Bunge Correlations
| BG Stock | USD 109.21 0.66 0.60% |
The correlation of Bunge is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bunge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bunge Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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 tightly coupled with the direction of predictive economic indicators such as signals in census. Bunge |
The ability to find closely correlated positions to Bunge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bunge when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bunge - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bunge Limited to buy it.
Moving together with Bunge Stock
| + | 0.8 | WEST | Westrock Coffee | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.89 | ADM | Archer-Daniels-Midland | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.87 | CCU | Compania Cervecerias | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.82 | TAP | Molson Coors Brewing | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.91 | K | Kellanova | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.85 | GO | Grocery Outlet Holding | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.76 | JZ | Jianzhi Education | PairCorr | ||
| + | 0.77 | KO | Coca-Cola | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.67 | KR | Kroger Company | Financial Report 7th of March 2024 | PairCorr | |
| + | 0.7 | LW | Lamb Weston Holdings | Report 4th of January 2024 | PairCorr |
Related Correlations Analysis
ADM | HPQ | WMT | MRK | JNJ | JPM | KO | AA | CVX | ||
ADM | 0.51 | 0.13 | 0.79 | 0.86 | 0.25 | 0.54 | 0.83 | 0.56 | ADM | |
HPQ | 0.51 | -0.06 | 0.29 | 0.26 | 0.53 | 0.73 | 0.47 | -0.23 | HPQ | |
WMT | 0.13 | -0.06 | 0.32 | -0.04 | -0.5 | 0.14 | -0.01 | 0.05 | WMT | |
MRK | 0.79 | 0.29 | 0.32 | 0.79 | -0.19 | 0.36 | 0.64 | 0.55 | MRK | |
JNJ | 0.86 | 0.26 | -0.04 | 0.79 | 0.14 | 0.23 | 0.78 | 0.75 | JNJ | |
JPM | 0.25 | 0.53 | -0.5 | -0.19 | 0.14 | 0.39 | 0.22 | -0.25 | JPM | |
KO | 0.54 | 0.73 | 0.14 | 0.36 | 0.23 | 0.39 | 0.38 | -0.27 | KO | |
AA | 0.83 | 0.47 | -0.01 | 0.64 | 0.78 | 0.22 | 0.38 | 0.5 | AA | |
CVX | 0.56 | -0.23 | 0.05 | 0.55 | 0.75 | -0.25 | -0.27 | 0.5 | CVX | |
ADM | HPQ | WMT | MRK | JNJ | JPM | KO | AA | CVX |
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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 | High negative correlations |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADM | 0.92 | (0.11) | 0.00 | (0.13) | 0.00 | (0.1) | 0.00 | 1.75 | (1.80) | 5.68 | |
| HPQ | 0.99 | 0.01 | 0.01 | 0.03 | 1.16 | 0.009 | (1.12) | 2.16 | (2.11) | 4.89 | |
| WMT | 0.76 | (0.07) | 0.00 | (0.23) | 0.00 | (0.06) | 0.00 | 1.27 | (1.61) | 9.51 | |
| MRK | 0.75 | (0.09) | 0.00 | (0.25) | 0.00 | (0.11) | 0.00 | 1.36 | (1.93) | 4.82 | |
| JNJ | 0.71 | (0.05) | 0.00 | (0.08) | 0.00 | (0.06) | 0.00 | 1.28 | (1.70) | 3.60 | |
| JPM | 0.73 | 0.08 | 0.08 | 0.10 | 0.93 | 0.08 | (0.77) | 1.54 | (1.36) | 5.54 | |
| KO | 0.74 | (0.03) | 0.00 | (0.05) | 0.00 | (0.0358) | 0.00 | 1.44 | (1.07) | 5.79 | |
| AA | 2.39 | (0.08) | 0.00 | (0.02) | 0.00 | (0.0185) | 0.00 | 5.36 | (5.16) | 15.99 | |
| CVX | 1.07 | (0.14) | 0.00 | (0.19) | 0.00 | (0.09) | 0.00 | 1.93 | (2.50) | 9.48 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bunge without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Bunge Corporate Directors
Bunge corporate directors refer to members of a Bunge board of directors. The board of directors generally takes responsibility for the Bunge's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Bunge's board members must vote for the resolution. The Bunge board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Bernardo Hees | Independent Director | Profile | |
| Vinita Bali | Independent Director | Profile | |
| J Fyrwald | Independent Director | Profile | |
| Bernard Lauraguais | Independent Director | Profile |
Already Invested in Bunge Limited?
The danger of trading Bunge Limited is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bunge is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bunge. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bunge Limited is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Bunge Limited is a strong investment it is important to analyze Bunge's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bunge's future performance. For an informed investment choice regarding Bunge Stock, refer to the following important reports: 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 tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Bunge Limited information on this page should be used as a complementary analysis to other Bunge's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Bunge Stock analysis
When running Bunge's price analysis, check to measure Bunge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bunge is operating at the current time. Most of Bunge's value examination focuses on studying past and present price action to predict the probability of Bunge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bunge's price. Additionally, you may evaluate how the addition of Bunge to your portfolios can decrease your overall portfolio volatility.
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Is Bunge's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bunge. If investors know Bunge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bunge listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.008) | Dividend Share 2.575 | Earnings Share 12.92 | Revenue Per Share 408.591 | Quarterly Revenue Growth (0.15) |
The market value of Bunge Limited is measured differently than its book value, which is the value of Bunge that is recorded on the company's balance sheet. Investors also form their own opinion of Bunge's value that differs from its market value or its book value, called intrinsic value, which is Bunge's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bunge's market value can be influenced by many factors that don't directly affect Bunge's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bunge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bunge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bunge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.