Tootsie Roll Correlations
| TR Stock | USD 30.59 0.91 2.89% |
The correlation of Tootsie Roll 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Tootsie Roll Correlation With Market
Average diversification
The correlation between Tootsie Roll Industries and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tootsie Roll Industries and DJI in the same portfolio, assuming nothing else is changed.
Tootsie |
Moving together with Tootsie Stock
| 0.74 | MO | Altria Group | PairCorr |
| 0.63 | DOLE | Dole PLC | PairCorr |
| 0.64 | BGS | BG Foods Sell-off Trend | PairCorr |
| 0.7 | BUD | Anheuser Busch Inbev | PairCorr |
| 0.68 | CAG | ConAgra Foods Sell-off Trend | PairCorr |
| 0.61 | CCU | Compania Cervecerias | PairCorr |
| 0.64 | FMX | Fomento Economico | PairCorr |
| 0.69 | HSY | Hershey | PairCorr |
| 0.68 | KHC | Kraft Heinz | PairCorr |
| 0.69 | KLG | WK Kellogg | PairCorr |
| 0.65 | MKC | McCormick Company | PairCorr |
Moving against Tootsie Stock
| 0.67 | DAR | Darling Ingredients | PairCorr |
| 0.66 | FRPT | Freshpet | PairCorr |
| 0.55 | VITL | Vital Farms Sell-off Trend | PairCorr |
| 0.53 | EDBL | Edible Garden AG | PairCorr |
| 0.53 | FAMI | Farmmi Inc | PairCorr |
| 0.48 | BON | Bon Natural Life | PairCorr |
| 0.4 | LW | Lamb Weston Holdings Sell-off Trend | PairCorr |
| 0.59 | LSF | Laird Superfood | PairCorr |
| 0.53 | THS | Treehouse Foods | PairCorr |
| 0.37 | TWG | Top Wealth Group | PairCorr |
| 0.35 | RLX | RLX Technology | PairCorr |
Related Correlations Analysis
| 0.85 | -0.78 | 0.91 | 0.59 | 0.0 | MDLZ | ||
| 0.85 | -0.41 | 0.68 | 0.62 | 0.0 | HSY | ||
| -0.78 | -0.41 | -0.84 | -0.29 | 0.0 | RMCF | ||
| 0.91 | 0.68 | -0.84 | 0.61 | 0.0 | LDSVF | ||
| 0.59 | 0.62 | -0.29 | 0.61 | 0.0 | BRRLY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TROLB | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Tootsie Stock performing well and Tootsie Roll 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 Tootsie Roll's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MDLZ | 1.22 | 0.20 | 0.19 | 2.96 | 1.64 | 2.54 | 8.25 | |||
| HSY | 1.51 | (0.04) | 0.00 | 3.63 | 0.00 | 3.24 | 9.19 | |||
| RMCF | 2.94 | (0.93) | 0.00 | (4.18) | 0.00 | 5.65 | 30.03 | |||
| LDSVF | 1.24 | 0.37 | 0.24 | 9.54 | 0.97 | 3.23 | 15.56 | |||
| BRRLY | 1.64 | (0.07) | 0.00 | 0.23 | 0.00 | 3.73 | 10.76 | |||
| TROLB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Tootsie Roll Corporate Executives
Elected by the shareholders, the Tootsie Roll's board of directors comprises two types of representatives: Tootsie Roll inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tootsie. The board's role is to monitor Tootsie Roll's management team and ensure that shareholders' interests are well served. Tootsie Roll's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tootsie Roll's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Howard Ember | CFO, Principal Accounting Officer and VP of Fin. | Profile | |
| Henry Mills | VP COO | Profile |