Target Hospitality Correlations
| THWWWDelisted Stock | USD 2.84 0.01 0.35% |
The current 90-days correlation between Target Hospitality Corp and Hall of Fame is 0.09 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Target Hospitality Correlation With Market
Good diversification
The correlation between Target Hospitality Corp and DJI is -0.04 (i.e., Good 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.
Target |
Moving together with Target Stock
Moving against Target Stock
Related Correlations Analysis
| 0.0 | -0.44 | 0.34 | 0.17 | HOFVW | ||
| 0.0 | 0.0 | 0.0 | 0.0 | EDTXW | ||
| -0.44 | 0.0 | -0.17 | -0.32 | CRTDW | ||
| 0.34 | 0.0 | -0.17 | -0.03 | VIIAW | ||
| 0.17 | 0.0 | -0.32 | -0.03 | NRACW | ||
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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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HOFVW | 17.62 | 3.54 | 0.13 | (1.20) | 19.95 | 49.09 | 137.86 | |||
| EDTXW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRTDW | 26.89 | 1.31 | 0.05 | 0.36 | 26.27 | 81.60 | 246.78 | |||
| VIIAW | 14.69 | 3.65 | 0.13 | (7.51) | 15.67 | 27.84 | 220.00 | |||
| NRACW | 22.87 | 3.52 | 0.13 | 1.88 | 21.47 | 66.67 | 145.37 |
Target Hospitality 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 Target Hospitality stock to make a market-neutral strategy. Peer analysis of Target Hospitality could also be used in its relative valuation, which is a method of valuing Target Hospitality by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Target Hospitality Corporate Management
| Heidi Lewis | General VP | Profile | |
| Andrew Aberdale | Advisor | Profile | |
| Danny Handshoe | Senior Services | Profile | |
| Margarita Salazar | Vice Resources | Profile | |
| Mark Schuck | Senior Planning | Profile |
Still Interested in Target Hospitality Corp?
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