Simply Good Correlations

Simply Good Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Simply Good 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 employment.

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 FMX + 0.95 KOF CHD + 0.93 BG CHD + 0.91 KOF USFD + 0.91 CHD KOF + 0.87 BG USFD + 0.87 KOF

High negative correlations MKC - 0.08 BG

Risk-Adjusted Indicators

There is a big difference between Simply Stock performing well and Simply Good 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 Simply Good'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.