Thorne HealthTech Correlations

Summary

THRNDelisted Stock

USD 6.40 0.48 8.11%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thorne HealthTech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thorne HealthTech moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Thorne HealthTech Correlation With Market

Good diversification

The correlation between Thorne HealthTech and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thorne HealthTech and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Thorne Stock

0.78	JBL	Jabil Circuit	Pair Corr
0.76	OPFI	OppFi Inc	Pair Corr
0.7	BZUSD	Brent Crude Oil	Pair Corr
0.62	ZVIA	Zevia Pbc	Pair Corr
0.64	MITQ	Moving iMage Technologies	Pair Corr
0.83	ITCI	Intracellular Th Trending	Pair Corr

Moving against Thorne Stock

0.47	PKX	POSCO Holdings Earnings Call This Week	Pair Corr
0.33	SWZNF	Schweizerische Nationalbank	Pair Corr
0.31	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	SENEA	CENTA	CENT	NATR	ASBFF	JJSF	BRBR	POST	SENEB	LANC
SENEA		0.73	0.76	0.56	-0.62	-0.41	0.85	0.31	0.39	-0.07	SENEA
CENTA	0.73		1.0	0.8	-0.16	0.26	0.89	0.66	0.03	0.49	CENTA
CENT	0.76	1.0		0.79	-0.22	0.2	0.91	0.65	0.08	0.45	CENT
NATR	0.56	0.8	0.79		-0.15	0.26	0.84	0.39	-0.11	0.43	NATR
ASBFF	-0.62	-0.16	-0.22	-0.15		0.75	-0.43	0.12	-0.52	0.45	ASBFF
JJSF	-0.41	0.26	0.2	0.26	0.75		-0.03	0.49	-0.55	0.81	JJSF
BRBR	0.85	0.89	0.91	0.84	-0.43	-0.03		0.5	0.18	0.23	BRBR
POST	0.31	0.66	0.65	0.39	0.12	0.49	0.5		0.05	0.39	POST
SENEB	0.39	0.03	0.08	-0.11	-0.52	-0.55	0.18	0.05		-0.48	SENEB
LANC	-0.07	0.49	0.45	0.43	0.45	0.81	0.23	0.39	-0.48		LANC
	SENEA	CENTA	CENT	NATR	ASBFF	JJSF	BRBR	POST	SENEB	LANC

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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

CENT	+ 1.0	CENTA
BRBR	+ 0.91	CENT
BRBR	+ 0.89	CENTA
BRBR	+ 0.85	SENEA
BRBR	+ 0.84	NATR
LANC	+ 0.81	JJSF

High negative correlations

ASBFF	- 0.62	SENEA
SENEB	- 0.55	JJSF
SENEB	- 0.52	ASBFF
LANC	- 0.48	SENEB
BRBR	- 0.43	ASBFF
JJSF	- 0.41	SENEA

Risk-Adjusted Indicators

There is a big difference between Thorne Stock performing well and Thorne HealthTech 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 Thorne HealthTech'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
SENEA	1.49	0.21	0.10	0.53	1.77	(1.61)	3.12	(2.63)	13.63
CENTA	1.43	0.04	0.01	0.33	1.74	(1.58)	3.15	(2.51)	10.79
CENT	1.39	0.07	0.03	0.51	1.71	(1.52)	2.82	(2.47)	10.96
NATR	1.85	0.17	0.07	4.30	2.04	(2.09)	3.55	(4.00)	22.72
ASBFF	0.76	(0.34)	0.00	0.75	0.00	0.00	0.00	0.00	13.36
JJSF	1.06	(0.23)	0.00	(0.55)	0.00	0.00	2.23	(2.56)	9.60
BRBR	1.07	0.18	0.13	0.52	1.12	(1.11)	2.76	(2.07)	6.36
POST	0.86	(0.11)	0.00	(0.21)	0.00	0.00	1.81	(1.85)	6.08
SENEB	1.43	0.23	0.08	(0.71)	1.50	(2.46)	4.02	(2.64)	15.71
LANC	1.42	(0.07)	0.00	(0.13)	0.00	0.00	3.28	(2.41)	8.36

Thorne HealthTech Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Thorne HealthTech stock to make a market-neutral strategy. Peer analysis of Thorne HealthTech could also be used in its relative valuation, which is a method of valuing Thorne HealthTech by comparing valuation metrics with similar companies.

Seneca Foods Corp Central Garden Pet Central Garden Pet Natures Sunshine Products Associated British Foods J J Snack Bellring Brands LLC Post Holdings Seneca Foods Corp Lancaster Colony Real Good Food John B Sanfilippo Nomad Foods Simply Good Foods American Airlines Group

Risk & Return

Correlation

Thorne HealthTech Corporate Management

Thomas Wilson	VP Relations	Profile
Scott Hurth	Chief Officer	Profile
Paul Jacobson	CEO CoFounder	Profile
William McCamy	President	Profile
Thomas McKenna	COO Director	Profile
Kim Pearson	G Counsel	Profile
Bryan Conley	Chief Officer	Profile

Still Interested in Thorne HealthTech?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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