Barfresh Food Correlations

BRFH Stock

USD 2.70 0.25 8.47%

The current 90-days correlation between Barfresh Food Group and Monster Beverage Corp is -0.05 (i.e., Good diversification). The correlation of Barfresh 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.

Barfresh Food Correlation With Market

Average diversification

The correlation between Barfresh Food Group and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barfresh Food Group 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 Barfresh Food Group. 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.

Moving together with Barfresh Stock

0.65	REED	Reeds Inc	Pair Corr
0.64	CCEP	Coca Cola European	Pair Corr
0.62	COKE	Coca Cola Consolidated	Pair Corr
0.67	BG	Bunge Limited	Pair Corr
0.67	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr

Moving against Barfresh Stock

0.76	K	Kellanova	Pair Corr
0.75	MNST	Monster Beverage Corp	Pair Corr
0.74	PRMB	Primo Brands	Pair Corr
0.6	BJ	BJs Wholesale Club Buyout Trend	Pair Corr
0.59	WTER	Alkaline Water	Pair Corr
0.59	COCO	Vita Coco	Pair Corr
0.85	VINE	Fresh Grapes LLC	Pair Corr
0.76	LW	Lamb Weston Holdings	Pair Corr
0.7	KR	Kroger Company Earnings Call This Week	Pair Corr
0.65	WILC	G Willi Food Trending	Pair Corr
0.61	VITL	Vital Farms	Pair Corr
0.37	PM	Philip Morris Intern	Pair Corr
0.35	BRLSW	Borealis Foods Symbol Change	Pair Corr

Related Correlations Analysis

	MNST	COCO	PEP	KO	KOF	FIZZ	CELH	KDP	CCEP	COKE
MNST		0.84	-0.52	-0.6	-0.41	0.66	-0.74	-0.43	-0.44	-0.65	MNST
COCO	0.84		-0.82	-0.84	-0.65	0.79	-0.74	-0.75	-0.56	-0.77	COCO
PEP	-0.52	-0.82		0.82	0.64	-0.64	0.67	0.81	0.59	0.67	PEP
KO	-0.6	-0.84	0.82		0.82	-0.68	0.61	0.95	0.64	0.76	KO
KOF	-0.41	-0.65	0.64	0.82		-0.52	0.53	0.82	0.39	0.55	KOF
FIZZ	0.66	0.79	-0.64	-0.68	-0.52		-0.5	-0.58	-0.35	-0.45	FIZZ
CELH	-0.74	-0.74	0.67	0.61	0.53	-0.5		0.47	0.4	0.59	CELH
KDP	-0.43	-0.75	0.81	0.95	0.82	-0.58	0.47		0.6	0.74	KDP
CCEP	-0.44	-0.56	0.59	0.64	0.39	-0.35	0.4	0.6		0.61	CCEP
COKE	-0.65	-0.77	0.67	0.76	0.55	-0.45	0.59	0.74	0.61		COKE
	MNST	COCO	PEP	KO	KOF	FIZZ	CELH	KDP	CCEP	COKE

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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

KDP	+ 0.95	KO
COCO	+ 0.84	MNST
KO	+ 0.82	PEP
KOF	+ 0.82	KO
KDP	+ 0.82	KOF
KDP	+ 0.81	PEP

High negative correlations

KO	- 0.84	COCO
PEP	- 0.82	COCO
COKE	- 0.77	COCO
KDP	- 0.75	COCO
CELH	- 0.74	COCO
CELH	- 0.74	MNST

Risk-Adjusted Indicators

There is a big difference between Barfresh Stock performing well and Barfresh 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 Barfresh 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
MNST	1.09	0.18	0.07	0.51	1.54	(1.19)	2.51	(1.35)	11.37
COCO	1.62	0.55	0.23	1.02	1.51	(1.74)	3.72	(3.13)	11.39
PEP	0.65	(0.15)	0.00	3.39	0.00	0.00	1.24	(1.38)	6.65
KO	0.68	(0.15)	0.00	(1.98)	0.00	0.00	1.11	(1.66)	4.07
KOF	1.14	(0.23)	0.00	(0.56)	0.00	0.00	2.21	(2.27)	5.30
FIZZ	0.91	0.02	(0.03)	0.14	1.08	(0.92)	2.13	(1.89)	6.35
CELH	2.70	(0.56)	0.00	(0.83)	0.00	0.00	5.82	(5.22)	20.47
KDP	0.76	(0.19)	0.00	(0.44)	0.00	0.00	1.46	(2.08)	6.67
CCEP	0.79	(0.03)	(0.08)	(0.01)	1.14	(0.71)	1.39	(1.75)	4.77
COKE	1.23	(0.09)	0.00	(0.04)	0.00	0.00	3.09	(1.71)	10.48

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