Swift Foods Correlations

SFI Stock

0.06 0 1.79%

The current 90-days correlation between Swift Foods and Century Pacific Food is 0.04 (i.e., Significant diversification). The correlation of Swift 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.

Swift Foods Correlation With Market

Significant diversification

The correlation between Swift Foods and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swift Foods and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Swift Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Swift Foods when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Swift Foods - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Swift Foods to buy it.

Moving against Swift Stock

0.51	ABG	Asiabest Group Inter	Pair Corr
0.37	RFM	RFM Corp	Pair Corr
0.36	VREIT	VistaREIT	Pair Corr
0.36	ECP	Easycall Communications	Pair Corr

Related Correlations Analysis

	CNPF	RFM	AXLM	SFI	DDMPR	MRSGI	VREIT	ECP	PNB
CNPF		0.65	-0.35	-0.09	0.24	0.42	0.54	0.16	-0.26	CNPF
RFM	0.65		-0.47	-0.37	0.02	0.19	0.43	0.22	-0.24	RFM
AXLM	-0.35	-0.47		0.21	0.6	0.31	-0.19	-0.46	0.44	AXLM
SFI	-0.09	-0.37	0.21		0.32	0.06	-0.36	-0.36	0.31	SFI
DDMPR	0.24	0.02	0.6	0.32		0.55	0.07	-0.42	0.31	DDMPR
MRSGI	0.42	0.19	0.31	0.06	0.55		0.07	-0.15	0.11	MRSGI
VREIT	0.54	0.43	-0.19	-0.36	0.07	0.07		0.25	-0.48	VREIT
ECP	0.16	0.22	-0.46	-0.36	-0.42	-0.15	0.25		-0.23	ECP
PNB	-0.26	-0.24	0.44	0.31	0.31	0.11	-0.48	-0.23		PNB
	CNPF	RFM	AXLM	SFI	DDMPR	MRSGI	VREIT	ECP	PNB

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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

RFM	+ 0.65	CNPF
DDMPR	+ 0.6	AXLM
MRSGI	+ 0.55	DDMPR
VREIT	+ 0.54	CNPF
PNB	+ 0.44	AXLM
VREIT	+ 0.43	RFM

High negative correlations

PNB	- 0.48	VREIT
AXLM	- 0.47	RFM
ECP	- 0.46	AXLM
ECP	- 0.42	DDMPR
SFI	- 0.37	RFM
ECP	- 0.36	SFI

Risk-Adjusted Indicators

There is a big difference between Swift Stock performing well and Swift 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 Swift 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
CNPF	1.34	0.14	0.06	0.55	1.73	(1.46)	3.00	(2.53)	11.57
RFM	0.82	0.09	0.04	(0.42)	0.97	(1.18)	2.37	(2.19)	5.27
AXLM	2.27	0.22	0.08	1.74	2.13	(3.35)	6.12	(4.00)	18.35
SFI	2.88	(0.01)	0.00	0.00	3.69	(5.28)	6.00	(7.27)	34.20
DDMPR	0.81	0.07	0.03	(0.76)	0.85	(1.24)	1.98	(1.92)	4.00
MRSGI	0.95	0.03	0.01	0.24	1.11	(1.53)	2.56	(1.67)	7.61
VREIT	0.71	0.12	0.07	(0.43)	0.72	(0.99)	1.71	(1.62)	6.50
ECP	8.65	1.17	0.09	(0.37)	9.40	(10.51)	25.00	(18.42)	70.00
PNB	1.33	0.17	0.09	(0.45)	1.35	(1.58)	2.44	(2.36)	16.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Swift Foods without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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