Andersons Correlations

ANDE Stock

USD 41.68 0.27 0.64%

The current 90-days correlation between Andersons and SpartanNash Co is 0.24 (i.e., Modest diversification). The correlation of Andersons 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.

Andersons Correlation With Market

Significant diversification

The correlation between The Andersons and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Andersons 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 The Andersons. 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 Andersons Stock

0.61	GO	Grocery Outlet Holding	Pair Corr
0.62	IMKTA	Ingles Markets Earnings Call This Week	Pair Corr
0.68	HCWC	Healthy Choice Wellness	Pair Corr
0.9	BG	Bunge Limited Earnings Call This Week	Pair Corr
0.65	JZ	Jianzhi Education	Pair Corr
0.71	LW	Lamb Weston Holdings	Pair Corr
0.68	YQ	17 Education Technology	Pair Corr
0.68	DOLE	Dole PLC	Pair Corr

Moving against Andersons Stock

0.72	MSS	Maison Solutions	Pair Corr
0.69	DLTR	Dollar Tree	Pair Corr
0.56	WNW	Meiwu Technology	Pair Corr
0.5	K	Kellanova Earnings Call This Week	Pair Corr
0.45	WMT	Walmart Aggressive Push	Pair Corr
0.44	KR	Kroger Company Sell-off Trend	Pair Corr
0.43	ACI	Albertsons Companies	Pair Corr
0.39	WBA	Walgreens Boots Alliance	Pair Corr
0.37	HITI	High Tide	Pair Corr
0.34	PSMT	PriceSmart	Pair Corr
0.76	EAST	Eastside Distilling Symbol Change	Pair Corr
0.75	EDBL	Edible Garden AG	Pair Corr
0.68	WILC	G Willi Food	Pair Corr
0.66	VITL	Vital Farms	Pair Corr
0.39	BRLSW	Borealis Foods Symbol Change	Pair Corr
0.32	DTCK	Davis Commodities	Pair Corr

Related Correlations Analysis

	CVGW	SPTN	CHEF	HFFG	PFGC	USFD	AVO	UNFI	DIT	SYY
CVGW		0.49	-0.8	0.73	-0.15	-0.25	0.28	-0.74	0.19	0.34	CVGW
SPTN	0.49		-0.59	0.45	-0.4	-0.61	-0.21	-0.54	0.23	0.11	SPTN
CHEF	-0.8	-0.59		-0.59	0.62	0.68	0.0	0.94	-0.11	-0.01	CHEF
HFFG	0.73	0.45	-0.59		-0.02	-0.04	0.27	-0.43	0.61	0.7	HFFG
PFGC	-0.15	-0.4	0.62	-0.02		0.9	0.04	0.58	0.14	0.42	PFGC
USFD	-0.25	-0.61	0.68	-0.04	0.9		0.28	0.68	0.17	0.46	USFD
AVO	0.28	-0.21	0.0	0.27	0.04	0.28		0.09	0.21	0.41	AVO
UNFI	-0.74	-0.54	0.94	-0.43	0.58	0.68	0.09		-0.02	0.07	UNFI
DIT	0.19	0.23	-0.11	0.61	0.14	0.17	0.21	-0.02		0.68	DIT
SYY	0.34	0.11	-0.01	0.7	0.42	0.46	0.41	0.07	0.68		SYY
	CVGW	SPTN	CHEF	HFFG	PFGC	USFD	AVO	UNFI	DIT	SYY

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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

UNFI	+ 0.94	CHEF
USFD	+ 0.9	PFGC
HFFG	+ 0.73	CVGW
SYY	+ 0.7	HFFG
USFD	+ 0.68	CHEF
UNFI	+ 0.68	USFD

High negative correlations

CHEF	- 0.8	CVGW
UNFI	- 0.74	CVGW
USFD	- 0.61	SPTN
HFFG	- 0.59	CHEF
CHEF	- 0.59	SPTN
UNFI	- 0.54	SPTN

Risk-Adjusted Indicators

There is a big difference between Andersons Stock performing well and Andersons 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 Andersons' 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
CVGW	1.48	(0.21)	0.00	(0.54)	0.00	0.00	2.50	(3.79)	12.71
SPTN	1.33	(0.21)	0.00	(0.64)	0.00	0.00	2.23	(3.43)	16.02
CHEF	1.29	0.42	0.27	0.64	0.92	(1.52)	3.68	(2.00)	8.59
HFFG	1.72	(0.45)	0.00	(1.06)	0.00	0.00	3.81	(4.61)	11.39
PFGC	0.94	0.12	0.08	0.33	0.98	(1.08)	1.73	(1.72)	9.40
USFD	0.92	0.19	0.14	0.42	0.93	(1.03)	2.03	(1.47)	7.68
AVO	1.72	(0.04)	(0.02)	0.03	2.01	(2.22)	3.34	(3.56)	23.67
UNFI	2.26	0.57	0.22	1.03	2.04	(2.73)	5.19	(4.28)	25.95
DIT	2.89	(0.07)	0.00	0.82	0.00	0.00	7.09	(6.20)	18.21
SYY	0.91	(0.08)	0.00	(0.10)	0.00	0.00	1.74	(1.68)	10.17

Andersons Corporate Management

Christine Castellano	General VP	Profile
Michael Hoelter	Corporate Controller	Profile
Sarah Zibbel	Executive Officer	Profile
William Krueger	Pres Processing	Profile

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