| CAG Stock | | | USD 29.51 0.16 0.55% |
The current 90-days correlation between ConAgra Foods and General Mills is 0.71 (i.e., Poor diversification). The correlation of ConAgra Foods 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.
ConAgra Foods Correlation With Market
Average diversification
The correlation between ConAgra Foods and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ConAgra Foods and DJI in the same portfolio, assuming nothing else is changed.
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