Sovos Brands Correlations

Summary

SOVODelisted Stock

USD 18.62 0.16 0.85%

The current 90-days correlation between Sovos Brands and Seneca Foods Corp is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sovos Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sovos Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sovos Brands Correlation With Market

Average diversification

The correlation between Sovos Brands and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sovos Brands and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sovos Stock

0.65	PYPL	PayPal Holdings	Pair Corr
0.75	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.71	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.68	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Sovos Stock

0.81	AFFL	Affiliated Resources Corp	Pair Corr
0.74	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.59	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.56	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.44	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.36	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.36	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	SENEB	JJSF	SMPL	CENTA	NATR	CENT	MKC-V	SENEA	LANC	BRID
SENEB		0.25	0.45	0.42	0.44	0.41	-0.06	0.44	0.47	0.29	SENEB
JJSF	0.25		0.27	0.36	0.36	0.34	-0.09	0.15	0.54	-0.01	JJSF
SMPL	0.45	0.27		0.8	0.91	0.83	-0.34	0.92	0.61	0.56	SMPL
CENTA	0.42	0.36	0.8		0.77	1.0	0.06	0.8	0.57	0.71	CENTA
NATR	0.44	0.36	0.91	0.77		0.79	-0.42	0.82	0.58	0.42	NATR
CENT	0.41	0.34	0.83	1.0	0.79		0.03	0.83	0.58	0.72	CENT
MKC-V	-0.06	-0.09	-0.34	0.06	-0.42	0.03		-0.24	-0.31	0.32	MKC-V
SENEA	0.44	0.15	0.92	0.8	0.82	0.83	-0.24		0.6	0.72	SENEA
LANC	0.47	0.54	0.61	0.57	0.58	0.58	-0.31	0.6		0.44	LANC
BRID	0.29	-0.01	0.56	0.71	0.42	0.72	0.32	0.72	0.44		BRID
	SENEB	JJSF	SMPL	CENTA	NATR	CENT	MKC-V	SENEA	LANC	BRID

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
SENEA	+ 0.92	SMPL
NATR	+ 0.91	SMPL
CENT	+ 0.83	SMPL
SENEA	+ 0.83	CENT
SENEA	+ 0.82	NATR

High negative correlations

MKC-V	- 0.42	NATR
MKC-V	- 0.34	SMPL
LANC	- 0.31	MKC-V
SENEA	- 0.24	MKC-V
MKC-V	- 0.09	JJSF
MKC-V	- 0.06	SENEB

Risk-Adjusted Indicators

There is a big difference between Sovos Stock performing well and Sovos Brands 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 Sovos Brands' 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
SENEB	1.33	0.23	0.09	1.43	1.34	(2.22)	4.02	(2.64)	15.63
JJSF	0.95	(0.01)	(0.02)	(0.02)	1.20	(1.02)	2.12	(1.32)	9.60
SMPL	0.98	0.22	0.18	0.34	0.89	(1.10)	2.91	(1.69)	5.18
CENTA	1.42	0.16	0.10	2.72	1.37	(1.68)	3.05	(2.72)	6.82
NATR	2.01	0.23	0.10	(1.05)	1.90	(2.36)	3.85	(2.99)	22.72
CENT	1.38	0.18	0.11	1.84	1.36	(1.66)	2.82	(2.33)	6.39
MKC-V	0.98	(0.09)	0.00	3.88	0.00	0.00	2.22	(2.75)	5.41
SENEA	1.33	0.36	0.19	1.34	1.45	(1.52)	3.12	(2.32)	11.87
LANC	1.28	0.09	0.04	0.25	1.66	(1.39)	3.28	(2.27)	8.36
BRID	1.56	0.17	0.08	0.59	1.66	(1.84)	4.28	(2.81)	10.14

Sovos Brands Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sovos Brands stock to make a market-neutral strategy. Peer analysis of Sovos Brands could also be used in its relative valuation, which is a method of valuing Sovos Brands by comparing valuation metrics with similar companies.

Seneca Foods Corp J J Snack Simply Good Foods Central Garden Pet Natures Sunshine Products Central Garden Pet McCormick Company Incorporated Seneca Foods Corp Lancaster Colony Bridgford Foods The Hain Celestial Treehouse Foods John B Sanfilippo American Airlines Group Alcoa Corp

Risk & Return

Correlation

Sovos Brands Corporate Management

Lisa ODriscoll	Chief Officer	Profile
Jason Parasco	VP Sales	Profile
Robert Graves	VP Director	Profile
Risa Cretella	Chief Officer	Profile
Christopher Hall	Chief Officer	Profile
Isobel Esq	General Officer	Profile

Still Interested in Sovos Brands?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC