Blue Star Correlations

BSFC Stock

USD 0.22 0.01 4.76%

The current 90-days correlation between Blue Star Foods and Better Choice is 0.1 (i.e., Average diversification). The correlation of Blue Star 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.

Blue Star Correlation With Market

Significant diversification

The correlation between Blue Star Foods and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Star 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 Blue Star 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.

Moving together with Blue Stock

0.7	BG	Bunge Limited	Pair Corr
0.89	EDBL	Edible Garden AG	Pair Corr
0.71	WEST	Westrock Coffee	Pair Corr
0.87	FARM	Farmer Bros	Pair Corr
0.73	ADM	Archer Daniels Midland	Pair Corr
0.77	BON	Bon Natural Life	Pair Corr
0.77	CPB	Campbell Soup	Pair Corr
0.9	DDC	DDC Enterprise	Pair Corr
0.87	FMX	Fomento Economico	Pair Corr
0.75	HRL	Hormel Foods Earnings Call This Week	Pair Corr
0.75	HSY	Hershey	Pair Corr
0.61	KHC	Kraft Heinz	Pair Corr
0.69	LND	Brasilagro Adr	Pair Corr
0.84	RGF	Real Good Food	Pair Corr

Moving against Blue Stock

0.82	LW	Lamb Weston Holdings	Pair Corr
0.75	K	Kellanova	Pair Corr
0.66	FDP	Fresh Del Monte	Pair Corr
0.57	FRPT	Freshpet	Pair Corr
0.51	PM	Philip Morris Intern	Pair Corr
0.35	TR	Tootsie Roll Industries	Pair Corr
0.79	LSF	Laird Superfood	Pair Corr
0.72	TPB	Turning Point Brands	Pair Corr
0.71	SENEA	Seneca Foods Corp	Pair Corr
0.67	JVA	Coffee Holding	Pair Corr
0.65	TAP	Molson Coors Brewing	Pair Corr
0.63	SAM	Boston Beer	Pair Corr
0.6	PPC	Pilgrims Pride Corp	Pair Corr
0.58	INGR	Ingredion Incorporated	Pair Corr
0.41	LANC	Lancaster Colony	Pair Corr
0.33	HAIN	Hain Celestial Buyout Trend	Pair Corr

Related Correlations Analysis

	BTTR	BDPT	BEOLF	BON	GHAV	BTOG	PLAG
BTTR		0.15	0.23	0.57	0.63	-0.01	-0.41	BTTR
BDPT	0.15		0.41	0.25	-0.04	0.22	-0.19	BDPT
BEOLF	0.23	0.41		0.44	0.05	0.15	-0.5	BEOLF
BON	0.57	0.25	0.44		0.13	0.29	-0.58	BON
GHAV	0.63	-0.04	0.05	0.13		-0.47	0.17	GHAV
BTOG	-0.01	0.22	0.15	0.29	-0.47		-0.57	BTOG
PLAG	-0.41	-0.19	-0.5	-0.58	0.17	-0.57		PLAG
	BTTR	BDPT	BEOLF	BON	GHAV	BTOG	PLAG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GHAV	+ 0.63	BTTR
BON	+ 0.57	BTTR
BON	+ 0.44	BEOLF
BEOLF	+ 0.41	BDPT
BTOG	+ 0.29	BON
BON	+ 0.25	BDPT

High negative correlations

PLAG	- 0.58	BON
PLAG	- 0.57	BTOG
PLAG	- 0.5	BEOLF
BTOG	- 0.47	GHAV
PLAG	- 0.41	BTTR
PLAG	- 0.19	BDPT

Risk-Adjusted Indicators

There is a big difference between Blue Stock performing well and Blue Star 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 Blue Star'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
BTTR	5.80	(0.61)	0.00	(0.19)	0.00	0.00	9.94	(12.38)	33.95
BDPT	11.26	0.75	0.01	(0.09)	13.85	(34.16)	50.00	(33.33)	121.43
BEOLF	2.02	0.04	0.00	0.16	2.51	(3.13)	5.93	(4.55)	21.61
BON	3.82	(0.48)	0.00	(0.96)	0.00	0.00	9.09	(6.76)	19.07
GHAV	6.61	0.85	0.04	(0.40)	7.73	(16.30)	20.00	(16.67)	49.49
BTOG	4.83	(0.19)	0.00	(0.16)	0.00	0.00	11.49	(11.38)	33.17
PLAG	6.92	1.58	0.16	(0.64)	6.82	(9.49)	25.42	(12.24)	57.53

Blue Star Corporate Executives

Elected by the shareholders, the Blue Star's board of directors comprises two types of representatives: Blue Star inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blue. The board's role is to monitor Blue Star's management team and ensure that shareholders' interests are well served. Blue Star's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Blue Star's outside directors are responsible for providing unbiased perspectives on the board's policies.

John Keeler

Executive Founder

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