Farmmi Correlations

FAMI Stock

USD 1.70 0.08 4.49%

The current 90-days correlation between Farmmi Inc and Better Choice is 0.13 (i.e., Average diversification). The correlation of Farmmi 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.

Farmmi Correlation With Market

Modest diversification

The correlation between Farmmi Inc and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Farmmi Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Farmmi Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Farmmi Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Farmmi Stock

0.62	VITL	Vital Farms Earnings Call Shortly	Pair Corr
0.82	EDBL	Edible Garden AG	Pair Corr
0.94	BON	Bon Natural Life	Pair Corr
0.86	DAR	Darling Ingredients	Pair Corr
0.62	DDC	DDC Enterprise	Pair Corr
0.85	FRPT	Freshpet Earnings Call Shortly	Pair Corr
0.94	FTFT	Future Fintech Group	Pair Corr
0.77	LSF	Laird Superfood Earnings Call Shortly	Pair Corr
0.87	RLX	RLX Technology	Pair Corr

Moving against Farmmi Stock

0.86	CCU	Compania Cervecerias	Pair Corr
0.85	MO	Altria Group	Pair Corr
0.82	BUD	Anheuser Busch Inbev Earnings Call Shortly	Pair Corr
0.7	K	Kellanova Earnings Call Shortly	Pair Corr
0.67	BTI	British American Tobacco	Pair Corr
0.66	PM	Philip Morris Intern	Pair Corr
0.53	TR	Tootsie Roll Industries	Pair Corr
0.49	BG	Bunge Limited	Pair Corr
0.35	BGS	BG Foods Earnings Call Shortly	Pair Corr
0.34	DOLE	Dole PLC	Pair Corr
0.82	FMX	Fomento Economico	Pair Corr
0.81	SJM	JM Smucker	Pair Corr
0.68	TSN	Tyson Foods Earnings Call Shortly	Pair Corr
0.64	PPC	Pilgrims Pride Corp	Pair Corr
0.57	STZ	Constellation Brands	Pair Corr
0.51	HRL	Hormel Foods	Pair Corr
0.49	TAP	Molson Coors Brewing	Pair Corr
0.42	UVV	Universal	Pair Corr
0.39	LND	Brasilagro Adr	Pair Corr
0.35	KLG	WK Kellogg Earnings Call Shortly	Pair Corr

Related Correlations Analysis

	BTOG	SMFL	BTTR	LSF	YGF	FREE	BSFC	RKDA	SNAX	FITSF
BTOG		0.0	0.28	0.7	0.0	0.0	0.0	0.85	0.48	-0.39	BTOG
SMFL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SMFL
BTTR	0.28	0.0		0.55	0.0	0.0	0.0	0.51	0.44	-0.33	BTTR
LSF	0.7	0.0	0.55		0.0	0.0	0.0	0.86	0.8	-0.4	LSF
YGF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	YGF
FREE	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FREE
BSFC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BSFC
RKDA	0.85	0.0	0.51	0.86	0.0	0.0	0.0		0.7	-0.53	RKDA
SNAX	0.48	0.0	0.44	0.8	0.0	0.0	0.0	0.7		-0.3	SNAX
FITSF	-0.39	0.0	-0.33	-0.4	0.0	0.0	0.0	-0.53	-0.3		FITSF
	BTOG	SMFL	BTTR	LSF	YGF	FREE	BSFC	RKDA	SNAX	FITSF

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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

RKDA	+ 0.86	LSF
RKDA	+ 0.85	BTOG
SNAX	+ 0.8	LSF
LSF	+ 0.7	BTOG
SNAX	+ 0.7	RKDA
LSF	+ 0.55	BTTR

High negative correlations

FITSF	- 0.53	RKDA
FITSF	- 0.4	LSF
FITSF	- 0.39	BTOG
FITSF	- 0.33	BTTR
FITSF	- 0.3	SNAX
FITSF	- 0.0	BSFC

Risk-Adjusted Indicators

There is a big difference between Farmmi Stock performing well and Farmmi 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 Farmmi'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
BTOG	11.18	(0.13)	0.00	(0.23)	0.00	0.00	25.00	(22.58)	148.46
SMFL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTTR	3.82	0.06	0.03	0.04	4.86	(4.52)	8.72	(7.83)	24.00
LSF	3.99	0.02	0.00	(0.12)	0.00	0.00	7.59	(9.37)	24.14
YGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FREE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BSFC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RKDA	3.24	(0.46)	0.00	(0.71)	0.00	0.00	7.02	(8.87)	21.63
SNAX	4.43	(0.11)	0.00	(0.75)	0.00	0.00	12.05	(7.50)	50.79
FITSF	308.28	158.55	0.00	(182.27)	0.00	0.00	91.67	(50.85)	6,422

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