BG Foods Correlations

BGS Stock

USD 6.52 0.02 0.31%

The correlation of BG Foods 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.

BG Foods Correlation With Market

Significant diversification

The correlation between BG Foods 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 BG Foods 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 BG Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy BGS Stock please use our How to Invest in BG Foods guide.

Moving together with BGS Stock

0.62	LWAY	Lifeway Foods	Pair Corr
0.62	DG	Dollar General	Pair Corr
0.66	KO	Coca Cola Earnings Call This Week	Pair Corr
0.69	UG	United Guardian	Pair Corr
0.64	UL	Unilever PLC ADR	Pair Corr

Moving against BGS Stock

0.6	TPB	Turning Point Brands	Pair Corr
0.45	MO	Altria Group Earnings Call Today	Pair Corr
0.43	BTI	British American Tobacco Earnings Call This Week	Pair Corr
0.34	K	Kellanova Earnings Call This Week	Pair Corr
0.34	UVV	Universal Earnings Call This Week	Pair Corr
0.58	TR	Tootsie Roll Industries	Pair Corr
0.42	GO	Grocery Outlet Holding	Pair Corr
0.35	BJ	BJs Wholesale Club	Pair Corr
0.35	KR	Kroger Company Sell-off Trend	Pair Corr

Related Correlations Analysis

	CPB	GIS	HRL	K	LW	CAG	SJM	MKC	JJSF	KHC
CPB		0.92	0.11	-0.84	0.85	0.86	0.83	0.55	0.85	0.88	CPB
GIS	0.92		0.39	-0.78	0.81	0.93	0.86	0.75	0.8	0.89	GIS
HRL	0.11	0.39		-0.02	0.22	0.27	0.51	0.74	0.29	0.08	HRL
K	-0.84	-0.78	-0.02		-0.78	-0.74	-0.7	-0.49	-0.85	-0.71	K
LW	0.85	0.81	0.22	-0.78		0.72	0.8	0.57	0.91	0.73	LW
CAG	0.86	0.93	0.27	-0.74	0.72		0.76	0.65	0.73	0.9	CAG
SJM	0.83	0.86	0.51	-0.7	0.8	0.76		0.75	0.86	0.68	SJM
MKC	0.55	0.75	0.74	-0.49	0.57	0.65	0.75		0.59	0.52	MKC
JJSF	0.85	0.8	0.29	-0.85	0.91	0.73	0.86	0.59		0.68	JJSF
KHC	0.88	0.89	0.08	-0.71	0.73	0.9	0.68	0.52	0.68		KHC
	CPB	GIS	HRL	K	LW	CAG	SJM	MKC	JJSF	KHC

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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

CAG	+ 0.93	GIS
GIS	+ 0.92	CPB
JJSF	+ 0.91	LW
KHC	+ 0.9	CAG
KHC	+ 0.89	GIS
KHC	+ 0.88	CPB

High negative correlations

JJSF	- 0.85	K
K	- 0.84	CPB
LW	- 0.78	K
K	- 0.78	GIS
CAG	- 0.74	K
KHC	- 0.71	K

Risk-Adjusted Indicators

There is a big difference between BGS Stock performing well and BG Foods 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 BG Foods' 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
CPB	1.15	(0.32)	0.00	(0.77)	0.00	0.00	1.48	(2.97)	8.10
GIS	0.97	(0.21)	0.00	(0.66)	0.00	0.00	1.46	(3.05)	5.34
HRL	1.02	(0.06)	0.00	(0.11)	0.00	0.00	2.18	(2.03)	6.26
K	0.17	0.02	(0.28)	(7.53)	0.08	(0.18)	0.35	(0.35)	0.86
LW	1.77	(0.28)	0.00	2.51	0.00	0.00	2.99	(3.78)	26.89
CAG	0.95	(0.18)	0.00	(0.68)	0.00	0.00	1.82	(2.46)	5.36
SJM	1.19	(0.17)	0.00	(0.43)	0.00	0.00	2.38	(2.40)	9.99
MKC	0.95	(0.07)	0.00	(0.11)	0.00	0.00	2.47	(1.50)	7.38
JJSF	1.12	(0.29)	0.00	(0.67)	0.00	0.00	2.23	(2.56)	9.60
KHC	0.98	(0.27)	0.00	(7.41)	0.00	0.00	1.40	(2.27)	6.83

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