| ACRHF Stock | | | USD 0 0.00 0.00% |
The current 90-days correlation between Acreage Holdings and Cronos Group is 0.11 (i.e., Average diversification). The correlation of Acreage Holdings 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.
Acreage Holdings Correlation With Market
Weak diversification
The correlation between Acreage Holdings and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acreage Holdings and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Acreage Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acreage Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Acreage Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Acreage Holdings to buy it.
Moving together with Acreage OTC Stock
Moving against Acreage OTC Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Acreage OTC Stock performing well and Acreage Holdings OTC Stock 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 Acreage 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.
Acreage Holdings 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 Acreage Holdings otc stock to make a market-neutral strategy. Peer analysis of Acreage Holdings could also be used in its relative valuation, which is a method of valuing Acreage Holdings by comparing valuation metrics with similar companies.
Acreage Holdings Corporate Management
Elected by the shareholders, the Acreage Holdings' board of directors comprises two types of representatives: Acreage Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Acreage. The board's role is to monitor Acreage Holdings' management team and ensure that shareholders' interests are well served. Acreage Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Acreage Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.