Bunge Correlations

Stocks . USA . 
Stock . Bunge Limited
BG Stock  USD 84.00  2.20  2.55%   
The current 90-days correlation between Bunge Limited and Tyson Foods is 0.28 (i.e., Modest diversification). The correlation of Bunge 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.

Bunge Correlation With Market

Modest diversification

The correlation between Bunge Limited and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bunge Limited and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bunge Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Bunge Stock

  0.66EDBL Edible Garden AGPairCorr
  0.87ADM Archer Daniels MidlandPairCorr
  0.72BON Bon Natural LifePairCorr
  0.66BUD Anheuser Busch Inbev Sell-off TrendPairCorr
  0.7CAG ConAgra FoodsPairCorr
  0.75CPB Campbell Soup Sell-off TrendPairCorr
  0.8DDC DDC EnterprisePairCorr
  0.69FLO Flowers FoodsPairCorr
  0.83GIS General MillsPairCorr
  0.81HSY HersheyPairCorr
  0.63KHC Kraft HeinzPairCorr
  0.79LND Brasilagro AdrPairCorr
  0.78MKC McCormick Company Fiscal Year End 23rd of January 2025 PairCorr
  0.67RGF Real Good Food Earnings Call This WeekPairCorr

Moving against Bunge Stock

  0.9LW Lamb Weston HoldingsPairCorr
  0.73PM Philip Morris InternPairCorr
  0.68FDP Fresh Del MontePairCorr
  0.65DAR Darling IngredientsPairCorr
  0.55K KellanovaPairCorr
  0.55FAMI Farmmi IncPairCorr
  0.51MO Altria GroupPairCorr
  0.48FRPT FreshpetPairCorr
  0.33CCU Compania CerveceriasPairCorr
  0.8LSF Laird SuperfoodPairCorr
  0.79SAM Boston BeerPairCorr
  0.77PPC Pilgrims Pride CorpPairCorr
  0.67TPB Turning Point BrandsPairCorr
  0.59INGR Ingredion IncorporatedPairCorr
  0.49TAP Molson Coors BrewingPairCorr
  0.49SENEA Seneca Foods CorpPairCorr
  0.41JVA Coffee HoldingPairCorr
  0.35UVV UniversalPairCorr

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   
FDP
+ 0.68
CALM
ALCO
+ 0.67
LND
LMNR
+ 0.62
CALM
LND
+ 0.55
DOLE
AGRO
+ 0.5
DOLE
FDP
+ 0.47
TSN
  
High negative correlations   
LND
- 0.87
CALM
LND
- 0.67
FDP
ALCO
- 0.67
CALM
DOLE
- 0.58
TSN
DOLE
- 0.49
CALM
FDP
- 0.47
DOLE

Risk-Adjusted Indicators

There is a big difference between Bunge Stock performing well and Bunge 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 Bunge'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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