Grow Capital Correlations

GRWC Stock

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The current 90-days correlation between Grow Capital and Humbl Inc is -0.01 (i.e., Good diversification). The correlation of Grow Capital 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.

Grow Capital Correlation With Market

Very good diversification

The correlation between Grow Capital and DJI is -0.4 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grow Capital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Grow Pink Sheet

0.53	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.53	AES	AES Earnings Call This Week	Pair Corr
0.47	MXCHY	Orbia Advance Corp	Pair Corr
0.45	BKRKY	Bank Rakyat Earnings Call This Week	Pair Corr
0.44	MEGI	MainStay CBRE Global	Pair Corr
0.43	JLHL	Julong Holding Upward Rally	Pair Corr
0.42	TLOFF	Talon Metals Corp	Pair Corr
0.42	GAYMF	Galway Metals	Pair Corr
0.41	EC	Ecopetrol SA ADR	Pair Corr
0.4	PRTS	CarPartsCom	Pair Corr
0.4	YLLXF	Yellow Cake plc	Pair Corr
0.38	NTZ	Natuzzi SpA	Pair Corr
0.33	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.32	482480AN0	KLAC 525 15	Pair Corr
0.57	NNBR	NN Inc	Pair Corr
0.5	PLSE	Pulse Biosciences	Pair Corr
0.49	EMMA	Emmaus Life Sciences	Pair Corr
0.47	CAMZF	Camino Minerals	Pair Corr
0.46	TOGOF	TomaGold	Pair Corr
0.46	TATT	Tat Techno	Pair Corr
0.45	BNEFF	Bonterra Energy Corp	Pair Corr
0.42	ZDZT	Zhengduozhe Technology	Pair Corr
0.42	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.41	PYTCY	Playtech PLC ADR	Pair Corr

Related Correlations Analysis

	HMBL	SEAC	APYP	EBZT	MYIDF	KWIK	BCTCF	ELCO	CBRI	VQSSF
HMBL		-0.07	-0.28	0.35	0.57	0.42	-0.38	0.0	0.39	-0.25	HMBL
SEAC	-0.07		-0.11	0.45	0.02	0.21	-0.16	0.0	0.25	-0.03	SEAC
APYP	-0.28	-0.11		-0.73	-0.61	-0.72	0.85	0.0	-0.4	0.51	APYP
EBZT	0.35	0.45	-0.73		0.71	0.85	-0.76	0.0	0.7	-0.49	EBZT
MYIDF	0.57	0.02	-0.61	0.71		0.79	-0.78	0.0	0.73	-0.45	MYIDF
KWIK	0.42	0.21	-0.72	0.85	0.79		-0.8	0.0	0.7	-0.58	KWIK
BCTCF	-0.38	-0.16	0.85	-0.76	-0.78	-0.8		0.0	-0.47	0.35	BCTCF
ELCO	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ELCO
CBRI	0.39	0.25	-0.4	0.7	0.73	0.7	-0.47	0.0		-0.53	CBRI
VQSSF	-0.25	-0.03	0.51	-0.49	-0.45	-0.58	0.35	0.0	-0.53		VQSSF
	HMBL	SEAC	APYP	EBZT	MYIDF	KWIK	BCTCF	ELCO	CBRI	VQSSF

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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

BCTCF	+ 0.85	APYP
KWIK	+ 0.85	EBZT
KWIK	+ 0.79	MYIDF
CBRI	+ 0.73	MYIDF
MYIDF	+ 0.71	EBZT
CBRI	+ 0.7	EBZT

High negative correlations

BCTCF	- 0.8	KWIK
BCTCF	- 0.78	MYIDF
BCTCF	- 0.76	EBZT
EBZT	- 0.73	APYP
KWIK	- 0.72	APYP
MYIDF	- 0.61	APYP

Risk-Adjusted Indicators

There is a big difference between Grow Pink Sheet performing well and Grow Capital 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 Grow Capital'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
HMBL	8.94	1.08	0.00	0.27	0.00	0.00	50.00	(33.33)	150.00
SEAC	3.38	0.77	0.04	5.26	6.55	(8.69)	7.69	(5.14)	120.35
APYP	6.18	0.90	0.11	(0.28)	5.91	(7.58)	19.01	(11.33)	48.08
EBZT	8.69	(0.67)	0.00	(1.97)	0.00	0.00	16.67	(23.08)	81.03
MYIDF	3.78	(0.80)	0.00	(11.52)	0.00	0.00	9.13	(12.01)	41.34
KWIK	2.05	(0.53)	0.00	(2.67)	0.00	0.00	2.86	(6.12)	36.94
BCTCF	0.95	0.52	0.00	(0.33)	0.00	0.00	0.00	0.00	31.71
ELCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBRI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VQSSF	2.52	0.06	0.01	0.09	3.55	(9.36)	8.33	(7.14)	27.88

Be your own money manager

Our tools can tell you how much better you can do entering a position in Grow Capital 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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Grow Capital Corporate Management

Terry Kennedy	Pres CEO	Profile
Carl CPA	S Director	Profile
Trevor CPA	CFO Treasurer	Profile
Joel Bonnette	COO Inc	Profile

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