Fresh Grapes Correlations

VINE Stock

USD 0.57 0.06 11.76%

The current 90-days correlation between Fresh Grapes LLC and The Tinley Beverage is -0.07 (i.e., Good diversification). The correlation of Fresh Grapes 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.

Fresh Grapes Correlation With Market

Significant diversification

The correlation between Fresh Grapes LLC and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fresh Grapes LLC 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 Fresh Grapes LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Fresh Stock

0.65	SBEV	Splash Beverage Group	Pair Corr
0.67	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.66	GO	Grocery Outlet Holding	Pair Corr
0.65	VITL	Vital Farms	Pair Corr

Moving against Fresh Stock

0.59	KO	Coca Cola	Pair Corr
0.57	MO	Altria Group	Pair Corr
0.52	YHC	LQR House Symbol Change	Pair Corr
0.5	DG	Dollar General	Pair Corr
0.45	CL	Colgate Palmolive	Pair Corr
0.37	KR	Kroger Company	Pair Corr
0.35	K	Kellanova	Pair Corr
0.57	FARM	Farmer Bros	Pair Corr
0.43	PM	Philip Morris Intern	Pair Corr
0.43	TR	Tootsie Roll Industries	Pair Corr
0.41	DOLE	Dole PLC	Pair Corr
0.4	WYHG	Wing Yip Food	Pair Corr
0.35	ACI	Albertsons Companies	Pair Corr

Related Correlations Analysis

	ADWPF	NWINF	WVVIP	TNYBF	SBEV	MJWNY	ICNB	NAPA	TSRYY	WVVI
ADWPF		0.73	-0.46	-0.55	-0.56	0.45	0.0	0.0	-0.35	0.76	ADWPF
NWINF	0.73		-0.54	-0.51	-0.49	0.62	0.0	0.0	-0.2	0.44	NWINF
WVVIP	-0.46	-0.54		0.38	0.39	-0.23	0.0	0.0	0.45	-0.28	WVVIP
TNYBF	-0.55	-0.51	0.38		0.36	-0.21	0.0	0.0	0.21	-0.4	TNYBF
SBEV	-0.56	-0.49	0.39	0.36		-0.42	0.0	0.0	0.25	-0.27	SBEV
MJWNY	0.45	0.62	-0.23	-0.21	-0.42		0.0	0.0	0.25	-0.07	MJWNY
ICNB	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ICNB
NAPA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NAPA
TSRYY	-0.35	-0.2	0.45	0.21	0.25	0.25	0.0	0.0		-0.65	TSRYY
WVVI	0.76	0.44	-0.28	-0.4	-0.27	-0.07	0.0	0.0	-0.65		WVVI
	ADWPF	NWINF	WVVIP	TNYBF	SBEV	MJWNY	ICNB	NAPA	TSRYY	WVVI

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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

WVVI	+ 0.76	ADWPF
NWINF	+ 0.73	ADWPF
MJWNY	+ 0.62	NWINF
MJWNY	+ 0.45	ADWPF
TSRYY	+ 0.45	WVVIP
WVVI	+ 0.44	NWINF

High negative correlations

WVVI	- 0.65	TSRYY
SBEV	- 0.56	ADWPF
TNYBF	- 0.55	ADWPF
WVVIP	- 0.54	NWINF
TNYBF	- 0.51	NWINF
SBEV	- 0.49	NWINF

Risk-Adjusted Indicators

There is a big difference between Fresh Stock performing well and Fresh Grapes 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 Fresh Grapes' 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
ADWPF	0.98	0.22	0.13	(1.45)	0.80	(3.48)	5.17	(2.08)	9.52
NWINF	5.29	0.28	0.03	1.12	6.09	(9.00)	14.55	(12.66)	34.88
WVVIP	1.57	(0.08)	0.00	1.11	0.00	0.00	3.82	(3.83)	10.52
TNYBF	9.72	0.81	0.05	0.29	10.04	(15.94)	23.08	(18.10)	120.98
SBEV	6.36	(0.76)	0.00	1.61	0.00	0.00	12.50	(11.11)	75.00
MJWNY	1.20	(0.03)	0.00	0.11	0.00	0.00	0.00	0.00	52.32
ICNB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NAPA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSRYY	1.28	(0.26)	0.00	(0.58)	0.00	0.00	2.79	(2.60)	8.40
WVVI	2.58	1.00	0.38	(65.99)	2.05	(3.14)	7.92	(3.14)	28.43

Fresh Grapes Corporate Management

James Spellmire	CFO Sec	Profile
Elliot Savoie	Advisor	Profile
Damian Novak	Ex Chairman	Profile
Keith Johnson	Interim Secretary	Profile

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