Utz Brands Correlations

UTZ Stock

USD 14.43 0.40 2.85%

The current 90-days correlation between Utz Brands and J J Snack is 0.15 (i.e., Average diversification). The correlation of Utz Brands 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.

Utz Brands Correlation With Market

Average diversification

The correlation between Utz Brands and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Utz Brands and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Utz Stock

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

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

Moving together with Utz Stock

0.67

JBSS

John B Sanfilippo

Pair Corr

Moving against Utz Stock

0.56	BJ	BJs Wholesale Club Sell-off Trend	Pair Corr
0.48	ABEV	Ambev SA ADR	Pair Corr
0.46	TWG	Top Wealth Group Buyout Trend	Pair Corr
0.4	CCU	Compania Cervecerias	Pair Corr
0.37	STZ	Constellation Brands	Pair Corr
0.35	SAM	Boston Beer Earnings Call Tomorrow	Pair Corr
0.31	IMG	CIMG Inc Symbol Change	Pair Corr
0.31	BG	Bunge Limited Earnings Call This Week	Pair Corr
0.37	DOLE	Dole PLC	Pair Corr
0.34	WGRX	Wellgistics Health,	Pair Corr

Related Correlations Analysis

	POST	JJSF	HAIN	BRBR	SENEB	LANC	NOMD	PPC	INGR	THS
POST		0.64	0.69	0.72	-0.69	0.18	0.62	0.61	-0.42	0.46	POST
JJSF	0.64		0.87	0.84	-0.6	0.31	0.8	0.7	-0.82	0.39	JJSF
HAIN	0.69	0.87		0.94	-0.77	0.28	0.85	0.8	-0.71	0.6	HAIN
BRBR	0.72	0.84	0.94		-0.86	0.42	0.88	0.77	-0.7	0.66	BRBR
SENEB	-0.69	-0.6	-0.77	-0.86		-0.44	-0.81	-0.69	0.52	-0.7	SENEB
LANC	0.18	0.31	0.28	0.42	-0.44		0.61	0.1	-0.23	0.39	LANC
NOMD	0.62	0.8	0.85	0.88	-0.81	0.61		0.66	-0.65	0.63	NOMD
PPC	0.61	0.7	0.8	0.77	-0.69	0.1	0.66		-0.57	0.58	PPC
INGR	-0.42	-0.82	-0.71	-0.7	0.52	-0.23	-0.65	-0.57		-0.05	INGR
THS	0.46	0.39	0.6	0.66	-0.7	0.39	0.63	0.58	-0.05		THS
	POST	JJSF	HAIN	BRBR	SENEB	LANC	NOMD	PPC	INGR	THS

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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

BRBR	+ 0.94	HAIN
NOMD	+ 0.88	BRBR
HAIN	+ 0.87	JJSF
NOMD	+ 0.85	HAIN
BRBR	+ 0.84	JJSF
NOMD	+ 0.8	JJSF

High negative correlations

SENEB	- 0.86	BRBR
INGR	- 0.82	JJSF
NOMD	- 0.81	SENEB
SENEB	- 0.77	HAIN
INGR	- 0.71	HAIN
THS	- 0.7	SENEB

Risk-Adjusted Indicators

There is a big difference between Utz Stock performing well and Utz Brands 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 Utz Brands' 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
POST	0.91	(0.21)	0.00	(0.36)	0.00	0.00	1.84	(1.87)	4.92
JJSF	1.56	(0.29)	0.00	(0.26)	0.00	0.00	2.65	(3.01)	14.87
HAIN	4.36	(0.74)	0.00	(0.24)	0.00	0.00	9.21	(8.19)	58.06
BRBR	1.94	(0.60)	0.00	(0.22)	0.00	0.00	2.53	(3.24)	22.25
SENEB	2.26	0.62	0.13	(1.46)	1.95	(3.78)	6.37	(4.27)	19.64
LANC	1.30	(0.05)	(0.04)	0.01	3.18	(1.14)	2.71	(2.02)	19.88
NOMD	1.03	(0.20)	0.00	(0.42)	0.00	0.00	2.11	(2.37)	5.03
PPC	1.36	(0.22)	0.00	(4.30)	0.00	0.00	2.04	(3.13)	15.99
INGR	0.85	(0.02)	(0.10)	0.09	0.98	(0.92)	1.84	(1.77)	6.11
THS	1.90	(0.33)	0.00	(0.14)	0.00	0.00	3.31	(5.77)	14.38

Utz Brands Corporate Management

Theresa Shea	General VP	Profile
Ajay Kataria	Executive Vice President - Finance and Accounting	Profile
Brian Greth	Senior Integration	Profile
Mike Aicklen	Head Sales	Profile
Todd Staub	Executive Vice President Chief Administrative Officer	Profile
Antonio Fernandez	Independent Director	Profile
Eric Aumen	Chief Accounting Officer, Vice President	Profile

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