Hain Celestial Correlations

HAIN Stock

USD 4.69 0.02 0.42%

The current 90-days correlation between Hain Celestial and J J Snack is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hain Celestial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Hain Celestial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hain Celestial Correlation With Market

Significant diversification

The correlation between The Hain Celestial and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hain Celestial and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hain Celestial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Hain Stock

0.76	LW	Lamb Weston Holdings	Pair Corr
0.81	PM	Philip Morris Intern	Pair Corr
0.7	WEST	Westrock Coffee	Pair Corr
0.64	FLO	Flowers Foods	Pair Corr
0.75	FMX	Fomento Economico	Pair Corr
0.68	SAM	Boston Beer	Pair Corr

Moving against Hain Stock

0.79	K	Kellanova	Pair Corr
0.59	EDBL	Edible Garden AG	Pair Corr
0.52	VITL	Vital Farms	Pair Corr
0.54	RLX	RLX Technology	Pair Corr

Related Correlations Analysis

	JJSF	LANC	THS	SMPL	POST	CENTA	BRBR	UTZ	JBSS	SENEB
JJSF		0.84	0.22	0.33	0.32	0.32	0.16	0.71	-0.06	-0.49	JJSF
LANC	0.84		0.05	0.39	0.33	0.49	0.24	0.68	-0.05	-0.45	LANC
THS	0.22	0.05		-0.54	-0.11	-0.52	-0.61	0.2	0.44	-0.17	THS
SMPL	0.33	0.39	-0.54		0.6	0.91	0.9	0.19	-0.41	0.03	SMPL
POST	0.32	0.33	-0.11	0.6		0.67	0.5	0.52	0.2	0.05	POST
CENTA	0.32	0.49	-0.52	0.91	0.67		0.87	0.28	-0.25	-0.02	CENTA
BRBR	0.16	0.24	-0.61	0.9	0.5	0.87		-0.09	-0.36	0.18	BRBR
UTZ	0.71	0.68	0.2	0.19	0.52	0.28	-0.09		0.03	-0.46	UTZ
JBSS	-0.06	-0.05	0.44	-0.41	0.2	-0.25	-0.36	0.03		0.16	JBSS
SENEB	-0.49	-0.45	-0.17	0.03	0.05	-0.02	0.18	-0.46	0.16		SENEB
	JJSF	LANC	THS	SMPL	POST	CENTA	BRBR	UTZ	JBSS	SENEB

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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

CENTA	+ 0.91	SMPL
BRBR	+ 0.9	SMPL
BRBR	+ 0.87	CENTA
LANC	+ 0.84	JJSF
UTZ	+ 0.71	JJSF
UTZ	+ 0.68	LANC

High negative correlations

BRBR	- 0.61	THS
SMPL	- 0.54	THS
CENTA	- 0.52	THS
SENEB	- 0.49	JJSF
SENEB	- 0.46	UTZ
SENEB	- 0.45	LANC

Risk-Adjusted Indicators

There is a big difference between Hain Stock performing well and Hain Celestial 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 Hain Celestial'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
JJSF	1.09	(0.24)	0.00	(0.29)	0.00	0.00	2.23	(2.56)	9.60
LANC	1.43	(0.01)	(0.01)	0.01	1.93	(1.45)	3.28	(2.41)	8.36
THS	1.65	(0.22)	0.00	(0.24)	0.00	0.00	3.00	(3.44)	17.32
SMPL	1.15	(0.01)	(0.02)	(0.08)	1.73	(1.19)	2.91	(2.50)	9.70
POST	0.86	(0.11)	0.00	(0.21)	0.00	0.00	1.81	(1.85)	6.08
CENTA	1.39	0.08	0.04	0.17	1.63	(1.54)	3.15	(2.45)	10.79
BRBR	1.07	0.18	0.13	0.52	1.12	(1.11)	2.76	(2.07)	6.36
UTZ	1.63	(0.30)	0.00	(0.51)	0.00	0.00	2.85	(4.13)	12.21
JBSS	1.26	(0.08)	0.00	(0.10)	0.00	0.00	2.46	(2.52)	10.93
SENEB	1.43	0.23	0.08	(0.71)	1.50	(2.46)	4.02	(2.64)	15.71

Hain Celestial Corporate Management

JoAnn Murray	Chief Officer	Profile
Kevin Lasher	VP Care	Profile
Ken Thomas	Chief Services	Profile
Catherine Empringham	Chief Kitchen	Profile
David Karch	Ex COO	Profile

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