MGP Ingredients Correlations

MGPI Stock

USD 49.07 0.78 1.62%

The current 90-days correlation between MGP Ingredients and Duckhorn Portfolio is 0.02 (i.e., Significant 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

Modest diversification

The correlation between MGP Ingredients and DJI is 0.23 (i.e., Modest 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.

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 together with MGP Stock

0.67	WVVI	Willamette Valley Earnings Call This Week	Pair Corr
0.74	WVVIP	Willamette Valley Earnings Call This Week	Pair Corr
0.63	SBEV	Splash Beverage Group Earnings Call This Week	Pair Corr
0.95	BG	Bunge Limited	Pair Corr
0.84	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.7	EL	Estee Lauder Companies	Pair Corr
0.76	KO	Coca Cola Sell-off Trend	Pair Corr
0.64	BRBMF	Big Rock Brewery Earnings Call This Week	Pair Corr
0.71	EDBL	Edible Garden AG Earnings Call This Week	Pair Corr
0.63	CENTA	Central Garden Pet Fiscal Year End 18th of November 2024	Pair Corr

Moving against MGP Stock

0.91	LW	Lamb Weston Holdings	Pair Corr
0.8	LVMUY	LVMH Moet Hennessy	Pair Corr
0.75	NAPA	Duckhorn Portfolio	Pair Corr
0.73	PM	Philip Morris Intern	Pair Corr
0.7	VINE	Fresh Grapes LLC	Pair Corr
0.68	KR	Kroger Company	Pair Corr
0.51	BJ	BJs Wholesale Club	Pair Corr
0.49	LQR	LQR House Common	Pair Corr
0.65	WILC	G Willi Food Potential Growth	Pair Corr
0.41	VITL	Vital Farms	Pair Corr
0.38	AVO	Mission Produce Fiscal Year End 19th of December 2024	Pair Corr
0.36	FIZZ	National Beverage Corp	Pair Corr

Related Correlations Analysis

	BF-B	DEO	BF-A	STZ	NAPA	PDRDF	WVVI	REMYY	TSRYY
BF-B		0.88	0.95	0.43	0.16	0.49	-0.39	-0.21	0.36	BF-B
DEO	0.88		0.79	0.56	-0.02	0.68	-0.41	-0.06	0.39	DEO
BF-A	0.95	0.79		0.41	0.05	0.53	-0.15	-0.01	0.39	BF-A
STZ	0.43	0.56	0.41		-0.66	0.69	-0.04	0.29	-0.01	STZ
NAPA	0.16	-0.02	0.05	-0.66		-0.53	-0.45	-0.73	0.15	NAPA
PDRDF	0.49	0.68	0.53	0.69	-0.53		0.14	0.56	0.3	PDRDF
WVVI	-0.39	-0.41	-0.15	-0.04	-0.45	0.14		0.71	0.01	WVVI
REMYY	-0.21	-0.06	-0.01	0.29	-0.73	0.56	0.71		0.24	REMYY
TSRYY	0.36	0.39	0.39	-0.01	0.15	0.3	0.01	0.24		TSRYY
	BF-B	DEO	BF-A	STZ	NAPA	PDRDF	WVVI	REMYY	TSRYY

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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

BF-A	+ 0.95	BF-B
DEO	+ 0.88	BF-B
BF-A	+ 0.79	DEO
REMYY	+ 0.71	WVVI
PDRDF	+ 0.69	STZ
PDRDF	+ 0.68	DEO

High negative correlations

REMYY	- 0.73	NAPA
NAPA	- 0.66	STZ
PDRDF	- 0.53	NAPA
WVVI	- 0.45	NAPA
WVVI	- 0.41	DEO
WVVI	- 0.39	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	1.07	(0.12)	0.00	(1.81)	0.00	0.00	1.79	(2.91)	8.19
DEO	1.11	(0.08)	(0.11)	0.04	1.35	(1.18)	2.23	(2.30)	8.81
BF-A	1.07	(0.16)	0.00	(4.45)	0.00	0.00	2.05	(2.63)	8.75
STZ	0.89	(0.01)	0.00	0.30	0.00	0.00	1.93	(1.46)	7.42
NAPA	3.38	1.66	0.58	(0.54)	0.98	(4.80)	2.99	(3.27)	103.05
PDRDF	1.87	(0.19)	0.00	(0.39)	0.00	0.00	4.65	(5.21)	14.45
WVVI	1.49	(0.16)	0.00	1.04	0.00	0.00	3.28	(3.08)	8.49
REMYY	1.68	(0.36)	0.00	0.95	0.00	0.00	3.38	(3.68)	14.08
TSRYY	1.51	0.04	(0.07)	(1.68)	1.85	(1.55)	2.90	(2.76)	12.86

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
Clodualdo Maningat	Chief Development	Profile

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