Steakholder Foods Correlations

STKH Stock  USD 1.36  0.12  8.11%   
The current 90-days correlation between Steakholder Foods and Farmmi Inc is -0.09 (i.e., Good diversification). 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

Average diversification

The correlation between Steakholder Foods and DJI is 0.19 (i.e., Average 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

  0.72BYND Beyond MeatPairCorr
  0.68CVGW Calavo GrowersPairCorr
  0.71BG Bunge LimitedPairCorr
  0.65TR Tootsie Roll IndustriesPairCorr

Moving against Steakholder Stock

  0.33K KellanovaPairCorr
  0.77WILC G Willi FoodPairCorr
  0.39VSTA Vasta PlatformPairCorr

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   
BTOGFAMI
BTTRBTOG
BTTRFAMI
BTOGBYND
LSFBTOG
LSFHLF
  
High negative correlations   
MYLKFBTOG
MYLKFFAMI
MYLKFLSF
MYLKFHLF
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  3.73 (0.22) 0.00  0.06  0.00 
 7.41 
 28.34 
HLF  2.80  0.20  0.08 (0.16) 2.92 
 3.98 
 47.42 
BYND  3.04 (0.66) 0.00 (0.90) 0.00 
 6.53 
 22.07 
TTCF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BTOG  5.90 (3.00) 0.00 (6.01) 0.00 
 6.67 
 39.25 
SMFL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BTTR  3.75 (0.18) 0.00 (0.18) 0.00 
 5.56 
 30.68 
LSF  3.31 (0.32) 0.00 (0.22) 0.00 
 6.60 
 28.35 
MYLKF  42.91  20.22  0.00  2.86  0.00 
 100.00 
 1,000.00 
BRCNF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Steakholder Foods Corporate Management