Mondelez International Correlations

MDLZ Stock

USD 57.83 0.40 0.70%

The current 90-days correlation between Mondelez International and Tootsie Roll Industries is -0.02 (i.e., Good diversification). The correlation of Mondelez International 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.

Mondelez International Correlation With Market

Modest diversification

The correlation between Mondelez International and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mondelez International 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 Mondelez International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Moving together with Mondelez Stock

0.86	BG	Bunge Limited	Pair Corr
0.9	LW	Lamb Weston Holdings	Pair Corr
0.81	MO	Altria Group	Pair Corr
0.74	TR	Tootsie Roll Industries Earnings Call Next Week	Pair Corr
0.91	DOLE	Dole PLC	Pair Corr
0.7	WEST	Westrock Coffee Earnings Call This Week	Pair Corr
0.89	FARM	Farmer Bros	Pair Corr
0.66	ADM	Archer Daniels Midland	Pair Corr
0.95	BUD	Anheuser Busch Inbev	Pair Corr
0.71	CAG	ConAgra Foods	Pair Corr
0.94	CPB	Campbell Soup	Pair Corr
0.73	DAR	Darling Ingredients Buyout Trend	Pair Corr
0.81	GIS	General Mills	Pair Corr
0.78	HSY	Hershey	Pair Corr
0.77	LND	Brasilagro Adr	Pair Corr
0.84	LSF	Laird Superfood	Pair Corr
0.77	CL	Colgate Palmolive	Pair Corr
0.64	DG	Dollar General	Pair Corr
0.79	GO	Grocery Outlet Holding	Pair Corr

Moving against Mondelez Stock

0.89	VITL	Vital Farms	Pair Corr
0.8	K	Kellanova	Pair Corr
0.66	EDBL	Edible Garden AG	Pair Corr
0.78	CCU	Compania Cervecerias	Pair Corr
0.46	BTI	British American Tobacco	Pair Corr
0.37	JVA	Coffee Holding	Pair Corr
0.66	DLTR	Dollar Tree	Pair Corr
0.56	DTCK	Davis Commodities	Pair Corr
0.53	EL	Estee Lauder Companies	Pair Corr
0.52	UG	United Guardian	Pair Corr
0.37	BJ	BJs Wholesale Club	Pair Corr

Related Correlations Analysis

	TR	RMCF	LDSVF	BRRLY	TROLB	HSY	PEFDF
TR		0.51	0.06	0.66	0.0	0.7	0.64	TR
RMCF	0.51		-0.25	0.7	0.0	0.77	0.64	RMCF
LDSVF	0.06	-0.25		0.09	0.0	-0.09	0.14	LDSVF
BRRLY	0.66	0.7	0.09		0.0	0.9	0.79	BRRLY
TROLB	0.0	0.0	0.0	0.0		0.0	0.0	TROLB
HSY	0.7	0.77	-0.09	0.9	0.0		0.8	HSY
PEFDF	0.64	0.64	0.14	0.79	0.0	0.8		PEFDF
	TR	RMCF	LDSVF	BRRLY	TROLB	HSY	PEFDF

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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

HSY	+ 0.9	BRRLY
PEFDF	+ 0.8	HSY
PEFDF	+ 0.79	BRRLY
HSY	+ 0.77	RMCF
HSY	+ 0.7	TR
BRRLY	+ 0.7	RMCF

High negative correlations

LDSVF	- 0.25	RMCF
HSY	- 0.09	LDSVF
PEFDF	- 0.0	TROLB
HSY	- 0.0	TROLB
TROLB	- 0.0	BRRLY
TROLB	- 0.0	LDSVF

Risk-Adjusted Indicators

There is a big difference between Mondelez Stock performing well and Mondelez International 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 Mondelez International'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
TR	1.08	0.00	(0.01)	0.00	1.64	(1.02)	1.67	(2.37)	7.70
RMCF	2.98	(0.47)	0.00	0.34	0.00	0.00	6.77	(6.28)	30.03
LDSVF	0.65	0.00	(0.02)	0.01	0.82	(1.48)	2.30	(2.18)	4.58
BRRLY	1.13	(0.61)	0.00	(1.19)	0.00	0.00	1.73	(2.48)	12.07
TROLB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HSY	1.51	(0.29)	0.00	(0.97)	0.00	0.00	2.00	(2.98)	16.29
PEFDF	0.66	(0.32)	0.00	1.95	0.00	0.00	0.00	(3.45)	9.38

Mondelez International Corporate Management

Mohit Bhalla	Vice Development	Profile
Stephanie Lilak	Executive Officer	Profile
Laura JD	Executive Counsel	Profile
Louise Stigant	Managing UK	Profile
Shep Dunlap	Vice Relations	Profile
Javier Polit	Chief Officer	Profile

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