Andersons Correlations
| ANDE Stock | USD 56.51 0.01 0.02% |
The correlation of Andersons 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Andersons moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Andersons 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.
Significant diversification
The correlation between The Andersons and NYA is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Andersons and NYA in the same portfolio, assuming nothing else is changed.
Andersons |
The ability to find closely correlated positions to Andersons could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Andersons 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 Andersons - 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 The Andersons to buy it.
Moving together with Andersons Stock
| 0.67 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.73 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
| 0.65 | SFM | Sprouts Farmers Market | PairCorr |
| 0.64 | TGT | Target Financial Report 15th of May 2024 | PairCorr |
| 0.74 | VLGEA | Village Super Market | PairCorr |
| 0.62 | K | Kellanova | PairCorr |
| 0.88 | BG | Bunge Limited | PairCorr |
Moving against Andersons Stock
| 0.72 | IH | IhumanInc | PairCorr |
| 0.67 | IMKTA | Ingles Markets | PairCorr |
| 0.67 | LW | Lamb Weston Holdings Financial Report 23rd of July 2024 | PairCorr |
| 0.59 | DLTR | Dollar Tree Sell-off Trend | PairCorr |
| 0.5 | ACI | Albertsons Companies Financial Report 23rd of July 2024 | PairCorr |
| 0.44 | UG | United Guardian | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Andersons 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.Did you try this?
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Andersons Corporate Management
Elected by the shareholders, the Andersons' board of directors comprises two types of representatives: Andersons inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Andersons. The board's role is to monitor Andersons' management team and ensure that shareholders' interests are well served. Andersons' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Andersons' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christine Castellano | General VP | Profile | |
| Brian Walz | VP Treasurer | Profile | |
| Michael Hoelter | Corporate Controller | Profile | |
| Sarah Zibbel | Executive Officer | Profile | |
| William Krueger | Pres Processing | Profile |
Already Invested in The Andersons?
The danger of trading The Andersons 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 Andersons 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 Andersons. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Andersons 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.
When determining whether Andersons is a strong investment it is important to analyze Andersons' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Andersons' future performance. For an informed investment choice regarding Andersons Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Andersons. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Andersons information on this page should be used as a complementary analysis to other Andersons' 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 the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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When running Andersons' price analysis, check to measure Andersons' 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 Andersons is operating at the current time. Most of Andersons' value examination focuses on studying past and present price action to predict the probability of Andersons' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andersons' price. Additionally, you may evaluate how the addition of Andersons to your portfolios can decrease your overall portfolio volatility.
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Is Andersons' 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 Andersons. If investors know Andersons 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 Andersons 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 4.776 | Dividend Share 0.74 | Earnings Share 2.94 | Revenue Per Share 437.455 | Quarterly Revenue Growth (0.31) |
The market value of Andersons is measured differently than its book value, which is the value of Andersons that is recorded on the company's balance sheet. Investors also form their own opinion of Andersons' value that differs from its market value or its book value, called intrinsic value, which is Andersons' 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 Andersons' market value can be influenced by many factors that don't directly affect Andersons' 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 Andersons' value and its price as these two are different measures arrived at by different means. Investors typically determine if Andersons is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Andersons' 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.