Lifeway Foods Correlations

LWAY Stock

USD 24.18 0.17 0.71%

The current 90-days correlation between Lifeway Foods and Better Choice is -0.14 (i.e., Good diversification). The correlation of Lifeway Foods 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.

Lifeway Foods Correlation With Market

Average diversification

The correlation between Lifeway Foods and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifeway Foods 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 Lifeway Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Lifeway Stock please use our How to Invest in Lifeway Foods guide.

Moving together with Lifeway Stock

0.73	K	Kellanova	Pair Corr
0.63	LW	Lamb Weston Holdings	Pair Corr
0.71	VITL	Vital Farms	Pair Corr
0.74	JVA	Coffee Holding	Pair Corr

Moving against Lifeway Stock

0.92	FARM	Farmer Bros	Pair Corr
0.89	EDBL	Edible Garden AG	Pair Corr
0.84	WEST	Westrock Coffee	Pair Corr
0.59	FMX	Fomento Economico	Pair Corr
0.58	DDC	DDC Enterprise	Pair Corr
0.55	CPB	Campbell Soup	Pair Corr
0.53	BTI	British American Tobacco Sell-off Trend	Pair Corr
0.52	BON	Bon Natural Life	Pair Corr
0.52	HRL	Hormel Foods Earnings Call This Week	Pair Corr
0.49	BG	Bunge Limited	Pair Corr
0.43	ADM	Archer Daniels Midland	Pair Corr
0.42	CAG	ConAgra Foods	Pair Corr
0.32	FLO	Flowers Foods	Pair Corr
0.79	XXII	22nd Century Group	Pair Corr
0.78	TSN	Tyson Foods	Pair Corr
0.65	VFF	Village Farms Intern	Pair Corr
0.63	RGF	Real Good Food	Pair Corr
0.57	HSY	Hershey	Pair Corr
0.57	LND	Brasilagro Adr	Pair Corr
0.39	UVV	Universal	Pair Corr

Related Correlations Analysis

	BTTR	BDPT	BEOLF	BON	GHAV	BTOG	PLAG
BTTR		0.15	0.23	0.57	0.63	-0.01	-0.41	BTTR
BDPT	0.15		0.41	0.25	-0.04	0.22	-0.19	BDPT
BEOLF	0.23	0.41		0.44	0.05	0.15	-0.5	BEOLF
BON	0.57	0.25	0.44		0.13	0.29	-0.58	BON
GHAV	0.63	-0.04	0.05	0.13		-0.47	0.17	GHAV
BTOG	-0.01	0.22	0.15	0.29	-0.47		-0.57	BTOG
PLAG	-0.41	-0.19	-0.5	-0.58	0.17	-0.57		PLAG
	BTTR	BDPT	BEOLF	BON	GHAV	BTOG	PLAG

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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

GHAV	+ 0.63	BTTR
BON	+ 0.57	BTTR
BON	+ 0.44	BEOLF
BEOLF	+ 0.41	BDPT
BTOG	+ 0.29	BON
BON	+ 0.25	BDPT

High negative correlations

PLAG	- 0.58	BON
PLAG	- 0.57	BTOG
PLAG	- 0.5	BEOLF
BTOG	- 0.47	GHAV
PLAG	- 0.41	BTTR
PLAG	- 0.19	BDPT

Risk-Adjusted Indicators

There is a big difference between Lifeway Stock performing well and Lifeway Foods 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 Lifeway Foods' 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
BTTR	5.80	(0.61)	0.00	(0.19)	0.00	0.00	9.94	(12.38)	33.95
BDPT	11.26	0.75	0.01	(0.09)	13.85	(34.16)	50.00	(33.33)	121.43
BEOLF	2.02	0.04	0.00	0.16	2.51	(3.13)	5.93	(4.55)	21.61
BON	3.82	(0.48)	0.00	(0.96)	0.00	0.00	9.09	(6.76)	19.07
GHAV	6.61	0.85	0.04	(0.40)	7.73	(16.30)	20.00	(16.67)	49.49
BTOG	4.83	(0.19)	0.00	(0.16)	0.00	0.00	11.49	(11.38)	33.17
PLAG	6.92	1.58	0.16	(0.64)	6.82	(9.49)	25.42	(12.24)	57.53

Lifeway Foods Corporate Executives

Elected by the shareholders, the Lifeway Foods' board of directors comprises two types of representatives: Lifeway Foods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lifeway. The board's role is to monitor Lifeway Foods' management team and ensure that shareholders' interests are well served. Lifeway Foods' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lifeway Foods' outside directors are responsible for providing unbiased perspectives on the board's policies.

Eric Hanson

Interim CFO, Chief Accounting Officer

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