Gfl Environmental Correlations

GFL Stock

USD 45.77 0.50 1.10%

The current 90-days correlation between Gfl Environmental and SCOR PK is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gfl Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gfl Environmental Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gfl Environmental Correlation With Market

Weak diversification

The correlation between Gfl Environmental Holdings and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gfl Environmental Holdings 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 Gfl Environmental Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Gfl Stock

0.71	SQ	Block Inc	Pair Corr
0.82	DLX	Deluxe	Pair Corr
0.79	RSG	Republic Services	Pair Corr
0.67	CWST	Casella Waste Systems	Pair Corr
0.66	R	Ryder System	Pair Corr
0.66	DIST	Distoken Acquisition	Pair Corr
0.75	AL	Air Lease	Pair Corr
0.65	AZ	A2Z Smart Technologies	Pair Corr
0.67	BE	Bloom Energy Corp Trending	Pair Corr
0.75	CR	Crane Company	Pair Corr
0.76	HI	Hillenbrand	Pair Corr
0.72	KE	Kimball Electronics	Pair Corr

Moving against Gfl Stock

0.77	HDSN	Hudson Technologies	Pair Corr
0.74	CP	Canadian Pacific Railway	Pair Corr
0.37	LNZAW	LanzaTech Global	Pair Corr
0.36	AP	Ampco Pittsburgh	Pair Corr
0.31	MEG	Montrose Environmental	Pair Corr
0.58	FA	First Advantage Corp	Pair Corr
0.58	FC	Franklin Covey	Pair Corr
0.58	HY	Hyster Yale Materials	Pair Corr
0.5	MG	Mistras Group	Pair Corr
0.42	SB	Safe Bulkers	Pair Corr
0.35	UP	Wheels Up Experience	Pair Corr

Related Correlations Analysis

	PDEX	PCYO	QRHC	AAVXF	SCRYY	444859BR2	AQUI	SCRYX	MSTSX	LBHIX
PDEX		0.88	-0.82	0.0	0.51	-0.68	0.0	0.75	0.39	0.64	PDEX
PCYO	0.88		-0.74	0.0	0.64	-0.57	0.0	0.76	0.39	0.52	PCYO
QRHC	-0.82	-0.74		0.0	-0.55	0.55	0.0	-0.59	-0.24	-0.42	QRHC
AAVXF	0.0	0.0	0.0		0.0	0.0	-1.0	0.0	0.0	0.0	AAVXF
SCRYY	0.51	0.64	-0.55	0.0		-0.44	0.0	0.44	0.47	0.5	SCRYY
444859BR2	-0.68	-0.57	0.55	0.0	-0.44		0.0	-0.63	-0.62	-0.59	444859BR2
AQUI	0.0	0.0	0.0	-1.0	0.0	0.0		0.0	0.0	0.0	AQUI
SCRYX	0.75	0.76	-0.59	0.0	0.44	-0.63	0.0		0.58	0.6	SCRYX
MSTSX	0.39	0.39	-0.24	0.0	0.47	-0.62	0.0	0.58		0.72	MSTSX
LBHIX	0.64	0.52	-0.42	0.0	0.5	-0.59	0.0	0.6	0.72		LBHIX
	PDEX	PCYO	QRHC	AAVXF	SCRYY	444859BR2	AQUI	SCRYX	MSTSX	LBHIX

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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

PCYO	+ 0.88	PDEX
SCRYX	+ 0.76	PCYO
SCRYX	+ 0.75	PDEX
LBHIX	+ 0.72	MSTSX
LBHIX	+ 0.64	PDEX
SCRYY	+ 0.64	PCYO

High negative correlations

AQUI	- 1.0	AAVXF
QRHC	- 0.82	PDEX
QRHC	- 0.74	PCYO
444859BR2	- 0.68	PDEX
SCRYX	- 0.63	444859BR2
MSTSX	- 0.62	444859BR2

Risk-Adjusted Indicators

There is a big difference between Gfl Stock performing well and Gfl Environmental 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 Gfl Environmental'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
PDEX	3.78	1.31	0.26	0.86	3.87	(4.30)	9.99	(5.23)	28.08
PCYO	1.67	0.29	0.19	0.28	1.38	(1.96)	3.71	(3.22)	13.79
QRHC	1.77	(0.32)	0.00	(0.17)	0.00	0.00	3.13	(4.18)	18.55
AAVXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYY	2.12	0.43	0.13	(1.15)	2.05	(2.81)	5.61	(4.09)	12.99
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96

Gfl Environmental Corporate Management

Mark Bouldin	Area Vice President Liquid Waste U.S	Profile
Dino Chiesa	Lead Independent Director	Profile
Blake Sumler	Independent Director	Profile
Arun Nayar	Independent Director	Profile

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