Wing Yip Correlations

Stocks . USA . 
Stock . Wing Yip Food
WYHG Stock   1.29  0.01  0.78%   
The current 90-days correlation between Wing Yip Food and Farmmi Inc is 0.03 (i.e., Significant diversification). The correlation of Wing Yip 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.

Wing Yip Correlation With Market

Good diversification

The correlation between Wing Yip Food and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wing Yip Food and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving together with Wing Stock

  0.82FARM Farmer BrosPairCorr
  0.67BGS BG FoodsPairCorr
  0.7CAG ConAgra FoodsPairCorr
  0.76CPB Campbell SoupPairCorr
  0.78FLO Flowers FoodsPairCorr
  0.65GIS General MillsPairCorr
  0.79IMG CIMG Inc Symbol ChangePairCorr
  0.72KHC Kraft Heinz Aggressive PushPairCorr
  0.62HAIN Hain CelestialPairCorr
  0.63JJSF J J SnackPairCorr

Moving against Wing Stock

  0.78SFD Smithfield Foods, CommonPairCorr
  0.75DDC DDC Enterprise Upward RallyPairCorr
  0.73JVA Coffee HoldingPairCorr
  0.67HLF Herbalife NutritionPairCorr
  0.58FAMI Farmmi IncPairCorr
  0.48HRL Hormel FoodsPairCorr
  0.41BOF BranchOut Food CommonPairCorr
  0.4CENTA Central Garden PetPairCorr
  0.38DAR Darling Ingredients Earnings Call This WeekPairCorr
  0.31LSF Laird SuperfoodPairCorr
  0.81MAMA Mamas CreationsPairCorr
  0.75RKDA Arcadia BiosciencesPairCorr
  0.74SENEB Seneca Foods CorpPairCorr
  0.74NAII Natural AlternativesPairCorr
  0.74NATR Natures Sunshine ProductsPairCorr
  0.74SOWG Sow Good CommonPairCorr
  0.69STKL SunOptaPairCorr
  0.68SENEA Seneca Foods CorpPairCorr
  0.62NCRA Nocera IncPairCorr

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   
CAG
+ 0.8
FARM
BGS
+ 0.79
FARM
CAG
+ 0.7
BGS
BOF
+ 0.66
CENTA
BOF
+ 0.41
FAMI
BRLSW
+ 0.4
LW
  
High negative correlations   
CAG
- 0.81
BOF
CAG
- 0.63
CENTA
CAG
- 0.61
FAMI
BOF
- 0.53
FARM
FARM
- 0.53
FAMI
BGS
- 0.48
FAMI

Risk-Adjusted Indicators

There is a big difference between Wing Stock performing well and Wing Yip 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 Wing Yip'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.

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