Safety Shot Correlations

SHOT Stock

0.56 0.01 2.53%

The current 90-days correlation between Safety Shot and Fluent Inc is -0.18 (i.e., Good diversification). The correlation of Safety Shot 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.

Safety Shot Correlation With Market

Weak diversification

The correlation between Safety Shot and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safety Shot and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Shot. 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 Safety Stock please use our How to Invest in Safety Shot guide.

Moving together with Safety Stock

0.71	CL	Colgate Palmolive	Pair Corr
0.86	WDFC	WD 40 Company	Pair Corr
0.67	CENTA	Central Garden Pet	Pair Corr
0.79	CLX	Clorox	Pair Corr
0.71	DSY	Big Tree Cloud	Pair Corr
0.78	ELF	ELF Beauty	Pair Corr
0.87	ENR	Energizer Holdings Potential Growth	Pair Corr
0.82	EPC	Edgewell Personal Care	Pair Corr
0.68	FTLF	FitLife Brands, Common	Pair Corr
0.91	MED	MEDIFAST INC	Pair Corr
0.82	SPB	Spectrum Brands Holdings	Pair Corr
0.78	YSG	Yatsen Holding	Pair Corr
0.75	HELE	Helen of Troy	Pair Corr
0.88	HNST	Honest Company	Pair Corr
0.64	NAII	Natural Alternatives	Pair Corr
0.86	NATR	Natures Sunshine Products Earnings Call This Week	Pair Corr
0.91	OLPX	Olaplex Holdings	Pair Corr

Moving against Safety Stock

0.82	UG	United Guardian	Pair Corr
0.55	EWCZ	European Wax Center	Pair Corr
0.46	WALDW	Waldencast Acquisition	Pair Corr
0.62	ODC	Oil Dri	Pair Corr
0.61	LFVN	Lifevantage	Pair Corr
0.33	GROV	Virgin Group Acquisition	Pair Corr
0.31	IPAR	Inter Parfums	Pair Corr
0.85	K	Kellanova	Pair Corr
0.57	BJ	BJs Wholesale Club Upward Rally	Pair Corr
0.31	TKLF	Yoshitsu	Pair Corr

Related Correlations Analysis

	FLNT	EGO	CMPR	GLBE	CPAC	AVNT	BOC	LAC
FLNT		-0.19	-0.16	0.47	0.35	0.07	0.49	-0.02	FLNT
EGO	-0.19		0.81	0.29	0.06	0.52	0.18	0.68	EGO
CMPR	-0.16	0.81		0.35	-0.14	0.46	0.17	0.73	CMPR
GLBE	0.47	0.29	0.35		0.02	-0.01	0.36	0.2	GLBE
CPAC	0.35	0.06	-0.14	0.02		0.5	0.56	-0.01	CPAC
AVNT	0.07	0.52	0.46	-0.01	0.5		0.72	0.68	AVNT
BOC	0.49	0.18	0.17	0.36	0.56	0.72		0.38	BOC
LAC	-0.02	0.68	0.73	0.2	-0.01	0.68	0.38		LAC
	FLNT	EGO	CMPR	GLBE	CPAC	AVNT	BOC	LAC

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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

CMPR	+ 0.81	EGO
LAC	+ 0.73	CMPR
BOC	+ 0.72	AVNT
LAC	+ 0.68	EGO
LAC	+ 0.68	AVNT
BOC	+ 0.56	CPAC

High negative correlations

EGO	- 0.19	FLNT
CMPR	- 0.16	FLNT
CPAC	- 0.14	CMPR
LAC	- 0.02	FLNT
LAC	- 0.01	CPAC
AVNT	- 0.01	GLBE

Risk-Adjusted Indicators

There is a big difference between Safety Stock performing well and Safety Shot 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 Safety Shot'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
FLNT	2.32	(0.16)	0.00	(0.46)	0.00	0.00	5.49	(4.96)	13.66
EGO	2.14	(0.06)	0.00	(0.16)	0.00	0.00	4.42	(5.33)	16.79
CMPR	2.10	(0.85)	0.00	(1.55)	0.00	0.00	3.95	(5.34)	11.06
GLBE	1.78	(0.27)	0.00	(0.34)	0.00	0.00	2.79	(3.87)	21.69
CPAC	1.46	0.02	0.05	(0.29)	1.68	(1.59)	3.04	(2.90)	10.27
AVNT	1.36	(0.24)	0.00	(0.27)	0.00	0.00	2.90	(2.34)	8.36
BOC	1.29	(0.02)	0.00	(0.09)	0.00	0.00	2.39	(2.32)	6.99
LAC	2.68	(0.34)	0.00	(0.30)	0.00	0.00	6.62	(5.41)	15.88

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