Philip Morris Intern	Pair Corr
0.61	YQ	17 Education Technology	Pair Corr
0.59	BJ	BJs Wholesale Club	Pair Corr
0.52	KO	Coca Cola Sell-off Trend	Pair Corr
0.51	PG	Procter Gamble	Pair Corr
0.49	UG	United Guardian Earnings Call Today	Pair Corr
0.47	K	Kellanova	Pair Corr
0.46	VSTA	Vasta Platform Downward Rally	Pair Corr
0.42	YI	111 Inc Trending	Pair Corr
0.36	MDLZ	Mondelez International	Pair Corr

Related Correlations Analysis

	TSN	CALM	DOLE	AGRO	FDP	LMNR	LND	ALCO	ADM
TSN		-0.83	0.87	0.78	-0.43	-0.57	0.0	-0.31	-0.48	TSN
CALM	-0.83		-0.68	-0.87	0.42	0.53	0.29	0.4	0.37	CALM
DOLE	0.87	-0.68		0.68	-0.36	-0.57	0.09	-0.22	-0.41	DOLE
AGRO	0.78	-0.87	0.68		-0.65	-0.65	-0.06	-0.07	-0.43	AGRO
FDP	-0.43	0.42	-0.36	-0.65		0.63	-0.27	-0.53	0.54	FDP
LMNR	-0.57	0.53	-0.57	-0.65	0.63		-0.33	-0.18	0.35	LMNR
LND	0.0	0.29	0.09	-0.06	-0.27	-0.33		0.54	-0.11	LND
ALCO	-0.31	0.4	-0.22	-0.07	-0.53	-0.18	0.54		-0.02	ALCO
ADM	-0.48	0.37	-0.41	-0.43	0.54	0.35	-0.11	-0.02		ADM
	TSN	CALM	DOLE	AGRO	FDP	LMNR	LND	ALCO	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

DOLE	+ 0.87	TSN
AGRO	+ 0.78	TSN
AGRO	+ 0.68	DOLE
LMNR	+ 0.63	FDP
ADM	+ 0.54	FDP
ALCO	+ 0.54	LND

High negative correlations

AGRO	- 0.87	CALM
CALM	- 0.83	TSN
DOLE	- 0.68	CALM
LMNR	- 0.65	AGRO
FDP	- 0.65	AGRO
LMNR	- 0.57	DOLE

Risk-Adjusted Indicators

There is a big difference between Bunge Stock performing well and Bunge 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 Bunge'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
TSN	1.01	0.00	0.00	(0.08)	0.00	0.00	2.25	(2.15)	5.57
CALM	2.41	(0.19)	0.00	0.50	0.00	0.00	4.18	(6.47)	17.40
DOLE	1.14	0.11	0.10	16.69	1.53	(1.10)	2.00	(2.31)	7.45
AGRO	1.08	0.19	0.23	(0.87)	0.94	(1.29)	1.61	(1.93)	14.34
FDP	0.98	(0.16)	0.00	1.11	0.00	0.00	1.43	(2.28)	5.70
LMNR	1.62	(0.60)	0.00	2.46	0.00	0.00	2.61	(4.10)	16.69
LND	1.19	0.09	0.09	0.25	1.49	(1.27)	2.77	(2.47)	6.11
ALCO	1.62	0.23	0.19	3.11	1.35	(2.25)	3.15	(2.57)	23.20
ADM	1.33	(0.08)	0.00	(0.57)	0.00	0.00	2.87	(3.21)	8.83

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