GrowGeneration Corp Correlations
GRWG Stock | USD 1.86 0.05 2.62% |
The current 90-days correlation between GrowGeneration Corp and Evgo Inc is 0.28 (i.e., Modest diversification). The correlation of GrowGeneration Corp 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.
GrowGeneration Corp Correlation With Market
Good diversification
The correlation between GrowGeneration Corp and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GrowGeneration Corp and DJI in the same portfolio, assuming nothing else is changed.
GrowGeneration |
Moving together with GrowGeneration Stock
Moving against GrowGeneration Stock
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Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between GrowGeneration Stock performing well and GrowGeneration Corp 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 GrowGeneration Corp'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
EVGO | 4.79 | 1.19 | 0.21 | (1.93) | 4.17 | 10.75 | 72.00 | |||
ULTA | 1.59 | 0.05 | 0.01 | 0.18 | 1.67 | 3.24 | 11.36 | |||
BBY | 1.27 | (0.19) | 0.00 | (0.77) | 0.00 | 2.21 | 8.79 | |||
RH | 2.18 | 0.64 | 0.38 | 0.66 | 1.26 | 5.50 | 29.32 | |||
WOOF | 4.85 | 0.74 | 0.17 | 0.61 | 4.22 | 11.61 | 43.86 | |||
CHPT | 3.45 | 0.13 | 0.00 | (0.44) | 4.22 | 7.26 | 22.45 | |||
DKS | 1.51 | 0.00 | (0.03) | 0.11 | 1.70 | 3.84 | 7.73 | |||
AZO | 1.05 | 0.05 | (0.01) | 0.21 | 1.07 | 2.19 | 6.36 | |||
SBH | 1.99 | (0.01) | 0.02 | 0.11 | 2.09 | 4.86 | 16.90 | |||
EYE | 1.99 | 0.33 | 0.12 | 1.73 | 1.80 | 4.90 | 10.41 |
GrowGeneration Corp Corporate Management
Clifton Tomasini | Vice Operations | Profile | |
Greg Sanders | Chief Officer | Profile | |
Gregory Sanders | Chief Officer | Profile | |
Sean Reardon | Commercial East | Profile | |
Darren Lampert | CEO CoFounder | Profile |