Great Elm Correlations
| GECCNDelisted Stock | USD 24.77 0.01 0.04% |
The current 90-days correlation between Great Elm Capital and Great Elm Capital is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Great Elm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Elm Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Great Elm Correlation With Market
Average diversification
The correlation between Great Elm Capital and DJI is 0.18 (i.e., Average 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.
Great |
Moving together with Great Stock
| 0.71 | SSNLF | Samsung Electronics | PairCorr |
| 0.75 | PTAIF | PT Astra International | PairCorr |
| 0.65 | HPQ | HP Inc | PairCorr |
| 0.77 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.67 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.72 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.71 | T | ATT Inc Aggressive Push | PairCorr |
| 0.73 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.82 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Great Stock
| 0.85 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.77 | BKRKY | Bank Rakyat | PairCorr |
| 0.77 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.69 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.67 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.66 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.65 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.58 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.43 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.43 | PG | Procter Gamble | PairCorr |
| 0.39 | PTAIY | Astra International Tbk | PairCorr |
Related Correlations Analysis
| 0.46 | -0.17 | 0.74 | 0.16 | GECCM | ||
| 0.46 | -0.18 | 0.73 | 0.3 | RILYO | ||
| -0.17 | -0.18 | 0.04 | 0.75 | RILYG | ||
| 0.74 | 0.73 | 0.04 | 0.45 | OXSQL | ||
| 0.16 | 0.3 | 0.75 | 0.45 | RILYZ | ||
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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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GECCM | 0.28 | 0.00 | (0.18) | 0.12 | 0.42 | 0.60 | 3.56 | |||
| RILYO | 0.41 | 0.03 | (0.18) | (0.32) | 0.42 | 1.20 | 2.95 | |||
| RILYG | 3.18 | (0.04) | 0.00 | 0.09 | 3.99 | 6.11 | 38.41 | |||
| OXSQL | 0.28 | 0.05 | (0.21) | (0.98) | 0.23 | 0.77 | 2.94 | |||
| RILYZ | 3.31 | 0.11 | 0.02 | 0.22 | 4.80 | 5.35 | 37.57 |
Great Elm Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Great Elm stock to make a market-neutral strategy. Peer analysis of Great Elm could also be used in its relative valuation, which is a method of valuing Great Elm by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Great Elm Capital?
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