TDH Holdings Correlations

PETZ Stock

USD 1.19 0.02 1.71%

The current 90-days correlation between TDH Holdings and Bit Origin is 0.04 (i.e., Significant diversification). The correlation of TDH Holdings 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.

TDH Holdings Correlation With Market

Significant diversification

The correlation between TDH Holdings and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TDH Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in TDH 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 estimate.

For more information on how to buy TDH Stock please use our How to Invest in TDH Holdings guide.

Moving against TDH Stock

0.67	BTI	British American Tobacco	Pair Corr
0.65	TR	Tootsie Roll Industries	Pair Corr
0.56	WEST	Westrock Coffee	Pair Corr
0.51	BOF	BranchOut Food Common	Pair Corr
0.46	EDBL	Edible Garden AG	Pair Corr
0.44	FARM	Farmer Bros	Pair Corr
0.36	FLO	Flowers Foods Sell-off Trend	Pair Corr
0.33	MO	Altria Group	Pair Corr
0.31	BON	Bon Natural Life	Pair Corr
0.56	TSN	Tyson Foods	Pair Corr
0.43	STZ	Constellation Brands	Pair Corr
0.38	KLG	WK Kellogg	Pair Corr
0.36	HRL	Hormel Foods	Pair Corr
0.36	UTZ	Utz Brands	Pair Corr
0.34	UVV	Universal	Pair Corr

Related Correlations Analysis

	BTOG	LSF	PLAG	SNAX	PFODF	SENEA	CENTA	CENT	NATR	ASBFF
BTOG		-0.77	-0.67	0.67	-0.66	-0.77	-0.4	-0.45	-0.67	0.78	BTOG
LSF	-0.77		0.65	-0.78	0.81	0.79	0.3	0.36	0.76	-0.84	LSF
PLAG	-0.67	0.65		-0.66	0.53	0.59	0.13	0.17	0.51	-0.61	PLAG
SNAX	0.67	-0.78	-0.66		-0.53	-0.55	-0.04	-0.1	-0.41	0.74	SNAX
PFODF	-0.66	0.81	0.53	-0.53		0.78	0.58	0.61	0.91	-0.67	PFODF
SENEA	-0.77	0.79	0.59	-0.55	0.78		0.66	0.71	0.87	-0.86	SENEA
CENTA	-0.4	0.3	0.13	-0.04	0.58	0.66		1.0	0.72	-0.49	CENTA
CENT	-0.45	0.36	0.17	-0.1	0.61	0.71	1.0		0.75	-0.55	CENT
NATR	-0.67	0.76	0.51	-0.41	0.91	0.87	0.72	0.75		-0.68	NATR
ASBFF	0.78	-0.84	-0.61	0.74	-0.67	-0.86	-0.49	-0.55	-0.68		ASBFF
	BTOG	LSF	PLAG	SNAX	PFODF	SENEA	CENTA	CENT	NATR	ASBFF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
NATR	+ 0.91	PFODF
NATR	+ 0.87	SENEA
PFODF	+ 0.81	LSF
SENEA	+ 0.79	LSF
ASBFF	+ 0.78	BTOG

High negative correlations

ASBFF	- 0.86	SENEA
ASBFF	- 0.84	LSF
SNAX	- 0.78	LSF
SENEA	- 0.77	BTOG
LSF	- 0.77	BTOG
ASBFF	- 0.68	NATR

Risk-Adjusted Indicators

There is a big difference between TDH Stock performing well and TDH 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 TDH 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BTOG	5.10	(0.56)	0.00	(1.02)	0.00	0.00	11.49	(13.37)	33.17
LSF	4.57	1.62	0.29	(1.73)	3.84	(5.45)	15.66	(7.63)	34.96
PLAG	7.38	1.41	0.10	(0.39)	8.14	(9.78)	25.42	(13.62)	65.79
SNAX	4.55	(0.78)	0.00	(0.56)	0.00	0.00	10.13	(8.42)	58.01
PFODF	0.65	0.24	0.00	30.66	0.00	0.00	0.00	0.00	26.69
SENEA	1.18	0.21	0.11	0.34	1.43	(1.31)	2.87	(1.85)	11.87
CENTA	1.33	(0.03)	(0.01)	0.09	1.41	(1.48)	2.81	(2.72)	6.82
CENT	1.31	0.01	0.01	0.12	1.38	(1.48)	2.81	(2.33)	6.39
NATR	2.09	0.12	0.11	0.17	1.82	(2.50)	6.11	(2.99)	22.72
ASBFF	0.31	(0.14)	0.00	0.65	0.00	0.00	0.00	0.00	6.28

TDH Holdings Corporate Executives

Elected by the shareholders, the TDH Holdings' board of directors comprises two types of representatives: TDH Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TDH. The board's role is to monitor TDH Holdings' management team and ensure that shareholders' interests are well served. TDH Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TDH Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Feng Zhang

Corporate CFO

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC