Campbell Soup Correlations

CPB Stock

USD 38.79 1.03 2.59%

The current 90-days correlation between Campbell Soup and General Mills is 0.85 (i.e., Very poor diversification). The correlation of Campbell Soup 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.

Campbell Soup Correlation With Market

Average diversification

The correlation between Campbell Soup and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Campbell Soup 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 Campbell Soup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For information on how to trade Campbell Stock refer to our How to Trade Campbell Stock guide.

Moving together with Campbell Stock

0.72	CAG	ConAgra Foods Sell-off Trend	Pair Corr
0.83	GIS	General Mills	Pair Corr
0.63	HSY	Hershey	Pair Corr
0.76	KHC	Kraft Heinz	Pair Corr

Moving against Campbell Stock

0.4	BOF	BranchOut Food Common	Pair Corr
0.31	LND	Brasilagro Adr	Pair Corr

Related Correlations Analysis

	GIS	HRL	K	LW	KHC	CAG	MKC
GIS		0.41	-0.04	0.04	0.74	0.74	0.3	GIS
HRL	0.41		-0.3	0.48	0.16	0.68	-0.23	HRL
K	-0.04	-0.3		-0.88	0.54	0.02	0.87	K
LW	0.04	0.48	-0.88		-0.5	0.07	-0.81	LW
KHC	0.74	0.16	0.54	-0.5		0.64	0.77	KHC
CAG	0.74	0.68	0.02	0.07	0.64		0.25	CAG
MKC	0.3	-0.23	0.87	-0.81	0.77	0.25		MKC
	GIS	HRL	K	LW	KHC	CAG	MKC

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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
MKC	+ 0.77	KHC
KHC	+ 0.74	GIS
CAG	+ 0.74	GIS
CAG	+ 0.68	HRL
CAG	+ 0.64	KHC

High negative correlations

LW	- 0.88	K
MKC	- 0.81	LW
KHC	- 0.5	LW
K	- 0.3	HRL
MKC	- 0.23	HRL
K	- 0.04	GIS

Risk-Adjusted Indicators

There is a big difference between Campbell Stock performing well and Campbell Soup 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 Campbell Soup'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
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
KHC	1.31	0.03	0.00	(0.04)	0.00	0.00	2.26	(3.48)	7.69
CAG	1.33	(0.03)	0.00	0.31	0.00	0.00	2.32	(2.84)	8.53
MKC	1.18	0.11	0.11	0.04	1.70	(1.21)	2.56	(2.80)	6.80

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