Better Choice Correlations

BTTR Stock

USD 1.71 0.02 1.18%

The current 90-days correlation between Better Choice and Stryve Foods is 0.02 (i.e., Significant diversification). The correlation of Better Choice 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.

Better Choice Correlation With Market

Average diversification

The correlation between Better Choice and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Better Choice 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 Better Choice. 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.

To learn how to invest in Better Stock, please use our How to Invest in Better Choice guide.

Moving together with Better Stock

0.84	LW	Lamb Weston Holdings	Pair Corr
0.76	VITL	Vital Farms	Pair Corr
0.81	EDBL	Edible Garden AG	Pair Corr
0.68	FAMI	Farmmi Inc	Pair Corr
0.62	BON	Bon Natural Life	Pair Corr
0.8	FRPT	Freshpet	Pair Corr
0.75	FTFT	Future Fintech Group	Pair Corr
0.76	LSF	Laird Superfood	Pair Corr
0.61	SAM	Boston Beer	Pair Corr

Moving against Better Stock

0.81	BUD	Anheuser Busch Inbev	Pair Corr
0.8	MO	Altria Group	Pair Corr
0.78	K	Kellanova	Pair Corr
0.76	CCU	Compania Cervecerias	Pair Corr
0.75	PM	Philip Morris Intern	Pair Corr
0.72	DOLE	Dole PLC	Pair Corr
0.58	BTI	British American Tobacco	Pair Corr
0.57	FARM	Farmer Bros	Pair Corr
0.55	TR	Tootsie Roll Industries	Pair Corr
0.45	BGS	BG Foods	Pair Corr
0.32	CAG	ConAgra Foods	Pair Corr
0.78	FMX	Fomento Economico	Pair Corr
0.76	TSN	Tyson Foods	Pair Corr
0.73	TAP	Molson Coors Brewing	Pair Corr
0.71	MKC	McCormick Company	Pair Corr
0.7	KLG	WK Kellogg	Pair Corr
0.7	PPC	Pilgrims Pride Corp	Pair Corr
0.69	SJM	JM Smucker	Pair Corr
0.66	HSY	Hershey	Pair Corr
0.65	UVV	Universal	Pair Corr
0.57	KHC	Kraft Heinz	Pair Corr
0.54	SEB	Seaboard	Pair Corr
0.38	JVA	Coffee Holding	Pair Corr

Related Correlations Analysis

	BSFC	SNAX	BDPT	BEOLF	BABYF	INBP	RIBT	PRBZF	VGGIF	PAVS
BSFC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BSFC
SNAX	0.0		-0.2	-0.42	0.57	0.0	0.0	0.35	0.58	-0.16	SNAX
BDPT	0.0	-0.2		0.42	0.05	0.0	0.0	-0.25	0.08	0.47	BDPT
BEOLF	0.0	-0.42	0.42		-0.26	0.0	0.0	-0.17	-0.1	0.27	BEOLF
BABYF	0.0	0.57	0.05	-0.26		0.0	0.0	0.31	0.45	-0.13	BABYF
INBP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	INBP
RIBT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	RIBT
PRBZF	0.0	0.35	-0.25	-0.17	0.31	0.0	0.0		0.16	-0.05	PRBZF
VGGIF	0.0	0.58	0.08	-0.1	0.45	0.0	0.0	0.16		-0.05	VGGIF
PAVS	0.0	-0.16	0.47	0.27	-0.13	0.0	0.0	-0.05	-0.05		PAVS
	BSFC	SNAX	BDPT	BEOLF	BABYF	INBP	RIBT	PRBZF	VGGIF	PAVS

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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

VGGIF	+ 0.58	SNAX
BABYF	+ 0.57	SNAX
PAVS	+ 0.47	BDPT
VGGIF	+ 0.45	BABYF
BEOLF	+ 0.42	BDPT
PRBZF	+ 0.35	SNAX

High negative correlations

BEOLF	- 0.42	SNAX
BABYF	- 0.26	BEOLF
PRBZF	- 0.25	BDPT
BDPT	- 0.2	SNAX
PRBZF	- 0.17	BEOLF
PAVS	- 0.16	SNAX

Risk-Adjusted Indicators

There is a big difference between Better Stock performing well and Better Choice 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 Better Choice'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
BSFC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNAX	4.43	(0.30)	0.00	0.09	0.00	0.00	12.05	(7.50)	50.79
BDPT	12.08	1.81	0.11	1.01	12.64	(17.59)	28.36	(25.00)	72.63
BEOLF	5.07	1.65	0.30	4.65	4.94	(6.30)	11.88	(8.93)	33.04
BABYF	9.72	0.89	0.05	0.25	10.33	(15.89)	30.77	(21.43)	63.87
INBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RIBT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRBZF	0.91	(0.06)	0.00	0.16	0.00	0.00	2.91	(3.56)	10.27
VGGIF	33.83	12.52	0.21	3.97	21.96	(103.77)	186.36	(65.00)	277.50
PAVS	1.28	0.07	0.08	(9.85)	1.55	(2.19)	3.10	(2.92)	11.09

Better Choice Corporate Management

Kent Cunningham	Chief Officer	Profile
Robert Sauermann	Chief Officer	Profile
Sharla Cook	CFO Sec	Profile
Donald Young	Chief Officer	Profile
Ryan Wilson	Vice Marketing	Profile
Jennifer Condon	Executive Sales	Profile

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