BG Foods Correlations

BGS Stock

USD 6.59 0.14 2.08%

The current 90-days correlation between BG Foods and J J Snack is -0.02 (i.e., Good diversification). The correlation of BG Foods 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.

BG Foods Correlation With Market

Good diversification

The correlation between BG Foods and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BG Foods and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BG 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 price.

For more information on how to buy BGS Stock please use our How to Invest in BG Foods guide.

Moving together with BGS Stock

0.64	TR	Tootsie Roll Industries	Pair Corr
0.66	CAG	ConAgra Foods Sell-off Trend	Pair Corr
0.75	KHC	Kraft Heinz	Pair Corr

Moving against BGS Stock

0.76	DAR	Darling Ingredients	Pair Corr
0.5	FRPT	Freshpet	Pair Corr
0.41	BOF	BranchOut Food Common	Pair Corr
0.38	VITL	Vital Farms Sell-off Trend	Pair Corr
0.36	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.34	EDBL	Edible Garden AG	Pair Corr
0.32	FAMI	Farmmi Inc	Pair Corr
0.32	BON	Bon Natural Life	Pair Corr
0.65	LSF	Laird Superfood	Pair Corr
0.5	TPB	Turning Point Brands	Pair Corr
0.42	THS	Treehouse Foods	Pair Corr
0.35	RLX	RLX Technology	Pair Corr

Related Correlations Analysis

	CPB	GIS	HRL	K	LW	CAG	SJM	MKC	JJSF	KHC
CPB		0.83	0.37	0.0	-0.02	0.72	0.52	0.31	0.54	0.61	CPB
GIS	0.83		0.41	-0.04	0.04	0.74	0.44	0.3	0.53	0.61	GIS
HRL	0.37	0.41		-0.3	0.48	0.68	0.26	-0.23	0.64	0.12	HRL
K	0.0	-0.04	-0.3		-0.88	0.02	0.68	0.87	-0.63	0.47	K
LW	-0.02	0.04	0.48	-0.88		0.07	-0.53	-0.81	0.53	-0.51	LW
CAG	0.72	0.74	0.68	0.02	0.07		0.68	0.25	0.6	0.62	CAG
SJM	0.52	0.44	0.26	0.68	-0.53	0.68		0.79	-0.05	0.76	SJM
MKC	0.31	0.3	-0.23	0.87	-0.81	0.25	0.79		-0.45	0.69	MKC
JJSF	0.54	0.53	0.64	-0.63	0.53	0.6	-0.05	-0.45		0.14	JJSF
KHC	0.61	0.61	0.12	0.47	-0.51	0.62	0.76	0.69	0.14		KHC
	CPB	GIS	HRL	K	LW	CAG	SJM	MKC	JJSF	KHC

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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

MKC	+ 0.87	K
GIS	+ 0.83	CPB
MKC	+ 0.79	SJM
KHC	+ 0.76	SJM
CAG	+ 0.74	GIS
CAG	+ 0.72	CPB

High negative correlations

LW	- 0.88	K
MKC	- 0.81	LW
JJSF	- 0.63	K
SJM	- 0.53	LW
KHC	- 0.51	LW
JJSF	- 0.45	MKC

Risk-Adjusted Indicators

There is a big difference between BGS Stock performing well and BG Foods 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 BG Foods' 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
CPB	1.44	(0.05)	0.00	(0.40)	0.00	0.00	2.59	(3.45)	10.02
GIS	1.42	(0.06)	0.00	(0.71)	0.00	0.00	2.39	(3.69)	8.21
HRL	1.23	0.00	0.11	(0.26)	1.44	(1.27)	2.77	(2.34)	6.26
K	0.12	0.03	1.18	1.13	0.00	(0.14)	0.33	(0.27)	0.79
LW	1.69	(0.10)	0.00	(1.06)	0.00	0.00	4.35	(3.76)	10.64
CAG	1.33	(0.03)	0.00	0.31	0.00	0.00	2.32	(2.84)	8.53
SJM	1.33	0.15	0.16	0.28	1.48	(1.52)	2.81	(2.67)	8.11
MKC	1.18	0.11	0.11	0.04	1.70	(1.21)	2.56	(2.80)	6.80
JJSF	1.31	(0.23)	0.00	1.41	0.00	0.00	2.51	(3.31)	9.16
KHC	1.27	(0.03)	0.11	(0.08)	1.68	(1.23)	2.26	(3.25)	7.69

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