BranchOut Food Correlations

BOF Stock

2.85 0.20 7.55%

The current 90-days correlation between BranchOut Food Common and Arrow Electronics is 0.32 (i.e., Weak diversification). The correlation of BranchOut Food 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.

BranchOut Food Correlation With Market

Very weak diversification

The correlation between BranchOut Food Common and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BranchOut Food Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BranchOut Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BranchOut Food Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with BranchOut Stock

0.62	VITL	Vital Farms	Pair Corr
0.69	EL	Estee Lauder Companies	Pair Corr
0.61	DTCK	Davis Commodities	Pair Corr

Moving against BranchOut Stock

0.54	K	Kellanova Sell-off Trend	Pair Corr
0.51	SAM	Boston Beer	Pair Corr
0.51	JZ	Jianzhi Education Tech Boost	Pair Corr
0.46	TAP	Molson Coors Brewing	Pair Corr
0.44	GO	Grocery Outlet Holding	Pair Corr
0.42	BJ	BJs Wholesale Club Sell-off Trend	Pair Corr
0.38	CCU	Compania Cervecerias	Pair Corr
0.36	STZ	Constellation Brands	Pair Corr
0.36	PG	Procter Gamble	Pair Corr
0.52	WVVI	Willamette Valley	Pair Corr
0.47	WGRX	Wellgistics Health,	Pair Corr
0.47	XAGE	Longevity Health Hol Symbol Change	Pair Corr
0.42	UL	Unilever PLC ADR Sell-off Trend	Pair Corr
0.37	EDTK	Skillful Craftsman	Pair Corr

Related Correlations Analysis

	ARW	FRCOF	SNCY	CAH	GPC	WEYS	SCL
ARW		0.6	0.67	0.92	0.77	0.84	0.91	ARW
FRCOF	0.6		0.41	0.44	0.63	0.5	0.59	FRCOF
SNCY	0.67	0.41		0.66	0.73	0.83	0.84	SNCY
CAH	0.92	0.44	0.66		0.72	0.76	0.87	CAH
GPC	0.77	0.63	0.73	0.72		0.76	0.85	GPC
WEYS	0.84	0.5	0.83	0.76	0.76		0.87	WEYS
SCL	0.91	0.59	0.84	0.87	0.85	0.87		SCL
	ARW	FRCOF	SNCY	CAH	GPC	WEYS	SCL

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARW	1.46	0.28	0.13	0.32	1.90	(1.61)	2.88	(2.19)	13.98
FRCOF	0.66	0.13	0.00	0.75	0.00	0.00	2.00	(1.56)	10.79
SNCY	3.31	(0.01)	0.02	0.07	4.27	(3.94)	7.16	(7.55)	32.42
CAH	1.12	0.32	0.12	(3.58)	1.44	(1.13)	2.75	(2.63)	8.40
GPC	1.37	0.04	0.02	0.12	1.65	(1.57)	2.82	(2.28)	10.56
WEYS	2.08	0.09	0.04	0.14	2.90	(2.21)	4.57	(4.70)	18.07
SCL	1.98	0.07	0.04	0.13	2.33	(2.35)	4.80	(3.40)	14.04

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