Hain Celestial Correlations

HAIN Stock

USD 3.76 0.29 7.16%

The current 90-days correlation between Hain Celestial and J J Snack is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hain Celestial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Hain Celestial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hain Celestial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Hain Stock

0.84	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.71	VITL	Vital Farms Sell-off Trend	Pair Corr
0.62	ADM	Archer Daniels Midland	Pair Corr
0.79	FDP	Fresh Del Monte	Pair Corr
0.83	SAM	Boston Beer	Pair Corr

Moving against Hain Stock

0.87	K	Kellanova Sell-off Trend	Pair Corr
0.85	PM	Philip Morris Intern	Pair Corr
0.79	CCU	Compania Cervecerias	Pair Corr
0.73	BUD	Anheuser Busch Inbev	Pair Corr
0.67	MO	Altria Group	Pair Corr
0.66	FARM	Farmer Bros	Pair Corr
0.63	DOLE	Dole PLC	Pair Corr
0.56	BTI	British American Tobacco	Pair Corr
0.41	DDC	DDC Enterprise	Pair Corr
0.4	TR	Tootsie Roll Industries	Pair Corr
0.75	FMX	Fomento Economico	Pair Corr
0.75	PPC	Pilgrims Pride Corp	Pair Corr
0.66	TSN	Tyson Foods	Pair Corr
0.65	MKC	McCormick Company	Pair Corr
0.65	SEB	Seaboard	Pair Corr
0.65	TAP	Molson Coors Brewing	Pair Corr
0.59	KLG	WK Kellogg	Pair Corr
0.55	HSY	Hershey	Pair Corr
0.42	JVA	Coffee Holding	Pair Corr
0.42	UVV	Universal	Pair Corr
0.37	SJM	JM Smucker	Pair Corr
0.32	TPB	Turning Point Brands	Pair Corr

Related Correlations Analysis

	JJSF	LANC	THS	SMPL	POST	CENTA	BRBR	UTZ	JBSS	SENEB
JJSF		-0.58	0.46	0.15	-0.13	-0.27	-0.09	0.32	0.8	-0.52	JJSF
LANC	-0.58		-0.2	0.22	0.5	0.47	-0.19	-0.09	-0.6	0.27	LANC
THS	0.46	-0.2		0.67	-0.63	-0.12	0.47	-0.15	0.69	-0.8	THS
SMPL	0.15	0.22	0.67		-0.12	0.29	0.55	-0.14	0.23	-0.55	SMPL
POST	-0.13	0.5	-0.63	-0.12		0.45	-0.36	0.45	-0.51	0.49	POST
CENTA	-0.27	0.47	-0.12	0.29	0.45		0.13	0.02	-0.39	0.08	CENTA
BRBR	-0.09	-0.19	0.47	0.55	-0.36	0.13		-0.1	0.22	-0.32	BRBR
UTZ	0.32	-0.09	-0.15	-0.14	0.45	0.02	-0.1		0.16	0.06	UTZ
JBSS	0.8	-0.6	0.69	0.23	-0.51	-0.39	0.22	0.16		-0.63	JBSS
SENEB	-0.52	0.27	-0.8	-0.55	0.49	0.08	-0.32	0.06	-0.63		SENEB
	JJSF	LANC	THS	SMPL	POST	CENTA	BRBR	UTZ	JBSS	SENEB

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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

JBSS	+ 0.8	JJSF
JBSS	+ 0.69	THS
SMPL	+ 0.67	THS
BRBR	+ 0.55	SMPL
POST	+ 0.5	LANC
SENEB	+ 0.49	POST

High negative correlations

SENEB	- 0.8	THS
SENEB	- 0.63	JBSS
POST	- 0.63	THS
JBSS	- 0.6	LANC
LANC	- 0.58	JJSF
SENEB	- 0.55	SMPL

Risk-Adjusted Indicators

There is a big difference between Hain Stock performing well and Hain Celestial 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 Hain Celestial'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
JJSF	1.31	(0.23)	0.00	1.41	0.00	0.00	2.51	(3.31)	9.16
LANC	1.22	0.10	0.15	0.43	1.47	(1.23)	2.70	(2.50)	11.71
THS	1.52	(0.40)	0.00	(1.76)	0.00	0.00	2.98	(3.65)	13.25
SMPL	1.40	(0.12)	0.00	(0.42)	0.00	0.00	2.27	(3.31)	10.02
POST	1.08	0.07	0.16	0.65	1.28	(1.11)	1.99	(1.91)	8.75
CENTA	1.57	0.05	0.00	(0.09)	0.00	0.00	2.53	(3.57)	13.93
BRBR	1.65	0.10	0.00	(0.08)	0.00	0.00	4.02	(4.26)	10.54
UTZ	1.45	(0.04)	0.00	1.20	0.00	0.00	2.39	(2.87)	8.25
JBSS	1.32	(0.30)	0.00	(1.88)	0.00	0.00	1.91	(3.18)	13.09
SENEB	2.14	0.64	0.26	(9.35)	1.66	(3.43)	7.46	(3.85)	18.07

Hain Celestial Corporate Management

JoAnn Murray	Chief Officer	Profile
Kevin Lasher	VP Care	Profile
Ken Thomas	Chief Services	Profile
Catherine Empringham	Chief Kitchen	Profile
David Karch	Ex COO	Profile

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