BranchOut Food Correlations

BOF Stock

2.08 0.03 1.46%

The current 90-days correlation between BranchOut Food Common and Nocera Inc is 0.25 (i.e., Modest diversification). The correlation of BranchOut Food 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.

BranchOut Food Correlation With Market

Average diversification

The correlation between BranchOut Food Common and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BranchOut Food Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BranchOut Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BranchOut Food Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with BranchOut Stock

0.66	NOMD	Nomad Foods	Pair Corr
0.71	SMPL	Simply Good Foods	Pair Corr
0.68	DIS	Walt Disney	Pair Corr

Moving against BranchOut Stock

0.6	36966TGR7	GENERAL ELEC CAP	Pair Corr
0.54	CHNXF	ChitogenX	Pair Corr
0.52	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.51	TLK	Telkom Indonesia Tbk	Pair Corr
0.48	QVCGA	QVC Group Symbol Change	Pair Corr
0.46	SSNLF	Samsung Electronics	Pair Corr
0.45	SVM	Silvercorp Metals	Pair Corr
0.44	HSY	Hershey	Pair Corr
0.44	MXC	Mexco Energy	Pair Corr
0.33	GRYP	GRYP Old Symbol Change	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.53	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.51	WMT	Walmart	Pair Corr
0.47	CAT	Caterpillar	Pair Corr
0.4	MRK	Merck Company	Pair Corr
0.38	MCD	McDonalds	Pair Corr
0.38	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.35	PFE	Pfizer Inc	Pair Corr
0.34	BAC	Bank of America	Pair Corr
0.33	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	NCRA	BTOG	COOT	JVA	MWYN	BTCT	NAII	PLAG	FARM	BON
NCRA		-0.5	0.25	-0.3	-0.29	-0.53	-0.1	0.48	0.23	0.12	NCRA
BTOG	-0.5		-0.12	0.27	0.34	0.74	0.08	-0.12	-0.49	-0.18	BTOG
COOT	0.25	-0.12		-0.03	0.03	-0.12	-0.49	0.5	-0.06	0.46	COOT
JVA	-0.3	0.27	-0.03		0.64	0.59	-0.46	0.26	-0.12	0.44	JVA
MWYN	-0.29	0.34	0.03	0.64		0.69	-0.45	0.14	-0.32	0.4	MWYN
BTCT	-0.53	0.74	-0.12	0.59	0.69		-0.26	-0.06	-0.49	0.13	BTCT
NAII	-0.1	0.08	-0.49	-0.46	-0.45	-0.26		-0.5	0.06	-0.92	NAII
PLAG	0.48	-0.12	0.5	0.26	0.14	-0.06	-0.5		0.25	0.57	PLAG
FARM	0.23	-0.49	-0.06	-0.12	-0.32	-0.49	0.06	0.25		0.19	FARM
BON	0.12	-0.18	0.46	0.44	0.4	0.13	-0.92	0.57	0.19		BON
	NCRA	BTOG	COOT	JVA	MWYN	BTCT	NAII	PLAG	FARM	BON

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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

BTCT	+ 0.74	BTOG
BTCT	+ 0.69	MWYN
MWYN	+ 0.64	JVA
BTCT	+ 0.59	JVA
BON	+ 0.57	PLAG
PLAG	+ 0.5	COOT

High negative correlations

BON	- 0.92	NAII
BTCT	- 0.53	NCRA
PLAG	- 0.5	NAII
BTOG	- 0.5	NCRA
FARM	- 0.49	BTCT
NAII	- 0.49	COOT

Risk-Adjusted Indicators

There is a big difference between BranchOut Stock performing well and BranchOut Food 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 BranchOut Food'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
NCRA	3.16	0.91	0.33	(1.38)	1.82	(5.20)	11.81	(3.23)	28.37
BTOG	7.62	(0.53)	0.00	(0.06)	0.00	0.00	22.50	(11.76)	44.89
COOT	8.25	3.40	0.46	6.43	4.58	(13.02)	15.49	(8.62)	188.83
JVA	2.17	(0.14)	0.00	(0.05)	0.00	0.00	5.00	(4.89)	15.10
MWYN	5.94	(0.02)	0.00	0.07	0.00	0.00	13.25	(10.22)	76.52
BTCT	3.23	(0.51)	0.00	(0.17)	0.00	0.00	5.31	(6.12)	17.91
NAII	2.62	(0.41)	0.00	(0.28)	0.00	0.00	5.56	(5.51)	14.31
PLAG	4.79	0.81	0.12	0.56	6.05	(5.24)	11.73	(6.91)	60.42
FARM	2.85	0.30	0.09	0.16	3.83	(4.06)	10.30	(3.55)	42.78
BON	2.64	0.52	0.14	0.79	2.67	(3.37)	6.15	(5.11)	32.56

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