Great Elm Correlations

GECC Stock

USD 10.86 0.16 1.50%

The current 90-days correlation between Great Elm Capital and John Hancock Investors is -0.05 (i.e., Good diversification). The correlation of Great Elm 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.

Great Elm Correlation With Market

Good diversification

The correlation between Great Elm Capital and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great Elm Capital 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 Great Elm Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving against Great Stock

0.6	AFCG	AFC Gamma	Pair Corr
0.55	PSEC	Prospect Capital	Pair Corr
0.53	DHIL	Diamond Hill Investment	Pair Corr
0.52	AX	Axos Financial	Pair Corr
0.49	CODI	Compass Diversified	Pair Corr
0.54	RF	Regions Financial Earnings Call This Week	Pair Corr
0.53	EG	Everest Group	Pair Corr
0.5	BX	Blackstone Group	Pair Corr
0.48	CB	Chubb	Pair Corr
0.45	RY	Royal Bank Sell-off Trend	Pair Corr
0.43	KB	KB Financial Group	Pair Corr
0.42	BY	Byline Bancorp	Pair Corr
0.4	CM	Canadian Imperial Bank	Pair Corr
0.39	IX	Orix Corp Ads	Pair Corr
0.35	PB	Prosperity Bancshares	Pair Corr

Related Correlations Analysis

	JHI	MCR	GCMG	ECAT	NCV	MVF	CXE	NSL	FTF
JHI		0.85	0.57	0.54	0.27	0.46	0.26	0.0	0.86	JHI
MCR	0.85		0.63	0.41	0.14	0.26	0.12	0.0	0.91	MCR
GCMG	0.57	0.63		0.27	0.08	0.14	0.05	0.0	0.5	GCMG
ECAT	0.54	0.41	0.27		0.46	0.59	0.67	0.0	0.35	ECAT
NCV	0.27	0.14	0.08	0.46		0.71	0.69	0.0	0.22	NCV
MVF	0.46	0.26	0.14	0.59	0.71		0.88	0.0	0.3	MVF
CXE	0.26	0.12	0.05	0.67	0.69	0.88		0.0	0.15	CXE
NSL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NSL
FTF	0.86	0.91	0.5	0.35	0.22	0.3	0.15	0.0		FTF
	JHI	MCR	GCMG	ECAT	NCV	MVF	CXE	NSL	FTF

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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

FTF	+ 0.91	MCR
CXE	+ 0.88	MVF
FTF	+ 0.86	JHI
MCR	+ 0.85	JHI
MVF	+ 0.71	NCV
CXE	+ 0.69	NCV

High negative correlations

FTF	- 0.0	NSL
NSL	- 0.0	CXE
NSL	- 0.0	MVF
NSL	- 0.0	NCV
NSL	- 0.0	ECAT
NSL	- 0.0	GCMG

Risk-Adjusted Indicators

There is a big difference between Great Stock performing well and Great Elm 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 Great Elm'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
JHI	0.29	0.02	0.05	0.12	0.32	(0.33)	0.58	(0.58)	2.30
MCR	0.41	0.04	0.06	0.18	0.44	(0.50)	0.65	(0.96)	3.56
GCMG	0.97	0.28	0.21	0.81	0.93	(1.14)	2.23	(1.46)	7.11
ECAT	0.63	0.02	0.02	0.06	0.86	(0.60)	1.23	(1.52)	3.16
NCV	0.89	0.05	0.04	0.08	0.94	(1.14)	1.76	(1.71)	5.40
MVF	0.54	0.00	0.00	0.01	0.64	(0.60)	0.97	(1.08)	3.96
CXE	0.57	(0.03)	0.00	(0.13)	0.00	0.00	1.33	(1.33)	4.06
NSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTF	0.44	0.06	0.08	0.27	0.57	(0.50)	0.93	(0.78)	3.41

Great Elm Corporate Management

Michael Keller	Pres Bus	Profile
Nichole Milz	Chief Officer	Profile
Adam JD	Chief Secretary	Profile
Keri Davis	CFO Treasurer	Profile

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