BranchOut Food Correlations

BOF Stock

1.86 0.02 1.09%

The current 90-days correlation between BranchOut Food Common and Canlan Ice Sports is -0.04 (i.e., Good 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

Good diversification

The correlation between BranchOut Food Common and DJI is -0.17 (i.e., Good 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.

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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 against BranchOut Stock

0.36	BG	Bunge Limited	Pair Corr
0.31	CL	Colgate Palmolive Earnings Call Today	Pair Corr
0.43	BGS	BG Foods	Pair Corr

Related Correlations Analysis

	CNLFF	PLTK	BC	PLNT	LPL	CAH	RDNT	VMD
CNLFF		-0.41	-0.84	-0.42	-0.89	0.5	-0.42	-0.81	CNLFF
PLTK	-0.41		0.77	0.68	0.49	-0.45	0.95	0.75	PLTK
BC	-0.84	0.77		0.68	0.83	-0.54	0.77	0.97	BC
PLNT	-0.42	0.68	0.68		0.36	-0.19	0.75	0.64	PLNT
LPL	-0.89	0.49	0.83	0.36		-0.39	0.46	0.78	LPL
CAH	0.5	-0.45	-0.54	-0.19	-0.39		-0.45	-0.58	CAH
RDNT	-0.42	0.95	0.77	0.75	0.46	-0.45		0.77	RDNT
VMD	-0.81	0.75	0.97	0.64	0.78	-0.58	0.77		VMD
	CNLFF	PLTK	BC	PLNT	LPL	CAH	RDNT	VMD

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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

VMD	+ 0.97	BC
RDNT	+ 0.95	PLTK
LPL	+ 0.83	BC
VMD	+ 0.78	LPL
BC	+ 0.77	PLTK
RDNT	+ 0.77	BC

High negative correlations

LPL	- 0.89	CNLFF
BC	- 0.84	CNLFF
VMD	- 0.81	CNLFF
VMD	- 0.58	CAH
CAH	- 0.54	BC
RDNT	- 0.45	CAH

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
CNLFF	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.68
PLTK	2.40	(0.30)	0.00	(0.47)	0.00	0.00	5.18	(5.67)	26.13
BC	2.22	(0.32)	0.00	(0.33)	0.00	0.00	3.38	(6.05)	22.61
PLNT	1.65	0.00	0.00	(0.13)	0.00	0.00	3.23	(2.99)	12.63
LPL	1.77	(0.04)	0.00	(0.19)	0.00	0.00	3.56	(4.44)	11.88
CAH	1.04	0.19	0.14	0.15	1.57	(1.03)	2.14	(2.63)	7.58
RDNT	2.44	(0.08)	0.00	(0.20)	0.00	0.00	5.24	(4.86)	16.74
VMD	1.30	(0.23)	0.00	(1.05)	0.00	0.00	2.40	(2.69)	9.33

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