Bunge Correlations

Stocks . USA . 
Stock . Bunge Limited
BG Stock  USD 89.74  0.83  0.93%   
The current 90-days correlation between Bunge Limited and Fresh Del Monte is 0.15 (i.e., Average diversification). The correlation of Bunge 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.

Bunge Correlation With Market

Modest diversification

The correlation between Bunge Limited and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bunge Limited 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 Bunge Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Bunge Stock

  0.88ADM Archer Daniels MidlandPairCorr
  0.79GIS General MillsPairCorr
  0.76LND Brasilagro AdrPairCorr
  0.76ALCO Alico Inc Earnings Call This WeekPairCorr
  0.81SNAX Stryve FoodsPairCorr
  0.86CL Colgate Palmolive Sell-off TrendPairCorr
  0.74EL Estee Lauder CompaniesPairCorr
  0.66GV Visionary EducationPairCorr
  0.83KO Coca Cola Aggressive PushPairCorr
  0.62UG United GuardianPairCorr
  0.77UL Unilever PLC ADRPairCorr
  0.62DLTR Dollar Tree Earnings Call This WeekPairCorr

Moving against Bunge Stock

  0.91LW Lamb Weston HoldingsPairCorr
  0.82LSF Laird SuperfoodPairCorr
  0.73CALM Cal Maine FoodsPairCorr
  0.67FDP Fresh Del MontePairCorr
  0.67KR Kroger Company Earnings Call This WeekPairCorr
  0.61BJ BJs Wholesale ClubPairCorr
  0.6K KellanovaPairCorr
  0.39LMNR Limoneira Fiscal Year End 19th of December 2024 PairCorr
  0.36JZ Jianzhi EducationPairCorr
  0.34AGRO Adecoagro SAPairCorr
  0.71PM Philip Morris InternPairCorr
  0.66BRCNF Burcon NutraScience CorpPairCorr
  0.6FAMI Farmmi IncPairCorr
  0.51WILC G Willi FoodPairCorr
  0.5VINE Fresh Grapes LLCPairCorr
  0.5EEIQ Elite Education GroupPairCorr
  0.43MO Altria GroupPairCorr
  0.38VSTA Vasta PlatformPairCorr

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   
AFRI
+ 0.77
ALCO
CALM
+ 0.66
LMNR
CALM
+ 0.64
FDP
AFRI
+ 0.56
DOLE
LOCL
+ 0.51
VITL
LMNR
+ 0.45
FDP
  
High negative correlations   
AFRI
- 0.88
CALM
CALM
- 0.76
ALCO
AFRI
- 0.65
FDP
LOCL
- 0.6
FDP
VITL
- 0.47
FDP
ALCO
- 0.4
FDP

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.

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