Better Choice Correlations

BTTR Stock

USD 1.69 0.07 4.32%

The current 90-days correlation between Better Choice and Stryve Foods is 0.01 (i.e., Significant diversification). The correlation of Better Choice 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.

Better Choice Correlation With Market

Modest diversification

The correlation between Better Choice and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Better Choice 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 Better Choice. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Better Stock, please use our How to Invest in Better Choice guide.

Moving together with Better Stock

0.63	FLO	Flowers Foods	Pair Corr
0.73	BRFS	BRF SA ADR	Pair Corr
0.71	GO	Grocery Outlet Holding	Pair Corr
0.69	LW	Lamb Weston Holdings	Pair Corr
0.85	DNUT	Krispy Kreme	Pair Corr
0.74	DTCK	Davis Commodities	Pair Corr
0.68	VITL	Vital Farms Sell-off Trend	Pair Corr
0.78	EDBL	Edible Garden AG	Pair Corr
0.82	EEIQ	Elite Education Group	Pair Corr

Moving against Better Stock

0.79	KO	Coca Cola	Pair Corr
0.78	BUD	Anheuser Busch Inbev Sell-off Trend	Pair Corr
0.78	K	Kellanova Sell-off Trend	Pair Corr
0.78	MO	Altria Group	Pair Corr
0.78	PM	Philip Morris Intern	Pair Corr
0.77	FMX	Fomento Economico	Pair Corr
0.7	BJ	BJs Wholesale Club	Pair Corr
0.69	YQ	17 Education Technology	Pair Corr
0.64	KR	Kroger Company	Pair Corr
0.58	YI	111 Inc	Pair Corr
0.53	GV	Visionary Education	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.42	JZ	Jianzhi Education	Pair Corr
0.41	UL	Unilever PLC ADR	Pair Corr
0.39	DG	Dollar General	Pair Corr
0.81	WYHG	Wing Yip Food	Pair Corr
0.8	VSTA	Vasta Platform Potential Growth	Pair Corr
0.69	ACI	Albertsons Companies	Pair Corr
0.68	FARM	Farmer Bros	Pair Corr
0.68	WVVI	Willamette Valley Earnings Call This Week	Pair Corr
0.63	BTI	British American Tobacco	Pair Corr
0.59	BRLSW	Borealis Foods	Pair Corr
0.53	DOLE	Dole PLC	Pair Corr
0.33	WILC	G Willi Food	Pair Corr

Related Correlations Analysis

	BSFC	SNAX	BDPT	BEOLF	BABYF	INBP	RIBT	PRBZF	VGGIF	PAVS
BSFC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BSFC
SNAX	0.0		-0.74	-0.71	-0.25	0.0	0.0	0.54	-0.19	-0.27	SNAX
BDPT	0.0	-0.74		0.71	0.17	0.0	0.0	-0.57	0.06	0.52	BDPT
BEOLF	0.0	-0.71	0.71		-0.14	0.0	0.0	-0.58	-0.07	0.38	BEOLF
BABYF	0.0	-0.25	0.17	-0.14		0.0	0.0	0.08	0.49	0.09	BABYF
INBP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	INBP
RIBT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	RIBT
PRBZF	0.0	0.54	-0.57	-0.58	0.08	0.0	0.0		-0.01	-0.33	PRBZF
VGGIF	0.0	-0.19	0.06	-0.07	0.49	0.0	0.0	-0.01		0.01	VGGIF
PAVS	0.0	-0.27	0.52	0.38	0.09	0.0	0.0	-0.33	0.01		PAVS
	BSFC	SNAX	BDPT	BEOLF	BABYF	INBP	RIBT	PRBZF	VGGIF	PAVS

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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

BEOLF	+ 0.71	BDPT
PRBZF	+ 0.54	SNAX
PAVS	+ 0.52	BDPT
VGGIF	+ 0.49	BABYF
PAVS	+ 0.38	BEOLF
BABYF	+ 0.17	BDPT

High negative correlations

BDPT	- 0.74	SNAX
BEOLF	- 0.71	SNAX
PRBZF	- 0.58	BEOLF
PRBZF	- 0.57	BDPT
PAVS	- 0.33	PRBZF
PAVS	- 0.27	SNAX

Risk-Adjusted Indicators

There is a big difference between Better Stock performing well and Better Choice 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 Better Choice'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
BSFC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNAX	4.43	(0.18)	0.00	0.24	0.00	0.00	12.05	(7.50)	50.79
BDPT	11.87	2.48	0.16	1.66	12.20	(16.88)	28.36	(25.00)	72.63
BEOLF	4.20	1.72	0.45	(3.24)	3.04	(5.80)	11.88	(5.88)	28.89
BABYF	10.86	1.44	0.06	0.16	12.02	(18.05)	30.77	(23.08)	121.43
INBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RIBT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRBZF	0.86	(0.09)	0.00	(0.50)	0.00	0.00	2.20	(3.56)	10.02
VGGIF	28.64	8.32	0.19	(1.28)	21.17	(80.81)	152.00	(62.86)	275.00
PAVS	2.39	0.60	0.27	(0.87)	2.02	(3.71)	6.92	(4.17)	27.68

Better Choice Corporate Management

Kent Cunningham	Chief Officer	Profile
Robert Sauermann	Chief Officer	Profile
Sharla Cook	CFO Sec	Profile
Donald Young	Chief Officer	Profile
Ryan Wilson	Vice Marketing	Profile
Jennifer Condon	Executive Sales	Profile

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