Traeger Correlations

COOK Stock

USD 1.06 0.02 1.85%

The current 90-days correlation between Traeger and Sleep Number Corp is 0.17 (i.e., Average 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

Very weak diversification

The correlation between Traeger and DJI is 0.4 (i.e., Very weak 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.

Build AI portfolio with Traeger Stock

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 metropolitan statistical area.

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

Moving together with Traeger Stock

0.64	GIL	Gildan Activewear	Pair Corr
0.67	JXG	JX Luxventure Limited	Pair Corr
0.65	MBC	MasterBrand	Pair Corr
0.71	SGC	Superior Uniform	Pair Corr
0.63	UAA	Under Armour A Aggressive Push	Pair Corr
0.63	UHG	United Homes Group	Pair Corr

Moving against Traeger Stock

0.62	VRA	Vera Bradley	Pair Corr
0.76	002494	Huasi Agricultural	Pair Corr
0.41	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	SNBR	KEQU	BSET	VIRC	PLBY	AKA	CJET	VRM	CLAR	HOFT
SNBR		-0.19	0.82	-0.27	0.42	-0.49	-0.06	0.41	0.0	0.34	SNBR
KEQU	-0.19		-0.5	0.69	-0.73	0.16	0.81	0.6	-0.31	-0.82	KEQU
BSET	0.82	-0.5		-0.56	0.51	-0.43	-0.32	0.16	0.09	0.59	BSET
VIRC	-0.27	0.69	-0.56		-0.39	0.25	0.55	0.29	0.2	-0.48	VIRC
PLBY	0.42	-0.73	0.51	-0.39		-0.27	-0.62	-0.37	0.39	0.78	PLBY
AKA	-0.49	0.16	-0.43	0.25	-0.27		-0.18	-0.21	0.11	-0.32	AKA
CJET	-0.06	0.81	-0.32	0.55	-0.62	-0.18		0.62	-0.4	-0.68	CJET
VRM	0.41	0.6	0.16	0.29	-0.37	-0.21	0.62		-0.27	-0.52	VRM
CLAR	0.0	-0.31	0.09	0.2	0.39	0.11	-0.4	-0.27		0.47	CLAR
HOFT	0.34	-0.82	0.59	-0.48	0.78	-0.32	-0.68	-0.52	0.47		HOFT
	SNBR	KEQU	BSET	VIRC	PLBY	AKA	CJET	VRM	CLAR	HOFT

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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

BSET	+ 0.82	SNBR
CJET	+ 0.81	KEQU
HOFT	+ 0.78	PLBY
VIRC	+ 0.69	KEQU
VRM	+ 0.62	CJET
VRM	+ 0.6	KEQU

High negative correlations

HOFT	- 0.82	KEQU
PLBY	- 0.73	KEQU
HOFT	- 0.68	CJET
CJET	- 0.62	PLBY
VIRC	- 0.56	BSET
HOFT	- 0.52	VRM

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	3.88	0.36	0.09	0.34	3.82	(4.85)	12.75	(6.74)	22.38
KEQU	1.48	(0.22)	0.00	(0.29)	0.00	0.00	3.39	(2.95)	10.41
BSET	1.58	0.09	0.04	0.19	1.71	(2.06)	3.98	(2.54)	12.86
VIRC	1.65	(0.37)	0.00	(0.21)	0.00	0.00	3.68	(3.75)	11.88
PLBY	3.47	0.49	0.09	(0.95)	4.08	(3.84)	6.43	(6.52)	33.37
AKA	4.17	0.23	0.06	0.17	4.90	(4.66)	9.27	(9.40)	52.11
CJET	6.78	(5.04)	0.00	54.41	0.00	0.00	9.68	(20.59)	67.78
VRM	3.96	(0.41)	0.00	(0.11)	0.00	0.00	10.29	(6.21)	22.81
CLAR	1.82	(0.07)	0.00	(0.03)	0.00	0.00	3.66	(3.78)	16.48
HOFT	2.19	0.20	0.05	(1.07)	2.75	(2.20)	4.16	(3.71)	14.96

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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