ConAgra Foods Correlations

CAG Stock  USD 28.34  0.23  0.81%   
The current 90-days correlation between ConAgra Foods and Archer Daniels Midland is 0.51 (i.e., Very weak 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

Modest diversification

The correlation between ConAgra Foods and NYA is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ConAgra Foods and NYA 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 ConAgra Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in ConAgra Stock please use our How to Invest in ConAgra Foods guide.

Moving together with ConAgra Stock

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  0.83KLG WK KelloggPairCorr
  0.67LND Brasilagro AdrPairCorr
  0.7MKC McCormick Company Sell-off TrendPairCorr
  0.75PPC Pilgrims Pride CorpPairCorr

Moving against ConAgra Stock

  0.68LW Lamb Weston Holdings Financial Report 23rd of July 2024 PairCorr
  0.39TR Tootsie Roll IndustriesPairCorr
  0.37DDC DDC Enterprise Buyout TrendPairCorr
  0.34LSF Laird Superfood Upward RallyPairCorr
  0.66HPCO HempaccoPairCorr
  0.59HAIN Hain Celestial Fiscal Year End 22nd of August 2024 PairCorr
  0.42SJM JM SmuckerPairCorr
  0.34THS Treehouse Foods Earnings Call TomorrowPairCorr
  0.33SAM Boston BeerPairCorr

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   
AQBSHMP
AASZFLMNR
ADMVFF
VFFLMNR
ADMAASZF
ADMLMNR
  
High negative correlations   
AASZFSHMP
AQBVFF
SHMPLMNR
ADMAQB
AQBAASZF
ADMSHMP

Risk-Adjusted Indicators

There is a big difference between ConAgra Stock performing well and ConAgra Foods 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 ConAgra Foods' 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.