Utz Brands Correlations

UTZ Stock

USD 13.47 0.05 0.37%

The current 90-days correlation between Utz Brands and J J Snack is 0.51 (i.e., Very weak diversification). The correlation of Utz Brands 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.

Utz Brands Correlation With Market

Modest diversification

The correlation between Utz Brands and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Utz Brands 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 Utz Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Utz Stock

0.61	WEST	Westrock Coffee	Pair Corr
0.67	FMX	Fomento Economico	Pair Corr
0.91	SAM	Boston Beer	Pair Corr
0.92	STZ	Constellation Brands	Pair Corr
0.73	TSN	Tyson Foods Earnings Call This Week	Pair Corr
0.67	INGR	Ingredion Incorporated Earnings Call This Week	Pair Corr
0.85	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.69	BG	Bunge Limited Earnings Call This Week	Pair Corr
0.77	CL	Colgate Palmolive	Pair Corr
0.75	DG	Dollar General	Pair Corr
0.66	FC	Franklin Covey	Pair Corr
0.67	JZ	Jianzhi Education	Pair Corr
0.9	LW	Lamb Weston Holdings	Pair Corr
0.7	UL	Unilever PLC ADR	Pair Corr
0.79	DOLE	Dole PLC	Pair Corr

Moving against Utz Stock

0.86	K	Kellanova Earnings Call This Week	Pair Corr
0.82	PAVS	Paranovus Entertainment	Pair Corr
0.46	SNAXW	Stryve Foods	Pair Corr
0.43	BTI	British American Tobacco Earnings Call This Week	Pair Corr
0.38	RKDA	Arcadia Biosciences	Pair Corr
0.6	BRID	Bridgford Foods	Pair Corr
0.54	DLTR	Dollar Tree	Pair Corr

Related Correlations Analysis

	POST	JJSF	HAIN	BRBR	SENEB	LANC	NOMD	PPC	INGR	THS
POST		0.59	0.57	0.49	-0.1	0.5	0.61	0.31	0.51	-0.12	POST
JJSF	0.59		0.87	-0.16	-0.44	0.84	0.55	0.81	0.73	0.25	JJSF
HAIN	0.57	0.87		-0.27	-0.38	0.69	0.7	0.67	0.49	0.36	HAIN
BRBR	0.49	-0.16	-0.27		0.1	0.02	0.14	-0.05	0.26	-0.6	BRBR
SENEB	-0.1	-0.44	-0.38	0.1		-0.27	-0.12	-0.43	-0.32	0.13	SENEB
LANC	0.5	0.84	0.69	0.02	-0.27		0.53	0.77	0.78	0.23	LANC
NOMD	0.61	0.55	0.7	0.14	-0.12	0.53		0.46	0.45	0.28	NOMD
PPC	0.31	0.81	0.67	-0.05	-0.43	0.77	0.46		0.81	0.13	PPC
INGR	0.51	0.73	0.49	0.26	-0.32	0.78	0.45	0.81		0.03	INGR
THS	-0.12	0.25	0.36	-0.6	0.13	0.23	0.28	0.13	0.03		THS
	POST	JJSF	HAIN	BRBR	SENEB	LANC	NOMD	PPC	INGR	THS

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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

HAIN	+ 0.87	JJSF
LANC	+ 0.84	JJSF
PPC	+ 0.81	JJSF
INGR	+ 0.81	PPC
INGR	+ 0.78	LANC
PPC	+ 0.77	LANC

High negative correlations

THS	- 0.6	BRBR
SENEB	- 0.44	JJSF
PPC	- 0.43	SENEB
SENEB	- 0.38	HAIN
INGR	- 0.32	SENEB
LANC	- 0.27	SENEB

Risk-Adjusted Indicators

There is a big difference between Utz Stock performing well and Utz Brands 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 Utz Brands' 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
POST	0.93	(0.11)	0.00	(0.13)	0.00	0.00	2.07	(1.85)	6.08
JJSF	1.11	(0.31)	0.00	(0.65)	0.00	0.00	2.23	(2.56)	9.60
HAIN	2.90	(0.73)	0.00	(1.29)	0.00	0.00	5.48	(8.18)	21.55
BRBR	1.18	0.26	0.15	0.63	1.10	(1.25)	2.80	(2.07)	6.20
SENEB	1.41	0.32	0.07	(0.41)	1.45	(2.47)	4.02	(2.64)	17.89
LANC	1.46	(0.10)	0.00	(0.09)	0.00	0.00	3.28	(2.41)	8.36
NOMD	1.29	(0.01)	(0.03)	0.07	1.83	(1.19)	2.87	(2.85)	8.03
PPC	1.47	(0.02)	(0.03)	0.06	1.81	(1.56)	3.57	(2.94)	9.85
INGR	1.08	(0.10)	(0.03)	0.03	1.48	(1.10)	1.41	(2.02)	21.14
THS	1.65	(0.19)	0.00	(0.17)	0.00	0.00	3.00	(3.55)	17.32

Utz Brands Corporate Management

Theresa Shea	General VP	Profile
Ajay Kataria	Executive Vice President - Finance and Accounting	Profile
Brian Greth	Senior Integration	Profile
Mike Aicklen	Head Sales	Profile
Todd Staub	Executive Vice President Chief Administrative Officer	Profile
Antonio Fernandez	Independent Director	Profile
Eric Aumen	Chief Accounting Officer, Vice President	Profile

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