Mondelez International Correlations

MDLZ Stock

USD 64.95 0.11 0.17%

The current 90-days correlation between Mondelez International and Campbell Soup is 0.2 (i.e., Modest diversification). The correlation of Mondelez International 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.

Mondelez International Correlation With Market

Good diversification

The correlation between Mondelez International and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mondelez International 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 Mondelez International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Mondelez Stock please use our How to Invest in Mondelez International guide.

Moving together with Mondelez Stock

0.72	BG	Bunge Limited	Pair Corr
0.88	ADM	Archer Daniels Midland	Pair Corr
0.85	BUD	Anheuser Busch Inbev	Pair Corr
0.86	FMX	Fomento Economico	Pair Corr
0.97	GIS	General Mills	Pair Corr
0.78	LND	Brasilagro Adr	Pair Corr
0.72	STZ	Constellation Brands	Pair Corr
0.76	XXII	22nd Century Group	Pair Corr
0.84	OTLY	Oatly Group AB	Pair Corr
0.75	ABEV	Ambev SA ADR	Pair Corr
0.62	ALCO	Alico Inc Earnings Call This Week	Pair Corr
0.71	SNAX	Stryve Foods	Pair Corr
0.66	BTOG	Bit Origin	Pair Corr
0.75	BYND	Beyond Meat	Pair Corr
0.86	CL	Colgate Palmolive Sell-off Trend	Pair Corr
0.78	EL	Estee Lauder Companies	Pair Corr

Moving against Mondelez Stock

0.93	LSF	Laird Superfood	Pair Corr
0.92	TPB	Turning Point Brands	Pair Corr
0.86	FDP	Fresh Del Monte	Pair Corr
0.86	SAM	Boston Beer	Pair Corr
0.76	TAP	Molson Coors Brewing	Pair Corr
0.66	UVV	Universal	Pair Corr
0.61	PM	Philip Morris Intern	Pair Corr
0.48	PAVS	Paranovus Entertainment	Pair Corr
0.43	LMNR	Limoneira Fiscal Year End 19th of December 2024	Pair Corr
0.84	CALM	Cal Maine Foods	Pair Corr
0.82	LW	Lamb Weston Holdings	Pair Corr
0.8	BJ	BJs Wholesale Club	Pair Corr
0.79	KR	Kroger Company Earnings Call This Week	Pair Corr
0.7	MO	Altria Group	Pair Corr
0.6	JZ	Jianzhi Education	Pair Corr
0.6	BRCNF	Burcon NutraScience Corp	Pair Corr
0.52	K	Kellanova	Pair Corr
0.47	GO	Grocery Outlet Holding	Pair Corr

Related Correlations Analysis

	CPB	CAG	HRL	K	MKC	LW	SJM
CPB		0.94	0.7	-0.57	0.88	-0.84	0.69	CPB
CAG	0.94		0.64	-0.55	0.9	-0.84	0.66	CAG
HRL	0.7	0.64		-0.23	0.64	-0.57	0.69	HRL
K	-0.57	-0.55	-0.23		-0.39	0.73	-0.04	K
MKC	0.88	0.9	0.64	-0.39		-0.81	0.79	MKC
LW	-0.84	-0.84	-0.57	0.73	-0.81		-0.54	LW
SJM	0.69	0.66	0.69	-0.04	0.79	-0.54		SJM
	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

CAG	+ 0.94	CPB
MKC	+ 0.9	CAG
MKC	+ 0.88	CPB
SJM	+ 0.79	MKC
LW	+ 0.73	K
HRL	+ 0.7	CPB

High negative correlations

LW	- 0.84	CAG
LW	- 0.84	CPB
LW	- 0.81	MKC
LW	- 0.57	HRL
K	- 0.57	CPB
K	- 0.55	CAG

Risk-Adjusted Indicators

There is a big difference between Mondelez Stock performing well and Mondelez International 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 Mondelez International'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
CPB	0.97	(0.15)	0.00	(0.52)	0.00	0.00	1.48	(2.42)	7.11
CAG	0.92	(0.21)	0.00	(1.09)	0.00	0.00	1.71	(2.67)	10.38
HRL	0.97	0.00	(0.07)	0.16	1.64	(0.97)	1.83	(2.70)	8.25
K	0.14	0.01	(0.61)	0.21	0.05	(0.16)	0.37	(0.35)	0.93
MKC	0.85	(0.01)	0.00	0.29	0.00	0.00	1.47	(1.43)	4.93
LW	1.05	0.32	0.15	0.91	1.20	(1.22)	2.57	(2.18)	16.32
SJM	0.99	0.04	(0.07)	0.57	1.03	(1.15)	2.38	(1.72)	7.43

Mondelez International Corporate Management

Mohit Bhalla	Vice Development	Profile
Stephanie Lilak	Executive Officer	Profile
Laura JD	Executive Counsel	Profile
Louise Stigant	Managing UK	Profile
Shep Dunlap	Vice Relations	Profile
Javier Polit	Chief Officer	Profile

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