Westrock Coffee Correlations
WEST Stock | USD 6.53 0.18 2.83% |
The current 90-days correlation between Westrock Coffee and Seneca Foods Corp is 0.12 (i.e., Average diversification). The correlation of Westrock Coffee 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.
Westrock Coffee Correlation With Market
Modest diversification
The correlation between Westrock Coffee and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westrock Coffee and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Westrock Stock
Moving against Westrock Stock
0.57 | JBSS | John B Sanfilippo | PairCorr |
0.5 | TSN | Tyson Foods | PairCorr |
0.4 | LWAY | Lifeway Foods | PairCorr |
0.4 | PAVS | Paranovus Entertainment | PairCorr |
0.4 | RMCF | Rocky Mountain Chocolate | PairCorr |
0.32 | GO | Grocery Outlet Holding | PairCorr |
0.68 | VSTA | Vasta Platform | PairCorr |
0.58 | KR | Kroger Company | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Westrock Stock performing well and Westrock Coffee 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 Westrock Coffee'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FARM | 2.51 | (0.48) | 0.00 | (0.31) | 0.00 | 4.61 | 19.77 | |||
SENEA | 1.45 | 0.20 | 0.10 | 0.39 | 1.39 | 3.16 | 8.40 | |||
BRID | 1.43 | (0.15) | 0.00 | (0.10) | 0.00 | 3.49 | 8.91 | |||
LANC | 1.30 | 0.02 | (0.04) | (0.04) | 3.18 | 2.71 | 19.88 | |||
ASTI | 6.70 | 1.26 | 0.19 | 0.49 | 6.63 | 7.46 | 161.25 | |||
SPIR | 3.71 | 0.35 | 0.11 | 0.38 | 3.49 | 10.60 | 21.27 | |||
XSNX | 7.85 | 3.19 | 0.00 | (0.49) | 0.00 | 0.00 | 200.00 |
Westrock Coffee Corporate Management
Blake Schuhmacher | Chief Officer | Profile | |
Wendy Redmond | Senior QSR | Profile | |
Steve McElhanon | Senior Service | Profile | |
Thomas Pledger | Chief Officer | Profile | |
Nicolas Lorenz | Executive Manufacturing | Profile | |
Kyle Jones | Senior Sales | Profile |