BG Foods Correlations

BGS Stock

USD 5.23 0.01 0.19%

The current 90-days correlation between BG Foods and USANA Health Sciences is 0.36 (i.e., Weak diversification). 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

Very weak diversification

The correlation between BG Foods and DJI is 0.42 (i.e., Very weak 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.

Build AI portfolio with BGS Stock

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 census.

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

Moving together with BGS Stock

0.66	TR	Tootsie Roll Industries Earnings Call This Week	Pair Corr
0.61	DOLE	Dole PLC	Pair Corr
0.87	DHR	BG Foods	Pair Corr
0.69	WEST	Westrock Coffee	Pair Corr

Moving against BGS Stock

0.39	MBH	Maggie Beer Holdings	Pair Corr
0.38	VITL	Vital Farms	Pair Corr
0.34	EDBL	Edible Garden AG	Pair Corr
0.56	JJ1	JJ SNACK FOODS	Pair Corr
0.36	BSN	Danone SA Earnings Call This Week	Pair Corr
0.35	FAMI	Farmmi Inc	Pair Corr

Related Correlations Analysis

	USNA	BRCC	WEST	LWAY	MAMA	ABVE	CHSCL	OTLY	VFF	NATR
USNA		-0.68	0.72	-0.39	0.79	-0.07	0.79	-0.46	-0.46	0.79	USNA
BRCC	-0.68		-0.81	0.7	-0.78	0.37	-0.92	0.44	0.73	-0.88	BRCC
WEST	0.72	-0.81		-0.57	0.7	-0.24	0.76	-0.27	-0.56	0.88	WEST
LWAY	-0.39	0.7	-0.57		-0.33	0.27	-0.58	0.15	0.6	-0.56	LWAY
MAMA	0.79	-0.78	0.7	-0.33		-0.41	0.88	-0.64	-0.48	0.88	MAMA
ABVE	-0.07	0.37	-0.24	0.27	-0.41		-0.33	0.48	-0.01	-0.36	ABVE
CHSCL	0.79	-0.92	0.76	-0.58	0.88	-0.33		-0.49	-0.67	0.88	CHSCL
OTLY	-0.46	0.44	-0.27	0.15	-0.64	0.48	-0.49		0.09	-0.47	OTLY
VFF	-0.46	0.73	-0.56	0.6	-0.48	-0.01	-0.67	0.09		-0.63	VFF
NATR	0.79	-0.88	0.88	-0.56	0.88	-0.36	0.88	-0.47	-0.63		NATR
	USNA	BRCC	WEST	LWAY	MAMA	ABVE	CHSCL	OTLY	VFF	NATR

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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

NATR	+ 0.88	WEST
CHSCL	+ 0.88	MAMA
NATR	+ 0.88	MAMA
NATR	+ 0.88	CHSCL
MAMA	+ 0.79	USNA
CHSCL	+ 0.79	USNA

High negative correlations

CHSCL	- 0.92	BRCC
NATR	- 0.88	BRCC
WEST	- 0.81	BRCC
MAMA	- 0.78	BRCC
BRCC	- 0.68	USNA
VFF	- 0.67	CHSCL

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
USNA	1.45	0.09	0.05	0.18	1.48	(1.79)	3.78	(2.32)	11.10
BRCC	3.06	(0.91)	0.00	(0.30)	0.00	0.00	5.15	(7.32)	19.48
WEST	2.36	0.32	0.09	2.77	2.67	(2.61)	4.48	(6.27)	18.25
LWAY	1.40	(0.12)	0.00	(0.39)	0.00	0.00	2.71	(2.82)	10.60
MAMA	2.13	0.68	0.25	(2.50)	1.89	(2.61)	4.44	(3.41)	36.68
ABVE	7.32	(0.40)	0.00	(0.18)	0.00	0.00	16.75	(14.98)	52.76
CHSCL	0.16	0.02	(0.16)	0.45	0.00	(0.19)	0.35	(0.31)	1.01
OTLY	3.11	(0.39)	0.00	(0.13)	0.00	0.00	6.07	(6.75)	20.33
VFF	2.99	(0.03)	0.00	0.18	0.00	0.00	6.53	(7.35)	27.78
NATR	1.77	0.46	0.19	1.41	1.77	(1.90)	3.98	(3.66)	11.63

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