Ingredion Incorporated Correlations

INGR Stock

USD 137.36 0.69 0.50%

The current 90-days correlation between Ingredion Incorporated and Lancaster Colony is 0.28 (i.e., Modest diversification). The correlation of Ingredion Incorporated 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.

Ingredion Incorporated Correlation With Market

Very weak diversification

The correlation between Ingredion Incorporated and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ingredion Incorporated 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 Ingredion Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Ingredion Stock, please use our How to Invest in Ingredion Incorporated guide.

Moving together with Ingredion Stock

0.68	MO	Altria Group	Pair Corr
0.74	WEST	Westrock Coffee	Pair Corr
0.61	KLG	WK Kellogg	Pair Corr
0.64	SAM	Boston Beer	Pair Corr
0.72	TSN	Tyson Foods Earnings Call This Week	Pair Corr
0.67	GO	Grocery Outlet Holding	Pair Corr
0.64	LW	Lamb Weston Holdings	Pair Corr

Moving against Ingredion Stock

0.55	PAVS	Paranovus Entertainment	Pair Corr
0.48	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.44	RKDA	Arcadia Biosciences	Pair Corr
0.43	BRID	Bridgford Foods	Pair Corr
0.39	K	Kellanova Earnings Call This Week	Pair Corr
0.59	VITL	Vital Farms	Pair Corr
0.59	EAST	Eastside Distilling Symbol Change	Pair Corr
0.51	EDBL	Edible Garden AG	Pair Corr
0.47	DTCK	Davis Commodities	Pair Corr
0.47	BRLSW	Borealis Foods Symbol Change	Pair Corr
0.39	WVVI	Willamette Valley	Pair Corr
0.33	DLTR	Dollar Tree	Pair Corr
0.32	FAMI	Farmmi Inc	Pair Corr
0.31	WILC	G Willi Food	Pair Corr

Related Correlations Analysis

	LANC	THS	JBSS	SENEA	SENEB	BRBR	PPC	SJM	NOMD	POST
LANC		0.23	0.07	-0.21	-0.27	0.02	0.77	0.66	0.53	0.5	LANC
THS	0.23		0.29	-0.55	0.13	-0.6	0.13	0.31	0.28	-0.12	THS
JBSS	0.07	0.29		-0.01	0.31	-0.21	-0.33	0.05	0.1	0.11	JBSS
SENEA	-0.21	-0.55	-0.01		0.25	0.78	-0.4	-0.22	-0.23	0.34	SENEA
SENEB	-0.27	0.13	0.31	0.25		0.1	-0.43	-0.27	-0.12	-0.1	SENEB
BRBR	0.02	-0.6	-0.21	0.78	0.1		-0.05	-0.05	0.14	0.49	BRBR
PPC	0.77	0.13	-0.33	-0.4	-0.43	-0.05		0.6	0.46	0.31	PPC
SJM	0.66	0.31	0.05	-0.22	-0.27	-0.05	0.6		0.64	0.73	SJM
NOMD	0.53	0.28	0.1	-0.23	-0.12	0.14	0.46	0.64		0.61	NOMD
POST	0.5	-0.12	0.11	0.34	-0.1	0.49	0.31	0.73	0.61		POST
	LANC	THS	JBSS	SENEA	SENEB	BRBR	PPC	SJM	NOMD	POST

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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

BRBR	+ 0.78	SENEA
PPC	+ 0.77	LANC
POST	+ 0.73	SJM
SJM	+ 0.66	LANC
NOMD	+ 0.64	SJM
POST	+ 0.61	NOMD

High negative correlations

BRBR	- 0.6	THS
SENEA	- 0.55	THS
PPC	- 0.43	SENEB
PPC	- 0.4	SENEA
PPC	- 0.33	JBSS
SJM	- 0.27	SENEB

Risk-Adjusted Indicators

There is a big difference between Ingredion Stock performing well and Ingredion Incorporated 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 Ingredion Incorporated'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
LANC	1.46	(0.10)	0.00	(0.09)	0.00	0.00	3.28	(2.41)	8.36
THS	1.65	(0.19)	0.00	(0.17)	0.00	0.00	3.00	(3.55)	17.32
JBSS	1.43	(0.27)	0.00	(2.12)	0.00	0.00	2.46	(2.78)	10.93
SENEA	1.48	0.20	0.07	0.72	1.64	(1.66)	3.12	(2.43)	13.63
SENEB	1.41	0.32	0.07	(0.41)	1.45	(2.47)	4.02	(2.64)	17.89
BRBR	1.18	0.26	0.15	0.63	1.10	(1.25)	2.80	(2.07)	6.20
PPC	1.47	(0.02)	(0.03)	0.06	1.81	(1.56)	3.57	(2.94)	9.85
SJM	1.19	(0.18)	0.00	(0.35)	0.00	0.00	2.38	(2.40)	9.99
NOMD	1.29	(0.01)	(0.03)	0.07	1.83	(1.19)	2.87	(2.85)	8.03
POST	0.93	(0.11)	0.00	(0.13)	0.00	0.00	2.07	(1.85)	6.08

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