Steakholder Foods Correlations

STKH Stock

USD 2.20 0.11 5.26%

The current 90-days correlation between Steakholder Foods and Seneca Foods Corp is -0.15 (i.e., Good 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

Good diversification

The correlation between Steakholder Foods and DJI is -0.05 (i.e., Good 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

0.62	BYND	Beyond Meat	Pair Corr
0.62	EL	Estee Lauder Companies	Pair Corr
0.65	IH	Ihuman Inc	Pair Corr
0.65	YQ	17 Education Technology	Pair Corr
0.62	DTCK	Davis Commodities	Pair Corr

Moving against Steakholder Stock

0.76	TR	Tootsie Roll Industries	Pair Corr
0.65	PAVS	Paranovus Entertainment	Pair Corr
0.55	GO	Grocery Outlet Holding	Pair Corr
0.47	TSN	Tyson Foods	Pair Corr
0.41	BJ	BJs Wholesale Club	Pair Corr
0.78	MO	Altria Group	Pair Corr
0.5	KR	Kroger Company Earnings Call This Week	Pair Corr
0.5	BRCNF	Burcon NutraScience Corp	Pair Corr
0.45	PM	Philip Morris Intern	Pair Corr
0.32	PG	Procter Gamble Sell-off Trend	Pair Corr
0.67	IMKTA	Ingles Markets	Pair Corr
0.63	EEIQ	Elite Education Group	Pair Corr

Related Correlations Analysis

	SENEB	JJSF	CENT	CENTA	LANC	THS	JBSS	SENEA	ACOPY	AVOZ
SENEB		0.07	0.3	0.28	0.22	-0.31	-0.32	0.31	-0.31	0.0	SENEB
JJSF	0.07		0.27	0.26	0.64	-0.13	-0.14	0.35	-0.1	0.0	JJSF
CENT	0.3	0.27		1.0	0.1	-0.04	-0.21	0.27	-0.68	0.0	CENT
CENTA	0.28	0.26	1.0		0.06	0.02	-0.15	0.21	-0.67	0.0	CENTA
LANC	0.22	0.64	0.1	0.06		-0.48	-0.54	0.53	-0.35	0.0	LANC
THS	-0.31	-0.13	-0.04	0.02	-0.48		0.86	-0.71	0.44	0.0	THS
JBSS	-0.32	-0.14	-0.21	-0.15	-0.54	0.86		-0.71	0.61	0.0	JBSS
SENEA	0.31	0.35	0.27	0.21	0.53	-0.71	-0.71		-0.46	0.0	SENEA
ACOPY	-0.31	-0.1	-0.68	-0.67	-0.35	0.44	0.61	-0.46		0.0	ACOPY
AVOZ	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AVOZ
	SENEB	JJSF	CENT	CENTA	LANC	THS	JBSS	SENEA	ACOPY	AVOZ

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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

CENTA	+ 1.0	CENT
JBSS	+ 0.86	THS
LANC	+ 0.64	JJSF
ACOPY	+ 0.61	JBSS
SENEA	+ 0.53	LANC
ACOPY	+ 0.44	THS

High negative correlations

SENEA	- 0.71	JBSS
SENEA	- 0.71	THS
ACOPY	- 0.68	CENT
ACOPY	- 0.67	CENTA
JBSS	- 0.54	LANC
THS	- 0.48	LANC

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
SENEB	1.20	0.23	0.04	(7.55)	1.24	(1.94)	3.02	(2.53)	11.90
JJSF	0.97	(0.08)	(0.05)	0.06	1.18	(1.05)	2.12	(1.89)	9.61
CENT	1.25	(0.10)	(0.08)	0.02	1.45	(1.40)	2.81	(2.33)	6.39
CENTA	1.26	(0.15)	(0.09)	(0.01)	1.46	(1.38)	2.74	(2.72)	6.82
LANC	1.14	0.03	0.02	0.16	1.46	(1.24)	3.43	(2.03)	9.59
THS	1.53	(0.34)	0.00	(0.24)	0.00	0.00	2.71	(2.61)	17.32
JBSS	1.11	(0.25)	0.00	(0.09)	0.00	0.00	1.90	(2.16)	12.01
SENEA	1.17	0.16	0.09	0.31	1.42	(1.33)	2.87	(1.85)	11.87
ACOPY	1.46	(0.04)	(0.01)	0.08	2.84	(6.94)	5.63	(4.23)	35.61
AVOZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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