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

0.67	ABVE	Above Food Ingredients Symbol Change	Pair Corr
0.66	BRFS	BRF SA ADR	Pair Corr
0.75	GO	Grocery Outlet Holding	Pair Corr
0.77	DLTR	Dollar Tree	Pair Corr
0.9	DNUT	Krispy Kreme	Pair Corr
0.68	DTCK	Davis Commodities	Pair Corr
0.72	VITL	Vital Farms	Pair Corr
0.84	EDBL	Edible Garden AG	Pair Corr
0.87	EEIQ	Elite Education Group	Pair Corr

Moving against Steakholder Stock

0.89	FMX	Fomento Economico	Pair Corr
0.89	MO	Altria Group	Pair Corr
0.88	BUD	Anheuser Busch Inbev	Pair Corr
0.77	BJ	BJs Wholesale Club	Pair Corr
0.77	GV	Visionary Education	Pair Corr
0.76	KO	Coca Cola	Pair Corr
0.74	K	Kellanova	Pair Corr
0.73	PM	Philip Morris Intern	Pair Corr
0.66	YQ	17 Education Technology	Pair Corr
0.64	KR	Kroger Company	Pair Corr
0.64	UL	Unilever PLC ADR	Pair Corr
0.61	YI	111 Inc	Pair Corr
0.6	DG	Dollar General	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.5	TR	Tootsie Roll Industries	Pair Corr
0.45	CL	Colgate Palmolive	Pair Corr
0.38	JZ	Jianzhi Education	Pair Corr
0.82	VSTA	Vasta Platform	Pair Corr
0.72	WYHG	Wing Yip Food	Pair Corr
0.68	ACI	Albertsons Companies	Pair Corr
0.67	DOLE	Dole PLC	Pair Corr
0.64	BTI	British American Tobacco	Pair Corr
0.59	WVVI	Willamette Valley Earnings Call This Week	Pair Corr
0.56	FARM	Farmer Bros	Pair Corr
0.43	BRLSW	Borealis Foods	Pair Corr
0.37	ACU	Acme United	Pair Corr
0.37	BGS	BG Foods	Pair Corr

Related Correlations Analysis

	FAMI	HLF	BYND	TTCF	BTOG	SMFL	BTTR	LSF	MYLKF	BRCNF
FAMI		-0.4	0.41	0.0	0.75	0.0	0.76	0.66	-0.68	0.0	FAMI
HLF	-0.4		-0.71	0.0	-0.3	0.0	-0.58	-0.66	0.09	0.0	HLF
BYND	0.41	-0.71		0.0	0.32	0.0	0.64	0.68	-0.08	0.0	BYND
TTCF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	TTCF
BTOG	0.75	-0.3	0.32	0.0		0.0	0.78	0.7	-0.89	0.0	BTOG
SMFL	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SMFL
BTTR	0.76	-0.58	0.64	0.0	0.78	0.0		0.8	-0.62	0.0	BTTR
LSF	0.66	-0.66	0.68	0.0	0.7	0.0	0.8		-0.56	0.0	LSF
MYLKF	-0.68	0.09	-0.08	0.0	-0.89	0.0	-0.62	-0.56		0.0	MYLKF
BRCNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BRCNF
	FAMI	HLF	BYND	TTCF	BTOG	SMFL	BTTR	LSF	MYLKF	BRCNF

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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

LSF	+ 0.8	BTTR
BTTR	+ 0.78	BTOG
BTTR	+ 0.76	FAMI
BTOG	+ 0.75	FAMI
LSF	+ 0.7	BTOG
LSF	+ 0.68	BYND

High negative correlations

MYLKF	- 0.89	BTOG
BYND	- 0.71	HLF
MYLKF	- 0.68	FAMI
LSF	- 0.66	HLF
MYLKF	- 0.62	BTTR
BTTR	- 0.58	HLF

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FAMI	4.01	(0.84)	0.00	7.55	0.00	0.00	7.36	(8.39)	30.87
HLF	2.88	0.05	0.08	(0.10)	3.20	(3.46)	4.97	(4.71)	48.43
BYND	3.03	(0.05)	0.00	(0.14)	0.00	0.00	7.07	(5.39)	22.07
TTCF	0.00	0.00	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	0.00	15.38	(22.58)	148.46
SMFL	0.00	0.00	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	0.00	5.33	(6.71)	30.68
LSF	3.91	(0.26)	0.00	(0.22)	0.00	0.00	7.59	(9.10)	28.35
MYLKF	75.78	32.44	0.00	(0.51)	0.00	0.00	52.00	0.00	2,400
BRCNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Steakholder Foods Corporate Management

Lena Birger	Chief Designer	Profile
Lior Yedidya	Chief Chemist	Profile
Omri Schanin	Deputy COO	Profile
Itamar Atzmony	Chief Officer	Profile
Mor GlotterNov	Vice Marketing	Profile

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