Green Dot Correlations

GDOT Stock

USD 10.68 0.01 0.09%

The current 90-days correlation between Green Dot and PRA Group is 0.02 (i.e., Significant diversification). The correlation of Green Dot 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.

Green Dot Correlation With Market

Average diversification

The correlation between Green Dot and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Dot and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Green Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Green Dot. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

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

Moving together with Green Stock

0.61	GS	Goldman Sachs Group	Pair Corr
0.63	AXP	American Express Earnings Call Tomorrow	Pair Corr
0.71	ALLY	Ally Financial Earnings Call Tomorrow	Pair Corr
0.63	TPVG	Triplepoint Venture	Pair Corr
0.61	C	Citigroup Aggressive Push	Pair Corr
0.61	L	Loews Corp	Pair Corr
0.72	DHIL	Diamond Hill Investment	Pair Corr
0.63	BX	Blackstone Group Normal Trading	Pair Corr
0.65	CG	Carlyle Group Earnings Call This Week	Pair Corr

Moving against Green Stock

0.36	PSEC	Prospect Capital	Pair Corr
0.34	CGBD	Carlyle Secured Lending	Pair Corr
0.59	FG	FG Annuities Life	Pair Corr
0.47	EG	Everest Group	Pair Corr
0.36	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	PRAA	CPSS	NNI	FCFS	ENVA	GWRE	EVTC	AX	TRUP
PRAA		-0.33	-0.38	0.09	0.07	-0.39	-0.56	-0.24	-0.51	PRAA
CPSS	-0.33		0.65	0.46	0.58	0.67	0.39	0.61	0.84	CPSS
NNI	-0.38	0.65		0.13	0.63	0.32	0.44	0.65	0.76	NNI
FCFS	0.09	0.46	0.13		0.61	0.44	0.34	0.64	0.29	FCFS
ENVA	0.07	0.58	0.63	0.61		0.34	0.18	0.87	0.47	ENVA
GWRE	-0.39	0.67	0.32	0.44	0.34		0.63	0.57	0.66	GWRE
EVTC	-0.56	0.39	0.44	0.34	0.18	0.63		0.51	0.5	EVTC
AX	-0.24	0.61	0.65	0.64	0.87	0.57	0.51		0.58	AX
TRUP	-0.51	0.84	0.76	0.29	0.47	0.66	0.5	0.58		TRUP
	PRAA	CPSS	NNI	FCFS	ENVA	GWRE	EVTC	AX	TRUP

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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

AX	+ 0.87	ENVA
TRUP	+ 0.84	CPSS
TRUP	+ 0.76	NNI
GWRE	+ 0.67	CPSS
TRUP	+ 0.66	GWRE
NNI	+ 0.65	CPSS

High negative correlations

EVTC	- 0.56	PRAA
TRUP	- 0.51	PRAA
GWRE	- 0.39	PRAA
NNI	- 0.38	PRAA
CPSS	- 0.33	PRAA
AX	- 0.24	PRAA

Risk-Adjusted Indicators

There is a big difference between Green Stock performing well and Green Dot 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 Green Dot'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
PRAA	2.48	(0.43)	0.00	(0.01)	0.00	0.00	4.49	(3.17)	34.54
CPSS	1.91	0.07	0.03	0.23	2.31	(2.00)	3.71	(3.30)	13.70
NNI	1.08	0.09	0.04	0.27	1.23	(1.14)	2.30	(2.31)	9.36
FCFS	0.97	0.07	(0.02)	0.31	0.86	(1.09)	2.32	(1.46)	11.39
ENVA	1.53	0.15	0.09	0.28	1.77	(1.71)	3.76	(2.48)	11.70
GWRE	1.27	0.17	0.06	0.46	1.24	(1.40)	2.70	(2.21)	20.07
EVTC	1.15	(0.14)	(0.08)	0.02	1.62	(1.06)	2.35	(2.57)	6.43
AX	1.40	0.39	0.27	0.50	0.95	(1.66)	3.18	(1.86)	9.51
TRUP	2.21	0.44	0.24	0.48	1.53	(2.70)	4.05	(2.60)	28.12

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