Grom Social Correlations
| GROMDelisted Stock | USD 0.05 0 2.22% |
The current 90-days correlation between Grom Social Enterprises and Digital Brands Group is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grom Social moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grom Social Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Grom Social Correlation With Market
Good diversification
The correlation between Grom Social Enterprises and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grom Social Enterprises and DJI in the same portfolio, assuming nothing else is changed.
Grom |
Moving together with Grom Stock
| 0.7 | FENG | Phoenix New Media | PairCorr |
| 0.87 | IAC | IAC Inc | PairCorr |
| 0.63 | MAX | MediaAlpha | PairCorr |
| 0.62 | SLE | Super League Enterprise | PairCorr |
| 0.75 | GETY | Getty Images Holdings | PairCorr |
| 0.72 | GIFT | RDE, Inc Symbol Change | PairCorr |
| 0.66 | IZEA | IZEA Inc | PairCorr |
Moving against Grom Stock
| 0.78 | OB | Outbrain | PairCorr |
| 0.76 | WBTN | WEBTOON Entertainment | PairCorr |
| 0.69 | YY | YY Inc Class | PairCorr |
| 0.49 | DOYU | DouYu International Trending | PairCorr |
| 0.4 | DJT | Trump Media Technology Symbol Change | PairCorr |
| 0.4 | GENI | Genius Sports | PairCorr |
| 0.38 | Z | Zillow Group Class | PairCorr |
| 0.88 | PGRU | PropertyGuru Group | PairCorr |
| 0.84 | LCFY | Locafy | PairCorr |
| 0.81 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.79 | NBIS | Nebius Group NV Symbol Change | PairCorr |
| 0.77 | PODC | Courtside Group, Common | PairCorr |
| 0.73 | YELP | Yelp Inc | PairCorr |
| 0.57 | MNYWW | MoneyHero Limited | PairCorr |
| 0.55 | SEATW | Vivid Seats Warrant | PairCorr |
| 0.53 | META | Meta Platforms | PairCorr |
| 0.43 | OPRA | Opera | PairCorr |
| 0.33 | PERI | Perion Network | PairCorr |
Related Correlations Analysis
| 0.77 | -0.5 | -0.44 | 0.79 | DBGI | ||
| 0.77 | -0.29 | -0.75 | 0.6 | PALT | ||
| -0.5 | -0.29 | 0.16 | -0.53 | DATS | ||
| -0.44 | -0.75 | 0.16 | -0.3 | ENSC | ||
| 0.79 | 0.6 | -0.53 | -0.3 | PBTS | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Grom Stock performing well and Grom Social 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 Grom Social'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DBGI | 10.76 | (2.72) | 0.00 | (0.57) | 0.00 | 22.00 | 91.29 | |||
| PALT | 3.97 | (0.55) | 0.00 | 0.54 | 0.00 | 7.69 | 31.47 | |||
| DATS | 15.29 | 6.51 | 0.45 | (1.24) | 11.48 | 25.14 | 419.67 | |||
| ENSC | 12.31 | 3.19 | 0.34 | (0.77) | 8.50 | 26.55 | 189.26 | |||
| PBTS | 71.04 | 32.25 | 1.69 | 0.92 | 15.82 | 25.00 | 2,409 |
Grom Social 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 Grom Social stock to make a market-neutral strategy. Peer analysis of Grom Social could also be used in its relative valuation, which is a method of valuing Grom Social by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Grom Social Corporate Executives
Elected by the shareholders, the Grom Social's board of directors comprises two types of representatives: Grom Social inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grom. The board's role is to monitor Grom Social's management team and ensure that shareholders' interests are well served. Grom Social's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Grom Social's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jason Williams | Secretary CFO | Profile |
Still Interested in Grom Social Enterprises?
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.