Farmmi Correlations

FAMI Stock

USD 1.69 0.03 1.81%

The current 90-days correlation between Farmmi Inc and Bit Origin is 0.2 (i.e., Modest 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

Good diversification

The correlation between Farmmi Inc and DJI is -0.04 (i.e., Good 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.

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

0.73	LW	Lamb Weston Holdings	Pair Corr
0.74	VITL	Vital Farms	Pair Corr
0.83	EDBL	Edible Garden AG	Pair Corr
0.92	BON	Bon Natural Life	Pair Corr
0.62	DAR	Darling Ingredients	Pair Corr
0.8	FRPT	Freshpet	Pair Corr
0.92	FTFT	Future Fintech Group	Pair Corr
0.64	LSF	Laird Superfood	Pair Corr
0.66	SAM	Boston Beer	Pair Corr

Moving against Farmmi Stock

0.88	MO	Altria Group	Pair Corr
0.85	K	Kellanova Sell-off Trend	Pair Corr
0.84	BUD	Anheuser Busch Inbev	Pair Corr
0.79	PM	Philip Morris Intern	Pair Corr
0.78	BTI	British American Tobacco	Pair Corr
0.77	DOLE	Dole PLC	Pair Corr
0.68	CCU	Compania Cervecerias	Pair Corr
0.59	TR	Tootsie Roll Industries	Pair Corr
0.42	FARM	Farmer Bros	Pair Corr
0.41	WEST	Westrock Coffee	Pair Corr
0.37	BOF	BranchOut Food Common	Pair Corr
0.35	BGS	BG Foods	Pair Corr
0.9	FMX	Fomento Economico	Pair Corr
0.82	UVV	Universal	Pair Corr
0.76	MKC	McCormick Company	Pair Corr
0.7	SJM	JM Smucker Sell-off Trend	Pair Corr
0.7	TSN	Tyson Foods	Pair Corr
0.64	KLG	WK Kellogg	Pair Corr
0.61	TAP	Molson Coors Brewing	Pair Corr
0.59	PPC	Pilgrims Pride Corp	Pair Corr
0.53	LND	Brasilagro Adr	Pair Corr
0.49	SEB	Seaboard	Pair Corr
0.41	HSY	Hershey	Pair Corr
0.4	KHC	Kraft Heinz	Pair Corr

Related Correlations Analysis

	BTOG	SMFL	BTTR	LSF	YGF	FREE	BSFC	RKDA	SNAX	FITSF
BTOG		0.0	0.76	0.57	0.0	0.0	0.0	0.85	-0.45	-0.09	BTOG
SMFL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SMFL
BTTR	0.76	0.0		0.78	0.0	0.0	0.0	0.85	-0.58	-0.09	BTTR
LSF	0.57	0.0	0.78		0.0	0.0	0.0	0.8	-0.59	-0.32	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	0.85	0.8	0.0	0.0	0.0		-0.5	-0.31	RKDA
SNAX	-0.45	0.0	-0.58	-0.59	0.0	0.0	0.0	-0.5		-0.04	SNAX
FITSF	-0.09	0.0	-0.09	-0.32	0.0	0.0	0.0	-0.31	-0.04		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	+ 0.85	BTOG
RKDA	+ 0.85	BTTR
RKDA	+ 0.8	LSF
LSF	+ 0.78	BTTR
BTTR	+ 0.76	BTOG
LSF	+ 0.57	BTOG

High negative correlations

SNAX	- 0.59	LSF
SNAX	- 0.58	BTTR
SNAX	- 0.5	RKDA
SNAX	- 0.45	BTOG
FITSF	- 0.32	LSF
FITSF	- 0.31	RKDA

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	10.71	(1.13)	0.00	(0.91)	0.00	0.00	14.81	(22.58)	148.46
SMFL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTTR	3.29	(0.35)	0.00	(0.32)	0.00	0.00	5.19	(6.86)	21.54
LSF	4.13	(0.36)	0.00	(0.23)	0.00	0.00	6.60	(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	3.20	(1.15)	0.00	(0.92)	0.00	0.00	4.49	(9.34)	25.39
SNAX	5.42	(0.16)	0.00	0.61	0.00	0.00	17.86	(22.22)	50.79
FITSF	109.29	54.74	0.66	1.43	23.01	(538.00)	587.50	(50.85)	1,097

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