Traeger Correlations

COOK Stock

USD 2.52 0.02 0.80%

The current 90-days correlation between Traeger and Sleep Number Corp is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Traeger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Traeger moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Traeger Correlation With Market

Average diversification

The correlation between Traeger and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Traeger and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Traeger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Traeger Stock please use our How to buy in Traeger Stock guide.

Moving together with Traeger Stock

0.84	FLXS	Flexsteel Industries Earnings Call This Week	Pair Corr
0.85	LEG	Leggett Platt Earnings Call This Week	Pair Corr
0.66	MBC	MasterBrand	Pair Corr
0.71	MHK	Mohawk Industries Earnings Call This Week	Pair Corr
0.88	HOFT	Hooker Furniture	Pair Corr
0.77	LOVE	Lovesac	Pair Corr
0.77	AMWD	American Woodmark	Pair Corr
0.67	ATER	Aterian	Pair Corr
0.66	BSET	Bassett Furniture	Pair Corr
0.69	F	Ford Motor Earnings Call This Week	Pair Corr
0.67	DIBS	1StdibsCom	Pair Corr
0.91	BC	Brunswick	Pair Corr

Moving against Traeger Stock

0.85	KEQU	Kewaunee Scientific	Pair Corr
0.55	WHR	Whirlpool	Pair Corr
0.49	TPX	Tempur Sealy Interna Earnings Call This Week	Pair Corr
0.43	NCL	Northann Corp	Pair Corr
0.33	NTZ	Natuzzi SpA	Pair Corr
0.32	LZB	La Z Boy	Pair Corr
0.76	GV	Visionary Education	Pair Corr
0.7	AS	Amer Sports,	Pair Corr
0.62	EM	Smart Share Global	Pair Corr
0.56	BH	Biglari Holdings	Pair Corr
0.31	AN	AutoNation	Pair Corr

Related Correlations Analysis

	SNBR	TPX	LOVE	MLKN	BSET	KBAL	HOFT	NTZ	FLXS
SNBR		0.6	-0.01	0.22	-0.16	0.16	-0.26	0.68	0.01	SNBR
TPX	0.6		-0.2	-0.08	-0.03	0.4	-0.39	0.6	-0.39	TPX
LOVE	-0.01	-0.2		0.78	0.69	-0.02	0.77	-0.03	0.63	LOVE
MLKN	0.22	-0.08	0.78		0.67	-0.05	0.81	-0.04	0.8	MLKN
BSET	-0.16	-0.03	0.69	0.67		0.1	0.76	-0.09	0.5	BSET
KBAL	0.16	0.4	-0.02	-0.05	0.1		-0.06	0.19	-0.09	KBAL
HOFT	-0.26	-0.39	0.77	0.81	0.76	-0.06		-0.45	0.82	HOFT
NTZ	0.68	0.6	-0.03	-0.04	-0.09	0.19	-0.45		-0.38	NTZ
FLXS	0.01	-0.39	0.63	0.8	0.5	-0.09	0.82	-0.38		FLXS
	SNBR	TPX	LOVE	MLKN	BSET	KBAL	HOFT	NTZ	FLXS

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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

FLXS	+ 0.82	HOFT
HOFT	+ 0.81	MLKN
FLXS	+ 0.8	MLKN
MLKN	+ 0.78	LOVE
HOFT	+ 0.77	LOVE
HOFT	+ 0.76	BSET

High negative correlations

NTZ	- 0.45	HOFT
FLXS	- 0.39	TPX
HOFT	- 0.39	TPX
FLXS	- 0.38	NTZ
HOFT	- 0.26	SNBR
LOVE	- 0.2	TPX

Risk-Adjusted Indicators

There is a big difference between Traeger Stock performing well and Traeger 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 Traeger'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
SNBR	3.35	0.35	0.11	0.30	3.32	(4.05)	8.60	(6.66)	25.55
TPX	1.36	0.41	0.31	1.01	0.76	(1.76)	3.72	(1.53)	11.58
LOVE	2.53	(0.06)	0.00	(0.12)	0.00	0.00	5.37	(4.35)	42.52
MLKN	1.51	(0.06)	0.00	(0.11)	0.00	0.00	3.35	(2.80)	10.14
BSET	1.36	0.06	0.00	0.36	1.71	(1.54)	3.38	(2.79)	9.95
KBAL	2.54	1.36	1.27	(1.27)	0.00	(3.12)	1.08	(0.89)	87.83
HOFT	2.28	(0.29)	0.00	(0.32)	0.00	0.00	5.24	(4.88)	16.19
NTZ	3.55	0.32	0.03	(0.30)	4.20	(4.16)	8.75	(6.78)	24.28
FLXS	1.66	(0.25)	0.00	(0.10)	0.00	0.00	2.85	(3.96)	13.66

Traeger Corporate Management

Elizabeth Lempres	Independent Director	Profile
Raul Alvarez	Lead Independent Director	Profile
James Hardy	Chief Supply Chain Officer	Profile
Daniel James	Independent Director	Profile
Cole Akker	Chief Officer	Profile
Thomas Burton	General Counsel	Profile
Martin Eltrich	Independent Director	Profile

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