Bridgford Foods Correlations

BRID Stock

USD 9.69 0.30 3.00%

The correlation of Bridgford 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.

Bridgford Foods Correlation With Market

Significant diversification

The correlation between Bridgford Foods and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridgford Foods 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 Bridgford Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Bridgford Stock refer to our How to Trade Bridgford Stock guide.

Moving together with Bridgford Stock

0.66	FLO	Flowers Foods	Pair Corr
0.63	STZ	Constellation Brands	Pair Corr
0.62	DTCK	Davis Commodities	Pair Corr

Moving against Bridgford Stock

0.72	BJ	BJs Wholesale Club	Pair Corr
0.69	YQ	17 Education Technology	Pair Corr
0.61	K	Kellanova	Pair Corr
0.59	PM	Philip Morris Intern	Pair Corr
0.57	KO	Coca Cola	Pair Corr
0.55	FMX	Fomento Economico	Pair Corr
0.53	KR	Kroger Company	Pair Corr
0.46	MO	Altria Group	Pair Corr
0.43	UG	United Guardian	Pair Corr
0.41	GV	Visionary Education	Pair Corr
0.4	BUD	Anheuser Busch Inbev	Pair Corr
0.31	BOF	BranchOut Food Common	Pair Corr
0.68	WVVI	Willamette Valley Earnings Call This Week	Pair Corr
0.65	VSTA	Vasta Platform	Pair Corr
0.62	ACI	Albertsons Companies	Pair Corr
0.6	WYHG	Wing Yip Food	Pair Corr
0.58	BRLSW	Borealis Foods	Pair Corr
0.54	BTI	British American Tobacco	Pair Corr
0.31	FARM	Farmer Bros	Pair Corr

Related Correlations Analysis

	SENEB	JJSF	CENT	CENTA	LANC	THS	JBSS	SENEA	ACOPY	AVOZ
SENEB		-0.69	-0.47	-0.41	0.02	-0.57	-0.61	0.36	0.54	0.0	SENEB
JJSF	-0.69		0.56	0.4	-0.18	0.46	0.79	-0.23	-0.46	0.0	JJSF
CENT	-0.47	0.56		0.8	0.26	0.36	0.32	-0.14	-0.43	0.0	CENT
CENTA	-0.41	0.4	0.8		0.53	0.05	0.06	0.22	-0.08	0.0	CENTA
LANC	0.02	-0.18	0.26	0.53		-0.41	-0.46	0.61	0.49	0.0	LANC
THS	-0.57	0.46	0.36	0.05	-0.41		0.64	-0.78	-0.92	0.0	THS
JBSS	-0.61	0.79	0.32	0.06	-0.46	0.64		-0.55	-0.67	0.0	JBSS
SENEA	0.36	-0.23	-0.14	0.22	0.61	-0.78	-0.55		0.85	0.0	SENEA
ACOPY	0.54	-0.46	-0.43	-0.08	0.49	-0.92	-0.67	0.85		0.0	ACOPY
AVOZ	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AVOZ
	SENEB	JJSF	CENT	CENTA	LANC	THS	JBSS	SENEA	ACOPY	AVOZ

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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

ACOPY	+ 0.85	SENEA
CENTA	+ 0.8	CENT
JBSS	+ 0.79	JJSF
JBSS	+ 0.64	THS
SENEA	+ 0.61	LANC
CENT	+ 0.56	JJSF

High negative correlations

ACOPY	- 0.92	THS
SENEA	- 0.78	THS
JJSF	- 0.69	SENEB
ACOPY	- 0.67	JBSS
JBSS	- 0.61	SENEB
THS	- 0.57	SENEB

Risk-Adjusted Indicators

There is a big difference between Bridgford Stock performing well and Bridgford Foods 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 Bridgford 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
SENEB	1.85	0.58	0.21	1.25	1.50	(3.30)	7.46	(3.81)	18.07
JJSF	1.23	(0.42)	0.00	1.30	0.00	0.00	2.51	(3.31)	9.16
CENT	1.59	(0.19)	0.00	0.29	0.00	0.00	3.02	(4.13)	14.60
CENTA	1.51	(0.04)	0.00	(0.21)	0.00	0.00	2.53	(3.57)	11.78
LANC	1.32	(0.13)	0.00	8.63	0.00	0.00	2.19	(2.73)	11.71
THS	1.52	(0.34)	0.00	7.22	0.00	0.00	2.10	(3.65)	13.25
JBSS	1.34	(0.32)	0.00	(1.07)	0.00	0.00	2.11	(3.18)	13.09
SENEA	1.43	0.27	0.18	0.51	1.42	(1.62)	3.61	(2.43)	13.63
ACOPY	2.34	0.79	0.12	(9.39)	2.23	(8.47)	7.24	(2.19)	43.08
AVOZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Bridgford Foods Corporate Executives

Elected by the shareholders, the Bridgford Foods' board of directors comprises two types of representatives: Bridgford Foods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bridgford. The board's role is to monitor Bridgford Foods' management team and ensure that shareholders' interests are well served. Bridgford 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, Bridgford Foods' outside directors are responsible for providing unbiased perspectives on the board's policies.

Cindy MatthewsMorales

CFO Secretary

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