Tantech Holdings Correlations

Tantech Holdings Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tantech Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Tantech Stock please use our How to Invest in Tantech Holdings guide.

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    NUS + 0.85 EPC COTY + 0.78 BDRFY HELE + 0.69 YSG EPC + 0.55 COTY IPAR + 0.52 YSG NUS + 0.49 COTY

High negative correlations    COTY - 0.84 YSG HELE - 0.81 EPC YSG - 0.76 BDRFY HELE - 0.75 NUS HELE - 0.64 COTY EPC - 0.56 YSG

Risk-Adjusted Indicators

There is a big difference between Tantech Stock performing well and Tantech Holdings 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 Tantech Holdings' 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.