Steakholder Foods Correlations

STKH Stock

USD 1.60 0.04 2.44%

The current 90-days correlation between Steakholder Foods and Farmmi Inc is 0.09 (i.e., Significant diversification). The correlation of Steakholder Foods 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.

Steakholder Foods Correlation With Market

Significant diversification

The correlation between Steakholder Foods and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steakholder Foods 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 Steakholder Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more detail on how to invest in Steakholder Stock please use our How to Invest in Steakholder Foods guide.

Moving together with Steakholder Stock

0.8	BG	Bunge Limited	Pair Corr
0.86	DOLE	Dole PLC	Pair Corr
0.82	ADM	Archer Daniels Midland	Pair Corr
0.94	BUD	Anheuser Busch Inbev	Pair Corr
0.75	CAG	ConAgra Foods	Pair Corr
0.87	CPB	Campbell Soup	Pair Corr
0.61	DAR	Darling Ingredients	Pair Corr
0.82	DDC	DDC Enterprise	Pair Corr
0.75	FLO	Flowers Foods	Pair Corr
0.9	FMX	Fomento Economico	Pair Corr
0.76	GIS	General Mills	Pair Corr
0.86	KHC	Kraft Heinz	Pair Corr
0.89	LND	Brasilagro Adr	Pair Corr
0.65	RGF	Real Good Food	Pair Corr

Moving against Steakholder Stock

0.78	BTI	British American Tobacco	Pair Corr
0.68	K	Kellanova	Pair Corr
0.63	BON	Bon Natural Life	Pair Corr
0.52	TR	Tootsie Roll Industries	Pair Corr
0.51	CCU	Compania Cervecerias	Pair Corr
0.5	FDP	Fresh Del Monte	Pair Corr
0.43	EDBL	Edible Garden AG	Pair Corr
0.36	MO	Altria Group	Pair Corr
0.35	VITL	Vital Farms	Pair Corr
0.32	FRPT	Freshpet	Pair Corr
0.9	RLX	RLX Technology	Pair Corr
0.75	TPB	Turning Point Brands	Pair Corr
0.68	JVA	Coffee Holding Potential Growth	Pair Corr

Related Correlations Analysis

	FAMI	HLF	BYND	TTCF	BTOG	SMFL	BTTR	LSF	MYLKF	BRCNF
FAMI		-0.35	0.32	0.34	0.24	0.22	-0.12	-0.44	-0.16	-0.06	FAMI
HLF	-0.35		0.32	0.12	0.4	0.23	-0.18	0.59	0.19	-0.61	HLF
BYND	0.32	0.32		0.9	0.94	0.88	-0.58	-0.34	0.05	-0.77	BYND
TTCF	0.34	0.12	0.9		0.88	0.91	-0.49	-0.45	-0.09	-0.6	TTCF
BTOG	0.24	0.4	0.94	0.88		0.91	-0.52	-0.21	0.11	-0.75	BTOG
SMFL	0.22	0.23	0.88	0.91	0.91		-0.51	-0.34	0.01	-0.61	SMFL
BTTR	-0.12	-0.18	-0.58	-0.49	-0.52	-0.51		0.21	-0.16	0.56	BTTR
LSF	-0.44	0.59	-0.34	-0.45	-0.21	-0.34	0.21		0.1	-0.05	LSF
MYLKF	-0.16	0.19	0.05	-0.09	0.11	0.01	-0.16	0.1		-0.2	MYLKF
BRCNF	-0.06	-0.61	-0.77	-0.6	-0.75	-0.61	0.56	-0.05	-0.2		BRCNF
	FAMI	HLF	BYND	TTCF	BTOG	SMFL	BTTR	LSF	MYLKF	BRCNF

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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

BTOG	+ 0.94	BYND
SMFL	+ 0.91	TTCF
SMFL	+ 0.91	BTOG
TTCF	+ 0.9	BYND
SMFL	+ 0.88	BYND
BTOG	+ 0.88	TTCF

High negative correlations

BRCNF	- 0.77	BYND
BRCNF	- 0.75	BTOG
BRCNF	- 0.61	SMFL
BRCNF	- 0.61	HLF
BRCNF	- 0.6	TTCF
BTTR	- 0.58	BYND

Risk-Adjusted Indicators

There is a big difference between Steakholder Stock performing well and Steakholder Foods 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 Steakholder Foods' 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
FAMI	5.56	0.30	0.03	(0.15)	6.47	(7.07)	11.54	(11.11)	43.91
HLF	2.25	(0.02)	0.00	(0.03)	0.00	0.00	3.94	(5.42)	19.88
BYND	3.02	(0.67)	0.00	(1.71)	0.00	0.00	6.53	(6.58)	16.88
TTCF	6.91	(4.01)	0.00	(10.68)	0.00	0.00	5.17	(25.61)	55.07
BTOG	4.95	(1.49)	0.00	(3.09)	0.00	0.00	8.11	(14.00)	35.98
SMFL	10.70	(4.28)	0.00	(10.71)	0.00	0.00	17.44	(25.00)	142.62
BTTR	4.46	0.32	0.06	0.28	4.94	(5.11)	11.30	(7.69)	22.90
LSF	4.24	0.38	0.08	0.63	4.52	(4.76)	9.06	(7.79)	34.96
MYLKF	118.56	57.77	0.87	1.37	20.03	(530.48)	100.00	(66.67)	2,400
BRCNF	3.88	0.04	0.00	(0.02)	4.73	(6.05)	7.14	(10.00)	20.88

Steakholder Foods Corporate Management

Lena Birger	Chief Designer	Profile
Lior Yedidya	Chief Chemist	Profile
Omri Schanin	Deputy COO	Profile
Itamar Atzmony	Chief Officer	Profile
Mor GlotterNov	Vice Marketing	Profile

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