Stryve Foods Correlations
| SNAXWDelisted Stock | USD 0 0.00 0.00% |
The current 90-days correlation between Stryve Foods and Stryve Foods is 0.42 (i.e., Very weak diversification). The correlation of Stryve Foods 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Stryve Foods Correlation With Market
Average diversification
The correlation between Stryve Foods and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stryve Foods and DJI in the same portfolio, assuming nothing else is changed.
Stryve |
Moving against Stryve Stock
| 0.43 | BON | Bon Natural Life | PairCorr |
| 0.38 | NATR | Natures Sunshine Products | PairCorr |
| 0.38 | FAMI | Farmmi Inc | PairCorr |
| 0.37 | LW | Lamb Weston Holdings | PairCorr |
| 0.37 | NAII | Natural Alternatives | PairCorr |
| 0.37 | FTLF | FitLife Brands, Common | PairCorr |
| 0.37 | IMG | CIMG Inc Symbol Change | PairCorr |
| 0.37 | ORIS | Oriental Rise Holdings | PairCorr |
| 0.35 | FLO | Flowers Foods | PairCorr |
| 0.35 | HRL | Hormel Foods | PairCorr |
| 0.34 | FRPT | Freshpet | PairCorr |
| 0.43 | RKDA | Arcadia Biosciences Earnings Call This Week | PairCorr |
| 0.43 | BRFS | BRF SA ADR | PairCorr |
| 0.4 | HAIN | Hain Celestial | PairCorr |
| 0.38 | LSF | Laird Superfood | PairCorr |
| 0.38 | PLAG | Planet Green Holdings | PairCorr |
| 0.38 | STKL | SunOpta | PairCorr |
| 0.37 | THS | Treehouse Foods | PairCorr |
| 0.36 | BRCC | BRC Inc | PairCorr |
| 0.35 | JBSS | John B Sanfilippo | PairCorr |
| 0.35 | STKH | Steakholder Foods | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Stryve Stock performing well and Stryve Foods 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 Stryve Foods' 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNAX | 4.43 | (0.18) | 0.00 | 0.24 | 0.00 | 12.05 | 50.79 | |||
| OTMOW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TALKW | 7.36 | 0.17 | 0.02 | (14.63) | 9.71 | 16.67 | 69.70 | |||
| LIDRW | 15.09 | 4.05 | 0.34 | (1.20) | 11.20 | 45.16 | 142.82 | |||
| MVSTW | 9.54 | 1.22 | 0.09 | 0.84 | 11.63 | 29.41 | 75.25 |
Stryve Foods Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Stryve Foods stock to make a market-neutral strategy. Peer analysis of Stryve Foods could also be used in its relative valuation, which is a method of valuing Stryve Foods by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Stryve Foods Corporate Management
| Norma Garcia | Corporate Counsel | Profile | |
| Katie Grady | Chief Officer | Profile | |
| Jaxie Alt | Chief CoCEO | Profile | |
| Sandy Martin | Investor Contact | Profile | |
| Joe Oblas | CoCEO CoFounder | Profile | |
| Warren Pala | Chief Officer | Profile |
Still Interested in Stryve Foods?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.