Archer Daniels Correlations

ADM Stock

USD 53.19 0.17 0.32%

The current 90-days correlation between Archer Daniels Midland and Tyson Foods is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Archer Daniels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Archer Daniels Midland moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Archer Daniels Correlation With Market

Modest diversification

The correlation between Archer Daniels Midland 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 Archer Daniels Midland 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 Archer Daniels Midland. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Archer Stock

0.88	BG	Bunge Limited	Pair Corr
0.74	EDBL	Edible Garden AG	Pair Corr
0.74	BGS	BG Foods	Pair Corr
0.75	BON	Bon Natural Life	Pair Corr
0.68	BUD	Anheuser Busch Inbev	Pair Corr
0.84	CAG	ConAgra Foods	Pair Corr
0.89	CPB	Campbell Soup	Pair Corr
0.77	DDC	DDC Enterprise	Pair Corr
0.83	FLO	Flowers Foods	Pair Corr
0.74	FMX	Fomento Economico	Pair Corr
0.88	GIS	General Mills	Pair Corr
0.75	HRL	Hormel Foods Earnings Call This Week	Pair Corr
0.86	HSY	Hershey	Pair Corr
0.78	KHC	Kraft Heinz	Pair Corr
0.78	LND	Brasilagro Adr	Pair Corr
0.77	MKC	McCormick Company Fiscal Year End 23rd of January 2025	Pair Corr
0.82	RGF	Real Good Food	Pair Corr

Moving against Archer Stock

0.91	LW	Lamb Weston Holdings	Pair Corr
0.81	FDP	Fresh Del Monte	Pair Corr
0.67	FRPT	Freshpet	Pair Corr
0.6	PM	Philip Morris Intern	Pair Corr
0.54	K	Kellanova	Pair Corr
0.53	MO	Altria Group	Pair Corr
0.53	DAR	Darling Ingredients	Pair Corr
0.92	LSF	Laird Superfood	Pair Corr
0.86	PPC	Pilgrims Pride Corp	Pair Corr
0.86	SAM	Boston Beer	Pair Corr
0.86	TPB	Turning Point Brands	Pair Corr
0.77	INGR	Ingredion Incorporated	Pair Corr
0.72	SENEA	Seneca Foods Corp	Pair Corr
0.7	TAP	Molson Coors Brewing	Pair Corr
0.58	LANC	Lancaster Colony	Pair Corr
0.43	LWAY	Lifeway Foods	Pair Corr
0.41	JVA	Coffee Holding	Pair Corr

Related Correlations Analysis

	TSN	CALM	DOLE	AGRO	FDP	LMNR	LND	ALCO
TSN		-0.46	-0.41	-0.37	0.06	-0.51	0.37	0.43	TSN
CALM	-0.46		-0.17	0.29	0.59	0.61	-0.89	-0.84	CALM
DOLE	-0.41	-0.17		0.33	-0.12	0.42	0.21	0.33	DOLE
AGRO	-0.37	0.29	0.33		0.26	0.56	-0.26	-0.34	AGRO
FDP	0.06	0.59	-0.12	0.26		0.44	-0.56	-0.48	FDP
LMNR	-0.51	0.61	0.42	0.56	0.44		-0.46	-0.39	LMNR
LND	0.37	-0.89	0.21	-0.26	-0.56	-0.46		0.83	LND
ALCO	0.43	-0.84	0.33	-0.34	-0.48	-0.39	0.83		ALCO
	TSN	CALM	DOLE	AGRO	FDP	LMNR	LND	ALCO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ALCO	+ 0.83	LND
LMNR	+ 0.61	CALM
FDP	+ 0.59	CALM
LMNR	+ 0.56	AGRO
LMNR	+ 0.44	FDP
ALCO	+ 0.43	TSN

High negative correlations

LND	- 0.89	CALM
ALCO	- 0.84	CALM
LND	- 0.56	FDP
LMNR	- 0.51	TSN
ALCO	- 0.48	FDP
LND	- 0.46	LMNR

Risk-Adjusted Indicators

There is a big difference between Archer Stock performing well and Archer Daniels 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 Archer Daniels' 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
TSN	1.01	0.02	(0.03)	0.31	1.44	(1.02)	1.73	(2.48)	9.06
CALM	1.25	0.40	0.26	0.87	0.84	(1.39)	3.33	(1.86)	9.06
DOLE	1.29	(0.10)	0.00	(0.05)	0.00	0.00	2.45	(2.60)	15.22
AGRO	1.28	0.02	(0.03)	0.21	1.63	(1.40)	2.04	(3.11)	8.94
FDP	1.10	0.30	0.20	2.24	0.91	(1.36)	2.30	(1.99)	12.38
LMNR	1.73	0.17	0.14	0.17	1.61	(2.00)	5.63	(3.01)	11.73
LND	1.17	(0.14)	0.00	(0.26)	0.00	0.00	2.19	(2.15)	6.34
ALCO	1.61	(0.29)	0.00	(0.12)	0.00	0.00	3.90	(3.23)	13.25

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC