Fresh Del Correlations

FDP Stock

USD 32.82 0.30 0.91%

The current 90-days correlation between Fresh Del Monte and Adecoagro SA is 0.02 (i.e., Significant 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

Weak diversification

The correlation between Fresh Del Monte and DJI is 0.3 (i.e., Weak 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 together with Fresh Stock

0.75	BG	Bunge Limited Buyout Trend	Pair Corr
0.74	MO	Altria Group Sell-off Trend	Pair Corr
0.84	PM	Philip Morris Intern	Pair Corr
0.76	TR	Tootsie Roll Industries	Pair Corr
0.79	BUD	Anheuser Busch Inbev	Pair Corr
0.91	FMX	Fomento Economico	Pair Corr
0.77	SFD	Smithfield Foods, Common	Pair Corr
0.62	SENEA	Seneca Foods Corp	Pair Corr
0.71	SENEB	Seneca Foods Corp	Pair Corr

Moving against Fresh Stock

0.75	FARM	Farmer Bros	Pair Corr
0.75	CPB	Campbell Soup	Pair Corr
0.73	GIS	General Mills	Pair Corr
0.72	MKC	McCormick Company	Pair Corr
0.71	CAG	ConAgra Foods	Pair Corr
0.66	TAP	Molson Coors Brewing	Pair Corr
0.64	KLG	WK Kellogg	Pair Corr
0.6	KHC	Kraft Heinz	Pair Corr
0.43	BON	Bon Natural Life	Pair Corr
0.7	JBSS	John B Sanfilippo	Pair Corr
0.66	BRID	Bridgford Foods	Pair Corr
0.61	PAVS	Paranovus Entertainment	Pair Corr
0.6	UG	United Guardian	Pair Corr
0.56	JJSF	J J Snack	Pair Corr
0.54	FC	Franklin Covey	Pair Corr
0.52	DTCK	Davis Commodities	Pair Corr
0.49	NOMD	Nomad Foods	Pair Corr
0.41	BYND	Beyond Meat	Pair Corr

Related Correlations Analysis

	ALCO	SANW	AGRO	LND	LMNR	TSN	AFRI	DOLE	BG	ADM
ALCO		-0.14	-0.49	0.28	-0.32	-0.66	-0.69	-0.2	0.33	0.51	ALCO
SANW	-0.14		0.27	0.18	0.77	0.33	0.38	0.05	-0.45	-0.1	SANW
AGRO	-0.49	0.27		0.48	0.53	0.83	0.88	-0.12	-0.34	-0.47	AGRO
LND	0.28	0.18	0.48		0.12	0.33	0.3	-0.15	-0.03	0.02	LND
LMNR	-0.32	0.77	0.53	0.12		0.49	0.62	-0.02	-0.51	-0.26	LMNR
TSN	-0.66	0.33	0.83	0.33	0.49		0.86	0.25	-0.27	-0.45	TSN
AFRI	-0.69	0.38	0.88	0.3	0.62	0.86		-0.05	-0.46	-0.59	AFRI
DOLE	-0.2	0.05	-0.12	-0.15	-0.02	0.25	-0.05		0.46	0.38	DOLE
BG	0.33	-0.45	-0.34	-0.03	-0.51	-0.27	-0.46	0.46		0.79	BG
ADM	0.51	-0.1	-0.47	0.02	-0.26	-0.45	-0.59	0.38	0.79		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	+ 0.88	AGRO
AFRI	+ 0.86	TSN
TSN	+ 0.83	AGRO
ADM	+ 0.79	BG
LMNR	+ 0.77	SANW
AFRI	+ 0.62	LMNR

High negative correlations

AFRI	- 0.69	ALCO
TSN	- 0.66	ALCO
ADM	- 0.59	AFRI
BG	- 0.51	LMNR
AGRO	- 0.49	ALCO
ADM	- 0.47	AGRO

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	1.19	0.13	0.07	0.34	1.26	(1.33)	2.17	(2.11)	8.57
SANW	4.16	(0.30)	0.00	(0.86)	0.00	0.00	10.42	(9.83)	32.69
AGRO	1.71	(0.17)	0.00	(5.92)	0.00	0.00	2.64	(3.92)	18.58
LND	1.23	0.06	0.02	0.19	1.65	(1.32)	3.22	(2.42)	9.30
LMNR	2.01	(0.48)	0.00	(0.56)	0.00	0.00	3.33	(4.82)	13.35
TSN	1.11	(0.12)	0.00	1.19	0.00	0.00	2.11	(1.91)	11.41
AFRI	0.83	(0.17)	0.00	(0.34)	0.00	0.00	1.93	(1.83)	8.18
DOLE	1.32	(0.05)	0.00	(0.08)	0.00	0.00	3.04	(2.86)	9.32
BG	1.44	0.17	0.08	0.31	1.76	(1.51)	3.61	(2.74)	9.77
ADM	1.31	0.15	0.08	0.28	1.73	(1.62)	3.04	(2.51)	11.52

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