Kraft Heinz Correlations

KHC Stock

USD 25.68 0.07 0.27%

The current 90-days correlation between Kraft Heinz and General Mills is 0.85 (i.e., Very poor diversification). The correlation of Kraft Heinz 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.

Kraft Heinz Correlation With Market

Very good diversification

The correlation between Kraft Heinz Co and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kraft Heinz Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kraft Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kraft Heinz Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Kraft Stock

0.82	FARM	Farmer Bros	Pair Corr
0.9	BGS	BG Foods	Pair Corr
0.94	CAG	ConAgra Foods Sell-off Trend	Pair Corr
0.81	CCU	Compania Cervecerias	Pair Corr
0.95	CPB	Campbell Soup Sell-off Trend	Pair Corr
0.96	FLO	Flowers Foods Sell-off Trend	Pair Corr
0.93	GIS	General Mills Earnings Call This Week	Pair Corr
0.89	KLG	WK Kellogg	Pair Corr
0.79	MKC	McCormick Company Earnings Call This Week	Pair Corr

Moving against Kraft Stock

0.81	BUD	Anheuser Busch Inbev	Pair Corr
0.78	PM	Philip Morris Intern	Pair Corr
0.75	BTI	British American Tobacco	Pair Corr
0.71	TR	Tootsie Roll Industries	Pair Corr
0.65	MO	Altria Group	Pair Corr
0.63	DDC	DDC Enterprise	Pair Corr
0.55	FDP	Fresh Del Monte	Pair Corr
0.5	ADM	Archer Daniels Midland	Pair Corr
0.49	DAR	Darling Ingredients	Pair Corr
0.42	EDBL	Edible Garden AG	Pair Corr
0.39	BG	Bunge Limited	Pair Corr
0.85	TPB	Turning Point Brands	Pair Corr
0.83	SFD	Smithfield Foods, Common	Pair Corr
0.65	RLX	RLX Technology	Pair Corr
0.57	FMX	Fomento Economico	Pair Corr
0.57	LSF	Laird Superfood	Pair Corr

Related Correlations Analysis

	GIS	CPB	CAG	HRL	K	MKC	LW	SJM
GIS		0.95	0.96	0.01	0.33	0.81	0.17	0.48	GIS
CPB	0.95		0.98	-0.16	0.46	0.78	0.01	0.63	CPB
CAG	0.96	0.98		-0.13	0.41	0.75	0.05	0.59	CAG
HRL	0.01	-0.16	-0.13		-0.08	-0.09	0.67	-0.11	HRL
K	0.33	0.46	0.41	-0.08		0.24	-0.18	0.77	K
MKC	0.81	0.78	0.75	-0.09	0.24		0.04	0.22	MKC
LW	0.17	0.01	0.05	0.67	-0.18	0.04		-0.19	LW
SJM	0.48	0.63	0.59	-0.11	0.77	0.22	-0.19		SJM
	GIS	CPB	CAG	HRL	K	MKC	LW	SJM

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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

CAG	+ 0.98	CPB
CAG	+ 0.96	GIS
CPB	+ 0.95	GIS
MKC	+ 0.81	GIS
MKC	+ 0.78	CPB
SJM	+ 0.77	K

High negative correlations

SJM	- 0.19	LW
LW	- 0.18	K
HRL	- 0.16	CPB
HRL	- 0.13	CAG
SJM	- 0.11	HRL
MKC	- 0.09	HRL

Risk-Adjusted Indicators

There is a big difference between Kraft Stock performing well and Kraft Heinz 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 Kraft Heinz'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GIS	1.02	(0.19)	0.69	0.00	0.00	2.10	(2.24)	6.30
CPB	1.19	(0.30)	1.04	0.00	0.00	2.10	(2.59)	7.97
CAG	1.05	(0.26)	0.95	0.00	0.00	2.07	(2.59)	6.11
HRL	1.04	0.03	(0.10)	1.14	(1.26)	2.67	(2.30)	5.82
K	0.24	(0.06)	(2.98)	0.00	0.00	0.38	(0.68)	2.39
MKC	1.14	(0.16)	1.35	0.00	0.00	1.81	(2.37)	8.11
LW	1.54	0.04	(0.02)	2.16	(1.57)	3.98	(3.84)	17.18
SJM	1.31	(0.19)	0.85	0.00	0.00	1.97	(2.53)	20.05

Kraft Heinz Corporate Management

Angel JD	Global VP	Profile
Ekpedeme Bassey	Chief Officer	Profile
Marcos Lima	Executive Officer	Profile
Chris Asher	Acting Controller	Profile
Janelle Orozco	Chief America	Profile
Rebecca Dunphey	Beverages Fresh	Profile

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