Green Leaf Correlations
| GRLF Stock | USD 0.04 0.01 27.38% |
The current 90-days correlation between Green Leaf Innovations and Pure Harvest Cannabis is 0.08 (i.e., Significant diversification). The correlation of Green Leaf 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.
Green Leaf Correlation With Market
Pay attention - limited upside
The correlation between Green Leaf Innovations and DJI is -0.76 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Leaf Innovations and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Green Leaf could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Green Leaf 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 Green Leaf - 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 Green Leaf Innovations to buy it.
Moving together with Green Pink Sheet
Moving against Green Pink Sheet
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| 0.7 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.69 | WZZZY | Wizz Air Holdings | PairCorr |
| 0.68 | MOG-A | Moog Inc | PairCorr |
| 0.67 | FMFP | First Community Financial | PairCorr |
| 0.67 | ASX | ASE Industrial Holding | PairCorr |
| 0.66 | CMTV | Community Bancorp Common | PairCorr |
| 0.66 | BCO | Brinks Company | PairCorr |
| 0.65 | TFC | Truist Financial Corp | PairCorr |
| 0.63 | EC | Ecopetrol SA ADR Earnings Call This Week | PairCorr |
| 0.6 | TRP | TC Energy Corp | PairCorr |
| 0.6 | WEJTY | Webjet Limited | PairCorr |
| 0.54 | ASHTF | Ashtead Group plc | PairCorr |
| 0.52 | PRTS | CarPartsCom Earnings Call This Week | PairCorr |
| 0.51 | OXY | Occidental Petroleum Aggressive Push | PairCorr |
| 0.5 | BKRKY | Bank Rakyat | PairCorr |
| 0.5 | TKO | TKO Group Holdings Earnings Call This Week | PairCorr |
| 0.49 | CAPL | Crossamerica Partners | PairCorr |
| 0.39 | RDNW | RideNow Group Symbol Change | PairCorr |
| 0.32 | PTAIY | Astra International Tbk | PairCorr |
| 0.74 | PDER | Pardee Resources | PairCorr |
| 0.74 | ESCA | Escalade Incorporated | PairCorr |
| 0.73 | ICAGY | International Consolidated | PairCorr |
| 0.7 | ARNI | Arno Therapeutics | PairCorr |
| 0.7 | TWODF | Taylor Wimpey plc Earnings Call This Week | PairCorr |
| 0.69 | CMI | Cummins | PairCorr |
| 0.68 | ENBP | ENB Financial Corp | PairCorr |
| 0.66 | GL-PD | Globe Life 425 | PairCorr |
| 0.59 | ALL-PB | Allstate | PairCorr |
| 0.59 | E | Eni SpA ADR | 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 Green Pink Sheet performing well and Green Leaf 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 Leaf'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IDCN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CATV | 11.70 | 2.74 | 0.00 | 7.03 | 0.00 | 50.00 | 150.00 | |||
| PHCG | 10.80 | 1.49 | 0.06 | (1.44) | 10.47 | 28.57 | 122.22 | |||
| STMH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NPHC | 20.88 | 6.56 | 0.11 | 26.77 | 18.05 | 100.00 | 266.67 | |||
| CNTRF | 4.59 | 0.99 | 0.00 | (0.24) | 0.00 | 0.00 | 153.37 | |||
| ELLXF | 38.16 | 12.83 | 0.25 | (11.58) | 25.69 | 145.71 | 296.84 | |||
| CSUI | 15.79 | 4.02 | 0.10 | (11.51) | 15.62 | 50.00 | 295.56 | |||
| VIBEF | 2.05 | (0.46) | 0.00 | (0.23) | 0.00 | 0.00 | 32.50 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Green Leaf 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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