J J Correlations

JJSF Stock  USD 93.63  0.58  0.62%   
The current 90-days correlation between J J Snack and Nomad Foods is 0.26 (i.e., Modest diversification). The correlation of J J 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.

J J Correlation With Market

Very weak diversification

The correlation between J J Snack and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding J J Snack 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 J J Snack. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with JJSF Stock

  0.63DOLE Dole PLCPairCorr

Moving against JJSF Stock

  0.79002840 Zhejiang Huatong MeatPairCorr
  0.72300498 Guangdong Wens FoodstuffPairCorr
  0.68603336 Great Sun FoodsPairCorr
  0.62002650 Jiajia Food GroupPairCorr
  0.62FRM Farm Pride FoodsPairCorr
  0.5600872 Jonjee Hi techPairCorr
  0.41605300 Jiahe Foods IndustryPairCorr
  0.41002847 Yankershop FoodPairCorr
  0.39VITL Vital FarmsPairCorr
  0.36600429 Beijing Sanyuan FoodsPairCorr
  0.74002726 Shandong Longda MeatPairCorr
  0.72600597 Bright Dairy FoodPairCorr
  0.69003000 Jinzai Food GroupPairCorr
  0.68603517 Juewei FoodPairCorr
  0.65300908 Zhongjing FoodPairCorr
  0.58BTOG Bit OriginPairCorr
  0.52STI Solidion TechnologyPairCorr
  0.44002714 Muyuan FoodstuffPairCorr
  0.33000895 Henan Shuanghui InvePairCorr

Related Correlations Analysis


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

TPBANDE
FDPANDE
TPBFDP
WMKANDE
WMKFDP
STRAANDE
  

High negative correlations

UTICENT
UTINOMD
UTIFDP
UTITPB
UTIANDE
SMPLCENT

Risk-Adjusted Indicators

There is a big difference between JJSF Stock performing well and J J 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 J J'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.

J J Corporate Management

James CPAVP ControllerProfile
Stephen EveryExecutive OperationsProfile
Douglas DavidsonSenior DivisionProfile
Robert CranmerSenior OperationsProfile
Lynwood MallardSenior OfficerProfile
John GriffithChief OfficerProfile