Arcadia Biosciences Correlations

RKDA Stock

USD 4.45 0.09 1.98%

The current 90-days correlation between Arcadia Biosciences and CIMG Inc is 0.03 (i.e., Significant diversification). The correlation of Arcadia Biosciences 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.

Arcadia Biosciences Correlation With Market

Significant diversification

The correlation between Arcadia Biosciences and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcadia Biosciences and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Arcadia Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Arcadia Stock refer to our How to Trade Arcadia Stock guide.

Moving together with Arcadia Stock

0.84	BUD	Anheuser Busch Inbev	Pair Corr
0.65	JVA	Coffee Holding	Pair Corr
0.9	SFD	Smithfield Foods, Common	Pair Corr
0.8	INGR	Ingredion Incorporated	Pair Corr
0.78	OTLY	Oatly Group AB	Pair Corr
0.72	DG	Dollar General	Pair Corr
0.68	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.63	IH	Ihuman Inc Trending	Pair Corr
0.86	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.72	TR	Tootsie Roll Industries Earnings Call This Week	Pair Corr

Moving against Arcadia Stock

0.83	PAVS	Paranovus Entertainment	Pair Corr
0.82	TSN	Tyson Foods	Pair Corr
0.76	CCU	Compania Cervecerias	Pair Corr
0.75	IMG	CIMG Inc Symbol Change	Pair Corr
0.63	STZ	Constellation Brands	Pair Corr
0.62	BJ	BJs Wholesale Club	Pair Corr
0.61	SAM	Boston Beer Earnings Call This Week	Pair Corr
0.47	CL	Colgate Palmolive Earnings Call This Week	Pair Corr
0.44	K	Kellanova Earnings Call This Week	Pair Corr
0.42	JBSS	John B Sanfilippo	Pair Corr
0.32	BRID	Bridgford Foods	Pair Corr
0.81	JZ	Jianzhi Education	Pair Corr
0.8	VSTA	Vasta Platform	Pair Corr
0.76	WGRX	Wellgistics Health, Buyout Trend	Pair Corr
0.7	GO	Grocery Outlet Holding	Pair Corr
0.58	EEIQ	Elite Education Group	Pair Corr
0.52	EDTK	Skillful Craftsman	Pair Corr
0.46	KO	Coca Cola Earnings Call This Week	Pair Corr
0.43	DOLE	Dole PLC	Pair Corr
0.4	KR	Kroger Company	Pair Corr
0.32	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	IMG	RIBT	BSFC	SHRG	BPTH	TENX	OPGN	VTVT
IMG		0.0	0.0	0.25	0.24	-0.35	0.0	0.84	IMG
RIBT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RIBT
BSFC	0.0	0.0		0.0	0.0	0.0	0.0	0.0	BSFC
SHRG	0.25	0.0	0.0		0.45	-0.14	0.0	0.12	SHRG
BPTH	0.24	0.0	0.0	0.45		0.31	0.0	-0.05	BPTH
TENX	-0.35	0.0	0.0	-0.14	0.31		0.0	-0.31	TENX
OPGN	0.0	0.0	0.0	0.0	0.0	0.0		0.0	OPGN
VTVT	0.84	0.0	0.0	0.12	-0.05	-0.31	0.0		VTVT
	IMG	RIBT	BSFC	SHRG	BPTH	TENX	OPGN	VTVT

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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

VTVT	+ 0.84	IMG
BPTH	+ 0.45	SHRG
TENX	+ 0.31	BPTH
SHRG	+ 0.25	IMG
BPTH	+ 0.24	IMG
VTVT	+ 0.12	SHRG

High negative correlations

TENX	- 0.35	IMG
VTVT	- 0.31	TENX
TENX	- 0.14	SHRG
VTVT	- 0.05	BPTH
VTVT	- 0.0	OPGN
OPGN	- 0.0	TENX

Risk-Adjusted Indicators

There is a big difference between Arcadia Stock performing well and Arcadia Biosciences 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 Arcadia Biosciences' 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
IMG	3.19	(1.48)	0.00	(0.98)	0.00	0.00	4.00	(7.41)	28.88
RIBT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BSFC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHRG	3.49	(1.75)	0.00	3.82	0.00	0.00	0.00	0.00	98.90
BPTH	8.68	(0.79)	0.00	(0.27)	0.00	0.00	15.63	(15.44)	189.05
TENX	1.89	0.03	0.01	0.17	2.40	(2.00)	5.68	(3.41)	14.23
OPGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VTVT	3.30	(0.17)	0.00	(0.65)	0.00	0.00	6.32	(6.82)	19.80

Arcadia Biosciences Corporate Management

Belinda Yao	VP Operations	Profile
Brian Schaffer	Senior Sales	Profile
Kevin Hodges	VP Operations	Profile
Mark Kawakami	Chief Officer	Profile

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