Kraft Heinz Correlations

KHC Stock

USD 29.84 0.13 0.44%

The current 90-days correlation between Kraft Heinz and General Mills is 0.85 (i.e., Very poor diversification). The correlation of Kraft Heinz 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.

Kraft Heinz Correlation With Market

Average diversification

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

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kraft Heinz Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Kraft Stock

0.66	BUD	Anheuser Busch Inbev Sell-off Trend	Pair Corr
0.9	CL	Colgate Palmolive	Pair Corr
0.74	DG	Dollar General	Pair Corr
0.66	MO	Altria Group	Pair Corr
0.69	PG	Procter Gamble	Pair Corr
0.8	TR	Tootsie Roll Industries	Pair Corr
0.65	YI	111 Inc	Pair Corr
0.74	DOLE	Dole PLC	Pair Corr

Moving against Kraft Stock

0.55	UG	United Guardian	Pair Corr
0.48	ABVE	Above Food Ingredients Symbol Change	Pair Corr
0.43	BOF	BranchOut Food Common	Pair Corr
0.39	GO	Grocery Outlet Holding	Pair Corr
0.36	DNUT	Krispy Kreme	Pair Corr
0.52	VINE	Fresh Grapes LLC	Pair Corr
0.52	VITL	Vital Farms Sell-off Trend	Pair Corr
0.51	EWCZ	European Wax Center	Pair Corr
0.47	AQB	AquaBounty Technologies	Pair Corr
0.46	EEIQ	Elite Education Group	Pair Corr
0.41	EDBL	Edible Garden AG	Pair Corr

Related Correlations Analysis

	GIS	CPB	CAG	HRL	K	MKC	LW	SJM
GIS		0.92	0.92	0.75	-0.42	0.41	0.54	0.76	GIS
CPB	0.92		0.86	0.69	-0.44	0.35	0.51	0.72	CPB
CAG	0.92	0.86		0.8	-0.49	0.23	0.54	0.71	CAG
HRL	0.75	0.69	0.8		-0.75	-0.12	0.79	0.31	HRL
K	-0.42	-0.44	-0.49	-0.75		0.52	-0.85	0.15	K
MKC	0.41	0.35	0.23	-0.12	0.52		-0.3	0.8	MKC
LW	0.54	0.51	0.54	0.79	-0.85	-0.3		0.0	LW
SJM	0.76	0.72	0.71	0.31	0.15	0.8	0.0		SJM
	GIS	CPB	CAG	HRL	K	MKC	LW	SJM

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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

CPB	+ 0.92	GIS
CAG	+ 0.92	GIS
CAG	+ 0.86	CPB
HRL	+ 0.8	CAG
SJM	+ 0.8	MKC
LW	+ 0.79	HRL

High negative correlations

LW	- 0.85	K
K	- 0.75	HRL
K	- 0.49	CAG
K	- 0.44	CPB
K	- 0.42	GIS
LW	- 0.3	MKC

Risk-Adjusted Indicators

There is a big difference between Kraft Stock performing well and Kraft Heinz 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 Kraft Heinz'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
GIS	1.34	(0.12)	0.00	(0.78)	0.00	0.00	2.32	(3.69)	8.21
CPB	1.38	(0.15)	0.00	(1.08)	0.00	0.00	2.59	(3.45)	10.02
CAG	1.33	(0.08)	0.00	3.11	0.00	0.00	2.32	(2.84)	8.53
HRL	1.07	(0.14)	0.00	(1.17)	0.00	0.00	2.77	(2.19)	6.26
K	0.14	0.03	0.61	(0.58)	0.00	(0.16)	0.34	(0.27)	0.80
MKC	1.13	0.03	0.06	0.03	1.45	(1.19)	2.56	(2.27)	6.80
LW	2.10	(0.44)	0.00	(1.30)	0.00	0.00	4.35	(4.99)	26.89
SJM	1.30	(0.01)	0.00	(0.15)	0.00	0.00	2.60	(2.83)	8.11

Kraft Heinz Corporate Management

Angel JD	Global VP	Profile
Robert Gorski	Executive Chain	Profile
Chris Asher	Acting Controller	Profile
Yang Xu	Sr Devel	Profile

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