Great Elm Correlations

GEGGL Stock

USD 23.81 0.43 1.77%

The current 90-days correlation between Great Elm Group and Visa Class A is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Great Elm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Elm Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Great Elm Correlation With Market

Good diversification

The correlation between Great Elm Group and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great Elm Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Great Stock

0.55	XP	Xp Inc Sell-off Trend	Pair Corr
0.48	LU	Lufax Holding	Pair Corr
0.45	WU	Western Union	Pair Corr
0.58	BRACU	Broad Capital Acquisition	Pair Corr
0.48	EMCGU	Embrace Change Acqui	Pair Corr
0.45	LGHLW	Lion Financial Group	Pair Corr
0.37	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.35	BRKHU	BurTech Acquisition Corp Downward Rally	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.53	0.93	0.45	0.49	0.88	0.89	0.8	-0.1	0.71	V
DHIL	0.53		0.51	0.21	0.29	0.67	0.67	0.49	-0.28	0.36	DHIL
DIST	0.93	0.51		0.3	0.39	0.88	0.85	0.73	-0.1	0.69	DIST
AB	0.45	0.21	0.3		0.75	0.38	0.53	0.7	-0.08	0.32	AB
AC	0.49	0.29	0.39	0.75		0.5	0.59	0.76	0.09	0.36	AC
BN	0.88	0.67	0.88	0.38	0.5		0.9	0.82	0.02	0.76	BN
BX	0.89	0.67	0.85	0.53	0.59	0.9		0.89	-0.14	0.72	BX
CG	0.8	0.49	0.73	0.7	0.76	0.82	0.89		0.01	0.56	CG
DB	-0.1	-0.28	-0.1	-0.08	0.09	0.02	-0.14	0.01		0.19	DB
DX	0.71	0.36	0.69	0.32	0.36	0.76	0.72	0.56	0.19		DX
	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX

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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

DIST	+ 0.93	V
BX	+ 0.9	BN
BX	+ 0.89	V
CG	+ 0.89	BX
BN	+ 0.88	V
BN	+ 0.88	DIST

High negative correlations

DB	- 0.28	DHIL
DB	- 0.14	BX
DB	- 0.1	DIST
DB	- 0.1	V
DB	- 0.08	AB

Risk-Adjusted Indicators

There is a big difference between Great Stock performing well and Great Elm 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 Great Elm'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
V	0.83	0.13	0.09	0.19	1.16	(0.88)	1.65	(1.43)	7.49
DHIL	1.21	(0.11)	0.00	(0.04)	0.00	0.00	2.20	(2.64)	10.43
DIST	0.19	0.04	0.00	(2.52)	0.26	(0.40)	0.45	(0.18)	3.45
AB	1.20	0.09	0.07	0.16	1.14	(1.45)	2.84	(2.14)	7.82
AC	1.29	0.10	0.04	0.18	1.85	(1.31)	3.00	(2.64)	12.09
BN	1.15	0.09	0.07	0.11	1.41	(1.26)	2.30	(1.89)	9.51
BX	1.37	0.13	0.08	0.12	1.68	(1.44)	3.21	(2.84)	12.51
CG	1.50	0.22	0.14	0.14	1.53	(1.69)	4.10	(3.08)	15.08
DB	1.23	0.01	0.00	0.06	1.48	(1.30)	2.99	(2.44)	6.86
DX	0.71	0.04	0.02	0.13	0.93	(0.70)	1.13	(1.47)	3.83

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