BRC Correlations

BRCC Stock

USD 2.10 0.02 0.94%

The current 90-days correlation between BRC Inc and Bridgford Foods is -0.01 (i.e., Good diversification). The correlation of BRC 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.

BRC Correlation With Market

Weak diversification

The correlation between BRC Inc and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BRC Inc 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 BRC Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with BRC Stock

0.62	BG	Bunge Limited	Pair Corr
0.71	LW	Lamb Weston Holdings	Pair Corr
0.71	VITL	Vital Farms	Pair Corr
0.73	EDBL	Edible Garden AG	Pair Corr
0.9	FAMI	Farmmi Inc	Pair Corr
0.89	BON	Bon Natural Life	Pair Corr
0.67	FDP	Fresh Del Monte	Pair Corr
0.81	FRPT	Freshpet	Pair Corr
0.65	FLO	Flowers Foods	Pair Corr
0.85	FTFT	Future Fintech Group	Pair Corr
0.61	HRL	Hormel Foods Sell-off Trend	Pair Corr
0.81	LSF	Laird Superfood	Pair Corr
0.74	SAM	Boston Beer	Pair Corr

Moving against BRC Stock

0.94	CCU	Compania Cervecerias	Pair Corr
0.86	PM	Philip Morris Intern	Pair Corr
0.85	K	Kellanova Sell-off Trend	Pair Corr
0.82	BTI	British American Tobacco	Pair Corr
0.82	BUD	Anheuser Busch Inbev	Pair Corr
0.81	MO	Altria Group	Pair Corr
0.64	FARM	Farmer Bros	Pair Corr
0.54	DDC	DDC Enterprise	Pair Corr
0.52	DOLE	Dole PLC	Pair Corr
0.34	BOF	BranchOut Food Common	Pair Corr
0.87	FMX	Fomento Economico	Pair Corr
0.83	JVA	Coffee Holding	Pair Corr
0.69	PPC	Pilgrims Pride Corp	Pair Corr
0.64	MKC	McCormick Company Earnings Call This Week	Pair Corr
0.64	SEB	Seaboard	Pair Corr
0.54	RLX	RLX Technology Buyout Trend	Pair Corr
0.52	TSN	Tyson Foods Sell-off Trend	Pair Corr
0.42	KLG	WK Kellogg	Pair Corr
0.36	TAP	Molson Coors Brewing	Pair Corr
0.36	TPB	Turning Point Brands	Pair Corr

Related Correlations Analysis

	JBSAY	MRRTY	BRID	CENTA	BRBR	INGR	POST	MKC	HAIN	LW
JBSAY		0.69	0.18	0.65	0.6	0.59	0.19	-0.14	0.79	0.79	JBSAY
MRRTY	0.69		0.1	0.4	0.33	0.57	0.25	-0.01	0.7	0.63	MRRTY
BRID	0.18	0.1		-0.03	0.19	0.33	0.01	-0.26	0.34	0.29	BRID
CENTA	0.65	0.4	-0.03		0.35	0.45	0.68	0.34	0.65	0.64	CENTA
BRBR	0.6	0.33	0.19	0.35		0.31	-0.08	-0.33	0.5	0.62	BRBR
INGR	0.59	0.57	0.33	0.45	0.31		0.38	0.02	0.86	0.76	INGR
POST	0.19	0.25	0.01	0.68	-0.08	0.38		0.68	0.39	0.27	POST
MKC	-0.14	-0.01	-0.26	0.34	-0.33	0.02	0.68		-0.1	-0.21	MKC
HAIN	0.79	0.7	0.34	0.65	0.5	0.86	0.39	-0.1		0.92	HAIN
LW	0.79	0.63	0.29	0.64	0.62	0.76	0.27	-0.21	0.92		LW
	JBSAY	MRRTY	BRID	CENTA	BRBR	INGR	POST	MKC	HAIN	LW

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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

LW	+ 0.92	HAIN
HAIN	+ 0.86	INGR
HAIN	+ 0.79	JBSAY
LW	+ 0.79	JBSAY
LW	+ 0.76	INGR
HAIN	+ 0.7	MRRTY

High negative correlations

MKC	- 0.33	BRBR
MKC	- 0.26	BRID
LW	- 0.21	MKC
MKC	- 0.14	JBSAY
HAIN	- 0.1	MKC
POST	- 0.08	BRBR

Risk-Adjusted Indicators

There is a big difference between BRC Stock performing well and BRC 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 BRC'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
JBSAY	2.80	(0.01)	0.00	(0.10)	0.00	0.00	6.64	(7.17)	16.88
MRRTY	3.05	(0.15)	0.00	(0.21)	0.00	0.00	7.74	(7.18)	27.81
BRID	1.31	0.06	0.08	0.69	1.58	(1.51)	2.98	(2.52)	10.57
CENTA	1.48	(0.08)	0.00	(0.41)	0.00	0.00	2.53	(3.57)	11.78
BRBR	1.50	(0.02)	0.00	(0.11)	0.00	0.00	3.09	(4.16)	10.54
INGR	0.92	(0.08)	0.00	(0.39)	0.00	0.00	1.48	(2.02)	6.81
POST	1.04	(0.01)	0.00	(0.14)	0.00	0.00	1.81	(2.20)	8.75
MKC	1.17	0.07	0.09	0.16	1.44	(1.26)	2.56	(2.27)	6.80
HAIN	3.44	(0.98)	0.00	2.93	0.00	0.00	5.25	(8.78)	27.76
LW	2.13	(0.47)	0.00	(1.36)	0.00	0.00	4.35	(4.99)	26.89

BRC Corporate Management

Roland Smith	Ex Chairman	Profile
Danya Kennedy	Chief Officer	Profile
Martin Manning	Chief Officer	Profile
Chris Clark	Chief Officer	Profile
Toby Johnson	Chief Officer	Profile

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