JM Smucker Correlations

SJM Stock

USD 113.89 1.81 1.61%

The current 90-days correlation between JM Smucker and Better Choice is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JM Smucker moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JM Smucker moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

JM Smucker Correlation With Market

Significant diversification

The correlation between JM Smucker and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JM Smucker and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in JM Smucker. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

To learn how to invest in SJM Stock, please use our How to Invest in JM Smucker guide.

Moving together with SJM Stock

0.7	ADM	Archer Daniels Midland	Pair Corr
0.67	BGS	BG Foods	Pair Corr
0.68	BUD	Anheuser Busch Inbev	Pair Corr
0.72	CAG	ConAgra Foods	Pair Corr
0.79	CPB	Campbell Soup	Pair Corr
0.78	FLO	Flowers Foods	Pair Corr
0.69	FMX	Fomento Economico	Pair Corr
0.74	GIS	General Mills	Pair Corr
0.72	HRL	Hormel Foods Earnings Call This Week	Pair Corr
0.72	HSY	Hershey	Pair Corr
0.82	KHC	Kraft Heinz	Pair Corr
0.71	MKC	McCormick Company Fiscal Year End 23rd of January 2025	Pair Corr
0.68	RGF	Real Good Food	Pair Corr

Moving against SJM Stock

0.68	FDP	Fresh Del Monte	Pair Corr
0.64	LW	Lamb Weston Holdings	Pair Corr
0.62	DAR	Darling Ingredients	Pair Corr
0.6	MO	Altria Group	Pair Corr
0.58	PM	Philip Morris Intern	Pair Corr
0.51	FRPT	Freshpet	Pair Corr
0.77	TPB	Turning Point Brands	Pair Corr
0.73	LSF	Laird Superfood	Pair Corr
0.72	PPC	Pilgrims Pride Corp	Pair Corr
0.62	SAM	Boston Beer	Pair Corr
0.6	TAP	Molson Coors Brewing	Pair Corr
0.57	SENEA	Seneca Foods Corp	Pair Corr
0.51	INGR	Ingredion Incorporated	Pair Corr
0.37	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 SJM Stock performing well and JM Smucker 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 JM Smucker'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
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

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