Tantech Holdings Correlations

TANH Stock

USD 2.28 0.28 10.94%

The correlation of Tantech Holdings 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.

Tantech Holdings Correlation With Market

Good diversification

The correlation between Tantech Holdings and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tantech Holdings 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 Tantech Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in Tantech Stock please use our How to Invest in Tantech Holdings guide.

Moving together with Tantech Stock

0.72	XAGE	Longevity Health Hol Symbol Change	Pair Corr
0.73	CLX	Clorox	Pair Corr
0.8	DSY	Big Tree Cloud	Pair Corr
0.9	ELF	ELF Beauty	Pair Corr
0.89	ENR	Energizer Holdings	Pair Corr
0.71	NWL	Newell Brands	Pair Corr
0.8	HNST	Honest Company	Pair Corr
0.63	MTEX	Mannatech Incorporated Earnings Call This Week	Pair Corr
0.69	NAII	Natural Alternatives	Pair Corr
0.74	OLPX	Olaplex Holdings	Pair Corr

Moving against Tantech Stock

0.79	KMB	Kimberly Clark	Pair Corr
0.63	NUS	Nu Skin Enterprises Downward Rally	Pair Corr
0.6	PG	Procter Gamble	Pair Corr
0.56	ODC	Oil Dri	Pair Corr
0.54	CHD	Church Dwight	Pair Corr
0.49	HLF	Herbalife Nutrition Buyout Trend	Pair Corr
0.48	UL	Unilever PLC ADR	Pair Corr
0.34	CL	Colgate Palmolive	Pair Corr
0.73	KVUE	Kenvue Inc Aggressive Push	Pair Corr
0.73	BJ	BJs Wholesale Club	Pair Corr
0.69	NHTC	Natural Health Trend	Pair Corr
0.6	GROV	Virgin Group Acquisition	Pair Corr
0.56	K	Kellanova	Pair Corr
0.5	DG	Dollar General	Pair Corr
0.39	YSG	Yatsen Holding	Pair Corr

Related Correlations Analysis

	BDRFY	GROV	YSG	COTY	MTEX	EPC	IPAR	NUS	HELE
BDRFY		0.38	0.54	-0.67	-0.49	-0.17	-0.36	0.67	-0.42	BDRFY
GROV	0.38		0.12	-0.61	-0.31	-0.76	-0.11	0.43	-0.75	GROV
YSG	0.54	0.12		-0.53	-0.51	-0.04	-0.65	0.55	-0.37	YSG
COTY	-0.67	-0.61	-0.53		0.44	0.49	0.45	-0.64	0.59	COTY
MTEX	-0.49	-0.31	-0.51	0.44		0.28	0.01	-0.43	0.33	MTEX
EPC	-0.17	-0.76	-0.04	0.49	0.28		0.26	-0.3	0.81	EPC
IPAR	-0.36	-0.11	-0.65	0.45	0.01	0.26		-0.31	0.52	IPAR
NUS	0.67	0.43	0.55	-0.64	-0.43	-0.3	-0.31		-0.51	NUS
HELE	-0.42	-0.75	-0.37	0.59	0.33	0.81	0.52	-0.51		HELE
	BDRFY	GROV	YSG	COTY	MTEX	EPC	IPAR	NUS	HELE

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

HELE	+ 0.81	EPC
NUS	+ 0.67	BDRFY
HELE	+ 0.59	COTY
NUS	+ 0.55	YSG
YSG	+ 0.54	BDRFY
HELE	+ 0.52	IPAR

High negative correlations

EPC	- 0.76	GROV
HELE	- 0.75	GROV
COTY	- 0.67	BDRFY
IPAR	- 0.65	YSG
NUS	- 0.64	COTY
COTY	- 0.61	GROV

Risk-Adjusted Indicators

There is a big difference between Tantech Stock performing well and Tantech Holdings 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 Tantech Holdings' 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
BDRFY	0.97	0.18	0.21	5.65	0.96	(1.05)	2.51	(1.62)	6.31
GROV	2.69	0.18	0.05	0.14	3.68	(3.42)	6.77	(5.71)	31.33
YSG	3.97	0.24	0.05	0.14	4.89	(4.15)	8.71	(7.45)	25.48
COTY	1.95	(0.34)	0.00	(0.64)	0.00	0.00	3.03	(3.87)	13.50
MTEX	3.57	(0.05)	0.02	(0.03)	4.35	(4.76)	10.26	(6.16)	43.88
EPC	1.35	(0.24)	0.00	(0.62)	0.00	0.00	1.84	(2.90)	11.61
IPAR	1.61	(0.11)	0.00	(0.17)	0.00	0.00	2.91	(3.28)	9.65
NUS	2.89	0.23	0.06	0.09	3.10	(3.43)	7.77	(5.05)	22.72
HELE	1.68	(0.36)	0.00	(1.16)	0.00	0.00	3.35	(3.90)	9.62

Tantech Holdings Corporate Management

Limin Wang	Chief Scientist	Profile
Weilin Zhang	Chief Officer	Profile
Yaoming Wu	Consultant	Profile
Wangfeng Yan	Founder CEO	Profile
Yuxun Yang	Chief Engineer	Profile
Mingqin Dong	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC