Archer Daniels Correlations

ADM
 Stock
  

USD 91.88  0.52  0.56%   

The correlation of Archer Daniels 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 Archer Daniels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Archer-Daniels-Midland 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.
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The ability to find closely correlated positions to Archer Daniels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Archer Daniels 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 Archer Daniels - 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 Archer-Daniels-Midland to buy it.

Moving together with Archer Daniels

+0.68BTIBritish American TobaccoPairCorr
+0.71BUDAnheuser Busch InbevPairCorr
+0.63CCUCompania CerveceriasPairCorr
+0.86COKECoca-Cola BottlingPairCorr
+0.74CPBCampbell SoupPairCorr
+0.84FIZZNational Beverage CorpPairCorr
+0.87FLOFlowers FoodsPairCorr
+0.88FMXFomento EconomicoPairCorr
+0.69FRPTFreshpetPairCorr
+0.68HAINHain CelestialPairCorr
+0.65HRLHormel FoodsPairCorr
+0.61HSYHersheyPairCorr

Moving against Archer Daniels

-0.63FTFTFuture Fintech GroupPairCorr
-0.56BRFSBRF SA ADRPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
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Risk-Adjusted Indicators

Nowadays, there is a big difference between Archer Stock performing well and Archer Daniels company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Archer Daniels' multiple risk-adjusted performance indicators. 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
At Risk
Maximum
Drawdown
SCHW 1.39  0.13  0.07  0.21  1.61  0.06 (1.49)  3.41 (2.41)  10.99 
JCI 1.78  0.20  0.11  0.22  1.74  0.09 (2.17)  4.40 (3.53)  8.48 
HPQ 1.78  0.01  0.01  0.06  2.04  0.0123 (2.00)  4.77 (3.64)  10.27 
MMM 1.29  0.04  0.02  0.10  1.44  0.019 (1.42)  3.27 (3.04)  8.28 
PFE 1.22  0.15  0.10  0.30  1.16  0.09 (1.46)  3.14 (2.01)  6.76 
TRV 1.11  0.19  0.12  0.41  1.24  0.11 (1.19)  2.80 (2.04)  6.49 
DD 1.72  0.29  0.17  0.31  1.45  0.13 (1.99)  3.91 (2.34)  10.00 
MSFT 1.80 (0.11)  0.00 (0.03)  0.00 (0.0369)  0.00  3.92 (3.54)  11.64 
INTC 1.97 (0.15)  0.00 (0.04)  0.00 (0.0433)  0.00  4.33 (3.46)  14.49 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Archer Daniels 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.

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Archer Daniels Corporate Directors

Archer Daniels corporate directors refer to members of an Archer Daniels board of directors. The board of directors generally takes responsibility for the Archer Daniels' 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 Archer Daniels' board members must vote for the resolution. The Archer Daniels board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Debra Sandler - Independent DirectorProfile
Alan Boeckmann - Independent DirectorProfile
Mollie Carter - Lead Independent DirectorProfile
Lei Schlitz - Independent DirectorProfile

Invested in Archer-Daniels-Midland?

The danger of trading Archer-Daniels-Midland 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 Archer Daniels 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 Archer Daniels. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Archer-Daniels-Midland 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.
Please continue to Trending Equities. Note that the Archer-Daniels-Midland information on this page should be used as a complementary analysis to other Archer Daniels' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for Archer Stock analysis

When running Archer-Daniels-Midland price analysis, check to measure Archer Daniels' 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 Archer Daniels is operating at the current time. Most of Archer Daniels' value examination focuses on studying past and present price action to predict the probability of Archer Daniels' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Archer Daniels' price. Additionally, you may evaluate how the addition of Archer Daniels to your portfolios can decrease your overall portfolio volatility.
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Is Archer Daniels' 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 Archer Daniels. If investors know Archer 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 Archer Daniels 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 YOY
0.968
Market Capitalization
50.8 B
Quarterly Revenue Growth YOY
0.214
Return On Assets
0.048
Return On Equity
0.1779
The market value of Archer-Daniels-Midland is measured differently than its book value, which is the value of Archer that is recorded on the company's balance sheet. Investors also form their own opinion of Archer Daniels' value that differs from its market value or its book value, called intrinsic value, which is Archer Daniels' 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 Archer Daniels' market value can be influenced by many factors that don't directly affect Archer Daniels' 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 Archer Daniels' value and its price as these two are different measures arrived at by different means. Investors typically determine Archer Daniels value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Archer Daniels' 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.