Freshpet Correlations

FRPT Stock

USD 160.54 1.04 0.65%

The current 90-days correlation between Freshpet and Post Holdings is 0.09 (i.e., Significant diversification). The correlation of Freshpet 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Freshpet Correlation With Market

Modest diversification

The correlation between Freshpet and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freshpet and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freshpet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Freshpet Stock please use our How to Invest in Freshpet guide.

Moving against Freshpet Stock

0.4	RKDA	Arcadia Biosciences	Pair Corr
0.36	BRID	Bridgford Foods	Pair Corr

Related Correlations Analysis

	POST	SMPL	THS	JJSF	CENTA	JBSS	NOMD	CENT	LANC	SENEA
POST		0.75	-0.21	0.53	0.86	-0.09	0.67	0.87	0.49	0.45	POST
SMPL	0.75		-0.12	0.34	0.62	0.16	0.43	0.81	0.32	0.34	SMPL
THS	-0.21	-0.12		0.21	-0.43	0.31	0.35	-0.32	0.17	-0.51	THS
JJSF	0.53	0.34	0.21		0.38	-0.14	0.59	0.42	0.83	-0.37	JJSF
CENTA	0.86	0.62	-0.43	0.38		-0.17	0.32	0.95	0.49	0.64	CENTA
JBSS	-0.09	0.16	0.31	-0.14	-0.17		0.15	0.07	-0.01	-0.07	JBSS
NOMD	0.67	0.43	0.35	0.59	0.32	0.15		0.46	0.56	-0.22	NOMD
CENT	0.87	0.81	-0.32	0.42	0.95	0.07	0.46		0.47	0.57	CENT
LANC	0.49	0.32	0.17	0.83	0.49	-0.01	0.56	0.47		-0.19	LANC
SENEA	0.45	0.34	-0.51	-0.37	0.64	-0.07	-0.22	0.57	-0.19		SENEA
	POST	SMPL	THS	JJSF	CENTA	JBSS	NOMD	CENT	LANC	SENEA

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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

CENT	+ 0.95	CENTA
CENT	+ 0.87	POST
CENTA	+ 0.86	POST
LANC	+ 0.83	JJSF
CENT	+ 0.81	SMPL
SMPL	+ 0.75	POST

High negative correlations

SENEA	- 0.51	THS
CENTA	- 0.43	THS
SENEA	- 0.37	JJSF
CENT	- 0.32	THS
SENEA	- 0.22	NOMD
THS	- 0.21	POST

Risk-Adjusted Indicators

There is a big difference between Freshpet Stock performing well and Freshpet 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 Freshpet'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
POST	0.94	(0.07)	0.00	(0.06)	0.00	0.00	2.07	(1.85)	6.08
SMPL	1.36	0.20	0.09	0.47	1.57	(1.59)	3.11	(2.50)	9.70
THS	1.65	(0.13)	0.00	(0.75)	0.00	0.00	3.00	(3.55)	17.32
JJSF	1.12	(0.29)	0.00	(0.67)	0.00	0.00	2.23	(2.56)	9.60
CENTA	1.42	0.11	0.03	0.74	1.59	(1.56)	3.15	(2.45)	10.79
JBSS	1.27	(0.11)	0.00	(0.55)	0.00	0.00	2.46	(2.52)	10.93
NOMD	1.34	(0.03)	(0.03)	0.01	1.97	(1.16)	2.87	(2.85)	8.03
CENT	1.43	0.11	0.03	0.60	1.64	(1.61)	2.82	(2.35)	10.96
LANC	1.46	(0.08)	0.00	(0.07)	0.00	0.00	3.28	(2.41)	8.36
SENEA	1.48	0.23	0.09	0.79	1.65	(1.63)	3.12	(2.43)	13.63

Freshpet Corporate Executives

Elected by the shareholders, the Freshpet's board of directors comprises two types of representatives: Freshpet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Freshpet. The board's role is to monitor Freshpet's management team and ensure that shareholders' interests are well served. Freshpet'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, Freshpet's outside directors are responsible for providing unbiased perspectives on the board's policies.

Cathal Walsh

Co-Founder and Sr. VP of Cooler Operations

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