Thorne HealthTech Correlations
| THRNDelisted Stock | USD 6.40 0.48 8.11% |
The current 90-days correlation between Thorne HealthTech and Seneca Foods Corp is 0.01 (i.e., Significant diversification). 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
Average diversification
The correlation between Thorne HealthTech and DJI is 0.14 (i.e., Average 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.
Thorne |
Moving together with Thorne Stock
| 0.68 | ITCL | Banco Ita Chile | PairCorr |
| 0.65 | HPQ | HP Inc | PairCorr |
| 0.69 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.8 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.71 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.63 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against Thorne Stock
| 0.62 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.59 | BCH | Banco De Chile | PairCorr |
| 0.54 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.43 | SHG | Shinhan Financial | PairCorr |
| 0.38 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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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 | 1.16 | 0.15 | 0.08 | 0.30 | 1.44 | 2.87 | 11.87 | |||
| CENTA | 1.25 | (0.17) | 0.00 | (0.04) | 0.00 | 2.74 | 6.82 | |||
| CENT | 1.25 | (0.12) | (0.09) | (0.01) | 1.44 | 2.81 | 6.39 | |||
| NATR | 2.06 | 0.07 | 0.09 | 0.15 | 1.84 | 6.11 | 22.72 | |||
| ASBFF | 0.31 | (0.14) | 0.00 | 0.73 | 0.00 | 0.00 | 6.28 | |||
| JJSF | 1.00 | (0.08) | (0.05) | 0.05 | 1.22 | 2.12 | 9.61 | |||
| BRBR | 0.92 | 0.46 | 0.38 | 1.51 | 0.41 | 2.61 | 5.26 | |||
| POST | 0.75 | 0.02 | (0.07) | 0.21 | 0.84 | 1.74 | 3.27 | |||
| SENEB | 1.21 | 0.21 | 0.04 | 6.48 | 1.24 | 3.42 | 11.90 | |||
| LANC | 1.18 | 0.02 | 0.01 | 0.14 | 1.54 | 3.43 | 9.59 |
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.
| 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?
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