Associated British Correlations

ASBFF Stock

USD 28.35 1.90 6.28%

The current 90-days correlation between Associated British Foods and JM Smucker is -0.13 (i.e., Good diversification). The correlation of Associated British 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.

Associated British Correlation With Market

Good diversification

The correlation between Associated British Foods and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Associated British Foods and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Associated British could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Associated British when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Associated British - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Associated British Foods to buy it.

Moving together with Associated Pink Sheet

0.77	NSRGF	Nestle SA	Pair Corr
0.78	GIS	General Mills	Pair Corr
0.79	GRBMF	Grupo Bimbo SAB	Pair Corr
0.81	BMBOY	Grupo Bimbo SAB	Pair Corr
0.64	MKC-V	McCormick Company	Pair Corr

Moving against Associated Pink Sheet

0.87	ADSK	Autodesk	Pair Corr
0.68	RCAT	Red Cat Holdings Trending	Pair Corr
0.65	K	Kellanova Sell-off Trend	Pair Corr
0.59	DXYZ	Destiny Tech100	Pair Corr
0.56	FMCB	Farmers Merchants Bancorp	Pair Corr
0.47	FUWAF	Furukawa Electric	Pair Corr
0.42	CIADY	China Mengniu Dairy	Pair Corr
0.86	ALAB	Astera Labs, Common	Pair Corr
0.86	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.85	LLYVK	Liberty Media	Pair Corr
0.84	CRWD	Crowdstrike Holdings Earnings Call Today	Pair Corr
0.84	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.81	NVDA	NVIDIA	Pair Corr
0.8	SNOW	Snowflake Trending	Pair Corr
0.77	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.77	GM	General Motors Aggressive Push	Pair Corr
0.77	GVA	Granite Construction	Pair Corr
0.75	ZM	Zoom Video Communications	Pair Corr
0.73	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.72	DECK	Deckers Outdoor	Pair Corr
0.6	KSCP	Knightscope	Pair Corr
0.59	APLD	Applied Blockchain Trending	Pair Corr
0.35	CSTXF	CryptoStar Corp	Pair Corr
0.33	BRK-B	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	DAR	SJM	MKC	CPB	SENEA	CENTA	CENT	NATR	ACOPY	AVOZ
DAR		-0.65	-0.82	-0.58	0.44	0.25	0.28	0.63	-0.42	0.0	DAR
SJM	-0.65		0.76	0.78	-0.53	0.18	0.15	-0.56	0.38	0.0	SJM
MKC	-0.82	0.76		0.82	-0.57	0.18	0.14	-0.53	0.25	0.0	MKC
CPB	-0.58	0.78	0.82		-0.76	0.44	0.4	-0.58	0.18	0.0	CPB
SENEA	0.44	-0.53	-0.57	-0.76		-0.07	-0.03	0.74	-0.45	0.0	SENEA
CENTA	0.25	0.18	0.18	0.44	-0.07		1.0	0.34	-0.64	0.0	CENTA
CENT	0.28	0.15	0.14	0.4	-0.03	1.0		0.36	-0.66	0.0	CENT
NATR	0.63	-0.56	-0.53	-0.58	0.74	0.34	0.36		-0.69	0.0	NATR
ACOPY	-0.42	0.38	0.25	0.18	-0.45	-0.64	-0.66	-0.69		0.0	ACOPY
AVOZ	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AVOZ
	DAR	SJM	MKC	CPB	SENEA	CENTA	CENT	NATR	ACOPY	AVOZ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CENT	+ 1.0	CENTA
CPB	+ 0.82	MKC
CPB	+ 0.78	SJM
MKC	+ 0.76	SJM
NATR	+ 0.74	SENEA
NATR	+ 0.63	DAR

High negative correlations

MKC	- 0.82	DAR
SENEA	- 0.76	CPB
ACOPY	- 0.69	NATR
ACOPY	- 0.66	CENT
SJM	- 0.65	DAR
ACOPY	- 0.64	CENTA

Risk-Adjusted Indicators

There is a big difference between Associated Pink Sheet performing well and Associated British 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 Associated British'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
DAR	1.77	(0.02)	(0.03)	0.10	2.08	(2.01)	3.57	(3.55)	9.41
SJM	0.96	(0.10)	0.00	(0.63)	0.00	0.00	2.34	(1.72)	6.05
MKC	0.84	(0.01)	0.00	0.30	0.00	0.00	1.47	(1.43)	4.93
CPB	0.95	(0.18)	0.00	(2.00)	0.00	0.00	1.48	(2.42)	7.11
SENEA	1.14	0.19	0.10	0.33	1.45	(1.27)	2.87	(1.85)	11.87
CENTA	1.28	(0.15)	(0.09)	(0.01)	1.45	(1.46)	2.74	(2.72)	6.82
CENT	1.26	(0.11)	(0.08)	0.00	1.44	(1.45)	2.81	(2.33)	6.39
NATR	2.09	0.07	0.10	0.15	1.82	(2.70)	6.11	(2.99)	22.72
ACOPY	1.09	(0.12)	0.00	(0.03)	0.00	0.00	0.80	(2.99)	35.61
AVOZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Associated British without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Transaction History Now

Transaction History

View history of all your transactions and understand their impact on performance

All Next

Launch Module

Associated British Corporate Management

Julie Withnall	Group Reward	Profile
Paul Lister	Company Secretary	Profile
Lynne Walker	Director Cares	Profile
Paul Marchant	Chief PrimarkPenneys	Profile
Katharine Stewart	Ethical Director	Profile

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