Adecoagro Correlations

AGRO Stock

USD 10.75 0.17 1.56%

The current 90-days correlation between Adecoagro SA and Limoneira Co is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adecoagro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adecoagro SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Adecoagro Correlation With Market

Significant diversification

The correlation between Adecoagro SA and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adecoagro SA 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 Adecoagro SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving against Adecoagro Stock

0.45	BRID	Bridgford Foods	Pair Corr
0.44	BG	Bunge Limited	Pair Corr
0.35	TSN	Tyson Foods	Pair Corr
0.45	DG	Dollar General Earnings Call This Week	Pair Corr
0.32	GO	Grocery Outlet Holding	Pair Corr
0.58	DLTR	Dollar Tree Earnings Call This Week	Pair Corr
0.44	EDTK	Skillful Craftsman	Pair Corr
0.41	YI	111 Inc Earnings Call Today	Pair Corr

Related Correlations Analysis

	LMNR	DOLE	ALCO	CALM	FDP	SANW	LND	SLCJY	AFRI	ADM
LMNR		0.26	-0.28	0.67	0.43	-0.18	-0.49	-0.26	-0.39	-0.48	LMNR
DOLE	0.26		0.43	-0.33	-0.3	-0.05	0.33	0.31	0.52	0.39	DOLE
ALCO	-0.28	0.43		-0.79	-0.42	0.59	0.81	0.52	0.8	0.76	ALCO
CALM	0.67	-0.33	-0.79		0.62	-0.35	-0.89	-0.55	-0.88	-0.83	CALM
FDP	0.43	-0.3	-0.42	0.62		-0.16	-0.57	-0.62	-0.64	-0.83	FDP
SANW	-0.18	-0.05	0.59	-0.35	-0.16		0.45	0.19	0.37	0.45	SANW
LND	-0.49	0.33	0.81	-0.89	-0.57	0.45		0.57	0.83	0.79	LND
SLCJY	-0.26	0.31	0.52	-0.55	-0.62	0.19	0.57		0.64	0.66	SLCJY
AFRI	-0.39	0.52	0.8	-0.88	-0.64	0.37	0.83	0.64		0.86	AFRI
ADM	-0.48	0.39	0.76	-0.83	-0.83	0.45	0.79	0.66	0.86		ADM
	LMNR	DOLE	ALCO	CALM	FDP	SANW	LND	SLCJY	AFRI	ADM

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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

ADM	+ 0.86	AFRI
AFRI	+ 0.83	LND
LND	+ 0.81	ALCO
AFRI	+ 0.8	ALCO
ADM	+ 0.79	LND
ADM	+ 0.76	ALCO

High negative correlations

LND	- 0.89	CALM
AFRI	- 0.88	CALM
ADM	- 0.83	FDP
ADM	- 0.83	CALM
CALM	- 0.79	ALCO
AFRI	- 0.64	FDP

Risk-Adjusted Indicators

There is a big difference between Adecoagro Stock performing well and Adecoagro 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 Adecoagro'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LMNR	1.59	0.02	0.07	0.13	1.65	(1.83)	3.82	(3.01)	10.68
DOLE	1.29	(0.14)	0.00	(0.05)	0.00	0.00	2.45	(2.60)	15.22
ALCO	1.55	(0.25)	0.00	(0.05)	0.00	0.00	4.76	(3.23)	13.25
CALM	1.24	0.42	0.25	0.90	0.83	(1.36)	3.33	(1.86)	9.06
FDP	1.09	0.25	0.13	3.41	0.95	(1.33)	2.30	(1.99)	12.38
SANW	7.35	1.00	0.17	0.61	6.30	(10.53)	26.35	(10.31)	38.92
LND	1.12	(0.16)	0.00	(0.41)	0.00	0.00	2.16	(2.15)	6.34
SLCJY	1.39	(0.14)	0.00	0.59	0.00	0.00	2.86	(3.09)	14.42
AFRI	1.19	(0.26)	0.00	(0.21)	0.00	0.00	2.22	(2.16)	7.72
ADM	1.06	(0.23)	0.00	(0.32)	0.00	0.00	1.60	(2.23)	9.15

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