BBB Foods Correlations

Stocks . USA . 
Stock . BBB Foods
TBBB Stock   33.40  0.62  1.89%   
The current 90-days correlation between BBB Foods and Sun Life Financial is 0.2 (i.e., Modest 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

Modest diversification

The correlation between BBB Foods and DJI is 0.25 (i.e., Modest 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

  0.62HFFG Hf Foods GroupPairCorr
  0.65HITI High TidePairCorr
  0.74PFGC Performance FoodPairCorr
  0.63K KellanovaPairCorr
  0.67LW Lamb Weston HoldingsPairCorr

Moving against BBB Stock

  0.49SYY SyscoPairCorr
  0.48BG Bunge LimitedPairCorr
  0.38IMKTA Ingles Markets Earnings Call This WeekPairCorr
  0.58CL Colgate Palmolive Fiscal Year End 24th of January 2025 PairCorr
  0.5EDBL Edible Garden AGPairCorr
  0.48UL Unilever PLC ADRPairCorr
  0.47KO Coca Cola Aggressive PushPairCorr
  0.47PG Procter GamblePairCorr
  0.47EAST Eastside DistillingPairCorr
  0.47FARM Farmer BrosPairCorr
  0.47WVVI Willamette ValleyPairCorr
  0.39UG United GuardianPairCorr
  0.34EL Estee Lauder CompaniesPairCorr
  0.33CENTA Central Garden PetPairCorr

Related Correlations Analysis

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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   
NODK
+ 0.7
AEG
AEG
+ 0.67
SLF
WEYS
+ 0.63
SLF
WEYS
+ 0.63
AEG
NODK
+ 0.58
WEYS
PKIN
+ 0.54
WEYS
  
High negative correlations   
PKIN
- 0.75
EML
RGEN
- 0.44
SLF
WEYS
- 0.43
EML
NODK
- 0.35
RGEN
AEG
- 0.27
RGEN
EML
- 0.18
SLF

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.

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