Fresh Del Correlations

FDP Stock

USD 29.65 0.28 0.94%

The current 90-days correlation between Fresh Del Monte and Adecoagro SA is 0.03 (i.e., Significant diversification). The correlation of Fresh Del 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.

Fresh Del Correlation With Market

Good diversification

The correlation between Fresh Del Monte and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fresh Del Monte 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 Fresh Del Monte. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Fresh Stock

0.73	CAG	ConAgra Foods	Pair Corr
0.68	CPB	Campbell Soup	Pair Corr
0.9	FLO	Flowers Foods	Pair Corr
0.87	HRL	Hormel Foods	Pair Corr
0.93	SAM	Boston Beer	Pair Corr
0.89	STZ	Constellation Brands	Pair Corr
0.66	XXII	22nd Century Group Earnings Call This Week	Pair Corr
0.8	INGR	Ingredion Incorporated	Pair Corr
0.72	JBSS	John B Sanfilippo	Pair Corr
0.7	LWAY	Lifeway Foods	Pair Corr
0.66	OTLY	Oatly Group AB	Pair Corr
0.85	RKDA	Arcadia Biosciences Earnings Call This Week	Pair Corr
0.75	RMCF	Rocky Mountain Chocolate	Pair Corr
0.9	BRFS	BRF SA ADR	Pair Corr
0.62	BRID	Bridgford Foods	Pair Corr
0.66	BG	Bunge Limited	Pair Corr

Moving against Fresh Stock

0.88	K	Kellanova	Pair Corr
0.72	PM	Philip Morris Intern	Pair Corr
0.68	CCU	Compania Cervecerias	Pair Corr
0.61	BTI	British American Tobacco	Pair Corr
0.59	JVA	Coffee Holding	Pair Corr
0.56	PAVS	Paranovus Entertainment	Pair Corr
0.51	FMX	Fomento Economico	Pair Corr
0.45	BUD	Anheuser Busch Inbev	Pair Corr
0.43	BOF	BranchOut Food Common	Pair Corr
0.37	TPB	Turning Point Brands	Pair Corr
0.86	WVVI	Willamette Valley Earnings Call This Week	Pair Corr
0.82	YQ	17 Education Technology	Pair Corr
0.71	BRLSW	Borealis Foods	Pair Corr
0.65	KO	Coca Cola	Pair Corr
0.64	BJ	BJs Wholesale Club	Pair Corr
0.61	UG	United Guardian	Pair Corr
0.56	FARM	Farmer Bros	Pair Corr
0.44	KR	Kroger Company	Pair Corr
0.44	MO	Altria Group	Pair Corr

Related Correlations Analysis

	ALCO	SANW	AGRO	LND	LMNR	TSN	AFRI	DOLE	BG	ADM
ALCO		0.61	-0.1	0.38	-0.43	-0.31	-0.29	-0.33	-0.31	-0.2	ALCO
SANW	0.61		-0.42	0.29	-0.11	-0.45	0.1	-0.39	0.02	0.14	SANW
AGRO	-0.1	-0.42		-0.01	-0.4	0.83	-0.68	0.67	-0.18	-0.28	AGRO
LND	0.38	0.29	-0.01		-0.08	-0.05	-0.09	0.15	-0.03	0.04	LND
LMNR	-0.43	-0.11	-0.4	-0.08		-0.33	0.85	-0.19	0.49	0.49	LMNR
TSN	-0.31	-0.45	0.83	-0.05	-0.33		-0.64	0.87	-0.24	-0.3	TSN
AFRI	-0.29	0.1	-0.68	-0.09	0.85	-0.64		-0.55	0.48	0.49	AFRI
DOLE	-0.33	-0.39	0.67	0.15	-0.19	0.87	-0.55		-0.13	-0.17	DOLE
BG	-0.31	0.02	-0.18	-0.03	0.49	-0.24	0.48	-0.13		0.94	BG
ADM	-0.2	0.14	-0.28	0.04	0.49	-0.3	0.49	-0.17	0.94		ADM
	ALCO	SANW	AGRO	LND	LMNR	TSN	AFRI	DOLE	BG	ADM

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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

ADM	+ 0.94	BG
DOLE	+ 0.87	TSN
AFRI	+ 0.85	LMNR
TSN	+ 0.83	AGRO
DOLE	+ 0.67	AGRO
SANW	+ 0.61	ALCO

High negative correlations

AFRI	- 0.68	AGRO
AFRI	- 0.64	TSN
DOLE	- 0.55	AFRI
TSN	- 0.45	SANW
LMNR	- 0.43	ALCO
AGRO	- 0.42	SANW

Risk-Adjusted Indicators

There is a big difference between Fresh Stock performing well and Fresh Del 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 Fresh Del'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
ALCO	1.66	0.17	0.16	(1.25)	1.45	(2.28)	3.50	(2.67)	23.20
SANW	4.25	0.79	0.19	0.73	3.47	(5.75)	10.53	(6.45)	42.09
AGRO	1.16	(0.01)	0.05	0.02	1.40	(1.29)	1.61	(2.18)	14.34
LND	1.23	0.00	0.05	(0.08)	1.62	(1.29)	2.77	(3.23)	6.11
LMNR	1.69	(0.70)	0.00	0.59	0.00	0.00	2.61	(4.40)	16.69
TSN	1.01	0.01	0.05	(0.04)	1.23	(1.07)	2.25	(2.15)	5.57
AFRI	1.06	(0.22)	0.00	(0.53)	0.00	0.00	2.66	(2.00)	11.21
DOLE	1.17	(0.03)	0.00	0.60	0.00	0.00	2.02	(2.81)	7.49
BG	1.21	(0.15)	0.00	(0.72)	0.00	0.00	1.92	(2.49)	11.84
ADM	1.35	(0.17)	0.00	1.07	0.00	0.00	2.87	(3.21)	8.83

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