Farmmi Correlations

FAMI Stock

USD 0.24 0.02 8.31%

The current 90-days correlation between Farmmi Inc and Bit Origin is 0.24 (i.e., Modest 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

Very good diversification

The correlation between Farmmi Inc and DJI is -0.28 (i.e., Very 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

0.64

JBSS

John B Sanfilippo

Pair Corr

Moving against Farmmi Stock

0.63	BTI	British American Tobacco	Pair Corr
0.61	PM	Philip Morris Intern	Pair Corr
0.6	TPB	Turning Point Brands Earnings Call Tomorrow	Pair Corr
0.56	BOF	BranchOut Food Common	Pair Corr
0.53	CCU	Compania Cervecerias	Pair Corr
0.52	FMX	Fomento Economico	Pair Corr
0.38	K	Kellanova Earnings Call This Week	Pair Corr
0.58	BJ	BJs Wholesale Club Earnings Call Next Week	Pair Corr
0.53	KO	Coca Cola Aggressive Push	Pair Corr
0.5	KR	Kroger Company	Pair Corr
0.35	PG	Procter Gamble	Pair Corr
0.63	VSTA	Vasta Platform	Pair Corr
0.58	YQ	17 Education Technology	Pair Corr
0.57	BRLSW	Borealis Foods	Pair Corr
0.53	UG	United Guardian	Pair Corr
0.34	WAFU	Wah Fu Education Buyout Trend	Pair Corr
0.33	EWCZ	European Wax Center	Pair Corr

Related Correlations Analysis

	BTOG	SMFL	BTTR	LSF	YGF	FREE	BSFC	RKDA	SNAX	FITSF
BTOG		0.0	-0.12	0.78	0.0	0.0	0.0	-0.39	0.61	0.0	BTOG
SMFL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SMFL
BTTR	-0.12	0.0		-0.03	0.0	0.0	0.0	0.67	-0.1	0.4	BTTR
LSF	0.78	0.0	-0.03		0.0	0.0	0.0	-0.32	0.7	-0.22	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	-0.39	0.0	0.67	-0.32	0.0	0.0	0.0		-0.21	0.36	RKDA
SNAX	0.61	0.0	-0.1	0.7	0.0	0.0	0.0	-0.21		-0.15	SNAX
FITSF	0.0	0.0	0.4	-0.22	0.0	0.0	0.0	0.36	-0.15		FITSF
	BTOG	SMFL	BTTR	LSF	YGF	FREE	BSFC	RKDA	SNAX	FITSF

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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

LSF	+ 0.78	BTOG
SNAX	+ 0.7	LSF
RKDA	+ 0.67	BTTR
SNAX	+ 0.61	BTOG
FITSF	+ 0.4	BTTR
FITSF	+ 0.36	RKDA

High negative correlations

RKDA	- 0.39	BTOG
RKDA	- 0.32	LSF
FITSF	- 0.22	LSF
SNAX	- 0.21	RKDA
FITSF	- 0.15	SNAX
BTTR	- 0.12	BTOG

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BTOG	5.05	(1.68)	0.00	(3.47)	0.00	0.00	8.89	(11.86)	35.98
SMFL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTTR	3.88	0.14	0.03	0.08	4.85	(4.27)	9.20	(6.86)	30.68
LSF	3.40	(0.23)	0.00	(0.16)	0.00	0.00	7.59	(7.02)	20.90
YGF	0.00	0.00	0.00	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	0.00	0.00	0.00
BSFC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RKDA	4.61	1.02	0.21	(3.33)	4.15	(7.63)	5.96	(5.82)	122.81
SNAX	4.43	(0.14)	0.00	0.25	0.00	0.00	12.05	(7.50)	50.79
FITSF	49.88	22.82	0.00	0.79	0.00	0.00	5.00	0.00	1,414

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