Great Elm Correlations

GECC Stock

USD 10.43 0.03 0.29%

The current 90-days correlation between Great Elm Capital and John Hancock Investors is 0.06 (i.e., Significant diversification). The correlation of Great Elm 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.

Great Elm Correlation With Market

Modest diversification

The correlation between Great Elm Capital and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great Elm Capital and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Great Elm Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Great Stock

0.66	MA	Mastercard	Pair Corr
0.65	ENVA	Enova International	Pair Corr
0.71	FDUS	Fidus Investment Corp	Pair Corr
0.67	AGM	Federal Agricultural	Pair Corr
0.73	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.63	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.61	FRHC	Freedom Holding Corp	Pair Corr
0.64	NMR	Nomura Holdings ADR	Pair Corr
0.76	SLM	SLM Corp Sell-off Trend	Pair Corr
0.66	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.67	IREN	Iris Energy	Pair Corr
0.71	OPRT	Oportun Financial Corp	Pair Corr
0.67	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.76	RWAY	Runway Growth Finance Normal Trading	Pair Corr
0.71	ALLY	Ally Financial Fiscal Year End 17th of January 2025	Pair Corr
0.68	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr

Moving against Great Stock

0.4	PT	Pintec Technology	Pair Corr
0.46	ORGN	Origin Materials	Pair Corr
0.42	GROW	US Global Investors	Pair Corr
0.37	MCVT	Mill City Ventures	Pair Corr

Related Correlations Analysis

	JHI	MCR	GCMG	ECAT	NCV	MVF	CXE	NSL	FTF
JHI		0.18	0.58	0.7	0.67	-0.17	-0.22	0.24	0.36	JHI
MCR	0.18		-0.26	0.29	-0.01	0.62	0.79	-0.22	0.61	MCR
GCMG	0.58	-0.26		0.51	0.84	-0.27	-0.49	0.73	0.34	GCMG
ECAT	0.7	0.29	0.51		0.75	0.15	0.01	0.47	0.65	ECAT
NCV	0.67	-0.01	0.84	0.75		0.06	-0.21	0.68	0.61	NCV
MVF	-0.17	0.62	-0.27	0.15	0.06		0.85	-0.11	0.52	MVF
CXE	-0.22	0.79	-0.49	0.01	-0.21	0.85		-0.41	0.38	CXE
NSL	0.24	-0.22	0.73	0.47	0.68	-0.11	-0.41		0.43	NSL
FTF	0.36	0.61	0.34	0.65	0.61	0.52	0.38	0.43		FTF
	JHI	MCR	GCMG	ECAT	NCV	MVF	CXE	NSL	FTF

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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

CXE	+ 0.85	MVF
NCV	+ 0.84	GCMG
CXE	+ 0.79	MCR
NCV	+ 0.75	ECAT
NSL	+ 0.73	GCMG
ECAT	+ 0.7	JHI

High negative correlations

CXE	- 0.49	GCMG
NSL	- 0.41	CXE
MVF	- 0.27	GCMG
GCMG	- 0.26	MCR
NSL	- 0.22	MCR
CXE	- 0.22	JHI

Risk-Adjusted Indicators

There is a big difference between Great Stock performing well and Great Elm 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 Great Elm'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
JHI	0.28	0.05	(0.10)	0.49	0.22	(0.33)	0.72	(0.58)	1.83
MCR	0.37	(0.01)	(0.16)	0.06	0.41	(0.40)	0.78	(0.65)	1.88
GCMG	1.11	0.17	0.11	0.40	0.93	(1.32)	3.10	(1.76)	7.53
ECAT	0.61	0.02	(0.02)	0.12	0.80	(0.60)	1.17	(1.20)	3.38
NCV	0.74	0.08	0.04	0.24	0.68	(0.98)	1.65	(1.44)	4.54
MVF	0.52	(0.05)	0.00	(2.19)	0.00	0.00	0.95	(1.23)	2.80
CXE	0.50	(0.06)	0.00	(0.51)	0.00	0.00	1.53	(1.27)	3.34
NSL	0.45	0.02	(0.12)	0.51	0.49	(0.56)	0.90	(1.09)	2.24
FTF	0.35	0.02	(0.12)	0.24	0.34	(0.44)	0.76	(0.62)	1.82

Great Elm Corporate Management

Michael Keller	Pres Bus	Profile
Nichole Milz	Chief Officer	Profile
Adam JD	Chief Secretary	Profile
Keri Davis	CFO Treasurer	Profile

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