Borealis Foods Correlations

BRLSW Stock

0.11 0.01 10.00%

The current 90-days correlation between Borealis Foods and Centessa Pharmaceuticals PLC is 0.09 (i.e., Significant diversification). The correlation of Borealis 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Borealis Foods Correlation With Market

Modest diversification

The correlation between Borealis Foods and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Borealis 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 Borealis 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 state.

For more information on how to buy Borealis Stock please use our How to Invest in Borealis Foods guide.

Moving together with Borealis Stock

0.81	WYHG	Wing Yip Food	Pair Corr
0.64	ABVEW	Above Food Ingredients	Pair Corr
0.73	K	Kellanova	Pair Corr
0.7	BJ	BJs Wholesale Club	Pair Corr

Moving against Borealis Stock

0.85	JJSF	J J Snack	Pair Corr
0.77	ORIS	Oriental Rise Holdings	Pair Corr
0.77	SNAX	Stryve Foods	Pair Corr
0.71	HAIN	Hain Celestial Buyout Trend	Pair Corr
0.68	UTZ	Utz Brands	Pair Corr
0.67	BON	Bon Natural Life	Pair Corr
0.63	FAMI	Farmmi Inc	Pair Corr
0.6	LW	Lamb Weston Holdings	Pair Corr
0.59	HCWC	Healthy Choice Wellness	Pair Corr
0.45	IMG	CIMG Inc Symbol Change	Pair Corr
0.44	MAMA	Mamas Creations	Pair Corr
0.38	THS	Treehouse Foods Sell-off Trend	Pair Corr
0.36	ATPC	Agape ATP	Pair Corr
0.8	BG	Bunge Limited	Pair Corr
0.71	DTCK	Davis Commodities	Pair Corr
0.7	USNA	USANA Health Sciences	Pair Corr
0.45	EDBL	Edible Garden AG	Pair Corr
0.43	STKH	Steakholder Foods	Pair Corr
0.39	VITL	Vital Farms	Pair Corr
0.37	EL	Estee Lauder Companies	Pair Corr

Related Correlations Analysis

	CNTA	VCSA	HAFN	ALNT	ASUR	SNCY	TRMD	COE
CNTA		-0.16	0.07	-0.09	-0.23	-0.06	-0.12	0.17	CNTA
VCSA	-0.16		-0.25	0.13	0.54	0.18	0.2	0.71	VCSA
HAFN	0.07	-0.25		0.24	0.3	0.4	0.79	0.07	HAFN
ALNT	-0.09	0.13	0.24		0.57	0.72	0.08	0.02	ALNT
ASUR	-0.23	0.54	0.3	0.57		0.75	0.48	0.45	ASUR
SNCY	-0.06	0.18	0.4	0.72	0.75		0.26	0.08	SNCY
TRMD	-0.12	0.2	0.79	0.08	0.48	0.26		0.43	TRMD
COE	0.17	0.71	0.07	0.02	0.45	0.08	0.43		COE
	CNTA	VCSA	HAFN	ALNT	ASUR	SNCY	TRMD	COE

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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

TRMD	+ 0.79	HAFN
SNCY	+ 0.75	ASUR
SNCY	+ 0.72	ALNT
COE	+ 0.71	VCSA
ASUR	+ 0.57	ALNT
ASUR	+ 0.54	VCSA

High negative correlations

HAFN	- 0.25	VCSA
ASUR	- 0.23	CNTA
VCSA	- 0.16	CNTA
TRMD	- 0.12	CNTA
ALNT	- 0.09	CNTA
SNCY	- 0.06	CNTA

Risk-Adjusted Indicators

There is a big difference between Borealis Stock performing well and Borealis 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 Borealis 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
CNTA	3.04	0.01	0.02	0.03	3.40	(3.25)	6.30	(5.83)	15.09
VCSA	2.12	0.36	0.13	0.84	2.46	(2.90)	4.72	(5.88)	31.66
HAFN	2.26	(0.19)	0.00	1.79	0.00	0.00	4.47	(5.27)	21.41
ALNT	2.14	(0.12)	0.00	(0.88)	0.00	0.00	4.57	(4.50)	16.53
ASUR	2.26	0.31	0.11	0.14	2.37	(2.96)	4.04	(3.65)	21.20
SNCY	2.15	(0.15)	0.00	(0.21)	0.00	0.00	4.85	(4.19)	15.02
TRMD	2.37	0.19	0.08	0.61	2.64	(2.55)	5.73	(4.80)	18.19
COE	2.84	0.46	0.15	(2.88)	2.99	(3.78)	9.36	(4.29)	23.94

Borealis Foods Corporate Management

Pouneh Rahimi	Chief Officer	Profile
Matt Talle	Chief Officer	Profile
Steve Wegrzyn	Chief Officer	Profile
Henry Wong	Chief Officer	Profile

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