Grown Rogue Correlations

GRUSF Stock  USD 0.65  0.02  2.99%   
The correlation of Grown Rogue 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.

Grown Rogue Correlation With Market

Good diversification

The correlation between Grown Rogue International and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grown Rogue International and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Grown Rogue could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grown Rogue 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 Grown Rogue - 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 Grown Rogue International to buy it.

Moving together with Grown OTC Stock

  0.72HD Home DepotPairCorr

Moving against Grown OTC Stock

  0.52MKKGY Merck KGaA ADRPairCorr
  0.51MKGAF MERCK KommanditgesellsPairCorr
  0.5TEVA Teva Pharma IndustriesPairCorr
  0.33TAK Takeda PharmaceuticalPairCorr
  0.58BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Grown Rogue 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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Grown Rogue Corporate Management

Elected by the shareholders, the Grown Rogue's board of directors comprises two types of representatives: Grown Rogue inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grown. The board's role is to monitor Grown Rogue's management team and ensure that shareholders' interests are well served. Grown Rogue'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, Grown Rogue's outside directors are responsible for providing unbiased perspectives on the board's policies.