Arcadia Biosciences Correlations

RKDA Stock

USD 3.15 0.15 4.55%

The current 90-days correlation between Arcadia Biosciences and Better Choice is 0.13 (i.e., Average diversification). The correlation of Arcadia Biosciences 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.

Arcadia Biosciences Correlation With Market

Modest diversification

The correlation between Arcadia Biosciences and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcadia Biosciences and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Arcadia Biosciences. 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.

For information on how to trade Arcadia Stock refer to our How to Trade Arcadia Stock guide.

Moving together with Arcadia Stock

0.73	EDBL	Edible Garden AG	Pair Corr
0.78	FAMI	Farmmi Inc	Pair Corr
0.83	FRPT	Freshpet	Pair Corr
0.87	LSF	Laird Superfood	Pair Corr
0.83	THS	Treehouse Foods	Pair Corr
0.86	HAIN	Hain Celestial	Pair Corr
0.75	JBSS	John B Sanfilippo	Pair Corr
0.71	JJSF	J J Snack	Pair Corr
0.64	SMPL	Simply Good Foods	Pair Corr
0.84	STKH	Steakholder Foods	Pair Corr
0.85	BTTR	Better Choice	Pair Corr
0.64	CVGW	Calavo Growers	Pair Corr
0.73	GO	Grocery Outlet Holding	Pair Corr
0.83	LW	Lamb Weston Holdings	Pair Corr

Moving against Arcadia Stock

0.94	K	Kellanova	Pair Corr
0.85	NOMD	Nomad Foods	Pair Corr
0.71	ABEV	Ambev SA ADR	Pair Corr
0.7	SENEB	Seneca Foods Corp	Pair Corr
0.65	PPC	Pilgrims Pride Corp	Pair Corr
0.65	SENEA	Seneca Foods Corp	Pair Corr
0.35	LANC	Lancaster Colony	Pair Corr
0.35	EDBLW	Edible Garden AG	Pair Corr
0.85	PM	Philip Morris Intern	Pair Corr
0.84	KO	Coca Cola	Pair Corr
0.84	YQ	17 Education Technology	Pair Corr
0.82	BJ	BJs Wholesale Club	Pair Corr
0.81	MO	Altria Group	Pair Corr
0.74	IH	Ihuman Inc	Pair Corr
0.66	KR	Kroger Company	Pair Corr
0.63	GV	Visionary Education	Pair Corr
0.51	DG	Dollar General	Pair Corr
0.51	YI	111 Inc	Pair Corr
0.51	DOLE	Dole PLC	Pair Corr
0.43	JZ	Jianzhi Education	Pair Corr
0.42	PG	Procter Gamble	Pair Corr
0.38	UL	Unilever PLC ADR	Pair Corr

Related Correlations Analysis

	YGF	BTTR	SNAX	FITSF	BTOG	SMFL	FAMI	LSF	PLAG
YGF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	YGF
BTTR	0.0		0.58	-0.15	0.78	0.0	0.79	0.79	0.76	BTTR
SNAX	0.0	0.58		0.25	0.71	0.0	0.72	0.34	0.42	SNAX
FITSF	0.0	-0.15	0.25		-0.01	0.0	-0.07	-0.43	-0.21	FITSF
BTOG	0.0	0.78	0.71	-0.01		0.0	0.78	0.69	0.68	BTOG
SMFL	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SMFL
FAMI	0.0	0.79	0.72	-0.07	0.78	0.0		0.7	0.79	FAMI
LSF	0.0	0.79	0.34	-0.43	0.69	0.0	0.7		0.74	LSF
PLAG	0.0	0.76	0.42	-0.21	0.68	0.0	0.79	0.74		PLAG
	YGF	BTTR	SNAX	FITSF	BTOG	SMFL	FAMI	LSF	PLAG

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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

FAMI	+ 0.79	BTTR
LSF	+ 0.79	BTTR
PLAG	+ 0.79	FAMI
BTOG	+ 0.78	BTTR
FAMI	+ 0.78	BTOG
PLAG	+ 0.76	BTTR

High negative correlations

LSF	- 0.43	FITSF
PLAG	- 0.21	FITSF
FITSF	- 0.15	BTTR
FAMI	- 0.07	FITSF
BTOG	- 0.01	FITSF
PLAG	- 0.0	SMFL

Risk-Adjusted Indicators

There is a big difference between Arcadia Stock performing well and Arcadia Biosciences 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 Arcadia Biosciences' 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
YGF	0.00	0.00	0.00	0.00	0.00	0.00
BTTR	3.58	(0.15)	(0.17)	5.33	(6.71)	30.68
SNAX	4.43	(0.05)	(0.10)	12.05	(7.50)	50.79
FITSF	163.68	81.72	(5.71)	81.82	(47.62)	1,422
BTOG	10.33	(0.44)	(0.52)	15.38	(22.58)	148.46
SMFL	0.00	0.00	0.00	0.00	0.00	0.00
FAMI	4.13	(0.91)	0.97	7.36	(8.39)	30.87
LSF	3.98	(0.17)	(0.16)	7.59	(9.10)	28.35
PLAG	4.01	(0.59)	10.68	8.95	(8.52)	22.70

Arcadia Biosciences Corporate Management

Belinda Yao	VP Operations	Profile
Brian Schaffer	Senior Sales	Profile
Kevin Hodges	VP Operations	Profile
Mark Kawakami	Chief Officer	Profile

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