Bunge Related Correlations

BG Stock  USD 102.52  0.10  0.1%   
Generate correlation matrix for Bunge and other related equities to check the degree to which Bunge Limited price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Bunge Limited. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bunge Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
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Is Bunge's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bunge. If investors know Bunge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bunge listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Bunge Limited is measured differently than its book value, which is the value of Bunge that is recorded on the company's balance sheet. Investors also form their own opinion of Bunge's value that differs from its market value or its book value, called intrinsic value, which is Bunge's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bunge's market value can be influenced by many factors that don't directly affect Bunge's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bunge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bunge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bunge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

VMC
EFRMF
FOSYF
IONR
VCSA
TGAN
VMC
0.00.10.62-0.140.51
VMC
EFRMF
0.00.00.00.00.0
EFRMF
FOSYF
0.10.0-0.370.040.79
FOSYF
IONR
0.620.0-0.37-0.59-0.16
IONR
VCSA
-0.140.00.04-0.590.1
VCSA
TGAN
0.510.00.79-0.160.1
TGAN
VMC
EFRMF
FOSYF
IONR
VCSA
TGAN
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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   
TGANFOSYF
IONRVMC
TGANVMC
FOSYFVMC
TGANVCSA
VCSAFOSYF
  
High negative correlations   
VCSAIONR
IONRFOSYF
TGANIONR
VCSAVMC
TGANEFRMF
VCSAEFRMF

Risk-Adjusted Indicators

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