22nd Century Correlations
| XXII Stock | USD 1.73 0.10 5.46% |
The correlation of 22nd Century 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 22nd Century moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 22nd Century Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between 22nd Century Group and NYA is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 22nd Century Group and NYA in the same portfolio, assuming nothing else is changed.
22nd |
The ability to find closely correlated positions to 22nd Century could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 22nd Century when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 22nd Century - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 22nd Century Group to buy it.
Moving together with 22nd Stock
| 0.74 | BON | Bon Natural Life Earnings Call Today | PairCorr |
| 0.68 | SAM | Boston Beer | PairCorr |
| 0.69 | SJM | JM Smucker Financial Report 4th of June 2024 | PairCorr |
| 0.75 | HPCO | Hempacco Report 10th of May 2024 | PairCorr |
Moving against 22nd Stock
| 0.75 | PPC | Pilgrims Pride Corp Earnings Call This Week | PairCorr |
| 0.6 | TSN | Tyson Foods Earnings Call This Week | PairCorr |
| 0.56 | LMNR | Limoneira Financial Report 4th of June 2024 | PairCorr |
| 0.51 | TPB | Turning Point Brands Earnings Call This Week | PairCorr |
| 0.48 | TAP | Molson Coors Brewing Financial Report 7th of May 2024 | 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 22nd Stock performing well and 22nd Century 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 22nd Century'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HPCO | 4.23 | (1.82) | 0.00 | (0.71) | 0.00 | 9.52 | 34.29 | |||
| TPB | 1.51 | 0.17 | 0.05 | 1.28 | 1.71 | 2.95 | 10.28 | |||
| GGII | 10.23 | 0.85 | 0.07 | 0.27 | 9.03 | 16.67 | 120.00 | |||
| IMBBY | 0.92 | (0.11) | 0.00 | (0.07) | 0.00 | 1.71 | 6.93 | |||
| KAVL | 10.63 | 2.25 | 0.21 | (1.38) | 8.82 | 15.38 | 168.34 | |||
| CBDW | 11.69 | (0.17) | 0.00 | (0.01) | 0.00 | 22.45 | 105.80 | |||
| PHJMF | 3.91 | (0.42) | 0.00 | (0.10) | 0.00 | 19.76 | 42.75 | |||
| PYYX | 6.12 | 1.29 | 0.11 | 8.34 | 5.89 | 23.00 | 79.21 | |||
| GNLN | 5.47 | 0.81 | 0.11 | (2.26) | 5.41 | 15.79 | 42.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 22nd Century without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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22nd Century Corporate Directors
22nd Century corporate directors refer to members of a 22nd Century board of directors. The board of directors generally takes responsibility for the 22nd Century's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of 22nd Century's board members must vote for the resolution. The 22nd Century board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Richard Sanders | Director | Profile | |
| James Cornell | Independent Director | Profile | |
| Nora Sullivan | Director | Profile | |
| Joseph Dunn | Independent Director | Profile |
Already Invested in 22nd Century Group?
The danger of trading 22nd Century Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of 22nd Century is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than 22nd Century. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile 22nd Century Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether 22nd Century Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 22nd Century's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of 22nd Century Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on 22nd Century Group Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 22nd Century Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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When running 22nd Century's price analysis, check to measure 22nd Century's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 22nd Century is operating at the current time. Most of 22nd Century's value examination focuses on studying past and present price action to predict the probability of 22nd Century's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 22nd Century's price. Additionally, you may evaluate how the addition of 22nd Century to your portfolios can decrease your overall portfolio volatility.
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Is 22nd Century's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 22nd Century. If investors know 22nd will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 22nd Century listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (49.92) | Revenue Per Share 16.834 | Quarterly Revenue Growth (0.02) | Return On Assets (0.37) | Return On Equity (1.25) |
The market value of 22nd Century Group is measured differently than its book value, which is the value of 22nd that is recorded on the company's balance sheet. Investors also form their own opinion of 22nd Century's value that differs from its market value or its book value, called intrinsic value, which is 22nd Century's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 22nd Century's market value can be influenced by many factors that don't directly affect 22nd Century's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 22nd Century's value and its price as these two are different measures arrived at by different means. Investors typically determine if 22nd Century is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 22nd Century's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.