High Tide Correlations
| HITI Stock | USD 2.72 0.24 8.11% |
The current 90-days correlation between High Tide and PetMed Express is 0.15 (i.e., Average diversification). The correlation of High Tide 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.
High Tide Correlation With Market
Average diversification
The correlation between High Tide and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding High Tide and DJI in the same portfolio, assuming nothing else is changed.
High |
Moving together with High Stock
| 0.71 | DLTR | Dollar Tree | PairCorr |
| 0.68 | 601933 | Yonghui Superstores | PairCorr |
| 0.7 | MEDPLUS | Medplus Health Services | PairCorr |
| 0.62 | AAPL | Apple Inc Aggressive Push | PairCorr |
Moving against High Stock
| 0.46 | TGT | Target | PairCorr |
| 0.7 | TBBB | BBB Foods | PairCorr |
| 0.4 | HCWC | Healthy Choice Wellness | PairCorr |
| 0.31 | WDFC | WD 40 Company | PairCorr |
| 0.31 | 301408 | Anhui Huaren Health | PairCorr |
Related Correlations Analysis
| 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 High Stock performing well and High Tide 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 High Tide'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LFLYW | 7.10 | (1.16) | 0.00 | (25.77) | 0.00 | 16.59 | 75.35 | |||
| NVACF | 2.15 | 0.73 | 0.09 | (0.44) | 2.50 | 4.40 | 35.64 | |||
| MEDS | 6.58 | (0.12) | 0.00 | 2.98 | 0.00 | 15.93 | 59.53 | |||
| SSY | 4.62 | 0.35 | 0.04 | (0.72) | 4.95 | 9.41 | 72.92 | |||
| KIARF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GABLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LFLY | 5.17 | (1.87) | 0.00 | (3.37) | 0.00 | 6.98 | 77.45 | |||
| CJJD | 3.64 | 0.04 | 0.00 | 0.02 | 0.00 | 8.58 | 30.23 | |||
| MDVL | 5.73 | 0.32 | 0.03 | 3.15 | 6.05 | 16.00 | 52.11 | |||
| BIMI | 13.59 | (1.44) | 0.00 | (0.83) | 0.00 | 22.67 | 206.98 |
High Tide Corporate Management
| Omar Khan | Chief Officer | Profile | |
| CPA CMA | Chief Officer | Profile | |
| Aman Sood | Chief Officer | Profile | |
| AndreasAlexander Palalas | Chief Officer | Profile | |
| Joy Avzar | VP Counsel | Profile | |
| Harkirat Grover | CEO, Founder | Profile | |
| Sandy Sharma | Vice Resources | Profile |