JM Smucker Correlations

SJM Stock

USD 106.16 2.74 2.52%

The current 90-days correlation between JM Smucker and ConAgra Foods is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JM Smucker moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JM Smucker moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

JM Smucker Correlation With Market

Modest diversification

The correlation between JM Smucker and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JM Smucker and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in SJM Stock, please use our How to Invest in JM Smucker guide.

Moving together with SJM Stock

0.82	K	Kellanova Earnings Call This Week	Pair Corr
0.73	CCU	Compania Cervecerias	Pair Corr
0.77	IMG	CIMG Inc Symbol Change	Pair Corr
0.8	SAM	Boston Beer Earnings Call This Week	Pair Corr
0.85	STZ	Constellation Brands	Pair Corr
0.69	PAVS	Paranovus Entertainment	Pair Corr
0.64	GO	Grocery Outlet Holding	Pair Corr
0.72	JZ	Jianzhi Education	Pair Corr

Moving against SJM Stock

0.74	DG	Dollar General	Pair Corr
0.69	OTLY	Oatly Group AB	Pair Corr
0.64	EL	Estee Lauder Companies Earnings Call Tomorrow	Pair Corr
0.63	LWAY	Lifeway Foods	Pair Corr
0.61	RKDA	Arcadia Biosciences	Pair Corr
0.6	SFD	Smithfield Foods, Common	Pair Corr
0.57	BUD	Anheuser Busch Inbev	Pair Corr
0.38	BG	Bunge Limited	Pair Corr
0.37	VITL	Vital Farms	Pair Corr
0.37	INGR	Ingredion Incorporated	Pair Corr
0.7	DTCK	Davis Commodities	Pair Corr
0.68	PM	Philip Morris Intern Earnings Call Tomorrow	Pair Corr
0.66	DLTR	Dollar Tree	Pair Corr
0.65	EWCZ	European Wax Center	Pair Corr
0.55	WILC	G Willi Food	Pair Corr
0.54	YQ	17 Education Technology	Pair Corr
0.47	FAMI	Farmmi Inc	Pair Corr
0.43	MO	Altria Group	Pair Corr
0.42	FEDU	Four Seasons Education	Pair Corr
0.37	IH	Ihuman Inc Trending	Pair Corr

Related Correlations Analysis

	CAG	K	GIS	HRL	CPB	MKC	KHC	LW
CAG		0.79	0.95	-0.16	0.95	0.45	0.63	0.23	CAG
K	0.79		0.75	-0.25	0.84	0.16	0.57	0.11	K
GIS	0.95	0.75		0.0	0.94	0.46	0.71	0.27	GIS
HRL	-0.16	-0.25	0.0		-0.23	0.07	-0.23	0.61	HRL
CPB	0.95	0.84	0.94	-0.23		0.39	0.77	0.1	CPB
MKC	0.45	0.16	0.46	0.07	0.39		0.35	0.19	MKC
KHC	0.63	0.57	0.71	-0.23	0.77	0.35		-0.29	KHC
LW	0.23	0.11	0.27	0.61	0.1	0.19	-0.29		LW
	CAG	K	GIS	HRL	CPB	MKC	KHC	LW

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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

GIS	+ 0.95	CAG
CPB	+ 0.95	CAG
CPB	+ 0.94	GIS
CPB	+ 0.84	K
K	+ 0.79	CAG
KHC	+ 0.77	CPB

High negative correlations

LW	- 0.29	KHC
HRL	- 0.25	K
KHC	- 0.23	HRL
CPB	- 0.23	HRL
HRL	- 0.16	CAG
HRL	- 0.0	GIS

Risk-Adjusted Indicators

There is a big difference between SJM Stock performing well and JM Smucker 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 JM Smucker'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	Potential Upside	Value @Risk	Maximum Drawdown
CAG	1.06	(0.53)	(0.84)	1.52	(2.76)	7.20
K	0.30	(0.06)	(0.38)	0.53	(0.68)	2.13
GIS	0.97	(0.30)	(0.42)	1.83	(2.38)	7.19
HRL	0.98	(0.13)	(0.12)	1.92	(1.88)	6.69
CPB	1.12	(0.41)	(0.52)	1.89	(2.47)	5.97
MKC	1.11	(0.21)	(0.16)	1.82	(2.25)	7.18
KHC	1.08	(0.15)	(0.17)	2.26	(2.18)	6.80
LW	1.26	(0.33)	(0.17)	2.69	(2.90)	8.61

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