J J Correlations

JJSF Stock

USD 89.86 0.81 0.89%

The current 90-days correlation between J J Snack and Nomad Foods is 0.3 (i.e., Weak diversification). The correlation of J J 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.

J J Correlation With Market

Good diversification

The correlation between J J Snack 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 J J Snack and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with JJSF Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in J J Snack. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with JJSF Stock

0.69	MTM	MTM Critical Metals	Pair Corr
0.7	CAG	ConAgra Foods	Pair Corr

Moving against JJSF Stock

0.75	603697	Youyou Foods	Pair Corr
0.62	002216	Sanquan Food	Pair Corr
0.48	K	Kellanova	Pair Corr
0.47	600257	Dahu Aquaculture	Pair Corr
0.43	000529	Guangdong Guanghong	Pair Corr
0.42	MBH	Maggie Beer Holdings	Pair Corr
0.33	RE-B	REA Holdings plc	Pair Corr
0.7	002696	Baiyang Aquatic Group	Pair Corr
0.67	002650	Jiajia Food Group	Pair Corr
0.62	603866	Shenyang Toly Bread	Pair Corr
0.47	002481	Yan Tai Shuang	Pair Corr
0.32	002840	Zhejiang Huatong Meat	Pair Corr
0.32	605016	Shandong Bailong Chu	Pair Corr
0.47	BOF	BranchOut Food Common	Pair Corr

Related Correlations Analysis

	NOMD	CENT	SMPL	ANDE	FDP	WMK	TPB	UTI	STRA
NOMD		0.4	0.31	-0.11	0.14	0.7	0.38	-0.12	0.63	NOMD
CENT	0.4		-0.42	0.42	0.65	0.06	0.57	-0.5	0.28	CENT
SMPL	0.31	-0.42		-0.83	-0.7	0.76	-0.59	0.6	0.46	SMPL
ANDE	-0.11	0.42	-0.83		0.78	-0.59	0.7	-0.65	-0.34	ANDE
FDP	0.14	0.65	-0.7	0.78		-0.31	0.8	-0.62	-0.12	FDP
WMK	0.7	0.06	0.76	-0.59	-0.31		-0.19	0.38	0.76	WMK
TPB	0.38	0.57	-0.59	0.7	0.8	-0.19		-0.62	-0.08	TPB
UTI	-0.12	-0.5	0.6	-0.65	-0.62	0.38	-0.62		0.49	UTI
STRA	0.63	0.28	0.46	-0.34	-0.12	0.76	-0.08	0.49		STRA
	NOMD	CENT	SMPL	ANDE	FDP	WMK	TPB	UTI	STRA

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

TPB	+ 0.8	FDP
FDP	+ 0.78	ANDE
WMK	+ 0.76	SMPL
STRA	+ 0.76	WMK
WMK	+ 0.7	NOMD
TPB	+ 0.7	ANDE

High negative correlations

ANDE	- 0.83	SMPL
FDP	- 0.7	SMPL
UTI	- 0.65	ANDE
UTI	- 0.62	TPB
UTI	- 0.62	FDP
WMK	- 0.59	ANDE

Risk-Adjusted Indicators

There is a big difference between JJSF Stock performing well and J J 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 J J'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
NOMD	1.04	(0.08)	0.00	(0.40)	0.00	0.00	1.75	(2.48)	7.78
CENT	1.21	(0.11)	0.00	(0.04)	0.00	0.00	2.28	(2.66)	11.94
SMPL	1.64	(0.33)	0.00	(4.78)	0.00	0.00	2.40	(2.61)	19.75
ANDE	1.47	0.43	0.22	0.75	1.36	(1.59)	4.37	(2.35)	13.44
FDP	1.26	0.02	(0.01)	0.10	1.55	(1.29)	2.19	(2.84)	8.48
WMK	1.14	(0.16)	0.00	(0.31)	0.00	0.00	2.06	(2.25)	7.02
TPB	1.61	0.17	0.03	(1.07)	2.32	(1.64)	3.88	(3.43)	10.75
UTI	2.35	(0.24)	0.00	(0.06)	0.00	0.00	4.73	(4.31)	25.31
STRA	1.25	(0.09)	0.00	(0.03)	0.00	0.00	2.18	(4.08)	9.31

J J Corporate Management

James CPA	VP Controller	Profile
Stephen Every	Executive Operations	Profile
Douglas Davidson	Senior Division	Profile
Robert Cranmer	Senior Operations	Profile
Lynwood Mallard	Senior Officer	Profile
John Griffith	Chief Officer	Profile

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