Mondelez International Correlations

MDLZ Stock

USD 69.42 0.39 0.56%

The current 90-days correlation between Mondelez International and Tootsie Roll Industries is 0.55 (i.e., Very weak diversification). The correlation of Mondelez International 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.

Mondelez International Correlation With Market

Average diversification

The correlation between Mondelez International 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 Mondelez International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mondelez Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mondelez International. 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 economic analysis.

For more information on how to buy Mondelez Stock please use our How to Invest in Mondelez International guide.

Moving together with Mondelez Stock

0.62

LWAY

Lifeway Foods

Pair Corr

Moving against Mondelez Stock

0.61	TWG	Top Wealth Group	Pair Corr
0.59	IMG	CIMG Inc Symbol Change	Pair Corr
0.59	SAM	Boston Beer Earnings Call Tomorrow	Pair Corr
0.52	GV	Visionary Education	Pair Corr
0.48	K	Kellanova Earnings Call This Week	Pair Corr
0.48	STZ	Constellation Brands	Pair Corr
0.48	ABEV	Ambev SA ADR	Pair Corr
0.46	CCU	Compania Cervecerias	Pair Corr
0.43	WEST	Westrock Coffee	Pair Corr
0.31	BJ	BJs Wholesale Club	Pair Corr
0.52	WVVI	Willamette Valley	Pair Corr
0.46	EEIQ	Elite Education Group	Pair Corr
0.39	EDTK	Skillful Craftsman	Pair Corr
0.35	WAFU	Wah Fu Education	Pair Corr
0.35	WGRX	Wellgistics Health, Buyout Trend	Pair Corr
0.33	JZ	Jianzhi Education Tech Boost	Pair Corr
0.33	FARM	Farmer Bros	Pair Corr

Related Correlations Analysis

	TR	RMCF	LDSVF	BRRLY	TROLB	HSY	PEFDF
TR		0.51	0.64	0.65	-0.24	0.24	0.13	TR
RMCF	0.51		0.46	0.65	0.55	0.41	0.01	RMCF
LDSVF	0.64	0.46		0.83	-0.13	0.5	0.07	LDSVF
BRRLY	0.65	0.65	0.83		0.07	0.61	0.01	BRRLY
TROLB	-0.24	0.55	-0.13	0.07		0.39	0.0	TROLB
HSY	0.24	0.41	0.5	0.61	0.39		0.1	HSY
PEFDF	0.13	0.01	0.07	0.01	0.0	0.1		PEFDF
	TR	RMCF	LDSVF	BRRLY	TROLB	HSY	PEFDF

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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

BRRLY	+ 0.83	LDSVF
BRRLY	+ 0.65	TR
BRRLY	+ 0.65	RMCF
LDSVF	+ 0.64	TR
HSY	+ 0.61	BRRLY
TROLB	+ 0.55	RMCF

High negative correlations

TROLB	- 0.24	TR
TROLB	- 0.13	LDSVF
PEFDF	- 0.0	TROLB

Risk-Adjusted Indicators

There is a big difference between Mondelez Stock performing well and Mondelez International 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 Mondelez International'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
TR	1.30	0.25	0.10	0.92	1.31	(1.37)	3.85	(2.30)	7.40
RMCF	2.98	0.69	0.13	(1.63)	3.24	(3.73)	5.49	(4.76)	37.27
LDSVF	0.83	0.27	0.00	(1.52)	0.00	0.00	3.67	(1.72)	11.02
BRRLY	1.86	0.39	0.08	1.99	2.78	(1.86)	4.42	(2.90)	20.91
TROLB	4.43	1.26	0.26	0.80	2.48	(17.05)	11.86	(4.97)	66.67
HSY	1.36	0.06	(0.02)	0.37	1.54	(1.50)	3.19	(2.62)	10.64
PEFDF	1.28	0.22	0.00	4.94	0.00	0.00	3.64	(3.45)	21.41

Mondelez International Corporate Management

Mohit Bhalla	Vice Development	Profile
Stephanie Lilak	Executive Officer	Profile
Roberta Fabretti	eCommerce Europe	Profile
Laura JD	Executive Counsel	Profile
Louise Stigant	Managing UK	Profile
Shep Dunlap	Vice Relations	Profile

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