Target Hospitality Correlations

TH Stock

USD 6.11 0.13 2.17%

The current 90-days correlation between Target Hospitality Corp and OneSpaWorld Holdings is -0.08 (i.e., Good diversification). The correlation of Target Hospitality 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.

Target Hospitality Correlation With Market

Significant diversification

The correlation between Target Hospitality Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target Hospitality Corp 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 Target Hospitality Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Target Stock

0.74	GPN	Global Payments	Pair Corr
0.63	SST	System1	Pair Corr
0.76	ARMK	Aramark Holdings	Pair Corr
0.76	SGRP	SPAR Group Earnings Call This Week	Pair Corr
0.84	H	Hyatt Hotels	Pair Corr
0.61	M	Macys Inc	Pair Corr
0.85	W	Wayfair Buyout Trend	Pair Corr
0.84	BC	Brunswick	Pair Corr
0.83	FL	Foot Locker	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.71	LE	Lands End Earnings Call Today	Pair Corr
0.69	QS	Quantumscape Corp Aggressive Push	Pair Corr
0.89	RH	RH Earnings Call Tomorrow	Pair Corr
0.78	SG	Sweetgreen	Pair Corr
0.64	SN	SharkNinja,	Pair Corr

Moving against Target Stock

0.69	PC	Premium Catering	Pair Corr
0.42	NISN	Nisun International	Pair Corr
0.35	PHLT	Performant Healthcare, Symbol Change	Pair Corr
0.82	LI	Li Auto	Pair Corr
0.74	IH	Ihuman Inc	Pair Corr
0.64	JD	JD Inc Adr	Pair Corr
0.64	JZ	Jianzhi Education	Pair Corr
0.57	GV	Visionary Education	Pair Corr
0.39	EM	Smart Share Global	Pair Corr

Related Correlations Analysis

	OSW	KLXE	IMXI	BBCP	ULH
OSW		0.41	0.5	0.74	0.33	OSW
KLXE	0.41		0.63	0.64	0.64	KLXE
IMXI	0.5	0.63		0.37	0.86	IMXI
BBCP	0.74	0.64	0.37		0.32	BBCP
ULH	0.33	0.64	0.86	0.32		ULH
	OSW	KLXE	IMXI	BBCP	ULH

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Risk-Adjusted Indicators

There is a big difference between Target Stock performing well and Target Hospitality 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 Target Hospitality's 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
OSW	1.75	0.00	0.00	3.84	(4.33)	13.78
KLXE	4.46	(0.18)	(0.29)	9.27	(8.49)	36.60
IMXI	1.72	(0.65)	(1.11)	2.91	(3.83)	20.39
BBCP	2.81	(0.08)	(0.31)	6.95	(5.67)	31.57
ULH	2.34	(0.72)	(0.47)	3.82	(5.35)	23.09

Target Hospitality Corporate Management

Heidi JD	General VP	Profile
Heidi Lewis	General VP	Profile
Eric Kalamaras	Ex CFO	Profile
Margarita Salazar	Vice Resources	Profile
Travis Kelley	Ex Operations	Profile
Jason Vlacich	Chief Officer	Profile

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