Green Thumb Correlations
| GTBIF Stock | USD 9.04 0.30 3.21% |
The correlation of Green Thumb 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.
Green Thumb Correlation With Market
Very good diversification
The correlation between Green Thumb Industries and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Thumb Industries and DJI in the same portfolio, assuming nothing else is changed.
Green |
The ability to find closely correlated positions to Green Thumb could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Green Thumb 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 Green Thumb - 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 Green Thumb Industries to buy it.
Moving together with Green OTC Stock
| 0.69 | LNDNF | Lundin Energy AB | PairCorr |
| 0.64 | AWCMY | Alumina Limited PK | PairCorr |
| 0.65 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against Green OTC Stock
| 0.34 | WMT | Walmart Aggressive Push | PairCorr |
| 0.63 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.47 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.38 | INTC | Intel Fiscal Year End 23rd 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 Green Thumb 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.Did you try this?
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Green Thumb Corporate Management
Elected by the shareholders, the Green Thumb's board of directors comprises two types of representatives: Green Thumb inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Green. The board's role is to monitor Green Thumb's management team and ensure that shareholders' interests are well served. Green Thumb'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, Green Thumb's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mathew Faulkner | Chief Officer | Profile | |
| Linda Marsicano | VP Communications | Profile | |
| Benjamin Kovler | Chairman Founder | Profile | |
| Dina Rollman | Sr Affairs | Profile | |
| Swadheen Sehgal | Chief Officer | Profile | |
| Daniel Shaker | VP Sales | Profile |