SunOpta Correlations

STKL Stock

USD 3.84 0.06 1.59%

The current 90-days correlation between SunOpta and John B Sanfilippo is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SunOpta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SunOpta moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SunOpta Correlation With Market

Weak diversification

The correlation between SunOpta and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SunOpta and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SunOpta Stock

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

For more information on how to buy SunOpta Stock please use our How to buy in SunOpta Stock guide.

Moving together with SunOpta Stock

0.67	MTM	MTM Critical Metals	Pair Corr
0.88	VITL	Vital Farms	Pair Corr
0.8	002568	Shanghai Bairun Flavor	Pair Corr
0.83	603288	Foshan Haitian Flavouring	Pair Corr
0.9	EDBL	Edible Garden AG	Pair Corr
0.76	002311	Guangdong Haid Group	Pair Corr
0.65	NGS	Nutritional Growth	Pair Corr
0.64	002840	Zhejiang Huatong Meat	Pair Corr
0.83	WEST	Westrock Coffee	Pair Corr
0.78	300143	INKON Life Technology	Pair Corr
0.81	ART	Artisanal Spirits	Pair Corr
0.89	FAMI	Farmmi Inc	Pair Corr
0.91	FARM	Farmer Bros	Pair Corr
0.74	BON	Bon Natural Life	Pair Corr
0.65	CAG	ConAgra Foods	Pair Corr

Moving against SunOpta Stock

0.87	RE-B	REA Holdings plc	Pair Corr
0.86	000798	CNFC Overseas Fishery	Pair Corr
0.85	600257	Dahu Aquaculture	Pair Corr
0.82	MBH	Maggie Beer Holdings	Pair Corr
0.78	DOLE	Dole PLC	Pair Corr
0.76	002216	Sanquan Food	Pair Corr
0.69	K	Kellanova	Pair Corr
0.65	603697	Youyou Foods	Pair Corr
0.58	000529	Guangdong Guanghong	Pair Corr
0.55	AEP	Anglo Eastern Planta	Pair Corr
0.71	002696	Baiyang Aquatic Group	Pair Corr
0.5	002650	Jiajia Food Group	Pair Corr
0.49	605016	Shandong Bailong Chu	Pair Corr
0.75	BOF	BranchOut Food Common	Pair Corr
0.64	FRPT	Freshpet	Pair Corr
0.5	BGS	BG Foods	Pair Corr
0.5	APN	Applied Nutrition Plc	Pair Corr
0.39	JBS	JBS NV Sell-off Trend	Pair Corr

Related Correlations Analysis

	JBSS	SENEA	APEI	KLC	LINC	HLF	WEST	THS	DNUT
JBSS		0.02	-0.08	-0.75	0.11	0.9	-0.73	0.8	0.77	JBSS
SENEA	0.02		-0.03	-0.5	0.0	0.09	-0.03	0.44	-0.01	SENEA
APEI	-0.08	-0.03		0.34	0.83	0.19	0.44	-0.04	-0.09	APEI
KLC	-0.75	-0.5	0.34		0.11	-0.66	0.73	-0.85	-0.58	KLC
LINC	0.11	0.0	0.83	0.11		0.37	0.33	0.16	0.27	LINC
HLF	0.9	0.09	0.19	-0.66	0.37		-0.53	0.75	0.73	HLF
WEST	-0.73	-0.03	0.44	0.73	0.33	-0.53		-0.65	-0.47	WEST
THS	0.8	0.44	-0.04	-0.85	0.16	0.75	-0.65		0.71	THS
DNUT	0.77	-0.01	-0.09	-0.58	0.27	0.73	-0.47	0.71		DNUT
	JBSS	SENEA	APEI	KLC	LINC	HLF	WEST	THS	DNUT

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

HLF	+ 0.9	JBSS
LINC	+ 0.83	APEI
THS	+ 0.8	JBSS
DNUT	+ 0.77	JBSS
THS	+ 0.75	HLF
WEST	+ 0.73	KLC

High negative correlations

THS	- 0.85	KLC
KLC	- 0.75	JBSS
WEST	- 0.73	JBSS
HLF	- 0.66	KLC
THS	- 0.65	WEST
DNUT	- 0.58	KLC

Risk-Adjusted Indicators

There is a big difference between SunOpta Stock performing well and SunOpta 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 SunOpta'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
JBSS	1.33	0.24	0.08	(2.08)	1.63	(1.55)	2.36	(2.19)	23.73
SENEA	1.65	0.05	0.00	0.29	2.25	(1.68)	2.82	(3.34)	12.80
APEI	1.58	(0.06)	(0.03)	0.02	1.88	(1.71)	3.90	(3.26)	9.81
KLC	2.99	(0.82)	0.00	(0.26)	0.00	0.00	5.00	(6.84)	24.00
LINC	2.06	0.10	0.04	0.14	2.90	(1.99)	3.61	(4.66)	20.71
HLF	2.83	0.58	0.24	0.52	2.19	(3.66)	7.40	(4.57)	28.95
WEST	2.68	(0.25)	0.00	(0.34)	0.00	0.00	8.01	(6.70)	18.25
THS	1.93	0.53	0.28	0.65	1.37	(2.44)	3.41	(3.53)	23.99
DNUT	3.43	0.35	0.11	0.29	3.57	(3.81)	8.40	(5.74)	21.37

SunOpta Corporate Management

Rob Duchscher	Chief Officer	Profile
Christopher Whitehair	Senior Chain	Profile
Danielle Duzan	Chief Officer	Profile
Christopher McCullough	General Secretary	Profile
Michael Buick	VP Beverage	Profile
Barend Reijn	VP Sourcing	Profile
Jill JD	Chief Counsel	Profile

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