Utz Brands Correlations

UTZ Stock  USD 17.10  0.19  1.12%   
The current 90-days correlation between Utz Brands and J J Snack is 0.41 (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

Average diversification

The correlation between Utz Brands 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 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

  0.64CAG ConAgra FoodsPairCorr
  0.68FLO Flowers FoodsPairCorr
  0.62NOMD Nomad FoodsPairCorr

Moving against Utz Stock

  0.43PM Philip Morris InternPairCorr
  0.4TPB Turning Point BrandsPairCorr
  0.36BJ BJs Wholesale ClubPairCorr
  0.35PPC Pilgrims Pride CorpPairCorr
  0.32FTFT Future Fintech GroupPairCorr
  0.5EEIQ Elite Education GroupPairCorr
  0.38LW Lamb Weston HoldingsPairCorr
  0.36JZ Jianzhi EducationPairCorr

Related Correlations Analysis

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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   
THSPOST
THSNOMD
INGRLANC
NOMDPOST
INGRPPC
PPCBRBR
  
High negative correlations   
THSPPC
THSBRBR
NOMDBRBR
PPCNOMD
BRBRPOST
PPCPOST

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
POST  0.74 (0.03)(0.12) 0.01  0.90 
 1.73 
 3.27 
JJSF  0.99 (0.12)(0.08) 0.01  1.26 
 2.12 
 9.61 
HAIN  2.80  0.48  0.10  1.38  3.70 
 5.56 
 34.66 
BRBR  0.87  0.49  0.45  1.41  0.11 
 2.61 
 4.71 
SENEB  1.27  0.27  0.06 (4.62) 1.22 
 4.02 
 11.90 
LANC  1.16  0.01  0.00  0.13  1.53 
 3.43 
 9.59 
NOMD  1.15 (0.04) 0.00 (0.10) 0.00 
 2.03 
 6.49 
PPC  1.69  0.24  0.05  1.20  2.21 
 3.57 
 13.48 
INGR  0.88  0.13  0.05  0.48  1.07 
 1.46 
 21.14 
THS  1.54 (0.27) 0.00 (0.16) 0.00 
 2.71 
 17.32 

Utz Brands Corporate Management

Theresa SheaGeneral VPProfile
Ajay KatariaExecutive Vice President - Finance and AccountingProfile
Brian GrethSenior IntegrationProfile
Mike AicklenHead SalesProfile
Todd StaubExecutive Vice President Chief Administrative OfficerProfile
Antonio FernandezIndependent DirectorProfile
Eric AumenChief Accounting Officer, Vice PresidentProfile