Interactive Strength Correlations
| TRNR Stock | 6.62 0.09 1.38% |
The correlation of Interactive Strength 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.
Interactive Strength Correlation With Market
Weak diversification
The correlation between Interactive Strength Common and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Interactive Strength Common and DJI in the same portfolio, assuming nothing else is changed.
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Moving against Interactive Stock
| 0.65 | BH | Biglari Holdings | PairCorr |
| 0.56 | CMG | Chipotle Mexican Grill | PairCorr |
| 0.51 | W | Wayfair | PairCorr |
| 0.47 | NATH | Nathans Famous | PairCorr |
| 0.41 | DRI | Darden Restaurants | PairCorr |
| 0.4 | BDL | Flanigans Enterprises | PairCorr |
| 0.37 | EAT | Brinker International | PairCorr |
| 0.36 | DIBS | 1StdibsCom | PairCorr |
| 0.34 | DIN | Dine Brands Global | PairCorr |
| 0.69 | EDU | New Oriental Education | PairCorr |
| 0.59 | DFH | Dream Finders Homes | PairCorr |
| 0.54 | AN | AutoNation | PairCorr |
| 0.41 | JL | J Long Group | PairCorr |
| 0.41 | YJ | Yunji Inc | PairCorr |
| 0.41 | DOOO | BRP Inc | PairCorr |
| 0.4 | LE | Lands End | PairCorr |
| 0.37 | GIL | Gildan Activewear | PairCorr |
| 0.36 | RL | Ralph Lauren Corp | PairCorr |
| 0.36 | WEYS | Weyco Group | PairCorr |
| 0.36 | DAO | Youdao Inc | PairCorr |
| 0.32 | BBY | Best Buy | PairCorr |
Related Correlations Analysis
| -0.04 | -0.36 | 0.0 | -0.54 | -0.55 | -0.43 | INKT | ||
| -0.04 | 0.54 | 0.0 | -0.06 | 0.29 | 0.3 | ALMMF | ||
| -0.36 | 0.54 | 0.0 | 0.36 | 0.52 | 0.46 | APGE | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | RBMTF | ||
| -0.54 | -0.06 | 0.36 | 0.0 | 0.36 | 0.28 | ANRO | ||
| -0.55 | 0.29 | 0.52 | 0.0 | 0.36 | 0.7 | EGO | ||
| -0.43 | 0.3 | 0.46 | 0.0 | 0.28 | 0.7 | BNTX | ||
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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 Interactive Stock performing well and Interactive Strength 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 Interactive Strength'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INKT | 2.91 | (0.37) | 0.00 | (1.67) | 0.00 | 5.87 | 18.90 | |||
| ALMMF | 2.86 | 0.06 | 0.00 | 0.60 | 4.09 | 5.17 | 23.87 | |||
| APGE | 3.32 | (0.07) | (0.01) | 0.03 | 4.92 | 7.29 | 27.77 | |||
| RBMTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ANRO | 4.02 | 0.41 | 0.08 | 0.90 | 4.41 | 10.45 | 36.06 | |||
| EGO | 2.13 | 0.16 | 0.04 | 0.52 | 2.80 | 5.32 | 18.49 | |||
| BNTX | 2.62 | 0.28 | 0.08 | 0.37 | 3.29 | 6.03 | 25.06 |
Interactive Strength Corporate Executives
Elected by the shareholders, the Interactive Strength's board of directors comprises two types of representatives: Interactive Strength inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Interactive. The board's role is to monitor Interactive Strength's management team and ensure that shareholders' interests are well served. Interactive Strength's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Interactive Strength's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Trent Ward | Chairperson, CoFounder | Profile |