Green Globe Correlations

GGII Stock

USD 0.0004 0.0001 20.00%

The current 90-days correlation between Green Globe International and Kaival Brands Innovations is -0.11 (i.e., Good diversification). The correlation of Green Globe 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.

Green Globe Correlation With Market

Significant diversification

The correlation between Green Globe International and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Globe International and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Green Globe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Green Globe when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Green Globe - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Green Globe International to buy it.

Moving against Green Pink Sheet

0.51	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.48	SSNLF	Samsung Electronics	Pair Corr
0.39	PTAIF	PT Astra International	Pair Corr
0.37	NVDA	NVIDIA	Pair Corr
0.32	IMBBF	Imperial Brands PLC	Pair Corr
0.4	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.32	ALAB	Astera Labs, Common	Pair Corr
0.32	ITRI	Itron Inc	Pair Corr

Related Correlations Analysis

	KAVL	GNLN	RLX	XXII	HPCO	TPB	IMBBY	BTI	PM	VGR
KAVL		-0.29	0.18	-0.44	-0.14	0.2	-0.08	-0.48	0.02	0.5	KAVL
GNLN	-0.29		0.08	0.81	0.65	-0.89	-0.48	0.36	-0.71	-0.77	GNLN
RLX	0.18	0.08		0.1	-0.21	0.09	-0.02	0.21	-0.25	-0.1	RLX
XXII	-0.44	0.81	0.1		0.6	-0.68	-0.21	0.57	-0.51	-0.95	XXII
HPCO	-0.14	0.65	-0.21	0.6		-0.73	-0.56	0.13	-0.6	-0.59	HPCO
TPB	0.2	-0.89	0.09	-0.68	-0.73		0.62	-0.16	0.63	0.65	TPB
IMBBY	-0.08	-0.48	-0.02	-0.21	-0.56	0.62		-0.07	0.49	0.31	IMBBY
BTI	-0.48	0.36	0.21	0.57	0.13	-0.16	-0.07		-0.13	-0.61	BTI
PM	0.02	-0.71	-0.25	-0.51	-0.6	0.63	0.49	-0.13		0.46	PM
VGR	0.5	-0.77	-0.1	-0.95	-0.59	0.65	0.31	-0.61	0.46		VGR
	KAVL	GNLN	RLX	XXII	HPCO	TPB	IMBBY	BTI	PM	VGR

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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

XXII	+ 0.81	GNLN
HPCO	+ 0.65	GNLN
VGR	+ 0.65	TPB
PM	+ 0.63	TPB
IMBBY	+ 0.62	TPB
HPCO	+ 0.6	XXII

High negative correlations

VGR	- 0.95	XXII
TPB	- 0.89	GNLN
VGR	- 0.77	GNLN
TPB	- 0.73	HPCO
PM	- 0.71	GNLN
TPB	- 0.68	XXII

Risk-Adjusted Indicators

There is a big difference between Green Pink Sheet performing well and Green Globe 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 Green Globe'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
KAVL	6.86	0.95	0.13	(2.66)	5.41	(11.20)	11.00	(8.60)	146.09
GNLN	6.92	(1.44)	0.00	(0.37)	0.00	0.00	7.78	(12.79)	109.31
RLX	2.47	0.09	(0.01)	(0.50)	3.27	(2.80)	6.25	(6.67)	18.88
XXII	6.77	(2.30)	0.00	(2.60)	0.00	0.00	11.54	(15.38)	44.68
HPCO	17.23	4.23	0.22	0.57	15.72	(24.22)	10.00	(12.73)	108.83
TPB	1.57	0.61	0.43	1.10	0.71	(1.98)	4.76	(2.46)	10.20
IMBBY	0.84	0.15	0.06	0.83	0.78	(1.03)	2.36	(1.43)	7.84
BTI	0.73	0.04	(0.06)	0.53	1.04	(0.73)	1.28	(1.32)	4.59
PM	1.00	0.20	0.02	(0.35)	1.30	(1.05)	1.99	(1.84)	15.67
VGR	1.05	0.55	0.59	29.01	0.00	(1.32)	3.38	(0.96)	8.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in Green Globe without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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