Barfresh Food Correlations

BRFH Stock

USD 3.48 0.01 0.29%

The current 90-days correlation between Barfresh Food Group and Flow Beverage Corp is 0.07 (i.e., Significant diversification). The correlation of Barfresh 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.

Barfresh Food Correlation With Market

Good diversification

The correlation between Barfresh Food Group and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barfresh Food Group 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 Barfresh Food Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Barfresh Stock

0.69	KO	Coca Cola	Pair Corr
0.7	PRMB	Primo Brands	Pair Corr
0.78	CCEP	Coca Cola European	Pair Corr
0.65	COKE	Coca Cola Consolidated	Pair Corr
0.76	K	Kellanova	Pair Corr
0.61	BJ	BJs Wholesale Club	Pair Corr
0.75	PM	Philip Morris Intern	Pair Corr
0.62	UG	United Guardian	Pair Corr
0.82	BRLSW	Borealis Foods	Pair Corr

Moving against Barfresh Stock

0.76	FIZZ	National Beverage Corp	Pair Corr
0.64	BG	Bunge Limited	Pair Corr
0.37	STKL	SunOpta	Pair Corr
0.34	ZVIA	Zevia Pbc	Pair Corr
0.33	GO	Grocery Outlet Holding	Pair Corr
0.66	DTCK	Davis Commodities	Pair Corr
0.64	LW	Lamb Weston Holdings	Pair Corr
0.54	FAMI	Farmmi Inc	Pair Corr
0.38	VITL	Vital Farms	Pair Corr
0.35	EDBL	Edible Garden AG	Pair Corr

Related Correlations Analysis

	FLWBF	FBEC	REED	JSDA	HSEEF	EQLB	VGID	ALKM	ZVIA	WTER
FLWBF		0.01	0.0	0.0	0.13	-0.46	0.0	0.06	0.46	0.0	FLWBF
FBEC	0.01		0.0	0.0	-0.25	0.25	0.0	0.15	-0.2	0.0	FBEC
REED	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	REED
JSDA	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	JSDA
HSEEF	0.13	-0.25	0.0	0.0		0.05	0.0	0.04	0.28	0.0	HSEEF
EQLB	-0.46	0.25	0.0	0.0	0.05		0.0	0.22	-0.59	0.0	EQLB
VGID	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	VGID
ALKM	0.06	0.15	0.0	0.0	0.04	0.22	0.0		0.01	0.0	ALKM
ZVIA	0.46	-0.2	0.0	0.0	0.28	-0.59	0.0	0.01		0.0	ZVIA
WTER	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		WTER
	FLWBF	FBEC	REED	JSDA	HSEEF	EQLB	VGID	ALKM	ZVIA	WTER

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ZVIA	+ 0.46	FLWBF
ZVIA	+ 0.28	HSEEF
EQLB	+ 0.25	FBEC
ALKM	+ 0.22	EQLB
ALKM	+ 0.15	FBEC
HSEEF	+ 0.13	FLWBF

High negative correlations

ZVIA	- 0.59	EQLB
EQLB	- 0.46	FLWBF
HSEEF	- 0.25	FBEC
ZVIA	- 0.2	FBEC
WTER	- 0.0	ZVIA
WTER	- 0.0	ALKM

Risk-Adjusted Indicators

There is a big difference between Barfresh Stock performing well and Barfresh 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 Barfresh 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
FLWBF	4.02	0.01	0.01	(0.08)	7.29	(14.83)	16.90	(9.73)	63.54
FBEC	65.37	26.07	0.39	(2.71)	27.94	(232.50)	400.00	(60.00)	480.00
REED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JSDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HSEEF	4.65	0.80	0.00	0.19	0.00	0.00	0.00	(14.29)	200.66
EQLB	12.84	1.58	0.07	(0.30)	13.47	(37.35)	62.50	(37.50)	121.15
VGID	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALKM	32.30	12.65	0.00	(0.48)	0.00	0.00	0.00	0.00	1,000.00
ZVIA	4.28	(0.34)	0.00	(0.26)	0.00	0.00	9.17	(8.37)	39.30
WTER	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC