JM Smucker Correlations

SJM
 Stock
  

USD 153.55  0.47  0.31%   

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

Moving together with JM Smucker

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+0.97CAGConAgra FoodsPairCorr
+0.74CCEPCoca-Cola EuropeanPairCorr
+0.87COKECoca-Cola BottlingPairCorr
+0.94CPBCampbell Soup Earnings Call TodayPairCorr
+0.63FIZZNational Beverage Corp Earnings Call TodayPairCorr
+0.92FLOFlowers FoodsPairCorr
+0.82FMXFomento EconomicoPairCorr
+0.68FRPTFreshpetPairCorr
+0.9GISGeneral MillsPairCorr
+0.83HSYHersheyPairCorr
+0.87INGRIngredion IncorporatedPairCorr
+0.63KOCoca-Cola Aggressive PushPairCorr
+0.74KOFCoca-Cola Femsa SABPairCorr

Moving against JM Smucker

-0.76FTFTFuture Fintech GroupPairCorr
-0.62NBEVNewage IncPairCorr
-0.6REEDReeds IncPairCorr

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   
TGS
CSCOWMT
TRVT
WMTGS
CSCOGS
TWMT
  
High negative correlations   
TRVCOMS

Risk-Adjusted Indicators

Nowadays, there is a big difference between JM Smucker Stock performing well and JM Smucker 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 JM Smucker's 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
ARMK 1.73  0.16  0.10  0.20  1.74  0.08 (2.04)  3.66 (3.26)  10.29 
SBUX 1.70  0.27  0.14  0.33  1.68  0.12 (1.86)  4.49 (2.90)  11.00 
GS 1.45  0.08  0.05  0.14  1.60  0.0475 (1.57)  3.98 (2.43)  7.63 
COMS 11.45  1.81  0.16  4.05  8.97  0.07 (19.82)  26.23 (17.27)  199.39 
WMT 1.04  0.14  0.09  0.31  1.11  0.08 (1.17)  2.18 (2.33)  7.56 
T 1.30  0.15  0.10  0.27  1.17  0.07 (1.49)  2.54 (2.11)  9.29 
CSCO 1.33  0.09  0.05  0.16  1.32  0.0478 (1.51)  3.23 (1.96)  6.31 
TRV 1.11  0.20  0.12  0.42  1.24  0.11 (1.18)  2.80 (2.03)  6.50 

Be your own money manager

Our tools can tell you how much better you can do entering a position in JM Smucker 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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JM Smucker Corporate Directors

JM Smucker corporate directors refer to members of a JM Smucker board of directors. The board of directors generally takes responsibility for the JM Smucker'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 JM Smucker's board members must vote for the resolution. The JM Smucker board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Nancy Knight - Independent DirectorProfile
Nancy Russell - Independent DirectorProfile
Alex Shumate - Lead Independent DirectorProfile
Gary Oatey - Independent DirectorProfile

Invested in JM Smucker?

The danger of trading JM Smucker 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 JM Smucker 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 JM Smucker. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile JM Smucker 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. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running JM Smucker price analysis, check to measure JM Smucker'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 JM Smucker is operating at the current time. Most of JM Smucker's value examination focuses on studying past and present price action to predict the probability of JM Smucker's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move JM Smucker's price. Additionally, you may evaluate how the addition of JM Smucker to your portfolios can decrease your overall portfolio volatility.
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Is JM Smucker'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 JM Smucker. If investors know JM Smucker 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 JM Smucker 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
(0.06) 
Market Capitalization
16.4 B
Quarterly Revenue Growth YOY
0.076
Return On Assets
0.0413
Return On Equity
0.0694
The market value of JM Smucker is measured differently than its book value, which is the value of JM Smucker that is recorded on the company's balance sheet. Investors also form their own opinion of JM Smucker's value that differs from its market value or its book value, called intrinsic value, which is JM Smucker'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 JM Smucker's market value can be influenced by many factors that don't directly affect JM Smucker'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 JM Smucker's value and its price as these two are different measures arrived at by different means. Investors typically determine JM Smucker value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JM Smucker'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.