Beyond Meat Correlations

BYND Stock

USD 5.05 0.12 2.32%

The current 90-days correlation between Beyond Meat and Seneca Foods Corp is 0.29 (i.e., Modest diversification). The correlation of Beyond Meat 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.

Beyond Meat Correlation With Market

Weak diversification

The correlation between Beyond Meat and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beyond Meat 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 Beyond Meat. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Beyond Stock

0.85	BUD	Anheuser Busch Inbev	Pair Corr
0.69	FMX	Fomento Economico	Pair Corr
0.78	KHC	Kraft Heinz Sell-off Trend	Pair Corr
0.77	OTLY	Oatly Group AB	Pair Corr
0.65	ABEV	Ambev SA ADR	Pair Corr
0.78	EL	Estee Lauder Companies	Pair Corr
0.73	KO	Coca Cola Sell-off Trend	Pair Corr
0.85	UG	United Guardian	Pair Corr
0.74	UL	Unilever PLC ADR	Pair Corr

Moving against Beyond Stock

0.78	TAP	Molson Coors Brewing Sell-off Trend	Pair Corr
0.68	SAM	Boston Beer	Pair Corr
0.53	TSN	Tyson Foods	Pair Corr
0.45	PAVS	Paranovus Entertainment	Pair Corr
0.81	MO	Altria Group	Pair Corr
0.57	GO	Grocery Outlet Holding	Pair Corr
0.54	PM	Philip Morris Intern	Pair Corr
0.53	TR	Tootsie Roll Industries	Pair Corr
0.48	KR	Kroger Company Earnings Call Today	Pair Corr
0.46	BJ	BJs Wholesale Club	Pair Corr
0.45	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.41	JZ	Jianzhi Education	Pair Corr
0.71	EEIQ	Elite Education Group	Pair Corr
0.46	BRCNF	Burcon NutraScience Corp	Pair Corr

Related Correlations Analysis

	SENEB	CENT	CENTA	LANC	THS	JBSS	SENEA	ACOPY	AVOZ
SENEB		0.28	0.26	0.17	-0.27	-0.29	0.26	-0.31	0.0	SENEB
CENT	0.28		1.0	-0.04	0.07	-0.14	0.12	-0.67	0.0	CENT
CENTA	0.26	1.0		-0.07	0.12	-0.08	0.07	-0.65	0.0	CENTA
LANC	0.17	-0.04	-0.07		-0.46	-0.52	0.54	-0.31	0.0	LANC
THS	-0.27	0.07	0.12	-0.46		0.85	-0.69	0.43	0.0	THS
JBSS	-0.29	-0.14	-0.08	-0.52	0.85		-0.7	0.6	0.0	JBSS
SENEA	0.26	0.12	0.07	0.54	-0.69	-0.7		-0.45	0.0	SENEA
ACOPY	-0.31	-0.67	-0.65	-0.31	0.43	0.6	-0.45		0.0	ACOPY
AVOZ	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AVOZ
	SENEB	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

CENTA	+ 1.0	CENT
JBSS	+ 0.85	THS
ACOPY	+ 0.6	JBSS
SENEA	+ 0.54	LANC
ACOPY	+ 0.43	THS
CENT	+ 0.28	SENEB

High negative correlations

SENEA	- 0.7	JBSS
SENEA	- 0.69	THS
ACOPY	- 0.67	CENT
ACOPY	- 0.65	CENTA
JBSS	- 0.52	LANC
THS	- 0.46	LANC

Risk-Adjusted Indicators

There is a big difference between Beyond Stock performing well and Beyond Meat 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 Beyond Meat'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
SENEB	1.21	0.21	0.04	6.48	1.24	(2.03)	3.42	(2.64)	11.90
CENT	1.25	(0.12)	(0.09)	(0.01)	1.44	(1.42)	2.81	(2.33)	6.39
CENTA	1.25	(0.17)	0.00	(0.04)	0.00	0.00	2.74	(2.72)	6.82
LANC	1.18	0.02	0.01	0.14	1.54	(1.25)	3.43	(2.05)	9.59
THS	1.52	(0.33)	0.00	(0.23)	0.00	0.00	2.71	(2.61)	17.32
JBSS	1.11	(0.29)	0.00	(0.14)	0.00	0.00	1.74	(2.16)	12.01
SENEA	1.16	0.15	0.08	0.30	1.44	(1.31)	2.87	(1.85)	11.87
ACOPY	1.29	(0.14)	0.00	(0.04)	0.00	0.00	2.22	(4.23)	35.61
AVOZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Beyond Meat Corporate Management

Yi Luo	Corporate VP	Profile
Dariush Ajami	Chief Officer	Profile
Chad Peffer	Interim Officer	Profile
Drew Lufkin	Senior Sales	Profile
Margaret Trask	Chief Officer	Profile
Paul Sheppard	Vice Relations	Profile

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