Kraft Heinz Correlations

KHC Stock

USD 31.81 0.72 2.32%

The current 90-days correlation between Kraft Heinz and Bellring Brands LLC is 0.35 (i.e., Weak diversification). The correlation of Kraft Heinz 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.

Kraft Heinz Correlation With Market

Weak diversification

The correlation between Kraft Heinz Co and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kraft Heinz Co and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kraft Heinz Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Kraft Stock

0.77	CAG	ConAgra Foods	Pair Corr
0.84	CPB	Campbell Soup	Pair Corr
0.73	FLO	Flowers Foods	Pair Corr
0.83	GIS	General Mills	Pair Corr
0.78	HRL	Hormel Foods Earnings Call This Week	Pair Corr
0.79	RGF	Real Good Food	Pair Corr
0.81	SJM	JM Smucker	Pair Corr
0.87	THS	Treehouse Foods	Pair Corr
0.91	JBSS	John B Sanfilippo	Pair Corr
0.65	NOMD	Nomad Foods	Pair Corr
0.75	POST	Post Holdings	Pair Corr
0.61	BG	Bunge Limited	Pair Corr
0.78	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.82	EL	Estee Lauder Companies	Pair Corr
0.66	FC	Franklin Covey	Pair Corr
0.87	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Kraft Stock

0.93	TPB	Turning Point Brands	Pair Corr
0.86	SMPL	Simply Good Foods Sell-off Trend	Pair Corr
0.82	SENEA	Seneca Foods Corp	Pair Corr
0.79	PPC	Pilgrims Pride Corp	Pair Corr
0.74	FTFT	Future Fintech Group	Pair Corr
0.7	INGR	Ingredion Incorporated	Pair Corr
0.62	BJ	BJs Wholesale Club	Pair Corr
0.53	LANC	Lancaster Colony	Pair Corr
0.49	PM	Philip Morris Intern	Pair Corr
0.36	K	Kellanova	Pair Corr
0.76	MO	Altria Group	Pair Corr
0.69	KR	Kroger Company Earnings Call This Week	Pair Corr
0.69	EEIQ	Elite Education Group	Pair Corr
0.63	LW	Lamb Weston Holdings	Pair Corr
0.56	JZ	Jianzhi Education	Pair Corr
0.41	TR	Tootsie Roll Industries	Pair Corr
0.32	BRCNF	Burcon NutraScience Corp	Pair Corr

Related Correlations Analysis

	BRBR	INGR	NOMD	POST	SMPL
BRBR		0.71	-0.78	-0.73	0.85	BRBR
INGR	0.71		-0.52	-0.56	0.73	INGR
NOMD	-0.78	-0.52		0.79	-0.48	NOMD
POST	-0.73	-0.56	0.79		-0.54	POST
SMPL	0.85	0.73	-0.48	-0.54		SMPL
	BRBR	INGR	NOMD	POST	SMPL

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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

SMPL	+ 0.85	BRBR
POST	+ 0.79	NOMD
SMPL	+ 0.73	INGR
INGR	+ 0.71	BRBR

High negative correlations

NOMD	- 0.78	BRBR
POST	- 0.73	BRBR
POST	- 0.56	INGR
SMPL	- 0.54	POST
NOMD	- 0.52	INGR
SMPL	- 0.48	NOMD

Risk-Adjusted Indicators

There is a big difference between Kraft Stock performing well and Kraft Heinz 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 Kraft Heinz'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
BRBR	0.87	0.49	0.45	1.41	0.11	(1.15)	2.61	(0.91)	4.71
INGR	0.88	0.13	0.05	0.48	1.07	(1.08)	1.46	(1.31)	21.14
NOMD	1.15	(0.04)	0.00	(0.10)	0.00	0.00	2.03	(2.59)	6.49
POST	0.74	(0.03)	(0.12)	0.01	0.90	(0.76)	1.73	(1.54)	3.27
SMPL	1.14	0.24	0.14	0.54	1.03	(1.26)	2.91	(1.69)	5.79

Kraft Heinz Corporate Management

Angel JD	Global VP	Profile
Robert Gorski	Executive Chain	Profile
Chris Asher	Acting Controller	Profile
Yang Xu	Sr Devel	Profile

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