Beyond Meat Correlations

BYND Stock

USD 0.94 0.05 5.70%

The current 90-days correlation between Beyond Meat and Above Food Ingredients is -0.06 (i.e., Good diversification). The correlation of Beyond Meat 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.

Beyond Meat Correlation With Market

Average diversification

The correlation between Beyond Meat 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 Beyond Meat and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beyond Meat. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For information on how to trade Beyond Stock refer to our How to Trade Beyond Stock guide.

Moving together with Beyond Stock

0.66	WEST	Westrock Coffee	Pair Corr
0.62	STKH	Steakholder Foods	Pair Corr

Moving against Beyond Stock

0.5	PPERY	Bank Mandiri Persero	Pair Corr
0.49	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.42	TSN	Tyson Foods	Pair Corr
0.34	PPERF	Bank Mandiri Persero	Pair Corr
0.56	CAT	Caterpillar	Pair Corr
0.52	JNJ	Johnson Johnson	Pair Corr
0.47	FTV	Fortive Corp	Pair Corr
0.46	MRK	Merck Company	Pair Corr
0.44	TLK	Telkom Indonesia Tbk	Pair Corr
0.43	TRV	The Travelers Companies	Pair Corr
0.43	BAC	Bank of America	Pair Corr
0.4	AA	Alcoa Corp	Pair Corr
0.39	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.35	WMT	Walmart Common Stock	Pair Corr
0.33	KO	Coca Cola Sell-off Trend	Pair Corr

Related Correlations Analysis

	ABVE	STKL	WEST	DNUT	SENEA	LINC	HELE	APEI	MAMA
ABVE		0.74	0.71	-0.57	0.04	-0.29	-0.07	-0.16	-0.49	ABVE
STKL	0.74		0.82	-0.65	-0.16	-0.04	0.43	0.2	-0.48	STKL
WEST	0.71	0.82		-0.43	0.13	0.14	0.24	0.29	-0.38	WEST
DNUT	-0.57	-0.65	-0.43		-0.16	0.36	-0.05	0.03	0.67	DNUT
SENEA	0.04	-0.16	0.13	-0.16		-0.02	-0.39	0.06	-0.35	SENEA
LINC	-0.29	-0.04	0.14	0.36	-0.02		0.35	0.83	0.62	LINC
HELE	-0.07	0.43	0.24	-0.05	-0.39	0.35		0.5	0.1	HELE
APEI	-0.16	0.2	0.29	0.03	0.06	0.83	0.5		0.43	APEI
MAMA	-0.49	-0.48	-0.38	0.67	-0.35	0.62	0.1	0.43		MAMA
	ABVE	STKL	WEST	DNUT	SENEA	LINC	HELE	APEI	MAMA

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

APEI	+ 0.83	LINC
WEST	+ 0.82	STKL
STKL	+ 0.74	ABVE
WEST	+ 0.71	ABVE
MAMA	+ 0.67	DNUT
MAMA	+ 0.62	LINC

High negative correlations

DNUT	- 0.65	STKL
DNUT	- 0.57	ABVE
MAMA	- 0.49	ABVE
MAMA	- 0.48	STKL
DNUT	- 0.43	WEST
HELE	- 0.39	SENEA

Risk-Adjusted Indicators

There is a big difference between Beyond Stock performing well and Beyond Meat 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 Beyond Meat'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
ABVE	8.79	0.70	0.06	1.52	10.61	(10.11)	20.09	(20.18)	65.39
STKL	2.35	(0.79)	0.00	(0.33)	0.00	0.00	3.98	(3.66)	29.69
WEST	2.61	(0.24)	0.00	(0.42)	0.00	0.00	8.01	(6.70)	18.25
DNUT	3.29	0.09	0.04	0.13	3.61	(3.51)	7.71	(5.74)	21.37
SENEA	1.62	0.02	(0.02)	0.16	2.28	(1.61)	2.75	(3.34)	12.80
LINC	2.14	0.02	0.02	0.09	2.89	(2.09)	3.68	(4.66)	20.71
HELE	2.63	(0.38)	0.00	(0.14)	0.00	0.00	4.40	(5.04)	28.84
APEI	1.64	(0.09)	0.00	(0.01)	0.00	0.00	4.88	(3.52)	10.54
MAMA	1.98	0.39	0.12	(1.19)	2.07	(2.28)	3.30	(2.96)	36.68

Beyond Meat Corporate Management

Yi Luo	Corporate VP	Profile
Dariush Ajami	Chief Officer	Profile
Chad Peffer	Interim Officer	Profile
Drew Lufkin	Senior Sales	Profile
Margaret Trask	Chief Officer	Profile
Paul Sheppard	Vice Relations	Profile

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