Farmmi Correlations

FAMI Stock

USD 1.93 0.09 4.46%

The current 90-days correlation between Farmmi Inc and Bit Origin is 0.17 (i.e., Average diversification). The correlation of Farmmi 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.

Farmmi Correlation With Market

Good diversification

The correlation between Farmmi Inc and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Farmmi Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Farmmi Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Farmmi Stock

0.62	VITL	Vital Farms Sell-off Trend	Pair Corr
0.7	EDBL	Edible Garden AG	Pair Corr
0.85	BON	Bon Natural Life	Pair Corr
0.72	FRPT	Freshpet	Pair Corr
0.88	FTFT	Future Fintech Group	Pair Corr
0.71	LSF	Laird Superfood	Pair Corr
0.66	SAM	Boston Beer	Pair Corr

Moving against Farmmi Stock

0.85	CCU	Compania Cervecerias	Pair Corr
0.8	MO	Altria Group	Pair Corr
0.78	PM	Philip Morris Intern	Pair Corr
0.77	BTI	British American Tobacco Sell-off Trend	Pair Corr
0.76	BUD	Anheuser Busch Inbev	Pair Corr
0.73	K	Kellanova	Pair Corr
0.58	DOLE	Dole PLC	Pair Corr
0.52	FARM	Farmer Bros	Pair Corr
0.38	DDC	DDC Enterprise	Pair Corr
0.31	TR	Tootsie Roll Industries	Pair Corr
0.84	FMX	Fomento Economico	Pair Corr
0.65	MKC	McCormick Company Earnings Call This Week	Pair Corr
0.63	JVA	Coffee Holding	Pair Corr
0.56	TSN	Tyson Foods	Pair Corr
0.55	PPC	Pilgrims Pride Corp	Pair Corr
0.55	SEB	Seaboard	Pair Corr
0.45	KLG	WK Kellogg Downward Rally	Pair Corr
0.43	UVV	Universal	Pair Corr
0.36	TAP	Molson Coors Brewing	Pair Corr
0.32	RLX	RLX Technology	Pair Corr
0.32	SJM	JM Smucker	Pair Corr

Related Correlations Analysis

	BTOG	SMFL	BTTR	LSF	YGF	FREE	BSFC	RKDA	SNAX	FITSF
BTOG		0.0	0.77	0.7	0.0	0.0	0.0	0.89	0.71	0.18	BTOG
SMFL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SMFL
BTTR	0.77	0.0		0.79	0.0	0.0	0.0	0.85	0.54	0.0	BTTR
LSF	0.7	0.0	0.79		0.0	0.0	0.0	0.88	0.45	-0.3	LSF
YGF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	YGF
FREE	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FREE
BSFC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BSFC
RKDA	0.89	0.0	0.85	0.88	0.0	0.0	0.0		0.61	-0.07	RKDA
SNAX	0.71	0.0	0.54	0.45	0.0	0.0	0.0	0.61		0.16	SNAX
FITSF	0.18	0.0	0.0	-0.3	0.0	0.0	0.0	-0.07	0.16		FITSF
	BTOG	SMFL	BTTR	LSF	YGF	FREE	BSFC	RKDA	SNAX	FITSF

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

RKDA	+ 0.89	BTOG
RKDA	+ 0.88	LSF
RKDA	+ 0.85	BTTR
LSF	+ 0.79	BTTR
BTTR	+ 0.77	BTOG
SNAX	+ 0.71	BTOG

High negative correlations

FITSF	- 0.3	LSF
FITSF	- 0.07	RKDA
FITSF	- 0.0	BSFC
SNAX	- 0.0	BSFC
RKDA	- 0.0	BSFC
FITSF	- 0.0	FREE

Risk-Adjusted Indicators

There is a big difference between Farmmi Stock performing well and Farmmi 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 Farmmi'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BTOG	9.92	(0.45)	(0.47)	14.81	(22.58)	148.46
SMFL	0.00	0.00	0.00	0.00	0.00	0.00
BTTR	3.66	(0.25)	(0.30)	5.56	(6.71)	30.68
LSF	3.82	(0.33)	(0.30)	7.59	(9.10)	28.35
YGF	0.00	0.00	0.00	0.00	0.00	0.00
FREE	0.00	0.00	0.00	0.00	0.00	0.00
BSFC	0.00	0.00	0.00	0.00	0.00	0.00
RKDA	2.78	(0.83)	(0.99)	4.49	(6.87)	26.92
SNAX	4.43	0.01	(0.09)	12.05	(7.50)	50.79
FITSF	58.16	29.73	0.72	5.00	(47.62)	1,414

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