Above Food Correlations

ABVEW Stock

0.02 0 23.46%

The current 90-days correlation between Above Food Ingredients and Borealis Foods is -0.01 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Above Food Correlation With Market

Good diversification

The correlation between Above Food Ingredients and DJI is -0.12 (i.e., Good 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 income.

Moving together with Above Stock

0.64

CMFO

China Marine Food

Pair Corr

Moving against Above Stock

0.64	K	Kellanova Sell-off Trend	Pair Corr
0.58	KR	Kroger Company Earnings Call This Week	Pair Corr
0.56	BRLSW	Borealis Foods Symbol Change	Pair Corr
0.56	AMNF	Armanino Foods New	Pair Corr
0.41	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.4	BJ	BJs Wholesale Club	Pair Corr
0.61	AVO	Mission Produce Fiscal Year End 19th of December 2024	Pair Corr
0.5	AQB	AquaBounty Technologies	Pair Corr
0.48	VINE	Fresh Grapes LLC	Pair Corr
0.41	WTER	Alkaline Water	Pair Corr
0.39	WILC	G Willi Food	Pair Corr
0.38	CLX	Clorox	Pair Corr

Related Correlations Analysis

	BRLSW	IMG	MAMA	NAII	NCRA	ORIS	PAVS	PETZ	PLAG
BRLSW		-0.38	0.01	-0.21	0.22	-0.05	-0.44	0.14	0.14	BRLSW
IMG	-0.38		0.03	0.2	-0.21	0.21	0.14	-0.23	0.03	IMG
MAMA	0.01	0.03		-0.27	-0.31	-0.3	0.12	0.15	0.27	MAMA
NAII	-0.21	0.2	-0.27		-0.48	-0.41	-0.02	-0.6	-0.57	NAII
NCRA	0.22	-0.21	-0.31	-0.48		0.33	-0.19	0.49	0.05	NCRA
ORIS	-0.05	0.21	-0.3	-0.41	0.33		0.04	0.28	0.3	ORIS
PAVS	-0.44	0.14	0.12	-0.02	-0.19	0.04		-0.25	0.24	PAVS
PETZ	0.14	-0.23	0.15	-0.6	0.49	0.28	-0.25		0.0	PETZ
PLAG	0.14	0.03	0.27	-0.57	0.05	0.3	0.24	0.0		PLAG
	BRLSW	IMG	MAMA	NAII	NCRA	ORIS	PAVS	PETZ	PLAG

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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

PETZ	+ 0.49	NCRA
ORIS	+ 0.33	NCRA
PLAG	+ 0.3	ORIS
PETZ	+ 0.28	ORIS
PLAG	+ 0.27	MAMA
PLAG	+ 0.24	PAVS

High negative correlations

PETZ	- 0.6	NAII
PLAG	- 0.57	NAII
NCRA	- 0.48	NAII
PAVS	- 0.44	BRLSW
ORIS	- 0.41	NAII
IMG	- 0.38	BRLSW

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
BRLSW	4.02	0.32	0.04	0.51	4.91	(5.31)	9.51	(10.68)	41.04
IMG	17.82	4.15	0.39	2.73	8.92	(48.65)	11.96	(23.04)	565.24
MAMA	2.17	0.03	0.03	0.14	2.44	(2.31)	5.65	(3.76)	12.86
NAII	3.12	(0.35)	0.00	(1.54)	0.00	0.00	7.14	(6.12)	30.71
NCRA	4.13	0.37	0.02	(0.32)	5.10	(6.20)	11.58	(8.22)	66.43
ORIS	7.01	0.46	0.05	1.05	7.76	(8.39)	14.72	(13.53)	47.66
PAVS	5.58	0.79	0.06	(1.11)	8.85	(7.30)	6.17	(10.39)	106.65
PETZ	2.60	(0.05)	(0.03)	0.00	3.07	(3.44)	5.83	(4.79)	20.64
PLAG	6.77	1.54	0.14	(0.75)	7.00	(8.98)	25.42	(12.24)	57.53

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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