JBS NV Correlations

JBS Stock

13.21 0.16 1.23%

The current 90-days correlation between JBS NV and General Mills is 0.22 (i.e., Modest diversification). The correlation of JBS NV 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.

JBS NV Correlation With Market

Significant diversification

The correlation between JBS NV and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JBS NV and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with JBS Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JBS NV. 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 more information on how to buy JBS Stock please use our How to Invest in JBS NV guide.

Moving together with JBS Stock

0.63	DOLE	Dole PLC Earnings Call This Week	Pair Corr
0.76	VITL	Vital Farms Earnings Call This Week	Pair Corr
0.84	002216	Sanquan Food	Pair Corr
0.68	603866	Shenyang Toly Bread	Pair Corr
0.65	FARM	Farmer Bros Earnings Call This Week	Pair Corr

Moving against JBS Stock

0.75	K	Kellanova Earnings Call This Week	Pair Corr
0.72	RE-B	REA Holdings plc	Pair Corr
0.65	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.31	MBH	Maggie Beer Holdings	Pair Corr
0.62	COASTCORP	Coastal Limited Earnings Call This Week	Pair Corr
0.72	CCO	The Calmer	Pair Corr
0.45	002650	Jiajia Food Group	Pair Corr
0.41	BON	Bon Natural Life	Pair Corr
0.33	BOF	BranchOut Food Common	Pair Corr

Related Correlations Analysis

	GIS	KHC	K	ADM	KVUE	ABEV	STZ	MKC	DG
GIS		0.43	-0.38	0.02	0.21	0.06	0.04	0.21	0.03	GIS
KHC	0.43		-0.69	-0.27	0.86	-0.03	0.75	0.78	0.78	KHC
K	-0.38	-0.69		0.25	-0.67	-0.39	-0.32	-0.25	-0.49	K
ADM	0.02	-0.27	0.25		-0.44	0.1	-0.5	-0.21	-0.3	ADM
KVUE	0.21	0.86	-0.67	-0.44		-0.13	0.86	0.75	0.84	KVUE
ABEV	0.06	-0.03	-0.39	0.1	-0.13		-0.37	-0.3	-0.07	ABEV
STZ	0.04	0.75	-0.32	-0.5	0.86	-0.37		0.8	0.85	STZ
MKC	0.21	0.78	-0.25	-0.21	0.75	-0.3	0.8		0.73	MKC
DG	0.03	0.78	-0.49	-0.3	0.84	-0.07	0.85	0.73		DG
	GIS	KHC	K	ADM	KVUE	ABEV	STZ	MKC	DG

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

KVUE	+ 0.86	KHC
STZ	+ 0.86	KVUE
DG	+ 0.85	STZ
DG	+ 0.84	KVUE
MKC	+ 0.8	STZ
MKC	+ 0.78	KHC

High negative correlations

K	- 0.69	KHC
KVUE	- 0.67	K
STZ	- 0.5	ADM
DG	- 0.49	K
KVUE	- 0.44	ADM
ABEV	- 0.39	K

Risk-Adjusted Indicators

There is a big difference between JBS Stock performing well and JBS NV 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 JBS NV'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
GIS	1.00	(0.06)	0.00	(3.24)	0.00	0.00	1.70	(2.41)	5.23
KHC	1.16	(0.18)	0.00	(0.32)	0.00	0.00	2.03	(3.03)	9.65
K	0.31	0.06	(0.11)	1.03	0.17	(0.36)	0.56	(0.57)	5.35
ADM	1.17	0.16	0.06	0.92	1.08	(1.44)	2.95	(2.16)	8.90
KVUE	1.87	(0.66)	0.00	(0.54)	0.00	0.00	3.19	(4.09)	17.95
ABEV	1.08	0.07	0.00	0.30	1.17	(1.26)	2.20	(2.20)	4.97
STZ	1.23	(0.42)	0.00	(0.50)	0.00	0.00	2.40	(2.91)	9.07
MKC	1.18	(0.15)	0.00	(0.77)	0.00	0.00	1.79	(2.35)	6.57
DG	1.30	(0.09)	0.00	(1.29)	0.00	0.00	2.22	(2.64)	7.94

JBS NV Corporate Executives

Elected by the shareholders, the JBS NV's board of directors comprises two types of representatives: JBS NV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of JBS. The board's role is to monitor JBS NV's management team and ensure that shareholders' interests are well served. JBS NV'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, JBS NV's outside directors are responsible for providing unbiased perspectives on the board's policies.

Guilherme Cavalcanti

Investor CFO

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