Seaboard Correlations

SEB Stock

USD 4,392 107.38 2.51%

The current 90-days correlation between Seaboard and Chesapeake Utilities is -0.06 (i.e., Good diversification). The correlation of Seaboard 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.

Seaboard Correlation With Market

Significant diversification

The correlation between Seaboard and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seaboard and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Seaboard Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seaboard. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in commodities.

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

Moving together with Seaboard Stock

0.67	DOLE	Dole PLC	Pair Corr
0.62	TSN	Tyson Foods	Pair Corr
0.79	603345	Fujian Anjoy Foods	Pair Corr

Moving against Seaboard Stock

0.72	LW	Lamb Weston Holdings	Pair Corr
0.54	EDBL	Edible Garden AG	Pair Corr
0.51	BON	Bon Natural Life	Pair Corr
0.44	JVA	Coffee Holding	Pair Corr
0.4	LSF	Laird Superfood	Pair Corr
0.54	MFI	Maple Leaf Foods	Pair Corr
0.41	001215	Zhengzhou Qianweiyangchu	Pair Corr
0.35	HFG	Hilton Food Group	Pair Corr

Related Correlations Analysis

	LSCC	MX	ELTTF	JSDA	TSEM	GMELF	CPK	TSMWF
LSCC		0.64	0.0	-0.33	-0.15	0.0	0.31	0.46	LSCC
MX	0.64		0.0	-0.12	-0.76	0.0	-0.34	-0.2	MX
ELTTF	0.0	0.0		0.0	0.0	-1.0	0.0	0.0	ELTTF
JSDA	-0.33	-0.12	0.0		-0.08	0.0	-0.52	-0.43	JSDA
TSEM	-0.15	-0.76	0.0	-0.08		0.0	0.62	0.65	TSEM
GMELF	0.0	0.0	-1.0	0.0	0.0		0.0	0.0	GMELF
CPK	0.31	-0.34	0.0	-0.52	0.62	0.0		0.86	CPK
TSMWF	0.46	-0.2	0.0	-0.43	0.65	0.0	0.86		TSMWF
	LSCC	MX	ELTTF	JSDA	TSEM	GMELF	CPK	TSMWF

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

TSMWF	+ 0.86	CPK
TSMWF	+ 0.65	TSEM
MX	+ 0.64	LSCC
CPK	+ 0.62	TSEM
TSMWF	+ 0.46	LSCC
CPK	+ 0.31	LSCC

High negative correlations

GMELF	- 1.0	ELTTF
TSEM	- 0.76	MX
CPK	- 0.52	JSDA
TSMWF	- 0.43	JSDA
CPK	- 0.34	MX
JSDA	- 0.33	LSCC

Risk-Adjusted Indicators

There is a big difference between Seaboard Stock performing well and Seaboard 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 Seaboard'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
LSCC	1.82	0.10	0.03	0.08	2.96	(1.96)	4.81	(3.82)	20.22
MX	2.09	(0.25)	0.00	(0.16)	0.00	0.00	3.68	(5.81)	20.24
ELTTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JSDA	3.28	0.01	0.00	0.14	3.81	(6.04)	5.88	(5.88)	23.03
TSEM	2.43	0.86	0.29	0.41	2.42	(2.72)	5.19	(4.14)	23.71
GMELF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CPK	0.87	0.12	0.10	1.23	0.91	(0.97)	1.78	(1.79)	5.53
TSMWF	0.03	0.00	0.00	0.53	0.00	0.00	0.00	0.00	0.94

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