SunOpta Correlations

STKL Stock

USD 5.40 0.05 0.93%

The current 90-days correlation between SunOpta and Seneca Foods Corp is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SunOpta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SunOpta moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SunOpta Correlation With Market

Weak diversification

The correlation between SunOpta and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SunOpta 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 SunOpta. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy SunOpta Stock please use our How to buy in SunOpta Stock guide.

Moving together with SunOpta Stock

0.7	ZVIA	Zevia Pbc	Pair Corr
0.8	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.83	GO	Grocery Outlet Holding	Pair Corr
0.71	LW	Lamb Weston Holdings	Pair Corr
0.68	DLTR	Dollar Tree	Pair Corr
0.66	VITL	Vital Farms	Pair Corr
0.68	EDBL	Edible Garden AG	Pair Corr

Moving against SunOpta Stock

0.78	K	Kellanova Sell-off Trend	Pair Corr
0.72	KO	Coca Cola	Pair Corr
0.68	KOF	Coca Cola Femsa	Pair Corr
0.64	BJ	BJs Wholesale Club	Pair Corr
0.58	MNST	Monster Beverage Corp	Pair Corr
0.56	CCEP	Coca Cola European	Pair Corr
0.52	KR	Kroger Company	Pair Corr
0.46	KDP	Keurig Dr Pepper	Pair Corr
0.39	BRFH	Barfresh Food Group Upward Rally	Pair Corr
0.31	DG	Dollar General	Pair Corr
0.81	MO	Altria Group	Pair Corr
0.69	WYHG	Wing Yip Food	Pair Corr
0.68	PM	Philip Morris Intern	Pair Corr
0.63	ACI	Albertsons Companies	Pair Corr
0.59	FARM	Farmer Bros	Pair Corr
0.59	WVVI	Willamette Valley Earnings Call This Week	Pair Corr
0.44	PG	Procter Gamble	Pair Corr
0.43	UL	Unilever PLC ADR	Pair Corr
0.43	DOLE	Dole PLC	Pair Corr
0.41	BRLSW	Borealis Foods	Pair Corr
0.37	TR	Tootsie Roll Industries	Pair Corr

Related Correlations Analysis

	SENEA	CENTA	CENT	NATR	ASBFF	NOMD	BRBR	PPC	INGR	THS
SENEA		0.14	-0.15	-0.29	0.03	0.82	-0.64	0.73	-0.26	-0.74	SENEA
CENTA	0.14		0.94	0.61	0.58	0.01	0.35	0.17	0.45	0.08	CENTA
CENT	-0.15	0.94		0.69	0.62	-0.29	0.55	-0.11	0.52	0.35	CENT
NATR	-0.29	0.61	0.69		0.51	-0.36	0.58	-0.16	0.69	0.58	NATR
ASBFF	0.03	0.58	0.62	0.51		-0.34	0.21	-0.29	0.59	0.29	ASBFF
NOMD	0.82	0.01	-0.29	-0.36	-0.34		-0.57	0.83	-0.35	-0.8	NOMD
BRBR	-0.64	0.35	0.55	0.58	0.21	-0.57		-0.37	0.31	0.69	BRBR
PPC	0.73	0.17	-0.11	-0.16	-0.29	0.83	-0.37		-0.39	-0.68	PPC
INGR	-0.26	0.45	0.52	0.69	0.59	-0.35	0.31	-0.39		0.48	INGR
THS	-0.74	0.08	0.35	0.58	0.29	-0.8	0.69	-0.68	0.48		THS
	SENEA	CENTA	CENT	NATR	ASBFF	NOMD	BRBR	PPC	INGR	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	+ 0.94	CENTA
PPC	+ 0.83	NOMD
NOMD	+ 0.82	SENEA
PPC	+ 0.73	SENEA
NATR	+ 0.69	CENT
INGR	+ 0.69	NATR

High negative correlations

THS	- 0.8	NOMD
THS	- 0.74	SENEA
THS	- 0.68	PPC
BRBR	- 0.64	SENEA
BRBR	- 0.57	NOMD
INGR	- 0.39	PPC

Risk-Adjusted Indicators

There is a big difference between SunOpta Stock performing well and SunOpta 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 SunOpta'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
SENEA	1.40	0.27	0.19	0.55	1.42	(1.50)	3.61	(2.43)	13.63
CENTA	1.48	(0.08)	0.00	(0.41)	0.00	0.00	2.53	(3.57)	11.78
CENT	1.55	(0.13)	0.00	(0.62)	0.00	0.00	3.02	(4.13)	14.60
NATR	1.57	(0.22)	0.00	(0.38)	0.00	0.00	3.43	(3.34)	12.09
ASBFF	1.14	(0.20)	0.00	0.93	0.00	0.00	3.51	(4.16)	11.55
NOMD	1.24	0.21	0.19	2.04	1.32	(1.34)	2.72	(2.27)	8.04
BRBR	1.50	(0.02)	0.00	(0.11)	0.00	0.00	3.09	(4.16)	10.54
PPC	1.71	0.06	0.06	0.37	2.10	(1.72)	3.62	(4.16)	9.58
INGR	0.92	(0.08)	0.00	(0.39)	0.00	0.00	1.48	(2.02)	6.81
THS	1.48	(0.21)	0.00	(0.46)	0.00	0.00	2.10	(3.55)	13.25

SunOpta Corporate Management

Rob Duchscher	Chief Officer	Profile
Christopher Whitehair	Senior Chain	Profile
Michael Buick	VP Beverage	Profile
Barend Reijn	VP Sourcing	Profile
Jill JD	Chief Counsel	Profile
Bryan Clark	Food RD	Profile

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