Edible Garden Correlations

EDBLW Stock

USD 0.01 0 16.00%

The current 90-days correlation between Edible Garden AG and Edible Garden AG is 0.01 (i.e., Significant diversification). The correlation of Edible Garden 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.

Edible Garden Correlation With Market

Good diversification

The correlation between Edible Garden AG and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Edible Garden AG and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edible Garden AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Related Correlations Analysis

	EDBL	IVDAW	ACONW	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX
EDBL		0.52	-0.04	0.0	-0.76	-0.7	-0.17	0.31	-0.21	-0.54	EDBL
IVDAW	0.52		0.0	0.0	-0.26	-0.4	0.04	0.25	-0.4	-0.21	IVDAW
ACONW	-0.04	0.0		0.0	0.0	-0.18	-0.06	0.03	-0.15	-0.07	ACONW
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	-0.76	-0.26	0.0	0.0		0.67	0.34	-0.02	-0.08	0.81	MSTSX
LBHIX	-0.7	-0.4	-0.18	0.0	0.67		0.51	-0.29	0.22	0.69	LBHIX
ABHYX	-0.17	0.04	-0.06	0.0	0.34	0.51		-0.05	-0.17	0.41	ABHYX
SCAXF	0.31	0.25	0.03	0.0	-0.02	-0.29	-0.05		-0.8	-0.07	SCAXF
VIASP	-0.21	-0.4	-0.15	0.0	-0.08	0.22	-0.17	-0.8		0.01	VIASP
RRTLX	-0.54	-0.21	-0.07	0.0	0.81	0.69	0.41	-0.07	0.01		RRTLX
	EDBL	IVDAW	ACONW	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX

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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

RRTLX	+ 0.81	MSTSX
RRTLX	+ 0.69	LBHIX
LBHIX	+ 0.67	MSTSX
IVDAW	+ 0.52	EDBL
ABHYX	+ 0.51	LBHIX
RRTLX	+ 0.41	ABHYX

High negative correlations

VIASP	- 0.8	SCAXF
MSTSX	- 0.76	EDBL
LBHIX	- 0.7	EDBL
RRTLX	- 0.54	EDBL
VIASP	- 0.4	IVDAW
LBHIX	- 0.4	IVDAW

Risk-Adjusted Indicators

There is a big difference between Edible Stock performing well and Edible Garden 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 Edible Garden'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
EDBL	6.03	(2.82)	0.00	(1.35)	0.00	0.00	6.67	(16.05)	44.61
IVDAW	32.40	9.59	0.28	(3.84)	24.20	(45.74)	79.73	(49.37)	267.47
ACONW	5.64	0.85	0.05	(0.25)	6.48	(13.85)	27.09	(15.28)	58.58
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
RRTLX	0.23	0.00	(0.34)	0.13	0.26	(0.26)	0.48	(0.56)	1.36

Edible Garden Corporate Management

Michael James	Treasurer, CFO	Profile
Kostas Dafoulas	Interim Officer	Profile
Amanda Caton	Head Grower	Profile
Scott Prendergrast	Chief Officer	Profile
Scott Prendergast	Chief Officer	Profile
Chanida Curnutt	Senior Compliance	Profile

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