JM Smucker Correlations

SJM Stock

USD 110.16 0.71 0.64%

The current 90-days correlation between JM Smucker and ConAgra Foods is 0.82 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JM Smucker moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JM Smucker moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

JM Smucker Correlation With Market

Significant diversification

The correlation between JM Smucker and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JM Smucker 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 JM Smucker. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

To learn how to invest in SJM Stock, please use our How to Invest in JM Smucker guide.

Moving together with SJM Stock

0.7	MO	Altria Group	Pair Corr
0.81	TR	Tootsie Roll Industries	Pair Corr
0.74	DOLE	Dole PLC	Pair Corr
0.84	BGS	BG Foods	Pair Corr
0.68	BUD	Anheuser Busch Inbev	Pair Corr
0.72	CAG	ConAgra Foods	Pair Corr
0.74	CPB	Campbell Soup	Pair Corr
0.79	GIS	General Mills	Pair Corr
0.88	HSY	Hershey	Pair Corr
0.96	KHC	Kraft Heinz	Pair Corr
0.81	KLG	WK Kellogg Downward Rally	Pair Corr
0.8	MKC	McCormick Company Earnings Call This Week	Pair Corr

Moving against SJM Stock

0.57	DAR	Darling Ingredients	Pair Corr
0.57	FRPT	Freshpet	Pair Corr
0.56	VITL	Vital Farms Sell-off Trend	Pair Corr
0.44	EDBL	Edible Garden AG	Pair Corr
0.4	BOF	BranchOut Food Common	Pair Corr
0.32	FAMI	Farmmi Inc	Pair Corr
0.36	THS	Treehouse Foods	Pair Corr

Related Correlations Analysis

	CAG	K	GIS	HRL	CPB	MKC	KHC	LW
CAG		-0.52	0.93	0.8	0.87	0.25	0.68	0.57	CAG
K	-0.52		-0.44	-0.77	-0.46	0.48	0.14	-0.87	K
GIS	0.93	-0.44		0.77	0.93	0.44	0.78	0.56	GIS
HRL	0.8	-0.77	0.77		0.72	-0.07	0.34	0.81	HRL
CPB	0.87	-0.46	0.93	0.72		0.39	0.77	0.54	CPB
MKC	0.25	0.48	0.44	-0.07	0.39		0.8	-0.25	MKC
KHC	0.68	0.14	0.78	0.34	0.77	0.8		0.04	KHC
LW	0.57	-0.87	0.56	0.81	0.54	-0.25	0.04		LW
	CAG	K	GIS	HRL	CPB	MKC	KHC	LW

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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

GIS	+ 0.93	CAG
CPB	+ 0.93	GIS
CPB	+ 0.87	CAG
LW	+ 0.81	HRL
HRL	+ 0.8	CAG
KHC	+ 0.8	MKC

High negative correlations

LW	- 0.87	K
HRL	- 0.77	K
K	- 0.52	CAG
CPB	- 0.46	K
GIS	- 0.44	K
LW	- 0.25	MKC

Risk-Adjusted Indicators

There is a big difference between SJM Stock performing well and JM Smucker 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 JM Smucker'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
CAG	1.33	(0.08)	0.00	4.87	0.00	0.00	2.32	(2.84)	8.53
K	0.14	0.03	0.73	1.18	0.00	(0.16)	0.34	(0.27)	0.80
GIS	1.32	(0.10)	0.00	(0.53)	0.00	0.00	2.32	(3.69)	8.21
HRL	1.08	(0.14)	0.00	(1.08)	0.00	0.00	2.77	(2.19)	6.26
CPB	1.39	(0.15)	0.00	(0.97)	0.00	0.00	2.59	(3.45)	10.02
MKC	1.14	0.03	0.06	(0.01)	1.44	(1.22)	2.56	(2.27)	6.80
KHC	1.27	(0.01)	0.00	(0.12)	0.00	0.00	2.23	(3.25)	7.69
LW	2.10	(0.44)	0.00	(1.30)	0.00	0.00	4.35	(4.99)	26.89

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