Seneca Foods Correlations

SENEB Stock

USD 90.70 4.91 5.72%

The current 90-days correlation between Seneca Foods Corp and J J Snack is -0.23 (i.e., Very good 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

Average diversification

The correlation between Seneca Foods Corp and DJI is 0.12 (i.e., Average 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

0.71	K	Kellanova	Pair Corr
0.63	CCU	Compania Cervecerias	Pair Corr

Moving against Seneca Stock

0.83	LW	Lamb Weston Holdings	Pair Corr
0.76	FDP	Fresh Del Monte	Pair Corr
0.72	FLO	Flowers Foods	Pair Corr
0.66	HRL	Hormel Foods	Pair Corr
0.62	BON	Bon Natural Life	Pair Corr
0.56	ADM	Archer Daniels Midland	Pair Corr
0.55	BG	Bunge Limited	Pair Corr
0.55	FRPT	Freshpet	Pair Corr
0.54	FAMI	Farmmi Inc	Pair Corr
0.54	GIS	General Mills	Pair Corr
0.53	CPB	Campbell Soup	Pair Corr
0.53	FTFT	Future Fintech Group	Pair Corr
0.5	CAG	ConAgra Foods	Pair Corr
0.46	VITL	Vital Farms	Pair Corr
0.32	EDBL	Edible Garden AG	Pair Corr
0.8	HAIN	Hain Celestial	Pair Corr
0.8	ISPR	Ispire Technology Common	Pair Corr
0.76	UTZ	Utz Brands	Pair Corr
0.75	SAM	Boston Beer	Pair Corr
0.71	JJSF	J J Snack	Pair Corr
0.71	LMNR	Limoneira	Pair Corr
0.65	LSF	Laird Superfood	Pair Corr
0.65	INGR	Ingredion Incorporated	Pair Corr
0.64	STZ	Constellation Brands	Pair Corr

Related Correlations Analysis

	BRID	JJSF	CENT	CENTA	MKC-V	NATR	SENEA	LWAY	LFVN	CIADF
BRID		0.62	0.27	0.1	-0.3	0.63	-0.35	0.33	0.07	0.0	BRID
JJSF	0.62		0.53	0.41	-0.2	0.59	-0.2	0.52	-0.1	0.0	JJSF
CENT	0.27	0.53		0.92	-0.1	0.63	-0.16	0.41	-0.19	0.0	CENT
CENTA	0.1	0.41	0.92		0.24	0.45	0.2	0.22	-0.48	0.0	CENTA
MKC-V	-0.3	-0.2	-0.1	0.24		-0.2	0.8	-0.47	-0.76	0.0	MKC-V
NATR	0.63	0.59	0.63	0.45	-0.2		-0.4	0.29	0.08	0.0	NATR
SENEA	-0.35	-0.2	-0.16	0.2	0.8	-0.4		-0.43	-0.78	0.0	SENEA
LWAY	0.33	0.52	0.41	0.22	-0.47	0.29	-0.43		0.18	0.0	LWAY
LFVN	0.07	-0.1	-0.19	-0.48	-0.76	0.08	-0.78	0.18		0.0	LFVN
CIADF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CIADF
	BRID	JJSF	CENT	CENTA	MKC-V	NATR	SENEA	LWAY	LFVN	CIADF

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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

CENTA	+ 0.92	CENT
SENEA	+ 0.8	MKC-V
NATR	+ 0.63	BRID
NATR	+ 0.63	CENT
JJSF	+ 0.62	BRID
NATR	+ 0.59	JJSF

High negative correlations

LFVN	- 0.78	SENEA
LFVN	- 0.76	MKC-V
LFVN	- 0.48	CENTA
LWAY	- 0.47	MKC-V
LWAY	- 0.43	SENEA
SENEA	- 0.4	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
BRID	1.23	(0.15)	0.00	(2.51)	0.00	0.00	2.44	(2.85)	7.40
JJSF	1.23	(0.41)	0.00	16.69	0.00	0.00	2.51	(3.31)	9.16
CENT	1.66	(0.25)	0.00	(0.96)	0.00	0.00	3.02	(4.24)	14.60
CENTA	1.57	(0.17)	0.00	(0.66)	0.00	0.00	2.53	(3.89)	11.78
MKC-V	1.24	0.03	0.05	0.08	1.57	(1.23)	2.41	(2.10)	6.49
NATR	1.62	(0.29)	0.00	(0.50)	0.00	0.00	3.43	(3.38)	12.09
SENEA	1.32	0.17	0.12	0.27	1.52	(1.42)	3.55	(2.43)	8.12
LWAY	1.60	0.03	0.00	(0.02)	0.00	0.00	3.56	(3.29)	16.44
LFVN	3.95	0.13	0.03	0.25	5.06	(4.06)	11.37	(7.55)	37.87
CIADF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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