Grom Social Correlations
| GROMWDelisted Stock | USD 0.01 0.00 0.00% |
The current 90-days correlation between Grom Social Enterprises and Grom Social Enterprises is 0.05 (i.e., Significant diversification). The correlation of Grom Social 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.
Grom Social Correlation With Market
Modest diversification
The correlation between Grom Social Enterprises and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grom Social Enterprises and DJI in the same portfolio, assuming nothing else is changed.
Grom |
Moving against Grom Stock
| 0.73 | PG | Procter Gamble | PairCorr |
| 0.43 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.36 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.32 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.31 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.32 | 0.56 | 0.76 | -0.07 | GROM | ||
| 0.32 | 0.11 | 0.3 | -0.32 | AGRIW | ||
| 0.56 | 0.11 | 0.51 | -0.06 | TRKAW | ||
| 0.76 | 0.3 | 0.51 | -0.26 | PHUNW | ||
| -0.07 | -0.32 | -0.06 | -0.26 | DBGIW | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Grom Stock performing well and Grom Social 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 Grom Social'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GROM | 6.20 | (3.01) | 0.00 | (2.99) | 0.00 | 10.26 | 77.44 | |||
| AGRIW | 27.97 | 4.26 | 0.18 | 0.54 | 23.28 | 86.21 | 161.84 | |||
| TRKAW | 14.33 | 0.58 | 0.03 | (1.60) | 12.52 | 30.95 | 109.19 | |||
| PHUNW | 4.02 | 0.03 | 0.00 | 0.17 | 5.43 | 9.09 | 38.43 | |||
| DBGIW | 10.83 | 1.44 | 0.09 | 4.31 | 11.42 | 31.54 | 84.50 |
Grom Social Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Grom Social stock to make a market-neutral strategy. Peer analysis of Grom Social could also be used in its relative valuation, which is a method of valuing Grom Social by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Grom Social Corporate Executives
Elected by the shareholders, the Grom Social's board of directors comprises two types of representatives: Grom Social inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grom. The board's role is to monitor Grom Social's management team and ensure that shareholders' interests are well served. Grom Social's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Grom Social's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jason Williams | Secretary CFO | Profile |
Still Interested in Grom Social Enterprises?
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