Target Hospitality Correlations

TH Stock

USD 7.16 0.23 3.11%

The current 90-days correlation between Target Hospitality Corp and Nordic American Tankers is -0.11 (i.e., Good diversification). The correlation of Target Hospitality 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.

Target Hospitality Correlation With Market

Very weak diversification

The correlation between Target Hospitality Corp and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target Hospitality Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Target Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Target Hospitality Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Target Stock

0.64	IHG	InterContinental Hotels	Pair Corr
0.73	TNL	Travel Leisure	Pair Corr
0.78	VIK	Viking Holdings	Pair Corr
0.61	FLT	Flight Centre Travel	Pair Corr
0.7	YTRA	Yatra Online	Pair Corr

Moving against Target Stock

0.58	000430	Zhang Jia Jie	Pair Corr
0.43	SSTY	Safestay PLC	Pair Corr
0.42	GHG	GreenTree Hospitality	Pair Corr
0.68	900929	Shanghai Jinjiang	Pair Corr
0.64	CKI	Clarke Inc	Pair Corr
0.54	300859	Western Regions Tourism	Pair Corr
0.35	900942	Huangshan Tourism	Pair Corr

Related Correlations Analysis

	NAT	BWMN	GLDD	APOG	NPK	VLRS	PRSU	SERV	MRTN	GNK
NAT		-0.16	0.57	-0.2	0.47	0.34	-0.22	0.39	0.47	0.59	NAT
BWMN	-0.16		-0.46	0.22	0.29	-0.33	0.51	0.38	-0.29	-0.64	BWMN
GLDD	0.57	-0.46		0.28	0.48	0.73	-0.07	0.22	0.82	0.84	GLDD
APOG	-0.2	0.22	0.28		0.27	0.3	0.67	0.18	0.36	0.12	APOG
NPK	0.47	0.29	0.48	0.27		0.63	0.23	0.68	0.66	0.19	NPK
VLRS	0.34	-0.33	0.73	0.3	0.63		-0.09	0.4	0.91	0.69	VLRS
PRSU	-0.22	0.51	-0.07	0.67	0.23	-0.09		0.28	0.07	-0.3	PRSU
SERV	0.39	0.38	0.22	0.18	0.68	0.4	0.28		0.53	0.12	SERV
MRTN	0.47	-0.29	0.82	0.36	0.66	0.91	0.07	0.53		0.73	MRTN
GNK	0.59	-0.64	0.84	0.12	0.19	0.69	-0.3	0.12	0.73		GNK
	NAT	BWMN	GLDD	APOG	NPK	VLRS	PRSU	SERV	MRTN	GNK

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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

MRTN	+ 0.91	VLRS
GNK	+ 0.84	GLDD
MRTN	+ 0.82	GLDD
VLRS	+ 0.73	GLDD
GNK	+ 0.73	MRTN
GNK	+ 0.69	VLRS

High negative correlations

GNK	- 0.64	BWMN
GLDD	- 0.46	BWMN
VLRS	- 0.33	BWMN
GNK	- 0.3	PRSU
MRTN	- 0.29	BWMN
PRSU	- 0.22	NAT

Risk-Adjusted Indicators

There is a big difference between Target Stock performing well and Target Hospitality 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 Target Hospitality'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
NAT	1.31	0.29	0.13	(10.21)	1.21	(1.53)	3.18	(2.31)	10.94
BWMN	2.23	(0.26)	0.00	(0.63)	0.00	0.00	3.35	(5.57)	26.93
GLDD	1.89	0.43	0.26	0.43	1.46	(2.40)	4.74	(3.10)	16.08
APOG	1.66	(0.01)	(0.02)	0.05	3.05	(1.59)	3.67	(3.14)	17.56
NPK	1.41	0.14	0.04	7.52	2.04	(1.48)	2.80	(2.71)	10.34
VLRS	2.48	0.50	0.19	0.72	2.22	(3.09)	6.58	(4.72)	19.39
PRSU	1.71	(0.16)	0.00	(0.03)	0.00	0.00	3.74	(3.84)	16.61
SERV	4.35	(0.09)	0.01	0.04	5.16	(4.63)	10.62	(9.56)	28.21
MRTN	1.57	0.16	0.09	0.20	1.76	(2.17)	4.33	(2.24)	9.12
GNK	1.30	0.38	0.22	1.29	1.08	(1.52)	3.90	(1.92)	11.53

Target Hospitality Corporate Management

Heidi JD	General VP	Profile
Heidi Lewis	General VP	Profile
Eric Kalamaras	Ex CFO	Profile
Margarita Salazar	Vice Resources	Profile
Travis Kelley	Ex Operations	Profile
Jason Vlacich	Chief Officer	Profile

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