Freshpet Correlations
| FRPT Stock | USD 71.72 0.77 1.09% |
The correlation of Freshpet 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 Freshpet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freshpet 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freshpet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. Freshpet |
The ability to find closely correlated positions to Freshpet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freshpet 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 Freshpet - 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 Freshpet to buy it.
Moving together with Freshpet Stock
| + | 0.66 | WEST | Westrock Coffee | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.71 | ADM | Archer-Daniels-Midland | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.81 | CCU | Compania Cervecerias | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.65 | TAP | Molson Coors Brewing | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.73 | TPB | Turning Point Brands | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.69 | TSN | Tyson Foods | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.88 | ABEV | Ambev SA ADR | Aggressive Push | PairCorr |
Moving against Freshpet Stock
| - | 0.42 | BJ | BJs Wholesale Club | Fiscal Quarter End 31st of January 2024 | PairCorr |
Related Correlations Analysis
MBIO | DDOG | NOW | PINS | TGAN | QTWO | NTGR | EVTZF | ||
MBIO | -0.11 | -0.29 | -0.44 | -0.19 | 0.0 | 0.03 | 0.76 | MBIO | |
DDOG | -0.11 | 0.87 | 0.73 | 0.7 | 0.86 | 0.53 | -0.17 | DDOG | |
NOW | -0.29 | 0.87 | 0.9 | 0.84 | 0.84 | 0.68 | -0.42 | NOW | |
PINS | -0.44 | 0.73 | 0.9 | 0.72 | 0.78 | 0.53 | -0.49 | PINS | |
TGAN | -0.19 | 0.7 | 0.84 | 0.72 | 0.7 | 0.65 | -0.45 | TGAN | |
QTWO | 0.0 | 0.86 | 0.84 | 0.78 | 0.7 | 0.56 | -0.19 | QTWO | |
NTGR | 0.03 | 0.53 | 0.68 | 0.53 | 0.65 | 0.56 | -0.04 | NTGR | |
EVTZF | 0.76 | -0.17 | -0.42 | -0.49 | -0.45 | -0.19 | -0.04 | EVTZF | |
MBIO | DDOG | NOW | PINS | TGAN | QTWO | NTGR | EVTZF |
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Freshpet Stock performing well and Freshpet 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 Freshpet'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MBIO | 3.47 | (1.19) | 0.00 | (0.73) | 0.00 | (0.27) | 0.00 | 4.70 | (7.05) | 21.26 | |
| DDOG | 2.13 | 0.40 | 0.16 | 0.35 | 2.07 | 0.1 | (2.33) | 4.32 | (3.92) | 30.64 | |
| NOW | 1.18 | 0.23 | 0.11 | 0.21 | 1.64 | 0.14 | (1.13) | 2.48 | (3.12) | 7.42 | |
| PINS | 2.03 | 0.39 | 0.14 | 0.26 | 2.47 | 0.12 | (2.11) | 3.34 | (4.18) | 20.79 | |
| TGAN | 3.36 | 0.18 | 0.04 | 0.10 | 4.00 | 0.0456 | (3.67) | 6.16 | (6.64) | 18.11 | |
| QTWO | 1.88 | 0.11 | 0.05 | 0.06 | 2.28 | 0.0469 | (1.91) | 3.42 | (3.83) | 15.18 | |
| NTGR | 2.48 | 0.11 | 0.04 | 0.09 | 2.60 | 0.0301 | (2.96) | 5.27 | (3.66) | 23.93 | |
| EVTZF | 0.31 | (0.12) | 0.00 | 0.99 | 0.00 | (0.13) | 0.00 | 0.00 | 0.00 | 9.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Freshpet 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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Freshpet Corporate Directors
Freshpet corporate directors refer to members of a Freshpet board of directors. The board of directors generally takes responsibility for the Freshpet'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 Freshpet's board members must vote for the resolution. The Freshpet board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Leta Priest | Independent Director | Profile | |
| Jonathan Marlow | Independent Director | Profile | |
| Christopher Harned | Independent Director | Profile | |
| Craig Steeneck | Independent Director | Profile |
Already Invested in Freshpet?
The danger of trading Freshpet 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 Freshpet 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 Freshpet. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Freshpet 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 Freshpet is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Freshpet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Freshpet Stock. Highlighted below are key reports to facilitate an investment decision about Freshpet Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freshpet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Freshpet Stock please use our How to Invest in Freshpet guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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When running Freshpet's price analysis, check to measure Freshpet'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 Freshpet is operating at the current time. Most of Freshpet's value examination focuses on studying past and present price action to predict the probability of Freshpet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freshpet's price. Additionally, you may evaluate how the addition of Freshpet to your portfolios can decrease your overall portfolio volatility.
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Is Freshpet'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 Freshpet. If investors know Freshpet 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 Freshpet 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 0.093 | Earnings Share (1.07) | Revenue Per Share 14.905 | Quarterly Revenue Growth 0.326 | Return On Assets (0.0226) |
The market value of Freshpet is measured differently than its book value, which is the value of Freshpet that is recorded on the company's balance sheet. Investors also form their own opinion of Freshpet's value that differs from its market value or its book value, called intrinsic value, which is Freshpet'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 Freshpet's market value can be influenced by many factors that don't directly affect Freshpet'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 Freshpet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freshpet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freshpet'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.