GreenLight Biosciences Correlations
| GRNAWDelisted Stock | USD 0.02 0 25.00% |
The current 90-days correlation between GreenLight Biosciences and Greenlight Biosciences Holdings is -0.2 (i.e., Good diversification). The correlation of GreenLight Biosciences 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. If the correlation is 0, the equities are not correlated; they are entirely random.
GreenLight Biosciences Correlation With Market
Average diversification
The correlation between GreenLight Biosciences Holding 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 GreenLight Biosciences Holding and DJI in the same portfolio, assuming nothing else is changed.
GreenLight |
Moving together with GreenLight Stock
| 0.77 | SHG | Shinhan Financial | PairCorr |
| 0.89 | EC | Ecopetrol SA ADR | PairCorr |
| 0.63 | WF | Woori Financial Group | PairCorr |
| 0.64 | HYMTF | Hyundai Motor | PairCorr |
| 0.64 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.83 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.82 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.64 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against GreenLight Stock
| 0.82 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.8 | WMT | Walmart Aggressive Push | PairCorr |
| 0.8 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.75 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.73 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.68 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.65 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.65 | HPQ | HP Inc | PairCorr |
| 0.55 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.52 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.48 | VFS | VinFast Auto Earnings Call Today | PairCorr |
| 0.45 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.41 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.37 | KB | KB Financial Group | PairCorr |
Related Correlations Analysis
| 0.12 | 0.1 | 0.24 | -0.36 | GRNA | ||
| 0.12 | 0.1 | 0.02 | -0.39 | EQRXW | ||
| 0.1 | 0.1 | 0.3 | -0.13 | REVBW | ||
| 0.24 | 0.02 | 0.3 | -0.12 | DRTSW | ||
| -0.36 | -0.39 | -0.13 | -0.12 | DCFCW | ||
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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 GreenLight Stock performing well and GreenLight Biosciences 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 GreenLight Biosciences' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRNA | 3.31 | (0.20) | 0.00 | 0.33 | 0.00 | 5.26 | 48.45 | |||
| EQRXW | 8.29 | 0.98 | 0.06 | 3.44 | 9.24 | 26.67 | 71.66 | |||
| REVBW | 6.86 | (0.07) | 0.00 | 0.31 | 0.00 | 17.04 | 43.09 | |||
| DRTSW | 10.53 | 0.92 | 0.03 | (0.19) | 12.59 | 25.00 | 106.06 | |||
| DCFCW | 18.41 | 3.26 | 0.13 | (6.30) | 16.31 | 55.13 | 235.24 |
GreenLight Biosciences 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 GreenLight Biosciences stock to make a market-neutral strategy. Peer analysis of GreenLight Biosciences could also be used in its relative valuation, which is a method of valuing GreenLight Biosciences by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
GreenLight Biosciences Corporate Management
| Susan MBA | CFO Officer | Profile | |
| Mark Singleton | Chief Health | Profile | |
| Charu MBA | Chief Officer | Profile | |
| Amin Khan | Human Officer | Profile | |
| Thomas Crampton | Sr Affairs | Profile | |
| Andrey Zarur | President, CoFounder | Profile | |
| Carole MBA | Chief Officer | Profile |
Still Interested in GreenLight Biosciences Holdings?
Investing in delisted delisted stocks can be risky, as the stock 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.