Great Elm Correlations

GEG Stock

USD 1.79 0.01 0.56%

The current 90-days correlation between Great Elm Group and Investcorp Credit Management is 0.03 (i.e., Significant 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

Modest diversification

The correlation between Great Elm Group and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great Elm Group 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 Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Great Stock

0.65

Western Union

Pair Corr

Moving against Great Stock

0.7	LC	LendingClub Corp	Pair Corr
0.56	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.56	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.55	AB	AllianceBernstein	Pair Corr
0.42	BX	Blackstone Group Normal Trading	Pair Corr
0.41	DIST	Distoken Acquisition	Pair Corr
0.4	CG	Carlyle Group	Pair Corr
0.36	V	Visa Class A	Pair Corr
0.31	AC	Associated Capital	Pair Corr
0.31	BN	Brookfield Corp	Pair Corr
0.66	VINP	Vinci Partners Inves	Pair Corr
0.58	WT	WisdomTree	Pair Corr
0.5	DYCQ	DT Cloud Acquisition	Pair Corr
0.48	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.47	QD	Qudian Inc	Pair Corr
0.47	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.42	DUET	DUET Acquisition Corp	Pair Corr
0.63	EMCG	Embrace Change Acqui	Pair Corr
0.6	TETEU	Technology Telecommunicatio	Pair Corr
0.59	VRTS	Virtus Investment	Pair Corr
0.56	ENVA	Enova International	Pair Corr

Related Correlations Analysis

	ICMB	MRCC	NCZ	CBH	JHS	JPT	NXG	MUE	CMU	CXE
ICMB		0.19	0.18	-0.07	0.05	0.3	0.08	0.11	0.07	0.11	ICMB
MRCC	0.19		0.82	0.75	0.13	0.3	0.79	0.44	0.47	0.26	MRCC
NCZ	0.18	0.82		0.86	0.06	0.48	0.88	0.26	0.25	0.09	NCZ
CBH	-0.07	0.75	0.86		-0.16	0.56	0.95	0.0	0.04	-0.12	CBH
JHS	0.05	0.13	0.06	-0.16		-0.33	-0.18	0.43	0.65	0.68	JHS
JPT	0.3	0.3	0.48	0.56	-0.33		0.62	-0.51	-0.32	-0.37	JPT
NXG	0.08	0.79	0.88	0.95	-0.18	0.62		0.04	0.07	-0.12	NXG
MUE	0.11	0.44	0.26	0.0	0.43	-0.51	0.04		0.84	0.74	MUE
CMU	0.07	0.47	0.25	0.04	0.65	-0.32	0.07	0.84		0.86	CMU
CXE	0.11	0.26	0.09	-0.12	0.68	-0.37	-0.12	0.74	0.86		CXE
	ICMB	MRCC	NCZ	CBH	JHS	JPT	NXG	MUE	CMU	CXE

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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

NXG	+ 0.95	CBH
NXG	+ 0.88	NCZ
CBH	+ 0.86	NCZ
CXE	+ 0.86	CMU
CMU	+ 0.84	MUE
NCZ	+ 0.82	MRCC

High negative correlations

MUE	- 0.51	JPT
CXE	- 0.37	JPT
JPT	- 0.33	JHS
CMU	- 0.32	JPT
NXG	- 0.18	JHS
JHS	- 0.16	CBH

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
ICMB	1.01	(0.02)	(0.07)	0.01	1.16	(1.34)	3.07	(2.19)	8.23
MRCC	1.05	0.16	0.06	0.76	1.21	(1.05)	2.29	(1.92)	6.38
NCZ	0.87	0.12	0.08	0.28	0.82	(1.13)	1.96	(1.69)	5.22
CBH	0.13	0.04	(0.30)	(21.78)	0.00	(0.18)	0.22	(0.22)	0.78
JHS	0.30	0.00	(0.18)	0.08	0.37	(0.34)	0.70	(0.60)	3.04
JPT	0.62	0.03	(0.08)	(0.03)	1.04	(0.57)	1.33	(1.82)	4.64
NXG	0.72	0.38	0.28	(1.66)	0.14	(0.81)	1.96	(0.94)	5.18
MUE	0.39	0.03	(0.13)	(1.15)	0.47	(0.40)	0.85	(0.76)	2.47
CMU	0.38	0.03	(0.13)	(0.17)	0.42	(0.51)	0.85	(0.84)	2.54
CXE	0.50	(0.02)	(0.15)	0.00	0.57	(0.63)	1.33	(1.04)	3.34

Great Elm Corporate Management

Peter Reed	Chief Officer	Profile
Nichole Milz	Chief Officer	Profile
Brent Pearson	CFO Officer	Profile
Keri Davis	Chief Officer	Profile

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