Seneca Foods Correlations

SENEA
 Stock
  

USD 64.74  0.16  0.25%   

The correlation of Seneca Foods 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 Seneca Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seneca Foods Corp 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.
Additionally, take a look at World Market Map.
  
The ability to find closely correlated positions to Seneca Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seneca Foods 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 Seneca Foods - 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 Seneca Foods Corp to buy it.

Moving together with Seneca Foods

+0.72BUDAnheuser Busch InbevPairCorr
+0.8CAGConAgra FoodsPairCorr
+0.68CCUCompania CerveceriasPairCorr
+0.85CPBCampbell SoupPairCorr
+0.86FLOFlowers FoodsPairCorr
+0.74GISGeneral MillsPairCorr
+0.86INGRIngredion IncorporatedPairCorr
+0.84KHCKraft HeinzPairCorr
+0.88LWLamb Weston HoldingsPairCorr
+0.76MDLZMondelez InternationalPairCorr

Moving against Seneca Foods

-0.78BRFSBRF SA ADRPairCorr
-0.77FTFTFuture Fintech GroupPairCorr
-0.59BYNDBeyond MeatPairCorr
-0.81PMEPingtan Marine EnterprisePairCorr

Related Correlations

MALRY
RTPPF
RTNTF
AAUKF
BHP
BHPLF
IPGDF
MALRY
0.770.790.780.810.820.75
MALRY
RTPPF
0.770.920.910.930.930.63
RTPPF
RTNTF
0.790.920.920.950.920.58
RTNTF
AAUKF
0.780.910.920.970.930.63
AAUKF
BHP
0.810.930.950.970.930.59
BHP
BHPLF
0.820.930.920.930.930.66
BHPLF
IPGDF
0.750.630.580.630.590.66
IPGDF
MALRY
RTPPF
RTNTF
AAUKF
BHP
BHPLF
IPGDF
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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   
BHPAAUKF
BHPRTNTF
BHPRTPPF
BHPLFRTPPF
BHPLFAAUKF
BHPLFBHP
  

Risk-Adjusted Indicators

Nowadays, there is a big difference between Seneca Stock performing well and Seneca Foods 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 Seneca Foods' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Seneca Foods 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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Seneca Foods Corporate Directors

Seneca Foods corporate directors refer to members of a Seneca Foods board of directors. The board of directors generally takes responsibility for the Seneca Foods' 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 Seneca Foods' board members must vote for the resolution. The Seneca Foods board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Susan Henry - Independent DirectorProfile
Kathryn Boor - DirectorProfile
Samuel Hubbard - Independent DirectorProfile
Arthur Baer - Independent DirectorProfile

Invested in Seneca Foods Corp?

The danger of trading Seneca Foods Corp 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 Seneca Foods 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 Seneca Foods. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Seneca Foods Corp 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.
Additionally, take a look at World Market Map. Note that the Seneca Foods Corp information on this page should be used as a complementary analysis to other Seneca Foods' 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Seneca Foods Corp price analysis, check to measure Seneca Foods' 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 Seneca Foods is operating at the current time. Most of Seneca Foods' value examination focuses on studying past and present price action to predict the probability of Seneca Foods' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Seneca Foods' price. Additionally, you may evaluate how the addition of Seneca Foods to your portfolios can decrease your overall portfolio volatility.
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Is Seneca Foods' 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 Seneca Foods. If investors know Seneca 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 Seneca Foods 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
0.554
Market Capitalization
485.3 M
Quarterly Revenue Growth YOY
0.182
Return On Assets
0.0323
Return On Equity
0.0805
The market value of Seneca Foods Corp is measured differently than its book value, which is the value of Seneca that is recorded on the company's balance sheet. Investors also form their own opinion of Seneca Foods' value that differs from its market value or its book value, called intrinsic value, which is Seneca Foods' 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 Seneca Foods' market value can be influenced by many factors that don't directly affect Seneca Foods' 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 Seneca Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine Seneca Foods value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seneca Foods' 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.