Safety Shot Correlations

SHOTW Stock

0.04 0 8.33%

The current 90-days correlation between Safety Shot and Infosys Ltd ADR is 0.12 (i.e., Average diversification). The correlation of Safety Shot 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Safety Shot Correlation With Market

Average diversification

The correlation between Safety Shot and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safety Shot and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Safety Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Shot. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Safety Stock please use our How to Invest in Safety Shot guide.

Moving together with Safety Stock

0.82	PRMB	Primo Brands	Pair Corr
0.69	SHOT	Safety Shot	Pair Corr
0.71	COKE	Coca Cola Consolidated	Pair Corr
0.7	K	Kellanova Earnings Call This Week	Pair Corr
0.63	BJ	BJs Wholesale Club	Pair Corr
0.75	GO	Grocery Outlet Holding	Pair Corr
0.82	JZ	Jianzhi Education	Pair Corr
0.7	DNUT	Krispy Kreme	Pair Corr

Moving against Safety Stock

0.91	DG	Dollar General	Pair Corr
0.82	CELH	Celsius Holdings Sell-off Trend	Pair Corr
0.79	CCEP	Coca Cola European	Pair Corr
0.77	OTLY	Oatly Group AB	Pair Corr
0.75	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.61	ZVIA	Zevia Pbc	Pair Corr
0.55	COCO	Vita Coco	Pair Corr
0.51	BRFH	Barfresh Food Group	Pair Corr
0.46	MNST	Monster Beverage Corp	Pair Corr
0.46	IH	Ihuman Inc Trending	Pair Corr
0.43	FIZZ	National Beverage Corp	Pair Corr
0.85	EWCZ	European Wax Center	Pair Corr
0.8	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.8	DLTR	Dollar Tree	Pair Corr
0.8	EPSM	Epsium Enterprise	Pair Corr
0.64	DTCK	Davis Commodities	Pair Corr
0.64	WILC	G Willi Food	Pair Corr
0.62	TR	Tootsie Roll Industries Earnings Call This Week	Pair Corr
0.61	FAMI	Farmmi Inc	Pair Corr
0.59	YQ	17 Education Technology	Pair Corr
0.46	MO	Altria Group	Pair Corr
0.42	EDBL	Edible Garden AG	Pair Corr
0.35	LW	Lamb Weston Holdings Earnings Call This Week	Pair Corr
0.33	CENTA	Central Garden Pet	Pair Corr

Related Correlations Analysis

	INFY	CF	ASUR	GEVO	ZH	SCL	HDSN	SPNS
INFY		0.85	0.54	0.55	0.42	0.87	0.87	0.81	INFY
CF	0.85		0.38	0.63	0.39	0.81	0.82	0.75	CF
ASUR	0.54	0.38		0.58	0.75	0.67	0.6	0.63	ASUR
GEVO	0.55	0.63	0.58		0.68	0.61	0.64	0.61	GEVO
ZH	0.42	0.39	0.75	0.68		0.63	0.55	0.64	ZH
SCL	0.87	0.81	0.67	0.61	0.63		0.91	0.88	SCL
HDSN	0.87	0.82	0.6	0.64	0.55	0.91		0.83	HDSN
SPNS	0.81	0.75	0.63	0.61	0.64	0.88	0.83		SPNS
	INFY	CF	ASUR	GEVO	ZH	SCL	HDSN	SPNS

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Risk-Adjusted Indicators

There is a big difference between Safety Stock performing well and Safety Shot 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 Safety Shot'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
INFY	1.07	0.03	0.00	0.17	1.30	(1.20)	2.23	(2.62)	10.68
CF	1.32	0.43	0.14	(1.28)	1.53	(1.42)	2.98	(3.03)	10.32
ASUR	2.00	0.24	0.02	(0.41)	2.17	(2.32)	4.86	(3.94)	11.91
GEVO	3.74	0.36	0.09	0.40	4.03	(4.17)	7.64	(7.03)	19.68
ZH	2.12	0.45	0.12	(22.04)	2.04	(2.36)	6.13	(3.97)	11.38
SCL	1.61	0.10	0.08	0.21	1.43	(1.93)	3.97	(2.58)	10.46
HDSN	2.25	0.38	0.23	0.37	1.65	(3.06)	8.29	(3.51)	20.60
SPNS	1.09	0.11	0.06	0.28	1.03	(1.24)	2.70	(2.12)	6.25

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