Flora Growth Correlations
| FLGC Stock | USD 1.35 0.13 10.66% |
The current 90-days correlation between Flora Growth Corp and Catalent is -0.31 (i.e., Very good diversification). The correlation of Flora Growth 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.
Flora Growth Correlation With Market
Good diversification
The correlation between Flora Growth Corp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flora Growth Corp and DJI in the same portfolio, assuming nothing else is changed.
Flora |
Moving together with Flora Stock
| 0.7 | VRDN | Viridian Therapeutics | PairCorr |
| 0.71 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.78 | NTRB | Nutriband | PairCorr |
| 0.67 | ALVO | Alvotech | PairCorr |
| 0.87 | BMEA | Biomea Fusion | PairCorr |
| 0.71 | SSNLF | Samsung Electronics | PairCorr |
Moving against Flora Stock
| 0.74 | STOK | Stoke Therapeutics | PairCorr |
| 0.73 | VRPX | Virpax Pharmaceuticals | PairCorr |
| 0.65 | VRAX | Virax Biolabs Group | PairCorr |
| 0.62 | BDRX | Biodexa Pharmaceticals | PairCorr |
| 0.49 | XFOR | X4 Pharmaceuticals | PairCorr |
| 0.49 | KURA | Kura Oncology | PairCorr |
| 0.46 | LGVN | Longeveron LLC | PairCorr |
| 0.46 | REVB | Revelation Biosciences | PairCorr |
| 0.4 | CYTK | Cytokinetics | PairCorr |
| 0.38 | DYN | Dyne Therapeutics | PairCorr |
| 0.36 | RNXT | RenovoRx | PairCorr |
| 0.33 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.35 | BKRKF | PT Bank Rakyat | PairCorr |
Related Correlations Analysis
| -0.09 | 0.16 | 0.25 | 0.57 | -0.23 | CTLT | ||
| -0.09 | 0.28 | 0.0 | 0.09 | 0.4 | AMPH | ||
| 0.16 | 0.28 | 0.4 | 0.52 | -0.07 | ANIP | ||
| 0.25 | 0.0 | 0.4 | 0.06 | 0.23 | ALKS | ||
| 0.57 | 0.09 | 0.52 | 0.06 | -0.59 | RDY | ||
| -0.23 | 0.4 | -0.07 | 0.23 | -0.59 | PCRX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Flora Stock performing well and Flora Growth 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 Flora Growth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CTLT | 0.39 | (0.05) | 0.00 | (0.05) | 0.00 | 0.72 | 3.36 | |||
| AMPH | 1.58 | (0.15) | 0.00 | (0.04) | 0.00 | 3.37 | 17.30 | |||
| ANIP | 1.83 | (0.25) | 0.00 | (0.11) | 0.00 | 3.70 | 10.82 | |||
| ALKS | 1.70 | (0.14) | (0.04) | 0.00 | 2.11 | 4.14 | 9.74 | |||
| RDY | 0.95 | (0.31) | 0.00 | (0.25) | 0.00 | 1.46 | 6.89 | |||
| PCRX | 1.88 | 0.23 | 0.11 | 0.29 | 1.93 | 3.96 | 10.38 |
Flora Growth Corporate Management
| CPA CPA | Chief Officer | Profile | |
| Holly Bell | Vice Affairs | Profile | |
| Matthew Cohen | G Counsel | Profile | |
| Aaron Atin | Corporate Secretary | Profile | |
| Javier Franco | VP Agriculture | Profile | |
| FCA FCA | Advisor | Profile |