Correlation Between YETI Holdings and F45 Training

Can any of the company-specific risk be diversified away by investing in both YETI Holdings and F45 Training at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining YETI Holdings and F45 Training into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between YETI Holdings and F45 Training Holdings, you can compare the effects of market volatilities on YETI Holdings and F45 Training and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in YETI Holdings with a short position of F45 Training. Check out your portfolio center. Please also check ongoing floating volatility patterns of YETI Holdings and F45 Training.

Diversification Opportunities for YETI Holdings and F45 Training

0.0

Correlation Coefficient

YETI Holdings  F45 Training

Pay attention - limited upside

The 3 months correlation between YETI and F45 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding YETI Holdings and F45 Training Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on F45 Training Holdings and YETI Holdings is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on YETI Holdings are associated (or correlated) with F45 Training. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of F45 Training Holdings has no effect on the direction of YETI Holdings i.e., YETI Holdings and F45 Training go up and down completely randomly.

Pair Corralation between YETI Holdings and F45 Training

If you would invest (100.00) in F45 Training Holdings on December 27, 2024 and sell it today you would earn a total of  100.00  from holding F45 Training Holdings or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

YETI Holdings  vs.  F45 Training Holdings

YETI Holdings

Risk-Adjusted Performance

Very Weak

Over the last 90 days YETI Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in April 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

F45 Training Holdings

Risk-Adjusted Performance

Very Weak

Over the last 90 days F45 Training Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable essential indicators, F45 Training is not utilizing all of its potentials. The recent stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Pair Trading with YETI Holdings and F45 Training

The main advantage of trading using opposite YETI Holdings and F45 Training positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if YETI Holdings position performs unexpectedly, F45 Training can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in F45 Training will offset losses from the drop in F45 Training's long position.

The idea behind YETI Holdings and F45 Training Holdings pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.