22nd Century Correlations

XXII Stock

USD 1.71 0.14 7.57%

The correlation of 22nd Century 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.

22nd Century Correlation With Market

Modest diversification

The correlation between 22nd Century Group and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 22nd Century Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 22nd Century Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with 22nd Stock

0.65	BG	Bunge Limited	Pair Corr
0.7	LW	Lamb Weston Holdings	Pair Corr
0.8	VITL	Vital Farms	Pair Corr
0.73	EDBL	Edible Garden AG	Pair Corr
0.83	FAMI	Farmmi Inc	Pair Corr
0.82	FRPT	Freshpet	Pair Corr
0.68	LSF	Laird Superfood	Pair Corr
0.7	SAM	Boston Beer	Pair Corr
0.77	THS	Treehouse Foods	Pair Corr
0.76	TWG	Top Wealth Group	Pair Corr
0.69	HAIN	Hain Celestial	Pair Corr
0.87	JBSS	John B Sanfilippo	Pair Corr
0.64	JJSF	J J Snack	Pair Corr
0.63	LWAY	Lifeway Foods	Pair Corr

Moving against 22nd Stock

0.92	PM	Philip Morris Intern	Pair Corr
0.89	CCU	Compania Cervecerias	Pair Corr
0.87	FMX	Fomento Economico	Pair Corr
0.84	K	Kellanova	Pair Corr
0.84	BUD	Anheuser Busch Inbev	Pair Corr
0.83	MO	Altria Group	Pair Corr
0.77	PPC	Pilgrims Pride Corp	Pair Corr
0.74	JVA	Coffee Holding	Pair Corr
0.72	DOLE	Dole PLC	Pair Corr
0.61	KLG	WK Kellogg	Pair Corr
0.55	TAP	Molson Coors Brewing	Pair Corr
0.48	TPB	Turning Point Brands	Pair Corr
0.44	SJM	JM Smucker	Pair Corr
0.32	TR	Tootsie Roll Industries	Pair Corr
0.89	NOMD	Nomad Foods	Pair Corr
0.78	MDLZ	Mondelez International	Pair Corr
0.76	TSN	Tyson Foods	Pair Corr
0.72	SENEA	Seneca Foods Corp	Pair Corr
0.72	ABEV	Ambev SA ADR	Pair Corr
0.59	SENEB	Seneca Foods Corp	Pair Corr
0.57	LANC	Lancaster Colony	Pair Corr
0.51	UVV	Universal	Pair Corr
0.51	PAVS	Paranovus Entertainment	Pair Corr
0.33	POST	Post Holdings	Pair Corr

Related Correlations Analysis

	HPCO	TPB	GGII	IMBBY	KAVL	CBDW	PHJMF	HUMBF	PYYX	GNLN
HPCO		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HPCO
TPB	0.0		-0.53	0.53	0.18	-0.56	-0.33	0.0	0.49	-0.32	TPB
GGII	0.0	-0.53		-0.82	0.05	0.51	0.35	0.0	-0.68	0.71	GGII
IMBBY	0.0	0.53	-0.82		-0.37	-0.32	-0.2	0.0	0.83	-0.88	IMBBY
KAVL	0.0	0.18	0.05	-0.37		-0.29	-0.15	0.0	-0.56	0.61	KAVL
CBDW	0.0	-0.56	0.51	-0.32	-0.29		0.54	0.0	-0.28	0.16	CBDW
PHJMF	0.0	-0.33	0.35	-0.2	-0.15	0.54		0.0	-0.21	0.1	PHJMF
HUMBF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HUMBF
PYYX	0.0	0.49	-0.68	0.83	-0.56	-0.28	-0.21	0.0		-0.91	PYYX
GNLN	0.0	-0.32	0.71	-0.88	0.61	0.16	0.1	0.0	-0.91		GNLN
	HPCO	TPB	GGII	IMBBY	KAVL	CBDW	PHJMF	HUMBF	PYYX	GNLN

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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

PYYX	+ 0.83	IMBBY
GNLN	+ 0.71	GGII
GNLN	+ 0.61	KAVL
PHJMF	+ 0.54	CBDW
IMBBY	+ 0.53	TPB
CBDW	+ 0.51	GGII

High negative correlations

GNLN	- 0.91	PYYX
GNLN	- 0.88	IMBBY
IMBBY	- 0.82	GGII
PYYX	- 0.68	GGII
PYYX	- 0.56	KAVL
CBDW	- 0.56	TPB

Risk-Adjusted Indicators

There is a big difference between 22nd Stock performing well and 22nd Century 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 22nd Century'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
HPCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TPB	1.53	0.01	0.00	(0.06)	0.00	0.00	3.03	(4.51)	16.88
GGII	27.23	6.03	0.14	(2.84)	21.58	(87.88)	100.00	(50.00)	150.00
IMBBY	0.83	0.15	0.19	0.46	0.85	(0.89)	1.76	(1.69)	4.30
KAVL	5.82	(0.33)	0.00	(3.92)	0.00	0.00	12.00	(11.70)	48.79
CBDW	13.47	0.40	0.03	(0.23)	14.34	(18.35)	33.33	(25.00)	65.00
PHJMF	8.54	0.71	0.04	(0.46)	10.34	(19.63)	33.33	(25.00)	58.33
HUMBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PYYX	5.19	1.07	0.12	0.71	5.47	(11.07)	13.64	(10.20)	45.63
GNLN	3.65	(1.72)	0.00	(2.32)	0.00	0.00	6.88	(8.28)	50.63

22nd Century Corporate Management

Calvin Treat	Chief Officer	Profile
Mei Kuo	Director Relations	Profile
Steven Przybyla	Head Devel	Profile
Robert Manfredonia	Executive Marketing	Profile
James Mish	CEO and President	Profile
Scott Marion	Vice Operations	Profile
John Franzino	Chief Officer	Profile

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