ConAgra Foods Correlations

CAG Stock

USD 18.29 0.18 0.97%

The current 90-days correlation between ConAgra Foods and Campbells Co is 0.65 (i.e., Poor diversification). The correlation of ConAgra 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.

ConAgra Foods Correlation With Market

Significant diversification

The correlation between ConAgra Foods and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ConAgra Foods and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ConAgra Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConAgra 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 nation.

For more detail on how to invest in ConAgra Stock please use our How to Invest in ConAgra Foods guide.

Moving together with ConAgra Stock

0.75

TSN

Tyson Foods

Pair Corr

Moving against ConAgra Stock

0.4	002650	Jiajia Food Group	Pair Corr
0.38	605338	Zhongyin Babi Food	Pair Corr
0.34	002840	Zhejiang Huatong Meat	Pair Corr
0.34	JVA	Coffee Holding	Pair Corr
0.65	300498	Guangdong Wens Foodstuff	Pair Corr
0.57	001215	Zhengzhou Qianweiyangchu	Pair Corr
0.45	603336	Great Sun Foods	Pair Corr
0.31	600429	Beijing Sanyuan Foods	Pair Corr
0.5	600467	Shandong Homey Aquatic	Pair Corr
0.4	002714	Muyuan Foodstuff Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CPB	PPC	LW	INGR	SFD	TAP	POST	SJM	EDU
CPB		0.52	-0.6	0.43	0.54	0.35	-0.15	0.58	-0.3	CPB
PPC	0.52		-0.81	0.79	0.86	0.82	0.2	0.7	-0.85	PPC
LW	-0.6	-0.81		-0.46	-0.84	-0.47	0.06	-0.63	0.69	LW
INGR	0.43	0.79	-0.46		0.63	0.81	0.33	0.53	-0.75	INGR
SFD	0.54	0.86	-0.84	0.63		0.71	0.3	0.72	-0.72	SFD
TAP	0.35	0.82	-0.47	0.81	0.71		0.48	0.63	-0.66	TAP
POST	-0.15	0.2	0.06	0.33	0.3	0.48		0.36	-0.24	POST
SJM	0.58	0.7	-0.63	0.53	0.72	0.63	0.36		-0.59	SJM
EDU	-0.3	-0.85	0.69	-0.75	-0.72	-0.66	-0.24	-0.59		EDU
	CPB	PPC	LW	INGR	SFD	TAP	POST	SJM	EDU

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

SFD	+ 0.86	PPC
TAP	+ 0.82	PPC
TAP	+ 0.81	INGR
INGR	+ 0.79	PPC
SJM	+ 0.72	SFD
TAP	+ 0.71	SFD

High negative correlations

EDU	- 0.85	PPC
SFD	- 0.84	LW
LW	- 0.81	PPC
EDU	- 0.75	INGR
EDU	- 0.72	SFD
EDU	- 0.66	TAP

Risk-Adjusted Indicators

There is a big difference between ConAgra Stock performing well and ConAgra 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 ConAgra 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
CPB	1.31	(0.05)	0.00	0.50	0.00	0.00	2.09	(2.31)	11.71
PPC	1.22	(0.27)	0.00	1.38	0.00	0.00	1.88	(2.63)	8.66
LW	1.56	0.14	0.08	0.22	1.48	(1.68)	4.26	(2.71)	8.32
INGR	0.67	(0.20)	0.00	(0.43)	0.00	0.00	0.92	(1.68)	4.48
SFD	1.18	(0.18)	0.00	(0.22)	0.00	0.00	2.16	(2.57)	9.68
TAP	1.18	(0.19)	0.00	(0.33)	0.00	0.00	2.07	(2.46)	5.58
POST	1.06	0.00	(0.04)	0.06	1.29	(1.13)	2.11	(1.97)	8.62
SJM	1.17	(0.09)	0.00	(0.58)	0.00	0.00	2.25	(2.76)	8.71
EDU	1.75	0.37	0.17	0.44	1.71	(1.91)	4.38	(3.62)	15.60

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