Steakholder Foods Correlations

STKH Stock  USD 1.27  0.05  3.79%   
The correlation of Steakholder 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.

Steakholder Foods Correlation With Market

Modest diversification

The correlation between Steakholder Foods and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steakholder Foods and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steakholder Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more detail on how to invest in Steakholder Stock please use our How to Invest in Steakholder Foods guide.

Moving together with Steakholder Stock

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  0.66BRFS BRF SA ADRPairCorr
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  0.77DLTR Dollar TreePairCorr
  0.9DNUT Krispy KremePairCorr
  0.68DTCK Davis CommoditiesPairCorr
  0.72VITL Vital FarmsPairCorr
  0.84EDBL Edible Garden AGPairCorr
  0.87EEIQ Elite Education GroupPairCorr

Moving against Steakholder Stock

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  0.89MO Altria GroupPairCorr
  0.88BUD Anheuser Busch InbevPairCorr
  0.77BJ BJs Wholesale ClubPairCorr
  0.77GV Visionary EducationPairCorr
  0.76KO Coca ColaPairCorr
  0.74K KellanovaPairCorr
  0.73PM Philip Morris InternPairCorr
  0.66YQ 17 Education TechnologyPairCorr
  0.64KR Kroger CompanyPairCorr
  0.64UL Unilever PLC ADRPairCorr
  0.61YI 111 IncPairCorr
  0.6DG Dollar GeneralPairCorr
  0.56PG Procter GamblePairCorr
  0.5TR Tootsie Roll IndustriesPairCorr
  0.45CL Colgate PalmolivePairCorr
  0.38JZ Jianzhi EducationPairCorr
  0.82VSTA Vasta PlatformPairCorr
  0.72WYHG Wing Yip FoodPairCorr
  0.68ACI Albertsons CompaniesPairCorr
  0.67DOLE Dole PLCPairCorr
  0.64BTI British American TobaccoPairCorr
  0.59WVVI Willamette Valley Earnings Call This WeekPairCorr
  0.56FARM Farmer BrosPairCorr
  0.43BRLSW Borealis FoodsPairCorr
  0.37ACU Acme UnitedPairCorr
  0.37BGS BG FoodsPairCorr

Related Correlations Analysis

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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   
LSFBTTR
BTTRBTOG
BTTRFAMI
BTOGFAMI
LSFBTOG
LSFBYND
  
High negative correlations   
MYLKFBTOG
BYNDHLF
MYLKFFAMI
LSFHLF
MYLKFBTTR
BTTRHLF

Risk-Adjusted Indicators

There is a big difference between Steakholder Stock performing well and Steakholder 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 Steakholder 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FAMI  4.01 (0.84) 0.00  7.55  0.00 
 7.36 
 30.87 
HLF  2.88  0.05  0.08 (0.10) 3.20 
 4.97 
 48.43 
BYND  3.03 (0.05) 0.00 (0.14) 0.00 
 7.07 
 22.07 
TTCF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BTOG  10.16 (0.23) 0.00 (0.30) 0.00 
 15.38 
 148.46 
SMFL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BTTR  3.51 (0.25) 0.00 (0.24) 0.00 
 5.33 
 30.68 
LSF  3.91 (0.26) 0.00 (0.22) 0.00 
 7.59 
 28.35 
MYLKF  75.78  32.44  0.00 (0.51) 0.00 
 52.00 
 2,400 
BRCNF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Steakholder Foods Corporate Management