MGP Ingredients Correlations

MGPI Stock

USD 32.07 0.46 1.46%

The current 90-days correlation between MGP Ingredients and The Andersons is 0.46 (i.e., Very weak diversification). The correlation of MGP Ingredients 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.

MGP Ingredients Correlation With Market

Weak diversification

The correlation between MGP Ingredients 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 MGP Ingredients and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MGP Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGP Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in MGP Stock please use our How to Invest in MGP Ingredients guide.

Moving against MGP Stock

0.41	SRXH	SRx Health Solutions Symbol Change	Pair Corr
0.41	GV	Visionary Education	Pair Corr
0.36	LW	Lamb Weston Holdings	Pair Corr
0.31	KO	Coca Cola	Pair Corr
0.31	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.43	VSTA	Vasta Platform	Pair Corr
0.36	UL	Unilever PLC ADR	Pair Corr
0.36	BRLSW	Borealis Foods	Pair Corr

Related Correlations Analysis

	BF-B	BF-A	DEO	PRNDY	ANDE	GPRE	JBSS	JJSF	IPAR
BF-B		1.0	0.92	0.5	-0.23	-0.62	-0.15	0.39	-0.64	BF-B
BF-A	1.0		0.92	0.49	-0.23	-0.62	-0.16	0.39	-0.64	BF-A
DEO	0.92	0.92		0.47	-0.35	-0.68	-0.29	0.32	-0.56	DEO
PRNDY	0.5	0.49	0.47		0.1	0.11	0.18	0.26	-0.42	PRNDY
ANDE	-0.23	-0.23	-0.35	0.1		0.35	0.77	0.54	-0.22	ANDE
GPRE	-0.62	-0.62	-0.68	0.11	0.35		0.34	-0.4	0.57	GPRE
JBSS	-0.15	-0.16	-0.29	0.18	0.77	0.34		0.6	-0.27	JBSS
JJSF	0.39	0.39	0.32	0.26	0.54	-0.4	0.6		-0.83	JJSF
IPAR	-0.64	-0.64	-0.56	-0.42	-0.22	0.57	-0.27	-0.83		IPAR
	BF-B	BF-A	DEO	PRNDY	ANDE	GPRE	JBSS	JJSF	IPAR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BF-A	+ 1.0	BF-B
DEO	+ 0.92	BF-B
DEO	+ 0.92	BF-A
JBSS	+ 0.77	ANDE
JJSF	+ 0.6	JBSS
IPAR	+ 0.57	GPRE

High negative correlations

IPAR	- 0.83	JJSF
GPRE	- 0.68	DEO
IPAR	- 0.64	BF-A
IPAR	- 0.64	BF-B
GPRE	- 0.62	BF-A
GPRE	- 0.62	BF-B

Risk-Adjusted Indicators

There is a big difference between MGP Stock performing well and MGP Ingredients 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 MGP Ingredients' 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
BF-B	1.64	(0.24)	0.00	(0.10)	0.00	0.00	3.14	(2.59)	20.27
BF-A	1.52	(0.24)	0.00	(0.09)	0.00	0.00	2.91	(2.66)	19.78
DEO	1.07	(0.11)	0.00	(0.09)	0.00	0.00	2.43	(2.07)	8.07
PRNDY	1.13	0.16	(0.05)	(0.32)	1.21	(1.28)	3.07	(1.76)	8.14
ANDE	1.57	(0.16)	0.00	(0.01)	0.00	0.00	3.25	(2.82)	12.61
GPRE	3.07	1.18	0.36	1.11	2.37	(3.77)	8.00	(4.02)	22.66
JBSS	1.44	(0.11)	(0.07)	0.04	1.86	(1.45)	2.99	(3.25)	8.57
JJSF	1.60	(0.29)	0.00	(0.19)	0.00	0.00	2.65	(3.01)	14.87
IPAR	1.20	0.33	0.20	0.92	0.89	(1.48)	2.75	(1.87)	12.00

MGP Ingredients Corporate Management

Fletcher Buchman	Vice Marketing	Profile
Amel Pasagic	Chief Officer	Profile
Greg Manis	Corporate Communications	Profile
Amit CFA	Vice Relations	Profile
David Colo	Senior Advisor	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC