Traeger Correlations

COOK Stock

USD 1.88 0.08 4.08%

The current 90-days correlation between Traeger and Purple Innovation is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Traeger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Traeger moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Traeger Correlation With Market

Weak diversification

The correlation between Traeger and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Traeger and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Traeger Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Traeger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For more information on how to buy Traeger Stock please use our How to buy in Traeger Stock guide.

Moving together with Traeger Stock

0.71	FLXS	Flexsteel Industries	Pair Corr
0.7	SGI	Somnigroup International Symbol Change	Pair Corr
0.85	WHR	Whirlpool Earnings Call This Week	Pair Corr
0.67	IRBT	iRobot	Pair Corr
0.68	KEQU	Kewaunee Scientific	Pair Corr
0.8	LCUT	Lifetime Brands	Pair Corr
0.78	PATK	Patrick Industries	Pair Corr
0.61	W	Wayfair	Pair Corr
0.61	DIBS	1StdibsCom	Pair Corr

Moving against Traeger Stock

0.78	MWYN	Marwynn Holdings, Common	Pair Corr
0.73	NCL	Northann Corp	Pair Corr
0.73	OESX	Orion Energy Systems	Pair Corr
0.57	NTZ	Natuzzi SpA	Pair Corr
0.56	LZB	La Z Boy	Pair Corr
0.56	LOVE	Lovesac	Pair Corr
0.56	GV	Visionary Education	Pair Corr
0.5	ATER	Aterian	Pair Corr
0.49	AMWD	American Woodmark	Pair Corr
0.45	JZ	Jianzhi Education	Pair Corr
0.34	CRWS	Crown Crafts	Pair Corr

Related Correlations Analysis

	PRPL	HBB	ETD	LCUT	CURV	FXLV	MCW	TDUP	XPOF
PRPL		-0.09	-0.32	-0.33	0.15	0.0	0.4	0.5	0.19	PRPL
HBB	-0.09		0.41	0.4	-0.31	0.0	-0.3	0.04	0.27	HBB
ETD	-0.32	0.41		0.67	-0.41	0.0	-0.2	-0.08	0.38	ETD
LCUT	-0.33	0.4	0.67		-0.86	0.0	-0.61	0.24	0.2	LCUT
CURV	0.15	-0.31	-0.41	-0.86		0.0	0.65	-0.48	-0.22	CURV
FXLV	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FXLV
MCW	0.4	-0.3	-0.2	-0.61	0.65	0.0		-0.5	0.09	MCW
TDUP	0.5	0.04	-0.08	0.24	-0.48	0.0	-0.5		0.22	TDUP
XPOF	0.19	0.27	0.38	0.2	-0.22	0.0	0.09	0.22		XPOF
	PRPL	HBB	ETD	LCUT	CURV	FXLV	MCW	TDUP	XPOF

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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

LCUT	+ 0.67	ETD
MCW	+ 0.65	CURV
TDUP	+ 0.5	PRPL
ETD	+ 0.41	HBB
MCW	+ 0.4	PRPL
LCUT	+ 0.4	HBB

High negative correlations

CURV	- 0.86	LCUT
MCW	- 0.61	LCUT
TDUP	- 0.5	MCW
TDUP	- 0.48	CURV
CURV	- 0.41	ETD
LCUT	- 0.33	PRPL

Risk-Adjusted Indicators

There is a big difference between Traeger Stock performing well and Traeger 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 Traeger'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
PRPL	3.94	0.21	0.07	0.25	3.71	(5.32)	10.81	(6.02)	27.88
HBB	2.67	(0.21)	0.00	0.05	4.84	(2.74)	4.70	(4.84)	32.31
ETD	1.69	(0.01)	0.02	0.12	2.48	(1.83)	3.89	(2.26)	15.26
LCUT	4.57	0.10	0.07	0.17	4.14	(5.69)	12.06	(6.65)	23.76
CURV	3.27	(1.04)	0.00	(0.72)	0.00	0.00	4.49	(5.20)	44.10
FXLV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCW	1.79	(0.26)	0.00	(0.07)	0.00	0.00	4.12	(3.17)	14.88
TDUP	3.65	1.48	0.42	(32.37)	2.42	(4.61)	6.38	(4.97)	56.08
XPOF	3.61	0.42	0.15	0.31	3.50	(4.31)	6.04	(6.44)	42.02

Traeger Corporate Management

Elizabeth Lempres	Independent Director	Profile
Raul Alvarez	Lead Independent Director	Profile
James Hardy	Chief Supply Chain Officer	Profile
Daniel James	Independent Director	Profile
Cole Akker	Chief Officer	Profile
Thomas Burton	General Counsel	Profile
Martin Eltrich	Independent Director	Profile

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