Greenlite Ventures Correlations

GRNL Stock

USD 0.67 0.07 11.67%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Greenlite Ventures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenlite Ventures moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Greenlite Ventures Correlation With Market

Significant diversification

The correlation between Greenlite Ventures and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenlite Ventures and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Greenlite Pink Sheet

0.94	VLKAF	Volkswagen AG	Pair Corr
0.95	VWAGY	Volkswagen AG 110	Pair Corr
0.9	VLKPF	Volkswagen AG VZO	Pair Corr
0.95	VWAPY	Volkswagen AG Pref	Pair Corr
0.94	DPSTF	Deutsche Post AG	Pair Corr
0.87	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Greenlite Pink Sheet

0.94	BAC	Bank of America Aggressive Push	Pair Corr
0.92	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.85	DIS	Walt Disney Sell-off Trend	Pair Corr
0.85	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr
0.84	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.8	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.79	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.77	SYM	Symbotic Upward Rally	Pair Corr
0.76	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.6	HNHPF	Hon Hai Precision	Pair Corr
0.49	HD	Home Depot	Pair Corr
0.48	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.43	ACN	Accenture plc	Pair Corr

Related Correlations Analysis

	ADAD	TMXN	CCWF	AESO	AHFI	AVVH	PRDL	AHFD	ECGR
ADAD		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ADAD
TMXN	0.0		0.22	0.01	0.06	0.09	-0.09	0.14	0.21	TMXN
CCWF	0.0	0.22		-0.12	-0.01	0.28	0.07	0.23	0.15	CCWF
AESO	0.0	0.01	-0.12		0.03	-0.38	-0.1	-0.52	0.13	AESO
AHFI	0.0	0.06	-0.01	0.03		-0.07	-0.18	0.24	0.01	AHFI
AVVH	0.0	0.09	0.28	-0.38	-0.07		0.46	0.71	-0.03	AVVH
PRDL	0.0	-0.09	0.07	-0.1	-0.18	0.46		0.15	-0.07	PRDL
AHFD	0.0	0.14	0.23	-0.52	0.24	0.71	0.15		-0.16	AHFD
ECGR	0.0	0.21	0.15	0.13	0.01	-0.03	-0.07	-0.16		ECGR
	ADAD	TMXN	CCWF	AESO	AHFI	AVVH	PRDL	AHFD	ECGR

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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

AHFD	+ 0.71	AVVH
PRDL	+ 0.46	AVVH
AVVH	+ 0.28	CCWF
AHFD	+ 0.24	AHFI
AHFD	+ 0.23	CCWF
CCWF	+ 0.22	TMXN

High negative correlations

AHFD	- 0.52	AESO
AVVH	- 0.38	AESO
PRDL	- 0.18	AHFI
ECGR	- 0.16	AHFD
AESO	- 0.12	CCWF
PRDL	- 0.1	AESO

Risk-Adjusted Indicators

There is a big difference between Greenlite Pink Sheet performing well and Greenlite Ventures 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 Greenlite Ventures' 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
ADAD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TMXN	12.73	1.17	0.05	0.43	14.12	(39.86)	50.00	(29.17)	154.55
CCWF	7.78	1.85	0.05	(0.57)	8.75	(38.20)	43.75	(16.67)	121.82
AESO	10.86	1.39	0.06	0.61	11.82	(34.33)	39.13	(25.00)	104.41
AHFI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVVH	6.77	0.03	0.01	0.15	8.75	(11.99)	17.65	(20.00)	45.75
PRDL	11.63	1.65	0.05	0.70	12.41	(50.00)	50.00	(33.33)	83.33
AHFD	1.99	(0.98)	0.00	3.07	0.00	0.00	0.00	0.00	66.67
ECGR	17.76	3.00	0.12	4.85	15.85	(37.58)	64.71	(30.49)	142.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in Greenlite Ventures 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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