Above Food Correlations

ABVE Stock

0.54 0.27 33.33%

The current 90-days correlation between Above Food Ingredients and Summit Hotel Properties is 0.14 (i.e., Average diversification). The correlation of Above Food 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.

Above Food Correlation With Market

Significant diversification

The correlation between Above Food Ingredients and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Above Food Ingredients and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Above Food Ingredients. 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 Above Stock

0.62	WEST	Westrock Coffee	Pair Corr
0.62	BRID	Bridgford Foods	Pair Corr
0.63	BG	Bunge Limited	Pair Corr
0.62	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.69	DG	Dollar General	Pair Corr

Moving against Above Stock

0.67	LWAY	Lifeway Foods	Pair Corr
0.59	LANC	Lancaster Colony	Pair Corr
0.59	K	Kellanova	Pair Corr
0.38	SAM	Boston Beer	Pair Corr
0.34	BJ	BJs Wholesale Club	Pair Corr
0.65	LW	Lamb Weston Holdings	Pair Corr
0.63	VINE	Fresh Grapes LLC	Pair Corr
0.56	KR	Kroger Company Earnings Call Tomorrow	Pair Corr
0.52	VSTA	Vasta Platform	Pair Corr
0.45	FAMI	Farmmi Inc	Pair Corr
0.37	BRCNF	Burcon NutraScience Corp	Pair Corr
0.36	JZ	Jianzhi Education	Pair Corr
0.33	BRLSW	Borealis Foods Symbol Change	Pair Corr

Related Correlations Analysis

	INN	APAM	GFS	IPGP	AMD	RCC	KLAC
INN		-0.26	0.13	-0.23	0.55	-0.51	0.72	INN
APAM	-0.26		0.28	0.74	-0.26	0.75	-0.69	APAM
GFS	0.13	0.28		0.02	-0.31	-0.17	0.04	GFS
IPGP	-0.23	0.74	0.02		0.11	0.71	-0.41	IPGP
AMD	0.55	-0.26	-0.31	0.11		-0.21	0.63	AMD
RCC	-0.51	0.75	-0.17	0.71	-0.21		-0.74	RCC
KLAC	0.72	-0.69	0.04	-0.41	0.63	-0.74		KLAC
	INN	APAM	GFS	IPGP	AMD	RCC	KLAC

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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

RCC	+ 0.75	APAM
IPGP	+ 0.74	APAM
KLAC	+ 0.72	INN
RCC	+ 0.71	IPGP
KLAC	+ 0.63	AMD
AMD	+ 0.55	INN

High negative correlations

KLAC	- 0.74	RCC
KLAC	- 0.69	APAM
RCC	- 0.51	INN
KLAC	- 0.41	IPGP
AMD	- 0.31	GFS
AMD	- 0.26	APAM

Risk-Adjusted Indicators

There is a big difference between Above Stock performing well and Above Food 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 Above Food'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
INN	1.43	(0.23)	0.00	(0.02)	0.00	0.00	3.37	(2.41)	10.45
APAM	1.34	0.04	0.07	0.14	1.62	(1.41)	2.52	(2.47)	12.25
GFS	2.23	(0.36)	0.00	0.00	0.00	0.00	4.70	(4.20)	18.30
IPGP	1.70	(0.04)	0.02	0.10	1.84	(1.82)	4.46	(3.32)	11.69
AMD	2.01	(0.28)	0.00	(0.07)	0.00	0.00	3.96	(4.00)	16.31
RCC	0.37	0.03	(0.21)	(0.43)	0.37	(0.50)	1.03	(0.70)	2.37
KLAC	1.97	(0.51)	0.00	(0.20)	0.00	0.00	3.24	(3.70)	20.36

Above Food Corporate Executives

Elected by the shareholders, the Above Food's board of directors comprises two types of representatives: Above Food inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Above. The board's role is to monitor Above Food's management team and ensure that shareholders' interests are well served. Above Food's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Above Food's outside directors are responsible for providing unbiased perspectives on the board's policies.

Tyler West	VP CoFounder	Profile
Martin Williams	CoFounder Brands	Profile
Lionel Kambeitz	Executive CoFounder	Profile

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