BranchOut Food Correlations
| BOF Stock | 4.58 0.15 3.17% |
The current 90-days correlation between BranchOut Food Common and Farmer Bros Co is -0.04 (i.e., Good diversification). The correlation of BranchOut Food 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.
BranchOut Food Correlation With Market
Very good diversification
The correlation between BranchOut Food Common and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BranchOut Food Common and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with BranchOut Stock
Moving against BranchOut Stock
| 0.52 | MTM | MTM Critical Metals | PairCorr |
| 0.37 | T4H | TreeHouse Foods | PairCorr |
| 0.73 | FLO | Flowers Foods | PairCorr |
| 0.47 | FARM | Farmer Bros | PairCorr |
| 0.42 | FB1 | Farmer Bros | PairCorr |
| 0.35 | VOH | VEG OF LUND | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between BranchOut Stock performing well and BranchOut Food 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 BranchOut Food'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FARM | 1.82 | (0.01) | 0.00 | 0.11 | 0.00 | 3.97 | 13.54 | |||
| COOT | 4.19 | (0.44) | 0.00 | 18.39 | 0.00 | 7.94 | 42.57 | |||
| PAVS | 11.35 | (2.61) | 0.00 | (0.44) | 0.00 | 22.50 | 133.88 | |||
| NCRA | 4.89 | (1.50) | 0.00 | (0.57) | 0.00 | 10.23 | 37.96 | |||
| IMG | 7.44 | (2.52) | 0.00 | (0.77) | 0.00 | 16.67 | 47.57 | |||
| DSY | 3.52 | (1.40) | 0.00 | 1.22 | 0.00 | 6.61 | 25.88 | |||
| BNKK | 8.16 | 0.03 | 0.01 | 0.09 | 10.22 | 21.61 | 62.91 | |||
| JZ | 4.84 | (0.22) | 0.00 | 0.49 | 0.00 | 12.64 | 55.17 | |||
| JVA | 2.15 | (0.17) | 0.00 | (2.48) | 0.00 | 3.15 | 26.77 | |||
| RYET | 2.80 | (0.22) | 0.00 | 0.44 | 0.00 | 5.17 | 31.70 |