Ingredion Incorporated Correlations

INGR Stock

USD 119.90 1.18 0.99%

The current 90-days correlation between Ingredion Incorporated and ConAgra Foods is 0.62 (i.e., Poor 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 poor diversification

The correlation between Ingredion Incorporated and DJI is 0.85 (i.e., Very poor 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.

Build AI portfolio with Ingredion Stock

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 census.

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

Moving together with Ingredion Stock

0.92	DAR	Darling Ingredients	Pair Corr
0.72	LND	Brasilagro Adr	Pair Corr
0.88	TF7A	Tyson Foods	Pair Corr
0.64	Z85	Austevoll Seafood ASA	Pair Corr
0.88	OBYCF	Obayashi	Pair Corr
0.85	FIBK	First Interstate Ban	Pair Corr
0.88	APETF	Alpha Esports Tech	Pair Corr
0.63	NFG	National Fuel Gas	Pair Corr
0.86	RILYL	B Riley Financial	Pair Corr
0.88	TFLM	TFLM	Pair Corr
0.85	SECVY	Seche Environnement	Pair Corr
0.89	YLLXF	Yellow Cake plc	Pair Corr
0.92	ENS	Enersys	Pair Corr
0.88	RCKY	Rocky Brands	Pair Corr
0.73	BNKHF	BOC Hong Kong	Pair Corr

Moving against Ingredion Stock

0.88	AHF	Australian Dairy Nut	Pair Corr
0.79	PTFY	Plantify Foods	Pair Corr
0.77	ROBOF	RoboGroup TEK	Pair Corr
0.73	EQC	Equity Commonwealth	Pair Corr
0.62	WOA	Wide Open Agriculture	Pair Corr
0.56	CDIV	Cascadia Investments	Pair Corr
0.42	VFF	Village Farms Intern	Pair Corr
0.38	ABVE	Above Food Ingredients	Pair Corr
0.35	IVVD	Invivyd	Pair Corr
0.73	BROGF	BROGF	Pair Corr
0.41	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	CAG	CPB	PPC	POST	LW	SFM	OLLI	TAL	DAR	SFD
CAG		0.11	0.7	0.47	0.02	-0.68	-0.39	0.4	0.74	0.68	CAG
CPB	0.11		-0.5	0.57	0.8	0.37	0.66	0.02	-0.43	-0.52	CPB
PPC	0.7	-0.5		0.0	-0.5	-0.78	-0.68	0.32	0.91	0.92	PPC
POST	0.47	0.57	0.0		0.29	-0.28	0.26	0.37	0.12	0.1	POST
LW	0.02	0.8	-0.5	0.29		0.43	0.58	0.03	-0.46	-0.52	LW
SFM	-0.68	0.37	-0.78	-0.28	0.43		0.52	-0.39	-0.83	-0.79	SFM
OLLI	-0.39	0.66	-0.68	0.26	0.58	0.52		-0.01	-0.53	-0.69	OLLI
TAL	0.4	0.02	0.32	0.37	0.03	-0.39	-0.01		0.46	0.38	TAL
DAR	0.74	-0.43	0.91	0.12	-0.46	-0.83	-0.53	0.46		0.88	DAR
SFD	0.68	-0.52	0.92	0.1	-0.52	-0.79	-0.69	0.38	0.88		SFD
	CAG	CPB	PPC	POST	LW	SFM	OLLI	TAL	DAR	SFD

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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

SFD	+ 0.92	PPC
DAR	+ 0.91	PPC
SFD	+ 0.88	DAR
LW	+ 0.8	CPB
DAR	+ 0.74	CAG
PPC	+ 0.7	CAG

High negative correlations

DAR	- 0.83	SFM
SFD	- 0.79	SFM
SFM	- 0.78	PPC
SFD	- 0.69	OLLI
OLLI	- 0.68	PPC
SFM	- 0.68	CAG

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
CAG	1.32	0.20	0.09	0.86	1.36	(1.39)	3.38	(2.35)	7.17
CPB	1.30	(0.02)	0.00	(0.34)	0.00	0.00	2.80	(3.06)	8.15
PPC	1.06	0.21	0.10	1.17	1.32	(1.29)	3.22	(1.69)	8.77
POST	1.33	0.01	(0.01)	0.10	1.82	(1.50)	2.28	(2.80)	10.35
LW	1.73	(0.29)	0.00	(0.48)	0.00	0.00	3.37	(2.72)	30.34
SFM	1.65	(0.35)	0.00	(0.36)	0.00	0.00	2.84	(3.58)	12.94
OLLI	1.65	(0.25)	0.00	(0.09)	0.00	0.00	3.30	(2.82)	9.34
TAL	2.12	0.03	0.00	0.12	2.15	(2.59)	5.32	(3.66)	23.09
DAR	1.63	0.54	0.30	0.56	1.26	(1.85)	4.51	(2.13)	10.67
SFD	0.81	0.17	0.10	2.49	0.71	(0.94)	1.90	(1.52)	4.79

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