Fresh Del Correlations

FDP Stock

USD 33.80 0.05 0.15%

The current 90-days correlation between Fresh Del Monte and Adecoagro SA is 0.26 (i.e., Modest diversification). The correlation of Fresh Del 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.

Fresh Del Correlation With Market

Significant diversification

The correlation between Fresh Del Monte and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fresh Del Monte and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Fresh Stock

0.34

LWAY

Lifeway Foods

Pair Corr

Related Correlations Analysis

	ALCO	SANW	AGRO	LND	LMNR	TSN	AFRI	DOLE	BG	ADM
ALCO		-0.56	-0.32	0.28	0.04	-0.63	-0.72	-0.51	-0.03	0.73	ALCO
SANW	-0.56		0.01	0.06	0.05	0.23	0.22	0.24	0.11	-0.78	SANW
AGRO	-0.32	0.01		0.43	0.18	0.66	0.78	-0.1	-0.02	-0.25	AGRO
LND	0.28	0.06	0.43		0.1	0.19	0.14	-0.38	0.19	0.06	LND
LMNR	0.04	0.05	0.18	0.1		0.31	0.2	0.03	-0.09	-0.24	LMNR
TSN	-0.63	0.23	0.66	0.19	0.31		0.89	0.46	0.02	-0.53	TSN
AFRI	-0.72	0.22	0.78	0.14	0.2	0.89		0.27	-0.05	-0.56	AFRI
DOLE	-0.51	0.24	-0.1	-0.38	0.03	0.46	0.27		0.12	-0.26	DOLE
BG	-0.03	0.11	-0.02	0.19	-0.09	0.02	-0.05	0.12		0.2	BG
ADM	0.73	-0.78	-0.25	0.06	-0.24	-0.53	-0.56	-0.26	0.2		ADM
	ALCO	SANW	AGRO	LND	LMNR	TSN	AFRI	DOLE	BG	ADM

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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

AFRI	+ 0.89	TSN
AFRI	+ 0.78	AGRO
ADM	+ 0.73	ALCO
TSN	+ 0.66	AGRO
DOLE	+ 0.46	TSN
LND	+ 0.43	AGRO

High negative correlations

ADM	- 0.78	SANW
AFRI	- 0.72	ALCO
TSN	- 0.63	ALCO
ADM	- 0.56	AFRI
SANW	- 0.56	ALCO
ADM	- 0.53	TSN

Risk-Adjusted Indicators

There is a big difference between Fresh Stock performing well and Fresh Del 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 Fresh Del'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
ALCO	1.02	0.12	0.03	0.48	1.11	(1.12)	2.60	(2.11)	7.70
SANW	5.08	(0.90)	0.00	1.34	0.00	0.00	11.52	(9.83)	80.51
AGRO	1.57	(0.22)	0.00	131.03	0.00	0.00	2.84	(3.63)	16.78
LND	1.11	(0.10)	0.00	(0.37)	0.00	0.00	3.22	(2.76)	6.93
LMNR	1.71	(0.22)	0.00	(0.08)	0.00	0.00	3.34	(3.35)	11.83
TSN	1.01	(0.28)	0.00	(0.31)	0.00	0.00	1.67	(1.84)	8.83
AFRI	0.55	(0.18)	0.00	(0.83)	0.00	0.00	1.04	(1.16)	3.22
DOLE	1.07	(0.04)	(0.08)	(0.04)	1.62	(1.01)	2.10	(2.14)	9.32
BG	1.36	(0.05)	0.00	(0.24)	0.00	0.00	3.45	(2.74)	10.56
ADM	1.21	0.28	0.11	(1.27)	0.86	(1.56)	3.16	(1.70)	6.95

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