Beyond Meat Correlations

BYND Stock

USD 4.07 0.04 0.99%

The current 90-days correlation between Beyond Meat and Tattooed Chef is -0.11 (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 0.12 (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.

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 board of governors.

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

Moving together with Beyond Stock

0.61	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.86	FMX	Fomento Economico	Pair Corr
0.76	LWAY	Lifeway Foods	Pair Corr
0.75	OTLY	Oatly Group AB	Pair Corr
0.69	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.7	BG	Bunge Limited Earnings Call This Week	Pair Corr
0.61	DG	Dollar General	Pair Corr
0.7	FC	Franklin Covey	Pair Corr
0.72	KO	Coca Cola Earnings Call This Week	Pair Corr
0.61	LW	Lamb Weston Holdings	Pair Corr
0.72	UG	United Guardian	Pair Corr
0.75	UL	Unilever PLC ADR	Pair Corr
0.79	YQ	17 Education Technology	Pair Corr
0.86	DOLE	Dole PLC	Pair Corr

Moving against Beyond Stock

0.78	PAVS	Paranovus Entertainment	Pair Corr
0.73	JVA	Coffee Holding	Pair Corr
0.65	K	Kellanova Earnings Call This Week	Pair Corr
0.65	BTI	British American Tobacco Earnings Call This Week	Pair Corr
0.65	TPB	Turning Point Brands	Pair Corr
0.62	RKDA	Arcadia Biosciences	Pair Corr
0.44	SNAXW	Stryve Foods	Pair Corr
0.89	BRID	Bridgford Foods	Pair Corr
0.73	KR	Kroger Company Sell-off Trend	Pair Corr
0.73	DLTR	Dollar Tree	Pair Corr
0.63	BJ	BJs Wholesale Club	Pair Corr
0.38	TR	Tootsie Roll Industries	Pair Corr

Related Correlations Analysis

	VGFCQ	SMFL	KHC	HRL	K	GIS	CAG	CPB	MKC	BSFC
VGFCQ		-0.22	-0.44	-0.23	0.32	-0.49	-0.4	-0.42	-0.49	-0.11	VGFCQ
SMFL	-0.22		0.82	-0.23	-0.82	0.72	0.73	0.87	0.24	0.9	SMFL
KHC	-0.44	0.82		0.14	-0.73	0.92	0.93	0.9	0.58	0.66	KHC
HRL	-0.23	-0.23	0.14		-0.04	0.36	0.27	0.11	0.74	-0.42	HRL
K	0.32	-0.82	-0.73	-0.04		-0.78	-0.73	-0.86	-0.47	-0.75	K
GIS	-0.49	0.72	0.92	0.36	-0.78		0.93	0.9	0.73	0.54	GIS
CAG	-0.4	0.73	0.93	0.27	-0.73	0.93		0.84	0.67	0.56	CAG
CPB	-0.42	0.87	0.9	0.11	-0.86	0.9	0.84		0.55	0.72	CPB
MKC	-0.49	0.24	0.58	0.74	-0.47	0.73	0.67	0.55		0.04	MKC
BSFC	-0.11	0.9	0.66	-0.42	-0.75	0.54	0.56	0.72	0.04		BSFC
	VGFCQ	SMFL	KHC	HRL	K	GIS	CAG	CPB	MKC	BSFC

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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

CAG	+ 0.93	KHC
CAG	+ 0.93	GIS
GIS	+ 0.92	KHC
BSFC	+ 0.9	SMFL
CPB	+ 0.9	KHC
CPB	+ 0.9	GIS

High negative correlations

CPB	- 0.86	K
K	- 0.82	SMFL
GIS	- 0.78	K
BSFC	- 0.75	K
CAG	- 0.73	K
K	- 0.73	KHC

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
VGFCQ	15.36	(4.80)	0.00	(3.29)	0.00	0.00	64.29	(73.08)	79.29
SMFL	10.70	(4.36)	0.00	(4.40)	0.00	0.00	17.44	(25.00)	142.62
KHC	1.01	(0.24)	0.00	(0.53)	0.00	0.00	2.06	(2.27)	6.83
HRL	1.02	(0.04)	0.00	(0.76)	0.00	0.00	2.18	(2.03)	6.26
K	0.17	0.01	(0.36)	0.42	0.07	(0.19)	0.35	(0.35)	0.86
GIS	0.99	(0.20)	0.00	(0.57)	0.00	0.00	1.46	(3.05)	5.34
CAG	0.97	(0.15)	0.00	(0.54)	0.00	0.00	1.82	(2.46)	5.36
CPB	1.15	(0.31)	0.00	(1.63)	0.00	0.00	1.48	(2.97)	8.10
MKC	0.95	(0.04)	0.00	(1.37)	0.00	0.00	2.47	(1.50)	7.38
BSFC	8.97	(1.14)	0.00	(6.10)	0.00	0.00	25.00	(16.22)	100.60

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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