Grindr Correlations

GRND Stock

17.72 0.41 2.37%

The current 90-days correlation between Grindr Inc and Momentive Global is -0.06 (i.e., Good diversification). The correlation of Grindr 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.

Grindr Correlation With Market

Modest diversification

The correlation between Grindr Inc and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grindr Inc 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 Grindr Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Grindr Stock

0.7	DJCO	Daily Journal Corp Earnings Call This Week	Pair Corr
0.71	AI	C3 Ai Inc	Pair Corr
0.69	AZ	A2Z Smart Technologies	Pair Corr
0.65	BL	Blackline	Pair Corr
0.71	DV	DoubleVerify Holdings	Pair Corr
0.67	EB	Eventbrite Class A Buyout Trend	Pair Corr
0.75	ML	MoneyLion	Pair Corr
0.81	WK	Workiva	Pair Corr
0.74	ZM	Zoom Video Communications	Pair Corr
0.71	DOCU	DocuSign Sell-off Trend	Pair Corr
0.71	VERX	Vertex	Pair Corr
0.72	DSGX	Descartes Systems	Pair Corr
0.68	DUOL	Duolingo	Pair Corr
0.72	VMEO	Vimeo Inc	Pair Corr
0.69	EGAN	eGain	Pair Corr
0.64	EGHT	8x8 Common Stock	Pair Corr
0.75	ENFN	Enfusion	Pair Corr
0.71	WDAY	Workday	Pair Corr
0.66	WFCF	Where Food Comes	Pair Corr
0.69	ESTC	Elastic NV	Pair Corr
0.78	EXFY	Expensify	Pair Corr

Moving against Grindr Stock

0.76	VTEX	VTEX	Pair Corr
0.58	ILLRW	Triller Group Symbol Change	Pair Corr
0.46	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.32	QH	Quhuo	Pair Corr
0.65	EVOL	Evolving Systems	Pair Corr
0.62	XELAP	Exela Technologies	Pair Corr
0.57	XELA	Exela Technologies	Pair Corr
0.53	SBIGW	SpringBig Holdings	Pair Corr
0.45	ETWO	E2open Parent Holdings	Pair Corr
0.36	BSY	Bentley Systems	Pair Corr

Related Correlations Analysis

	MNTV	ENFN	VTEX	ONTF	EXFY	DOCU	GTLB	DUOL	ZI	BRZE
MNTV		0.2	-0.38	0.3	0.23	0.48	0.15	0.41	0.21	-0.05	MNTV
ENFN	0.2		-0.77	0.75	0.96	0.83	0.59	0.81	0.23	0.89	ENFN
VTEX	-0.38	-0.77		-0.68	-0.79	-0.83	-0.7	-0.8	-0.37	-0.72	VTEX
ONTF	0.3	0.75	-0.68		0.79	0.82	0.66	0.8	0.43	0.71	ONTF
EXFY	0.23	0.96	-0.79	0.79		0.88	0.71	0.89	0.28	0.91	EXFY
DOCU	0.48	0.83	-0.83	0.82	0.88		0.65	0.84	0.38	0.75	DOCU
GTLB	0.15	0.59	-0.7	0.66	0.71	0.65		0.84	0.46	0.71	GTLB
DUOL	0.41	0.81	-0.8	0.8	0.89	0.84	0.84		0.41	0.77	DUOL
ZI	0.21	0.23	-0.37	0.43	0.28	0.38	0.46	0.41		0.29	ZI
BRZE	-0.05	0.89	-0.72	0.71	0.91	0.75	0.71	0.77	0.29		BRZE
	MNTV	ENFN	VTEX	ONTF	EXFY	DOCU	GTLB	DUOL	ZI	BRZE

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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

EXFY	+ 0.96	ENFN
BRZE	+ 0.91	EXFY
BRZE	+ 0.89	ENFN
DUOL	+ 0.89	EXFY
DOCU	+ 0.88	EXFY
DUOL	+ 0.84	DOCU

High negative correlations

DOCU	- 0.83	VTEX
DUOL	- 0.8	VTEX
EXFY	- 0.79	VTEX
VTEX	- 0.77	ENFN
BRZE	- 0.72	VTEX
GTLB	- 0.7	VTEX

Risk-Adjusted Indicators

There is a big difference between Grindr Stock performing well and Grindr 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 Grindr'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
MNTV	0.90	0.49	2.45	4.53	0.00	(1.77)	0.43	(0.21)	20.63
ENFN	1.50	0.26	0.13	(1.06)	1.46	(1.85)	3.65	(2.60)	10.11
VTEX	1.62	(0.34)	0.00	(3.67)	0.00	0.00	2.91	(4.03)	12.17
ONTF	1.49	0.12	0.07	0.11	1.72	(1.66)	3.03	(2.86)	12.08
EXFY	3.24	0.77	0.28	1.65	2.30	(4.46)	8.14	(3.82)	30.21
DOCU	2.23	0.82	0.35	2.94	1.80	(2.85)	4.40	(4.42)	34.12
GTLB	1.88	0.21	0.10	0.14	2.15	(2.09)	5.93	(3.61)	15.46
DUOL	1.81	0.33	0.16	0.32	1.83	(2.16)	4.25	(3.33)	12.58
ZI	2.38	0.14	0.02	(1.15)	4.15	(2.45)	5.08	(4.47)	25.30
BRZE	1.85	0.44	0.23	0.38	1.56	(2.18)	5.06	(3.08)	10.65

Grindr Corporate Management

Vandana MehtaKrantz	Chief Officer	Profile
Kye Chen	Chief Officer	Profile
Tristan Pineiro	Senior Communications	Profile
Tolu Adeofe	Head Relations	Profile
Daniel Weinstein	Chief Officer	Profile
Austin Balance	Chief Officer	Profile
Zachary Katz	General Affairs	Profile

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