Gfl Environmental Correlations

GFL Stock

USD 48.38 0.61 1.28%

The current 90-days correlation between Gfl Environmental and Clean Harbors is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gfl Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gfl Environmental Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gfl Environmental Correlation With Market

Modest diversification

The correlation between Gfl Environmental Holdings and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gfl Environmental Holdings 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 Gfl Environmental 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 census.

Moving together with Gfl Stock

0.62	KC	Kingsoft Cloud Holdings	Pair Corr
0.64	VRSK	Verisk Analytics	Pair Corr
0.65	VSEC	VSE Corporation	Pair Corr
0.66	EEFT	Euronet Worldwide	Pair Corr
0.69	ESGL	ESGL Holdings Limited	Pair Corr
0.72	ACU	Acme United	Pair Corr

Moving against Gfl Stock

0.85	DLHC	DLH Holdings Corp	Pair Corr
0.65	VCIG	VCI Global Limited	Pair Corr
0.6	VLTO	Veralto	Pair Corr
0.58	FC	Franklin Covey	Pair Corr
0.55	BV	BrightView Holdings	Pair Corr
0.49	FA	First Advantage Corp	Pair Corr
0.35	VIRC	Virco Manufacturing Earnings Call Next Week	Pair Corr
0.81	EXPO	Exponent	Pair Corr
0.8	FORR	Forrester Research	Pair Corr
0.78	WFCF	Where Food Comes	Pair Corr
0.78	AXR	AMREP	Pair Corr
0.75	AWX	Avalon Holdings	Pair Corr
0.75	CIX	CompX International	Pair Corr
0.64	CLH	Clean Harbors	Pair Corr
0.61	ABM	ABM Industries	Pair Corr
0.61	BCO	Brinks Company	Pair Corr
0.59	BRC	Brady	Pair Corr
0.56	CBZ	CBIZ Inc	Pair Corr
0.36	BTM	Bitcoin Depot	Pair Corr
0.8	DLX	Deluxe	Pair Corr
0.76	JOB	GEE Group	Pair Corr
0.75	HNI	HNI Corp	Pair Corr
0.69	EFX	Equifax	Pair Corr
0.69	FCN	FTI Consulting	Pair Corr
0.68	FVRR	Fiverr International	Pair Corr

Related Correlations Analysis

	SRCL	HCCI	CLH	HSC	WCN	RSG	CWST	WM	MEG
SRCL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SRCL
HCCI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HCCI
CLH	0.0	0.0		0.0	-0.55	-0.77	-0.2	-0.61	0.67	CLH
HSC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HSC
WCN	0.0	0.0	-0.55	0.0		0.93	0.25	0.95	-0.33	WCN
RSG	0.0	0.0	-0.77	0.0	0.93		0.31	0.94	-0.45	RSG
CWST	0.0	0.0	-0.2	0.0	0.25	0.31		0.31	-0.34	CWST
WM	0.0	0.0	-0.61	0.0	0.95	0.94	0.31		-0.33	WM
MEG	0.0	0.0	0.67	0.0	-0.33	-0.45	-0.34	-0.33		MEG
	SRCL	HCCI	CLH	HSC	WCN	RSG	CWST	WM	MEG

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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

WM	+ 0.95	WCN
WM	+ 0.94	RSG
RSG	+ 0.93	WCN
MEG	+ 0.67	CLH
CWST	+ 0.31	RSG
WM	+ 0.31	CWST

High negative correlations

RSG	- 0.77	CLH
WM	- 0.61	CLH
WCN	- 0.55	CLH
MEG	- 0.45	RSG
MEG	- 0.34	CWST
MEG	- 0.33	WM

Risk-Adjusted Indicators

There is a big difference between Gfl Stock performing well and Gfl Environmental 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 Gfl Environmental'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
SRCL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HCCI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLH	1.14	(0.21)	0.00	(2.95)	0.00	0.00	2.10	(3.04)	7.28
HSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WCN	0.76	0.18	0.29	(0.55)	0.56	(0.84)	1.94	(1.12)	5.46
RSG	0.77	0.25	0.39	(0.75)	0.47	(0.94)	1.93	(1.22)	4.88
CWST	1.30	0.18	0.15	0.25	1.21	(1.60)	3.12	(1.87)	7.44
WM	0.74	0.23	0.26	0.38	0.63	(0.77)	1.58	(1.56)	8.07
MEG	3.55	(0.36)	0.00	(2.33)	0.00	0.00	6.35	(7.61)	48.62

Gfl Environmental Corporate Management

Mark Bouldin	Area Vice President Liquid Waste U.S	Profile
Dino Chiesa	Lead Independent Director	Profile
Blake Sumler	Independent Director	Profile
Arun Nayar	Independent Director	Profile

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