Greenlane Holdings Correlations

GNLN Stock

USD 1.83 0.06 3.17%

The current 90-days correlation between Greenlane Holdings and Hempacco Co, is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Greenlane Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenlane Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Greenlane Holdings Correlation With Market

Good diversification

The correlation between Greenlane Holdings and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenlane Holdings 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 Greenlane Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in Greenlane Stock, please use our How to Invest in Greenlane Holdings guide.

Moving together with Greenlane Stock

0.64	AEO	American Eagle Outfitters	Pair Corr
0.85	ASO	Academy Sports Outdoors	Pair Corr
0.79	BBY	Best Buy	Pair Corr
0.86	HVT	Haverty Furniture	Pair Corr
0.8	SCVL	Shoe Carnival	Pair Corr
0.7	ARHS	Arhaus Inc	Pair Corr
0.64	SNBR	Sleep Number Corp	Pair Corr
0.62	GV	Visionary Education	Pair Corr

Moving against Greenlane Stock

0.9	VSCO	Victorias Secret	Pair Corr
0.89	WRBY	Warby Parker	Pair Corr
0.79	ORLY	OReilly Automotive	Pair Corr
0.7	WEYS	Weyco Group	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.52	GAP	Gap, Symbol Change	Pair Corr
0.44	RH	RH Earnings Call This Week	Pair Corr
0.43	LOW	Lowes Companies Sell-off Trend	Pair Corr
0.4	RERE	ATRenew Inc DRC	Pair Corr
0.87	EVRI	Everi Holdings	Pair Corr
0.85	GM	General Motors	Pair Corr
0.8	RL	Ralph Lauren Corp	Pair Corr
0.77	DOGZ	Dogness International	Pair Corr
0.64	UA	Under Armour C	Pair Corr
0.45	F	Ford Motor Aggressive Push	Pair Corr
0.4	CTRN	Citi Trends	Pair Corr
0.36	TTSH	Tile Shop Holdings	Pair Corr

Related Correlations Analysis

	HPCO	CBDW	PHJMF	HUMBF	GGII	KAVL	RLX	XXII	TOBAF	CHUC
HPCO		0.62	-0.19	0.41	0.33	-0.04	-0.44	0.58	0.22	-0.01	HPCO
CBDW	0.62		-0.39	0.64	0.41	-0.3	-0.1	0.77	0.29	0.08	CBDW
PHJMF	-0.19	-0.39		-0.73	-0.48	0.23	-0.47	-0.46	0.07	-0.15	PHJMF
HUMBF	0.41	0.64	-0.73		0.6	-0.39	0.31	0.72	0.06	0.07	HUMBF
GGII	0.33	0.41	-0.48	0.6		-0.25	0.05	0.47	-0.04	0.26	GGII
KAVL	-0.04	-0.3	0.23	-0.39	-0.25		0.05	-0.35	0.1	-0.1	KAVL
RLX	-0.44	-0.1	-0.47	0.31	0.05	0.05		-0.06	-0.02	-0.19	RLX
XXII	0.58	0.77	-0.46	0.72	0.47	-0.35	-0.06		0.28	0.21	XXII
TOBAF	0.22	0.29	0.07	0.06	-0.04	0.1	-0.02	0.28		-0.23	TOBAF
CHUC	-0.01	0.08	-0.15	0.07	0.26	-0.1	-0.19	0.21	-0.23		CHUC
	HPCO	CBDW	PHJMF	HUMBF	GGII	KAVL	RLX	XXII	TOBAF	CHUC

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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

XXII	+ 0.77	CBDW
XXII	+ 0.72	HUMBF
HUMBF	+ 0.64	CBDW
CBDW	+ 0.62	HPCO
GGII	+ 0.6	HUMBF
XXII	+ 0.58	HPCO

High negative correlations

HUMBF	- 0.73	PHJMF
GGII	- 0.48	PHJMF
RLX	- 0.47	PHJMF
XXII	- 0.46	PHJMF
RLX	- 0.44	HPCO
KAVL	- 0.39	HUMBF

Risk-Adjusted Indicators

There is a big difference between Greenlane Stock performing well and Greenlane Holdings 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 Greenlane Holdings' 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
HPCO	17.23	6.29	0.22	(0.72)	15.72	(24.22)	10.00	(12.73)	108.83
CBDW	11.67	0.63	0.01	(0.07)	11.67	(18.58)	33.33	(20.00)	150.98
PHJMF	2.50	0.30	0.00	(1.00)	0.00	0.00	0.00	0.00	53.33
HUMBF	6.97	2.01	0.04	(0.30)	8.38	(78.03)	0.00	(20.22)	200.00
GGII	8.33	0.65	0.03	0.54	9.04	(35.21)	25.00	(20.00)	120.00
KAVL	6.76	1.11	0.16	(2.39)	5.20	(11.20)	11.00	(8.60)	146.09
RLX	2.42	0.38	0.06	(1.91)	3.03	(2.86)	6.25	(5.52)	18.88
XXII	6.78	(1.76)	0.00	(1.89)	0.00	0.00	20.00	(15.38)	44.68
TOBAF	13.25	1.56	0.10	0.66	13.02	(24.96)	35.71	(22.73)	130.90
CHUC	4.08	0.02	(0.02)	0.39	4.92	(4.68)	8.21	(8.31)	22.94

Greenlane Holdings Corporate Management

Rodrigo Oliveira	Chief Officer	Profile
Barbara Sher	Chief Officer	Profile
Najim CFA	Director Relations	Profile
Amir Sadr	General Counsel	Profile
Nicholas Kovacevich	Chief Officer	Profile

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