Glass House Correlations
| GLASF Stock | USD 8.72 0.48 5.22% |
The correlation of Glass House 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.
Glass House Correlation With Market
Poor diversification
The correlation between Glass House Brands and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Glass House Brands and DJI in the same portfolio, assuming nothing else is changed.
Glass |
The ability to find closely correlated positions to Glass House could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Glass House 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 Glass House - 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 Glass House Brands to buy it.
Moving together with Glass OTC Stock
| 0.68 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.65 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.69 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.62 | TKPHF | Takeda Pharmaceutical | PairCorr |
| 0.64 | HLN | Haleon plc Aggressive Push | PairCorr |
| 0.67 | TEVA | Teva Pharmaceutical | PairCorr |
| 0.73 | TEVA | Teva Pharma Industries Aggressive Push | PairCorr |
| 0.69 | F | Ford Motor | PairCorr |
| 0.78 | AA | Alcoa Corp | PairCorr |
| 0.64 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.71 | DIS | Walt Disney | PairCorr |
| 0.75 | BA | Boeing | PairCorr |
Moving against Glass OTC Stock
| 0.57 | GRAB | Grab Holdings | PairCorr |
| 0.54 | HPQ | HP Inc | PairCorr |
| 0.49 | NIO | Nio Class A Buyout Trend | PairCorr |
| 0.53 | MMM | 3M Company | PairCorr |
| 0.49 | MSFT | Microsoft | PairCorr |
| 0.34 | T | ATT Inc Aggressive Push | PairCorr |
Related Correlations Analysis
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 Glass OTC Stock performing well and Glass House OTC Stock 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 Glass House'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGYTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VRNOF | 7.41 | 0.50 | 0.05 | 0.48 | 9.01 | 13.79 | 116.00 | |||
| MNFSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JCRRF | 10.60 | (1.10) | 0.00 | 12.62 | 0.00 | 32.28 | 22.76 | |||
| BOIRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRLBF | 7.15 | 0.45 | 0.05 | 1.83 | 8.08 | 14.49 | 120.83 | |||
| ELTP | 2.23 | (0.73) | 0.00 | (0.85) | 0.00 | 4.26 | 19.71 | |||
| HUMDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KHTRF | 0.36 | 0.05 | 0.02 | 1.74 | 0.33 | 1.67 | 4.50 | |||
| LBLTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Glass House Corporate Management
Elected by the shareholders, the Glass House's board of directors comprises two types of representatives: Glass House inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Glass. The board's role is to monitor Glass House's management team and ensure that shareholders' interests are well served. Glass House's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Glass House's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Erik Thoreson | Chief Officer | Profile | |
| Benjamin Vega | Gen Sec | Profile | |
| Kyle Kazan | Chairman Cofounder | Profile | |
| Jocelyn Rosenwald | Cofounder Director | Profile | |
| Francesca Brooks | VP HR | Profile | |
| John CFA | VP Relations | Profile | |
| Graham Farrar | Pres Cofounder | Profile |