Stryve Foods Correlations
| SNAXDelisted Stock | USD 0.66 0.06 10.00% |
The correlation of Stryve 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Stryve Foods Correlation With Market
Significant diversification
The correlation between Stryve Foods and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stryve Foods and DJI in the same portfolio, assuming nothing else is changed.
Stryve |
The ability to find closely correlated positions to Stryve Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stryve Foods when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Stryve Foods - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Stryve Foods to buy it.
Moving together with Stryve Pink Sheet
| 0.68 | FARM | Farmer Bros | PairCorr |
| 0.76 | WYHG | Wing Yip Food | PairCorr |
| 0.65 | BGS | BG Foods | PairCorr |
| 0.65 | IMG | CIMG Inc Symbol Change | PairCorr |
Moving against Stryve Pink Sheet
| 0.72 | DDC | DDC Enterprise | PairCorr |
| 0.67 | JVA | Coffee Holding | PairCorr |
| 0.56 | FAMI | Farmmi Inc | PairCorr |
| 0.53 | HLF | Herbalife Nutrition Earnings Call This Week | PairCorr |
| 0.52 | SFD | Smithfield Foods, Common | PairCorr |
| 0.5 | HRL | Hormel Foods | PairCorr |
| 0.48 | CENTA | Central Garden Pet | PairCorr |
| 0.77 | MAMA | Mamas Creations | PairCorr |
| 0.65 | SENEB | Seneca Foods Corp | PairCorr |
| 0.62 | NAII | Natural Alternatives | PairCorr |
| 0.61 | NCRA | Nocera Inc | PairCorr |
| 0.6 | RKDA | Arcadia Biosciences | PairCorr |
| 0.6 | SOWG | Sow Good Common | PairCorr |
| 0.57 | NATR | Natures Sunshine Products | PairCorr |
| 0.53 | SENEA | Seneca Foods Corp | PairCorr |
| 0.52 | UTZ | Utz Brands | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | RIBT | ||
| 0.0 | -0.11 | 0.0 | -0.46 | 0.3 | 0.02 | LSF | ||
| 0.0 | -0.11 | 0.0 | 0.14 | -0.46 | -0.11 | SHRG | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MOBQ | ||
| 0.0 | -0.46 | 0.14 | 0.0 | -0.43 | 0.4 | AREB | ||
| 0.0 | 0.3 | -0.46 | 0.0 | -0.43 | 0.16 | HOUR | ||
| 0.0 | 0.02 | -0.11 | 0.0 | 0.4 | 0.16 | GGROW | ||
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Stryve Pink Sheet performing well and Stryve 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 Stryve 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RIBT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LSF | 2.18 | 0.39 | 0.11 | 1.20 | 2.35 | 4.91 | 14.31 | |||
| SHRG | 2.95 | (1.42) | 0.00 | 2.31 | 0.00 | 0.00 | 98.90 | |||
| MOBQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AREB | 6.54 | (2.48) | 0.00 | (0.41) | 0.00 | 9.35 | 53.68 | |||
| HOUR | 3.59 | 0.45 | 0.10 | 0.74 | 3.68 | 10.74 | 23.67 | |||
| GGROW | 10.50 | 0.51 | 0.06 | 0.34 | 10.71 | 24.44 | 95.24 |
Stryve Foods Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Stryve Foods pink sheet to make a market-neutral strategy. Peer analysis of Stryve Foods could also be used in its relative valuation, which is a method of valuing Stryve Foods by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Stryve Foods Corporate Management
| Norma Garcia | Corporate Counsel | Profile | |
| Katie Grady | Chief Officer | Profile | |
| Sandy Martin | Investor Contact | Profile | |
| Christopher Boever | CEO Director | Profile | |
| Warren Pala | Chief Officer | Profile | |
| Jerry Goldner | Chief Officer | Profile | |
| Eric Fleming | Chief Officer | Profile |
Still Interested in Stryve Foods?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.