Urban Gro Correlations

UGRO Stock

USD 0.23 0.02 8.00%

The current 90-days correlation between Urban Gro and DEFSEC Technologies is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Urban Gro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Urban Gro moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Urban Gro Correlation With Market

Average diversification

The correlation between Urban Gro and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Urban Gro and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Urban Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Urban Gro. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Urban Stock, please use our How to Invest in Urban Gro guide.

Moving together with Urban Stock

0.73	EML	Eastern	Pair Corr
0.73	NVX	Novonix Ltd ADR	Pair Corr
0.63	PNR	Pentair PLC	Pair Corr
0.81	HYFM	Hydrofarm Holdings	Pair Corr
0.65	605259	Lutian Machinery	Pair Corr
0.62	FLO	Flowtech Fluidpower plc	Pair Corr
0.72	KITT	Nauticus Robotics Buyout Trend	Pair Corr

Moving against Urban Stock

0.78	688028	Beijing Worldia Diamond	Pair Corr
0.52	DOV	Dover	Pair Corr
0.49	FTV	Fortive Corp	Pair Corr
0.36	RFG	Roebuck Food Group	Pair Corr
0.43	000821	JS Corrugating Machinery	Pair Corr
0.39	PRV	Porvair plc	Pair Corr
0.78	300385	Wuxi Xuelang Environ	Pair Corr
0.6	605060	Allied Machinery	Pair Corr

Related Correlations Analysis

	DFSC	RAYA	SUNE	XPON	BKYI	ASTC	FGL	RVSN	PMAX	JCSE
DFSC		0.55	0.89	0.92	0.59	0.26	0.73	0.73	0.47	-0.26	DFSC
RAYA	0.55		0.67	0.67	0.13	0.7	0.24	0.73	0.68	-0.21	RAYA
SUNE	0.89	0.67		0.95	0.57	0.33	0.7	0.81	0.51	-0.33	SUNE
XPON	0.92	0.67	0.95		0.55	0.31	0.69	0.82	0.54	-0.2	XPON
BKYI	0.59	0.13	0.57	0.55		-0.23	0.63	0.2	-0.01	-0.35	BKYI
ASTC	0.26	0.7	0.33	0.31	-0.23		-0.2	0.6	0.68	0.06	ASTC
FGL	0.73	0.24	0.7	0.69	0.63	-0.2		0.34	0.15	-0.51	FGL
RVSN	0.73	0.73	0.81	0.82	0.2	0.6	0.34		0.56	0.05	RVSN
PMAX	0.47	0.68	0.51	0.54	-0.01	0.68	0.15	0.56		-0.23	PMAX
JCSE	-0.26	-0.21	-0.33	-0.2	-0.35	0.06	-0.51	0.05	-0.23		JCSE
	DFSC	RAYA	SUNE	XPON	BKYI	ASTC	FGL	RVSN	PMAX	JCSE

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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

XPON	+ 0.95	SUNE
XPON	+ 0.92	DFSC
SUNE	+ 0.89	DFSC
RVSN	+ 0.82	XPON
RVSN	+ 0.81	SUNE
FGL	+ 0.73	DFSC

High negative correlations

JCSE	- 0.51	FGL
JCSE	- 0.35	BKYI
JCSE	- 0.33	SUNE
JCSE	- 0.26	DFSC
JCSE	- 0.23	PMAX
ASTC	- 0.23	BKYI

Risk-Adjusted Indicators

There is a big difference between Urban Stock performing well and Urban Gro 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 Urban Gro'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
DFSC	4.95	(1.12)	0.00	(0.31)	0.00	0.00	10.14	(17.35)	48.93
RAYA	5.46	(1.20)	0.00	(0.37)	0.00	0.00	10.65	(13.03)	31.81
SUNE	2.91	(0.74)	0.00	(0.17)	0.00	0.00	5.48	(5.81)	27.32
XPON	3.67	(1.04)	0.00	(0.21)	0.00	0.00	8.43	(8.18)	20.27
BKYI	5.26	(0.17)	(0.02)	0.00	5.71	(6.95)	9.26	(9.71)	69.05
ASTC	3.62	(0.25)	0.00	(0.09)	0.00	0.00	6.67	(8.71)	25.08
FGL	6.95	(1.17)	0.00	(6.46)	0.00	0.00	20.00	(13.73)	59.34
RVSN	5.43	(0.74)	0.00	(0.20)	0.00	0.00	9.09	(8.57)	29.09
PMAX	6.20	(0.27)	(0.01)	0.00	7.40	(6.60)	12.97	(13.19)	48.86
JCSE	5.06	0.87	0.20	0.37	4.34	(9.09)	7.83	(6.67)	103.60

Urban Gro Corporate Management

Kevin Costenaro	Senior Operations	Profile
Brett Cherniack	Vice Sales	Profile
Christian Monson	Executive Counsel	Profile
Michael Sipperley	Senior Accounting	Profile
NCARB AIA	Senior Architecture	Profile
Ryan Ninness	Senior Technology	Profile

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