Urban Gro Correlations

UGRO Stock

USD 2.47 0.09 3.52%

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

Excellent diversification

The correlation between Urban Gro and DJI is -0.53 (i.e., Excellent 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.

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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.

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Moving together with Urban Stock

0.76	74Z	BOA CEPT SA	Pair Corr
0.78	INRN	Interroll Holding Earnings Call This Week	Pair Corr

Moving against Urban Stock

0.9	OSG	OSG Corporation	Pair Corr
0.89	0ACC	Accelleron Industries	Pair Corr
0.87	PH	Parker Hannifin	Pair Corr
0.84	IR	Ingersoll Rand	Pair Corr
0.8	HY	Hyster Yale Materials	Pair Corr
0.78	HI	Hillenbrand	Pair Corr
0.47	VATE	Innovate Corp	Pair Corr
0.46	FUCA	FANUC PUNSPADR 110	Pair Corr
0.45	CR	Crane Company	Pair Corr
0.45	PL	Planet Labs PBC Aggressive Push	Pair Corr
0.86	DZR	AVINGTRANS LS 05	Pair Corr
0.85	IMI1	IMI plc Earnings Call Tomorrow	Pair Corr
0.84	CE3	Chongqing Machinery	Pair Corr
0.8	STGN	Starrag Group Holding	Pair Corr
0.75	EAAS	Eenergy Group PLC	Pair Corr
0.75	HZ8	Insteel Industries	Pair Corr
0.65	MBH3	Maschinenfabrik Berthold	Pair Corr
0.62	21T	Bodycote PLC Earnings Call This Week	Pair Corr
0.57	4RX0	ZURN ELKAY WATER	Pair Corr
0.46	KC4	KONE Oyj	Pair Corr
0.46	GCP	General Electric	Pair Corr
0.86	QS2A	Smiths Group plc	Pair Corr
0.85	PFV	Pfeiffer Vacuum Tech	Pair Corr
0.85	ILT	Illinois Tool Works	Pair Corr
0.77	0MO	DMG Mori	Pair Corr
0.69	NDX1	Nordex SE	Pair Corr
0.69	EMR	Emerson Electric	Pair Corr

Related Correlations Analysis

	DFSC	RAYA	SUNE	XPON	BKYI	ASTC	FGL	RVSN	PMAX	JCSE
DFSC		0.54	0.09	0.87	0.71	0.23	0.92	0.51	0.12	-0.22	DFSC
RAYA	0.54		-0.32	0.71	0.23	0.82	0.7	0.8	-0.07	-0.08	RAYA
SUNE	0.09	-0.32		-0.12	-0.11	-0.53	0.0	-0.33	-0.03	-0.37	SUNE
XPON	0.87	0.71	-0.12		0.6	0.52	0.9	0.65	0.23	-0.12	XPON
BKYI	0.71	0.23	-0.11	0.6		0.01	0.65	0.21	0.22	-0.18	BKYI
ASTC	0.23	0.82	-0.53	0.52	0.01		0.43	0.69	0.1	0.07	ASTC
FGL	0.92	0.7	0.0	0.9	0.65	0.43		0.58	0.1	-0.32	FGL
RVSN	0.51	0.8	-0.33	0.65	0.21	0.69	0.58		-0.15	0.22	RVSN
PMAX	0.12	-0.07	-0.03	0.23	0.22	0.1	0.1	-0.15		-0.29	PMAX
JCSE	-0.22	-0.08	-0.37	-0.12	-0.18	0.07	-0.32	0.22	-0.29		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

FGL	+ 0.92	DFSC
FGL	+ 0.9	XPON
XPON	+ 0.87	DFSC
ASTC	+ 0.82	RAYA
RVSN	+ 0.8	RAYA
BKYI	+ 0.71	DFSC

High negative correlations

ASTC	- 0.53	SUNE
JCSE	- 0.37	SUNE
RVSN	- 0.33	SUNE
JCSE	- 0.32	FGL
SUNE	- 0.32	RAYA
JCSE	- 0.29	PMAX

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	4.42	(0.36)	0.00	(0.10)	0.00	0.00	10.14	(7.25)	35.87
RAYA	5.81	(1.76)	0.00	676.85	0.00	0.00	10.65	(13.04)	54.24
SUNE	6.08	0.71	0.09	(0.14)	5.39	(10.61)	12.88	(11.11)	56.81
XPON	3.55	(0.76)	0.00	(0.27)	0.00	0.00	6.15	(6.67)	28.87
BKYI	4.12	(0.11)	0.00	(0.07)	0.00	0.00	9.26	(8.20)	43.12
ASTC	2.79	0.00	0.00	0.00	0.00	0.00	5.45	(6.15)	25.08
FGL	8.32	(1.51)	0.00	(82.31)	0.00	0.00	12.66	(19.37)	82.24
RVSN	6.12	(0.07)	0.00	0.00	8.32	(6.75)	12.94	(9.10)	48.25
PMAX	6.28	0.55	0.09	0.26	6.33	(8.04)	12.97	(10.31)	50.37
JCSE	7.02	1.11	0.14	0.94	6.88	(10.43)	17.36	(15.69)	110.44

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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