BBB Foods Correlations

TBBB Stock

25.27 2.81 10.01%

The current 90-days correlation between BBB Foods and Sysco is 0.16 (i.e., Average diversification). The correlation of BBB Foods 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.

BBB Foods Correlation With Market

Weak diversification

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

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in BBB Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade BBB Stock refer to our How to Trade BBB Stock guide.

Moving together with BBB Stock

0.77	GO	Grocery Outlet Holding	Pair Corr
0.61	DLTR	Dollar Tree	Pair Corr
0.62	DTCK	Davis Commodities	Pair Corr
0.81	TGT	Target	Pair Corr
0.79	HCWC	Healthy Choice Wellness	Pair Corr
0.73	HITI	High Tide	Pair Corr
0.83	PFGC	Performance Food	Pair Corr
0.63	CART	Maplebear	Pair Corr

Moving against BBB Stock

0.89	WMK	Weis Markets	Pair Corr
0.81	YI	111 Inc	Pair Corr
0.73	KR	Kroger Company	Pair Corr
0.7	BJ	BJs Wholesale Club	Pair Corr
0.68	ACI	Albertsons Companies	Pair Corr
0.56	DG	Dollar General	Pair Corr
0.77	SPTN	SpartanNash	Pair Corr
0.82	MO	Altria Group	Pair Corr
0.8	K	Kellanova Sell-off Trend	Pair Corr
0.79	KO	Coca Cola	Pair Corr
0.79	PM	Philip Morris Intern	Pair Corr

Related Correlations Analysis

	SYY	CHEF	UNFI	CVGW	SPTN	USFD	ANDE	AVO	DIT
SYY		-0.21	-0.37	0.21	0.02	-0.25	0.1	0.3	-0.15	SYY
CHEF	-0.21		0.74	-0.23	0.43	0.58	0.26	0.08	0.4	CHEF
UNFI	-0.37	0.74		-0.11	-0.02	0.87	0.0	0.4	0.51	UNFI
CVGW	0.21	-0.23	-0.11		-0.1	-0.16	0.18	0.31	-0.3	CVGW
SPTN	0.02	0.43	-0.02	-0.1		-0.33	0.13	-0.59	-0.05	SPTN
USFD	-0.25	0.58	0.87	-0.16	-0.33		-0.04	0.53	0.43	USFD
ANDE	0.1	0.26	0.0	0.18	0.13	-0.04		-0.16	-0.09	ANDE
AVO	0.3	0.08	0.4	0.31	-0.59	0.53	-0.16		0.38	AVO
DIT	-0.15	0.4	0.51	-0.3	-0.05	0.43	-0.09	0.38		DIT
	SYY	CHEF	UNFI	CVGW	SPTN	USFD	ANDE	AVO	DIT

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

USFD	+ 0.87	UNFI
UNFI	+ 0.74	CHEF
USFD	+ 0.58	CHEF
AVO	+ 0.53	USFD
DIT	+ 0.51	UNFI
SPTN	+ 0.43	CHEF

High negative correlations

AVO	- 0.59	SPTN
UNFI	- 0.37	SYY
USFD	- 0.33	SPTN
DIT	- 0.3	CVGW
USFD	- 0.25	SYY
CVGW	- 0.23	CHEF

Risk-Adjusted Indicators

There is a big difference between BBB Stock performing well and BBB Foods 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 BBB Foods' 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
SYY	1.09	(0.02)	0.00	(0.21)	0.00	0.00	2.35	(2.65)	8.76
CHEF	1.66	0.24	0.08	0.04	2.53	(1.62)	3.36	(3.93)	16.16
UNFI	2.35	0.13	0.00	(0.07)	0.00	0.00	4.81	(5.41)	17.98
CVGW	1.94	(0.02)	0.00	(0.25)	0.00	0.00	4.14	(4.35)	12.73
SPTN	1.31	0.24	0.21	0.77	1.47	(1.36)	2.61	(2.60)	14.26
USFD	1.23	0.02	0.00	(0.14)	0.00	0.00	1.80	(3.03)	5.91
ANDE	1.78	0.16	0.07	0.00	2.41	(1.79)	3.14	(3.43)	22.39
AVO	1.69	(0.43)	0.00	(0.93)	0.00	0.00	2.84	(4.29)	16.83
DIT	3.00	(0.08)	0.00	(0.65)	0.00	0.00	7.08	(5.88)	23.77

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

2024 Macroaxis LLC