Forafric Global Correlations

AFRI Stock

USD 7.74 0.01 0.13%

The current 90-days correlation between Forafric Global PLC and Forafric Global PLC is 0.17 (i.e., Average diversification). The correlation of Forafric Global 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.

Forafric Global Correlation With Market

Poor diversification

The correlation between Forafric Global PLC and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forafric Global PLC and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Forafric Stock

0.61	CCU	Compania Cervecerias	Pair Corr
0.66	IMG	CIMG Inc Symbol Change	Pair Corr
0.87	TSN	Tyson Foods	Pair Corr
0.66	JBSS	John B Sanfilippo	Pair Corr
0.87	PAVS	Paranovus Entertainment	Pair Corr
0.83	JZ	Jianzhi Education	Pair Corr

Moving against Forafric Stock

0.93	SFD	Smithfield Foods, Common	Pair Corr
0.88	RKDA	Arcadia Biosciences	Pair Corr
0.87	INGR	Ingredion Incorporated	Pair Corr
0.81	BUD	Anheuser Busch Inbev	Pair Corr
0.74	OTLY	Oatly Group AB	Pair Corr
0.68	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.63	DG	Dollar General	Pair Corr
0.53	WEST	Westrock Coffee	Pair Corr
0.52	ABEV	Ambev SA ADR	Pair Corr
0.5	FMX	Fomento Economico Earnings Call This Week	Pair Corr
0.92	IH	Ihuman Inc	Pair Corr
0.83	YQ	17 Education Technology	Pair Corr
0.82	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.79	DLTR	Dollar Tree	Pair Corr
0.78	TR	Tootsie Roll Industries	Pair Corr
0.76	FEDU	Four Seasons Education Trending	Pair Corr
0.75	EWCZ	European Wax Center	Pair Corr
0.69	MO	Altria Group	Pair Corr
0.6	DTCK	Davis Commodities	Pair Corr
0.6	EDBL	Edible Garden AG	Pair Corr

Related Correlations Analysis

	AFRIW	ASAGF	AAGRY	LMNR	GROV	WALD	CMRA	CDRO	ANGH
AFRIW		-0.44	0.22	0.28	-0.48	0.39	0.0	-0.46	0.45	AFRIW
ASAGF	-0.44		-0.24	0.17	0.14	-0.41	0.0	0.22	-0.26	ASAGF
AAGRY	0.22	-0.24		-0.03	-0.51	-0.07	0.0	-0.05	-0.34	AAGRY
LMNR	0.28	0.17	-0.03		-0.02	0.07	0.0	-0.14	0.06	LMNR
GROV	-0.48	0.14	-0.51	-0.02		-0.02	0.0	0.2	-0.22	GROV
WALD	0.39	-0.41	-0.07	0.07	-0.02		0.0	0.09	0.32	WALD
CMRA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CMRA
CDRO	-0.46	0.22	-0.05	-0.14	0.2	0.09	0.0		-0.51	CDRO
ANGH	0.45	-0.26	-0.34	0.06	-0.22	0.32	0.0	-0.51		ANGH
	AFRIW	ASAGF	AAGRY	LMNR	GROV	WALD	CMRA	CDRO	ANGH

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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

ANGH	+ 0.45	AFRIW
WALD	+ 0.39	AFRIW
ANGH	+ 0.32	WALD
LMNR	+ 0.28	AFRIW
AAGRY	+ 0.22	AFRIW
CDRO	+ 0.22	ASAGF

High negative correlations

ANGH	- 0.51	CDRO
GROV	- 0.51	AAGRY
GROV	- 0.48	AFRIW
CDRO	- 0.46	AFRIW
ASAGF	- 0.44	AFRIW
WALD	- 0.41	ASAGF

Risk-Adjusted Indicators

There is a big difference between Forafric Stock performing well and Forafric Global 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 Forafric Global'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
AFRIW	7.44	(0.44)	0.00	(0.22)	0.00	0.00	15.87	(17.95)	57.84
ASAGF	0.81	(0.15)	0.00	(0.25)	0.00	0.00	2.04	(4.21)	17.36
AAGRY	2.49	(0.01)	0.00	0.26	0.00	0.00	4.55	(8.57)	70.36
LMNR	1.81	(0.25)	0.00	(0.04)	0.00	0.00	4.95	(3.35)	11.83
GROV	3.39	0.36	0.07	0.83	3.55	(4.13)	5.50	(5.41)	25.14
WALD	3.86	(0.05)	0.00	0.21	4.97	(4.80)	11.39	(7.04)	33.61
CMRA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDRO	1.65	0.24	0.12	0.50	1.30	(1.86)	7.28	(3.19)	12.12
ANGH	3.42	(0.13)	(0.04)	0.04	4.05	(4.94)	7.27	(5.56)	30.68

Forafric Global Corporate Management

Oury Marciano	VP Development	Profile
Khalid Assari	Chief Officer	Profile
Mustapha Ghazali	Chief Officer	Profile
Julien Benitah	CFO Director	Profile
Mustapha Jamaleddine	Chief Officer	Profile
Ouri Marciano	Head Development	Profile

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