BranchOut Food Correlations

BOF Stock

2.07 0.12 6.15%

The current 90-days correlation between BranchOut Food Common and Precision Optics, is -0.02 (i.e., Good diversification). The correlation of BranchOut 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.

BranchOut Food Correlation With Market

Significant diversification

The correlation between BranchOut Food Common and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BranchOut Food Common 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 BranchOut Food Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with BranchOut Stock

0.69	UG	United Guardian	Pair Corr
0.7	BRLSW	Borealis Foods	Pair Corr

Moving against BranchOut Stock

0.72	BG	Bunge Limited	Pair Corr
0.5	CL	Colgate Palmolive	Pair Corr
0.36	TR	Tootsie Roll Industries	Pair Corr
0.35	POST	Post Holdings	Pair Corr
0.58	FIZZ	National Beverage Corp	Pair Corr
0.57	ADM	Archer Daniels Midland	Pair Corr
0.46	DTCK	Davis Commodities	Pair Corr

Related Correlations Analysis

	RYAAY	ASR	LECO	AVY	ACCO	POCI	WZZAF	AIQUF
RYAAY		0.38	0.35	-0.38	-0.5	-0.36	0.44	0.8	RYAAY
ASR	0.38		0.49	-0.21	0.05	-0.01	0.28	0.37	ASR
LECO	0.35	0.49		0.04	0.05	-0.32	0.03	0.35	LECO
AVY	-0.38	-0.21	0.04		0.56	0.39	-0.69	-0.61	AVY
ACCO	-0.5	0.05	0.05	0.56		0.74	-0.68	-0.7	ACCO
POCI	-0.36	-0.01	-0.32	0.39	0.74		-0.58	-0.66	POCI
WZZAF	0.44	0.28	0.03	-0.69	-0.68	-0.58		0.76	WZZAF
AIQUF	0.8	0.37	0.35	-0.61	-0.7	-0.66	0.76		AIQUF
	RYAAY	ASR	LECO	AVY	ACCO	POCI	WZZAF	AIQUF

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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

AIQUF	+ 0.8	RYAAY
AIQUF	+ 0.76	WZZAF
POCI	+ 0.74	ACCO
ACCO	+ 0.56	AVY
LECO	+ 0.49	ASR
WZZAF	+ 0.44	RYAAY

High negative correlations

AIQUF	- 0.7	ACCO
WZZAF	- 0.69	AVY
WZZAF	- 0.68	ACCO
AIQUF	- 0.66	POCI
AIQUF	- 0.61	AVY
WZZAF	- 0.58	POCI

Risk-Adjusted Indicators

There is a big difference between BranchOut Stock performing well and BranchOut 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 BranchOut 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
RYAAY	1.55	0.11	0.07	0.06	1.75	(1.77)	3.53	(3.09)	12.11
ASR	1.61	0.14	0.07	0.06	1.87	(1.74)	2.92	(3.29)	13.79
LECO	1.23	0.01	0.00	(0.06)	0.00	0.00	2.91	(3.18)	13.78
AVY	1.02	(0.13)	0.00	(0.30)	0.00	0.00	1.60	(2.41)	7.69
ACCO	1.78	(0.33)	0.00	(0.36)	0.00	0.00	2.73	(3.91)	22.61
POCI	2.26	(0.05)	0.00	(0.17)	0.00	0.00	4.44	(4.04)	13.51
WZZAF	1.15	0.48	0.00	(1.57)	0.00	0.00	6.74	0.00	17.78
AIQUF	1.16	0.23	0.21	2.60	1.13	(1.28)	2.81	(2.06)	6.71

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