GreenPro Capital Correlations

GRNQ Stock

USD 1.03 0.01 0.96%

The current 90-days correlation between GreenPro Capital Corp and Resources Connection is -0.05 (i.e., Good diversification). The correlation of GreenPro Capital 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. If the correlation is 0, the equities are not correlated; they are entirely random.

GreenPro Capital Correlation With Market

Significant diversification

The correlation between GreenPro Capital Corp and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GreenPro Capital Corp 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 GreenPro Capital Corp. 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 GreenPro Stock

0.62	G	Genpact Limited	Pair Corr
0.68	BE	Bloom Energy Corp Buyout Trend	Pair Corr

Moving against GreenPro Stock

0.52	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.47	HY	Hyster Yale Materials	Pair Corr
0.37	BW	Babcock Wilcox Enter	Pair Corr
0.34	GP	GreenPower Motor	Pair Corr
0.63	CODI-PB	Compass Diversified	Pair Corr
0.62	CODI-PA	Compass Diversified	Pair Corr
0.59	OP	Oceanpal	Pair Corr
0.58	CODI-PC	Compass Diversified	Pair Corr
0.54	ST	Sensata Technologies	Pair Corr
0.35	MG	Mistras Group	Pair Corr
0.34	TG	Tredegar	Pair Corr
0.31	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	RGP	HURN	EFX	BAH	FORR	ICFI	FC	FCN	CRAI	EXPO
RGP		-0.23	0.66	-0.24	0.86	0.13	0.17	0.46	-0.73	0.36	RGP
HURN	-0.23		-0.72	-0.04	0.0	-0.6	-0.59	-0.73	0.61	-0.64	HURN
EFX	0.66	-0.72		0.06	0.48	0.64	0.69	0.84	-0.74	0.8	EFX
BAH	-0.24	-0.04	0.06		-0.51	0.72	0.54	-0.07	0.27	0.1	BAH
FORR	0.86	0.0	0.48	-0.51		-0.17	-0.08	0.34	-0.56	0.24	FORR
ICFI	0.13	-0.6	0.64	0.72	-0.17		0.85	0.57	-0.21	0.65	ICFI
FC	0.17	-0.59	0.69	0.54	-0.08	0.85		0.67	-0.28	0.74	FC
FCN	0.46	-0.73	0.84	-0.07	0.34	0.57	0.67		-0.54	0.92	FCN
CRAI	-0.73	0.61	-0.74	0.27	-0.56	-0.21	-0.28	-0.54		-0.41	CRAI
EXPO	0.36	-0.64	0.8	0.1	0.24	0.65	0.74	0.92	-0.41		EXPO
	RGP	HURN	EFX	BAH	FORR	ICFI	FC	FCN	CRAI	EXPO

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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

EXPO	+ 0.92	FCN
FORR	+ 0.86	RGP
FC	+ 0.85	ICFI
FCN	+ 0.84	EFX
EXPO	+ 0.8	EFX
EXPO	+ 0.74	FC

High negative correlations

CRAI	- 0.74	EFX
FCN	- 0.73	HURN
CRAI	- 0.73	RGP
EFX	- 0.72	HURN
EXPO	- 0.64	HURN
ICFI	- 0.6	HURN

Risk-Adjusted Indicators

There is a big difference between GreenPro Stock performing well and GreenPro Capital 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 GreenPro Capital'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
RGP	1.39	(0.13)	0.00	(0.26)	0.00	0.00	2.10	(2.31)	14.78
HURN	1.16	0.11	0.11	0.21	0.89	(1.47)	2.72	(1.58)	14.16
EFX	1.11	(0.24)	0.00	(0.36)	0.00	0.00	2.32	(2.73)	8.33
BAH	1.53	(0.18)	0.00	(0.09)	0.00	0.00	3.95	(3.39)	19.37
FORR	1.72	(0.28)	0.00	(0.08)	0.00	0.00	3.02	(3.64)	10.89
ICFI	1.30	(0.46)	0.00	(0.35)	0.00	0.00	2.59	(2.46)	16.27
FC	1.41	(0.17)	(0.04)	(0.01)	2.99	(1.37)	2.51	(2.34)	22.53
FCN	0.98	(0.22)	0.00	(0.20)	0.00	0.00	1.82	(2.06)	14.08
CRAI	1.52	0.09	0.06	0.17	2.02	(1.46)	2.86	(3.03)	12.45
EXPO	1.27	(0.34)	0.00	(0.07)	0.00	0.00	2.26	(2.52)	11.88

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