Cyanotech Correlations

Summary

CYANDelisted Stock

USD 0.88 0.05 6.02%

The current 90-days correlation between Cyanotech and FitLife Brands, Common is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cyanotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cyanotech moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cyanotech Correlation With Market

Significant diversification

The correlation between Cyanotech and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cyanotech and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cyanotech Stock

0.61	BGS	BG Foods	Pair Corr
0.71	KHC	Kraft Heinz	Pair Corr
0.82	JBSS	John B Sanfilippo	Pair Corr

Moving against Cyanotech Stock

0.72	HLF	Herbalife Nutrition	Pair Corr
0.71	FRPT	Freshpet	Pair Corr
0.52	DAR	Darling Ingredients Sell-off Trend	Pair Corr
0.48	LSF	Laird Superfood	Pair Corr
0.36	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.34	BRCNF	Burcon NutraScience Corp	Pair Corr
0.32	CENTA	Central Garden Pet	Pair Corr
0.67	PPC	Pilgrims Pride Corp	Pair Corr
0.67	INGR	Ingredion Incorporated	Pair Corr
0.61	NATR	Natures Sunshine Products	Pair Corr
0.51	SENEA	Seneca Foods Corp	Pair Corr
0.49	LANC	Lancaster Colony	Pair Corr
0.49	PAVS	Paranovus Entertainment	Pair Corr
0.33	JJSF	J J Snack	Pair Corr

Related Correlations Analysis

	CFOO	YGYIP	FTLF	CENTA	CENT	SENEB	MKC-V	NATR	SENEA	ASBFF
CFOO		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CFOO
YGYIP	0.0		-0.5	-0.69	-0.66	0.15	-0.58	0.23	0.57	-0.71	YGYIP
FTLF	0.0	-0.5		0.51	0.49	-0.05	0.38	0.12	-0.29	0.4	FTLF
CENTA	0.0	-0.69	0.51		1.0	0.17	0.15	0.37	-0.01	0.25	CENTA
CENT	0.0	-0.66	0.49	1.0		0.19	0.11	0.4	0.03	0.21	CENT
SENEB	0.0	0.15	-0.05	0.17	0.19		-0.26	0.26	0.25	-0.3	SENEB
MKC-V	0.0	-0.58	0.38	0.15	0.11	-0.26		-0.55	-0.58	0.67	MKC-V
NATR	0.0	0.23	0.12	0.37	0.4	0.26	-0.55		0.76	-0.43	NATR
SENEA	0.0	0.57	-0.29	-0.01	0.03	0.25	-0.58	0.76		-0.73	SENEA
ASBFF	0.0	-0.71	0.4	0.25	0.21	-0.3	0.67	-0.43	-0.73		ASBFF
	CFOO	YGYIP	FTLF	CENTA	CENT	SENEB	MKC-V	NATR	SENEA	ASBFF

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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

CENT	+ 1.0	CENTA
SENEA	+ 0.76	NATR
ASBFF	+ 0.67	MKC-V
SENEA	+ 0.57	YGYIP
CENTA	+ 0.51	FTLF
CENT	+ 0.49	FTLF

High negative correlations

ASBFF	- 0.73	SENEA
ASBFF	- 0.71	YGYIP
CENTA	- 0.69	YGYIP
CENT	- 0.66	YGYIP
SENEA	- 0.58	MKC-V
MKC-V	- 0.58	YGYIP

Risk-Adjusted Indicators

There is a big difference between Cyanotech Stock performing well and Cyanotech 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 Cyanotech'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
CFOO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
YGYIP	6.25	2.60	0.00	(5.38)	0.00	0.00	8.33	0.00	129.89
FTLF	1.22	(0.03)	(0.02)	0.09	1.99	(1.26)	3.21	(2.29)	14.26
CENTA	1.25	(0.18)	0.00	(0.04)	0.00	0.00	2.74	(2.72)	6.82
CENT	1.23	(0.14)	0.00	(0.03)	0.00	0.00	2.81	(2.33)	6.39
SENEB	1.21	0.24	0.04	(1.48)	1.24	(2.03)	3.42	(2.64)	11.90
MKC-V	0.95	0.00	0.00	0.11	0.00	0.00	2.22	(2.75)	5.53
NATR	2.06	0.05	0.09	0.14	1.82	(2.64)	6.11	(2.99)	22.72
SENEA	1.16	0.16	0.08	0.31	1.47	(1.28)	2.87	(1.85)	11.87
ASBFF	0.31	(0.14)	0.00	0.73	0.00	0.00	0.00	0.00	6.28

Cyanotech 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 Cyanotech stock to make a market-neutral strategy. Peer analysis of Cyanotech could also be used in its relative valuation, which is a method of valuing Cyanotech by comparing valuation metrics with similar companies.

China Foods Holdings Youngevity International PR FitLife Brands, Common Central Garden Pet Central Garden Pet Seneca Foods Corp McCormick Company Incorporated Natures Sunshine Products Seneca Foods Corp Associated British Foods Bridgford Foods Lifeway Foods American Airlines Group Alcoa Corp Apple Inc

Risk & Return

Correlation

Cyanotech Corporate Management

Amy Nordin	VP Secretary	Profile
Glenn Jensen	VP of Operations	Profile
Charles Hartmann	Vice Marketing	Profile
Felicia Ladin	CFO Treasurer	Profile
Collette Kakuk	Chief Officer	Profile

Still Interested in Cyanotech?

Investing in delisted delisted stocks can be risky, as the stock 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.

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