GLG Life Correlations

Summary

GLGLFDelisted Stock

USD 0.05 0.00 0.00%

The current 90-days correlation between GLG Life Tech and Edible Garden AG is 0.14 (i.e., Average diversification). The correlation of GLG Life 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.

GLG Life Correlation With Market

Good diversification

The correlation between GLG Life Tech 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 GLG Life Tech and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to GLG Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GLG Life 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 GLG Life - 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 GLG Life Tech to buy it.

Moving against GLG Pink Sheet

0.52	HROWM	Harrow Health, 11875	Pair Corr
0.43	YCBD-PA	cbdMD Inc	Pair Corr
0.34	VCNX	Vaccinex	Pair Corr
0.62	KDLYW	Kindly MD, Warrants	Pair Corr
0.48	CYCCP	Cyclacel Pharmaceuticals	Pair Corr
0.41	STRRP	Star Equity Holdings	Pair Corr
0.38	IRD	Opus Genetics, Symbol Change	Pair Corr

Related Correlations Analysis

	GARPF	EDBL	VITL	LOCL	GCEH	LMNR	EDBLW
GARPF		-0.37	-0.12	0.37	-0.44	0.13	-0.04	GARPF
EDBL	-0.37		0.59	0.27	0.71	-0.66	0.56	EDBL
VITL	-0.12	0.59		0.25	0.43	-0.72	0.4	VITL
LOCL	0.37	0.27	0.25		0.23	-0.34	0.58	LOCL
GCEH	-0.44	0.71	0.43	0.23		-0.42	0.75	GCEH
LMNR	0.13	-0.66	-0.72	-0.34	-0.42		-0.54	LMNR
EDBLW	-0.04	0.56	0.4	0.58	0.75	-0.54		EDBLW
	GARPF	EDBL	VITL	LOCL	GCEH	LMNR	EDBLW

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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

EDBLW	+ 0.75	GCEH
GCEH	+ 0.71	EDBL
VITL	+ 0.59	EDBL
EDBLW	+ 0.58	LOCL
EDBLW	+ 0.56	EDBL
GCEH	+ 0.43	VITL

High negative correlations

LMNR	- 0.72	VITL
LMNR	- 0.66	EDBL
EDBLW	- 0.54	LMNR
GCEH	- 0.44	GARPF
LMNR	- 0.42	GCEH
EDBL	- 0.37	GARPF

Risk-Adjusted Indicators

There is a big difference between GLG Pink Sheet performing well and GLG Life 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 GLG Life'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
GARPF	2.82	0.55	0.00	(0.18)	0.00	0.00	0.00	(4.76)	51.42
EDBL	7.39	0.57	0.08	0.29	6.53	(16.01)	14.29	(13.64)	91.43
VITL	2.32	0.36	0.07	2.38	3.70	(2.33)	4.32	(4.49)	18.87
LOCL	4.53	0.22	0.03	0.57	5.08	(5.77)	5.80	(6.49)	88.92
GCEH	7.24	0.96	0.09	1.11	8.40	(10.58)	14.13	(11.19)	115.21
LMNR	1.73	(0.25)	0.00	21.05	0.00	0.00	2.76	(4.37)	13.26
EDBLW	23.74	6.59	0.36	0.87	16.02	(34.28)	60.45	(31.58)	226.73

GLG Life 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 GLG Life pink sheet to make a market-neutral strategy. Peer analysis of GLG Life could also be used in its relative valuation, which is a method of valuing GLG Life by comparing valuation metrics with similar companies.

Golden Agri Resources Edible Garden AG Vital Farms Local Bounti Corp Global Clean Energy Limoneira Co Edible Garden AG American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

GLG Life Corporate Management

Xiangtai Duan	Division Operations	Profile
Shugao Yang	Division Operations	Profile
Daining Zhang	Division Operations	Profile
Edward Wang	Chief Officer	Profile
Qibin Wang	VP Scientist	Profile
Jiwei Dong	Chief Operations	Profile
Yunru Zhang	VP Devel	Profile

Still Interested in GLG Life Tech?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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