Tyson Foods Correlations

TF7A Stock

EUR 57.17 0.87 1.55%

The current 90-days correlation between Tyson Foods and Norsk Hydro ASA is -0.18 (i.e., Good diversification). The correlation of Tyson 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.

Tyson Foods Correlation With Market

Modest diversification

The correlation between Tyson Foods and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tyson Foods and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Tyson Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tyson Foods when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tyson Foods - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tyson Foods to buy it.

Moving together with Tyson Stock

0.84	PNDA	MOWI ASA SPADR	Pair Corr
0.88	PND	Mowi ASA	Pair Corr
0.88	6GAA	Grupo Aval Acciones	Pair Corr
0.85	6GAA	Grupo Aval Acciones	Pair Corr
0.89	MFZA	Mitsubishi UFJ Financial	Pair Corr
0.87	TM5	T Mobile	Pair Corr
0.79	2CDA	Controladora Vuela Compaa	Pair Corr
0.86	CQD	Charter Communications	Pair Corr
0.87	QAN	Qantas Airways	Pair Corr
0.9	WD5A	TRAVEL LEISURE DL	Pair Corr
0.73	SYY	Sysco	Pair Corr
0.7	APC	Apple Inc	Pair Corr
0.77	2T9A	TRAINLINE PLC LS	Pair Corr
0.91	PPB	Flutter Entertainment PLC	Pair Corr
0.82	SK3	Smurfit Kappa Group	Pair Corr
0.81	PCG6	PG E P6	Pair Corr
0.89	BRYN	Berkshire Hathaway	Pair Corr
0.7	AZ5	AutoZone	Pair Corr
0.86	EQN2	Equinix	Pair Corr
0.63	WX7	Corporate Office Pro	Pair Corr

Moving against Tyson Stock

0.66	HYU	Hyundai Motor	Pair Corr
0.64	HYU	Hyundai Motor	Pair Corr
0.62	HYU	Hyundai Motor	Pair Corr
0.57	RTHA	Wilmar International	Pair Corr
0.43	ADM	Archer Daniels Midland	Pair Corr
0.43	ADM	Archer Daniels Midland	Pair Corr
0.4	CPOF	Charoen Pokphand Foods	Pair Corr

Related Correlations Analysis

	TF7A	PND	JEP	8SP	2DG	TM9	NOH1	RS6	XYTA	9K1
TF7A		0.88	0.57	-0.53	-0.92	-0.56	0.3	0.87	-0.14	-0.75	TF7A
PND	0.88		0.7	-0.51	-0.85	-0.61	0.35	0.74	-0.1	-0.84	PND
JEP	0.57	0.7		-0.09	-0.51	-0.24	0.51	0.52	0.07	-0.37	JEP
8SP	-0.53	-0.51	-0.09		0.66	0.55	-0.17	-0.62	-0.15	0.52	8SP
2DG	-0.92	-0.85	-0.51	0.66		0.58	-0.32	-0.85	-0.04	0.73	2DG
TM9	-0.56	-0.61	-0.24	0.55	0.58		0.18	-0.45	0.12	0.78	TM9
NOH1	0.3	0.35	0.51	-0.17	-0.32	0.18		0.48	0.19	0.02	NOH1
RS6	0.87	0.74	0.52	-0.62	-0.85	-0.45	0.48		0.03	-0.61	RS6
XYTA	-0.14	-0.1	0.07	-0.15	-0.04	0.12	0.19	0.03		0.24	XYTA
9K1	-0.75	-0.84	-0.37	0.52	0.73	0.78	0.02	-0.61	0.24		9K1
	TF7A	PND	JEP	8SP	2DG	TM9	NOH1	RS6	XYTA	9K1

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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

PND	+ 0.88	TF7A
RS6	+ 0.87	TF7A
9K1	+ 0.78	TM9
RS6	+ 0.74	PND
9K1	+ 0.73	2DG
JEP	+ 0.7	PND

High negative correlations

2DG	- 0.92	TF7A
RS6	- 0.85	2DG
2DG	- 0.85	PND
9K1	- 0.84	PND
9K1	- 0.75	TF7A
RS6	- 0.62	8SP

Risk-Adjusted Indicators

There is a big difference between Tyson Stock performing well and Tyson 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 Tyson 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
TF7A	1.34	0.05	0.03	0.13	1.32	(1.71)	3.53	(2.01)	6.86
PND	1.52	0.20	0.13	0.32	1.34	(1.95)	2.98	(2.38)	15.63
JEP	1.40	(0.05)	0.00	(0.10)	0.00	0.00	3.18	(2.95)	8.50
8SP	2.13	(0.24)	0.00	(1.51)	0.00	0.00	3.36	(4.50)	20.22
2DG	5.51	(0.23)	0.00	(0.09)	0.00	0.00	13.64	(10.00)	52.42
TM9	2.63	(0.26)	0.00	0.53	0.00	0.00	5.56	(6.43)	30.27
NOH1	1.84	(0.04)	0.00	(0.11)	0.00	0.00	5.58	(3.25)	13.10
RS6	1.44	0.07	0.03	0.26	1.54	(1.61)	2.94	(2.93)	15.24
XYTA	12.41	4.01	0.14	(20.56)	8.83	(55.21)	33.33	(25.00)	233.33
9K1	1.84	(0.33)	0.00	0.62	0.00	0.00	3.03	(4.66)	14.80

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tyson Foods without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Tyson Foods Corporate Management

Elected by the shareholders, the Tyson Foods' board of directors comprises two types of representatives: Tyson Foods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tyson. The board's role is to monitor Tyson Foods' management team and ensure that shareholders' interests are well served. Tyson Foods' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tyson Foods' outside directors are responsible for providing unbiased perspectives on the board's policies.

Stewart Glendinning	Group Foods	Profile
Phillip Thomas	Controller Officer	Profile
Amy Tu	Chief Intl	Profile
Johanna Soderstrom	Ex Officer	Profile
Jay Spradley	Ex Officer	Profile
John Tyson	Ex CFO	Profile
Noel White	Ex Chairman	Profile

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