Seneca Foods Correlations

SENEA Stock

USD 72.10 1.10 1.55%

The current 90-days correlation between Seneca Foods Corp and Central Garden Pet is 0.49 (i.e., Very weak diversification). The correlation of Seneca Foods 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.

Seneca Foods Correlation With Market

Very weak diversification

The correlation between Seneca Foods Corp and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seneca Foods Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seneca Foods Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Seneca Stock

0.81	FDP	Fresh Del Monte	Pair Corr
0.76	LSF	Laird Superfood	Pair Corr
0.75	SAM	Boston Beer	Pair Corr
0.81	TAP	Molson Coors Brewing	Pair Corr
0.93	TPB	Turning Point Brands	Pair Corr
0.8	UVV	Universal	Pair Corr
0.74	CALM	Cal Maine Foods	Pair Corr
0.63	K	Kellanova	Pair Corr
0.82	BJ	BJs Wholesale Club	Pair Corr

Moving against Seneca Stock

0.91	FMX	Fomento Economico	Pair Corr
0.78	BUD	Anheuser Busch Inbev	Pair Corr
0.76	GIS	General Mills	Pair Corr
0.68	ADM	Archer Daniels Midland	Pair Corr
0.68	OTLY	Oatly Group AB	Pair Corr
0.64	XXII	22nd Century Group	Pair Corr
0.61	ABEV	Ambev SA ADR	Pair Corr
0.57	LND	Brasilagro Adr	Pair Corr
0.5	BG	Bunge Limited	Pair Corr
0.5	DOLE	Dole PLC	Pair Corr
0.38	ISPR	Ispire Technology Common	Pair Corr
0.37	STZ	Constellation Brands	Pair Corr
0.35	ALCO	Alico Inc Earnings Call This Week	Pair Corr
0.31	BOF	BranchOut Food Common	Pair Corr
0.82	DTCK	Davis Commodities	Pair Corr
0.8	UG	United Guardian	Pair Corr
0.78	UL	Unilever PLC ADR	Pair Corr
0.74	KO	Coca Cola Aggressive Push	Pair Corr
0.71	BYND	Beyond Meat	Pair Corr
0.64	CL	Colgate Palmolive Sell-off Trend	Pair Corr
0.63	EL	Estee Lauder Companies	Pair Corr
0.63	FC	Franklin Covey	Pair Corr
0.59	BRBMF	Big Rock Brewery	Pair Corr
0.56	SNAX	Stryve Foods	Pair Corr

Related Correlations Analysis

	CENTA	CENT	NATR	ASBFF	JJSF	ARZTY	LWAY	JVA	LANC	THS
CENTA		1.0	0.49	-0.02	0.26	-0.09	-0.78	-0.23	0.06	0.02	CENTA
CENT	1.0		0.53	-0.09	0.27	-0.15	-0.75	-0.19	0.1	-0.04	CENT
NATR	0.49	0.53		-0.56	0.42	-0.69	-0.14	0.33	0.52	-0.7	NATR
ASBFF	-0.02	-0.09	-0.56		-0.28	0.79	-0.33	-0.57	-0.5	0.7	ASBFF
JJSF	0.26	0.27	0.42	-0.28		-0.08	0.12	0.35	0.64	-0.13	JJSF
ARZTY	-0.09	-0.15	-0.69	0.79	-0.08		-0.13	-0.43	-0.4	0.89	ARZTY
LWAY	-0.78	-0.75	-0.14	-0.33	0.12	-0.13		0.63	0.22	-0.18	LWAY
JVA	-0.23	-0.19	0.33	-0.57	0.35	-0.43	0.63		0.36	-0.38	JVA
LANC	0.06	0.1	0.52	-0.5	0.64	-0.4	0.22	0.36		-0.48	LANC
THS	0.02	-0.04	-0.7	0.7	-0.13	0.89	-0.18	-0.38	-0.48		THS
	CENTA	CENT	NATR	ASBFF	JJSF	ARZTY	LWAY	JVA	LANC	THS

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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

CENT	+ 1.0	CENTA
THS	+ 0.89	ARZTY
ARZTY	+ 0.79	ASBFF
THS	+ 0.7	ASBFF
LANC	+ 0.64	JJSF
JVA	+ 0.63	LWAY

High negative correlations

LWAY	- 0.78	CENTA
LWAY	- 0.75	CENT
THS	- 0.7	NATR
ARZTY	- 0.69	NATR
JVA	- 0.57	ASBFF
ASBFF	- 0.56	NATR

Risk-Adjusted Indicators

There is a big difference between Seneca Stock performing well and Seneca Foods 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 Seneca Foods' 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
CENTA	1.26	(0.15)	(0.09)	(0.01)	1.46	(1.38)	2.74	(2.72)	6.82
CENT	1.25	(0.10)	(0.08)	0.02	1.45	(1.40)	2.81	(2.33)	6.39
NATR	2.07	0.06	0.09	0.15	1.88	(2.52)	6.11	(2.99)	22.72
ASBFF	0.31	(0.14)	0.00	0.74	0.00	0.00	0.00	0.00	6.28
JJSF	0.97	(0.08)	(0.05)	0.06	1.18	(1.05)	2.12	(1.89)	9.61
ARZTY	0.63	(0.23)	0.00	(5.33)	0.00	0.00	0.00	0.00	14.15
LWAY	2.18	0.43	0.13	1.10	2.24	(2.63)	4.86	(5.06)	31.34
JVA	4.46	0.67	0.19	0.41	3.97	(5.68)	9.45	(7.80)	47.22
LANC	1.14	0.03	0.02	0.16	1.46	(1.24)	3.43	(2.03)	9.59
THS	1.53	(0.34)	0.00	(0.24)	0.00	0.00	2.71	(2.61)	17.32

Seneca Foods Corporate Executives

Elected by the shareholders, the Seneca Foods' board of directors comprises two types of representatives: Seneca Foods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Seneca. The board's role is to monitor Seneca Foods' management team and ensure that shareholders' interests are well served. Seneca Foods' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Seneca Foods' outside directors are responsible for providing unbiased perspectives on the board's policies.

Timothy Benjamin	CFO, Sr. VP and Treasurer	Profile
Michael Wolcott	Treasurer CFO	Profile
Paul Palmby	COO and Executive VP	Profile

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