Sysco Correlations

SYY Stock

USD 73.27 0.61 0.84%

The current 90-days correlation between Sysco and Performance Food Group is 0.08 (i.e., Significant diversification). The correlation of Sysco 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Sysco Correlation With Market

Modest diversification

The correlation between Sysco and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sysco 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 Sysco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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

Moving together with Sysco Stock

0.78	BG	Bunge Limited	Pair Corr
0.75	CL	Colgate Palmolive	Pair Corr
0.62	LW	Lamb Weston Holdings	Pair Corr

Moving against Sysco Stock

0.62	COST	Costco Wholesale Corp	Pair Corr
0.6	UNFI	United Natural Foods	Pair Corr
0.57	CHEF	Chefs Warehouse	Pair Corr
0.54	K	Kellanova Sell-off Trend	Pair Corr
0.47	WMT	Walmart	Pair Corr
0.35	BJ	BJs Wholesale Club	Pair Corr
0.35	KR	Kroger Company	Pair Corr
0.77	UG	United Guardian Earnings Call This Week	Pair Corr
0.72	BRLSW	Borealis Foods	Pair Corr
0.7	WVVI	Willamette Valley Earnings Call This Week	Pair Corr
0.51	VSTA	Vasta Platform Downward Rally	Pair Corr
0.48	YQ	17 Education Technology	Pair Corr
0.47	WYHG	Wing Yip Food	Pair Corr
0.44	WILC	G Willi Food Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PFGC	CHEF	UNFI	CVGW	USFD	SPTN	ANDE	AVO
PFGC		-0.16	0.25	0.4	0.71	-0.46	0.13	0.31	PFGC
CHEF	-0.16		0.77	-0.51	0.45	0.52	0.14	-0.42	CHEF
UNFI	0.25	0.77		-0.27	0.67	0.3	0.03	-0.21	UNFI
CVGW	0.4	-0.51	-0.27		0.02	-0.12	0.27	0.76	CVGW
USFD	0.71	0.45	0.67	0.02		-0.01	0.15	0.05	USFD
SPTN	-0.46	0.52	0.3	-0.12	-0.01		0.12	-0.31	SPTN
ANDE	0.13	0.14	0.03	0.27	0.15	0.12		-0.08	ANDE
AVO	0.31	-0.42	-0.21	0.76	0.05	-0.31	-0.08		AVO
	PFGC	CHEF	UNFI	CVGW	USFD	SPTN	ANDE	AVO

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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

UNFI	+ 0.77	CHEF
AVO	+ 0.76	CVGW
USFD	+ 0.71	PFGC
USFD	+ 0.67	UNFI
SPTN	+ 0.52	CHEF
USFD	+ 0.45	CHEF

High negative correlations

CVGW	- 0.51	CHEF
SPTN	- 0.46	PFGC
AVO	- 0.42	CHEF
AVO	- 0.31	SPTN
CVGW	- 0.27	UNFI
AVO	- 0.21	UNFI

Risk-Adjusted Indicators

There is a big difference between Sysco Stock performing well and Sysco 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 Sysco'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
PFGC	1.19	(0.14)	0.00	(0.25)	0.00	0.00	2.19	(3.17)	6.86
CHEF	1.45	0.27	0.12	0.15	2.02	(1.49)	2.85	(3.09)	16.12
UNFI	2.61	0.36	0.11	0.18	2.99	(2.84)	5.08	(5.20)	28.54
CVGW	1.83	(0.08)	0.00	(0.28)	0.00	0.00	4.15	(4.36)	12.71
USFD	1.09	(0.05)	0.00	(0.16)	0.00	0.00	1.77	(2.64)	5.42
SPTN	1.37	0.17	0.13	0.70	1.73	(1.44)	2.64	(2.80)	14.21
ANDE	1.72	(0.02)	0.00	(0.14)	0.00	0.00	2.96	(3.26)	20.70
AVO	1.80	(0.21)	0.00	(0.37)	0.00	0.00	2.84	(4.34)	30.50

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