Edible Garden Correlations

EDBL Stock

USD 0.17 0.01 6.25%

The current 90-days correlation between Edible Garden AG and GLG Life Tech is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Edible Garden moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edible Garden AG moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Edible Garden Correlation With Market

Average diversification

The correlation between Edible Garden AG and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Edible Garden AG and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edible Garden AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Edible Stock

0.71	BG	Bunge Limited	Pair Corr
0.75	ADM	Archer Daniels Midland	Pair Corr
0.7	BOF	BranchOut Food Common	Pair Corr
0.67	FMX	Fomento Economico	Pair Corr
0.65	GIS	General Mills	Pair Corr
0.77	LND	Brasilagro Adr	Pair Corr
0.92	XXII	22nd Century Group	Pair Corr
0.81	ISPR	Ispire Technology Common	Pair Corr
0.63	OTLY	Oatly Group AB	Pair Corr
0.81	ALCO	Alico Inc Earnings Call This Week	Pair Corr
0.72	SNAX	Stryve Foods	Pair Corr
0.61	BRID	Bridgford Foods	Pair Corr
0.81	CL	Colgate Palmolive Sell-off Trend	Pair Corr

Moving against Edible Stock

0.81	LSF	Laird Superfood	Pair Corr
0.67	SAM	Boston Beer	Pair Corr
0.6	TPB	Turning Point Brands	Pair Corr
0.6	LMNR	Limoneira Fiscal Year End 19th of December 2024	Pair Corr
0.58	KAVL	Kaival Brands Innovations	Pair Corr
0.54	CCU	Compania Cervecerias	Pair Corr
0.48	FDP	Fresh Del Monte	Pair Corr
0.47	TAP	Molson Coors Brewing	Pair Corr
0.36	PM	Philip Morris Intern	Pair Corr
0.87	CALM	Cal Maine Foods	Pair Corr
0.83	LW	Lamb Weston Holdings	Pair Corr
0.77	VINE	Fresh Grapes LLC	Pair Corr
0.75	BJ	BJs Wholesale Club	Pair Corr
0.72	KR	Kroger Company Earnings Call This Week	Pair Corr
0.7	K	Kellanova	Pair Corr
0.7	JZ	Jianzhi Education	Pair Corr
0.51	VSTA	Vasta Platform	Pair Corr
0.38	VITL	Vital Farms	Pair Corr
0.37	BRCNF	Burcon NutraScience Corp	Pair Corr

Related Correlations Analysis

	GLGLF	GARPF	VITL	LOCL	FDP	ALCO	SANW	AGRO	LND	GCEH
GLGLF		-0.27	-0.11	-0.13	-0.19	0.62	0.5	-0.32	0.61	-0.56	GLGLF
GARPF	-0.27		0.48	0.07	0.19	-0.43	-0.4	0.34	-0.42	0.45	GARPF
VITL	-0.11	0.48		0.51	-0.47	-0.23	-0.15	0.03	-0.15	-0.22	VITL
LOCL	-0.13	0.07	0.51		-0.6	0.03	-0.5	-0.01	0.21	-0.42	LOCL
FDP	-0.19	0.19	-0.47	-0.6		-0.4	-0.01	-0.02	-0.6	0.83	FDP
ALCO	0.62	-0.43	-0.23	0.03	-0.4		0.51	-0.14	0.77	-0.61	ALCO
SANW	0.5	-0.4	-0.15	-0.5	-0.01	0.51		-0.46	0.24	-0.23	SANW
AGRO	-0.32	0.34	0.03	-0.01	-0.02	-0.14	-0.46		0.02	0.14	AGRO
LND	0.61	-0.42	-0.15	0.21	-0.6	0.77	0.24	0.02		-0.73	LND
GCEH	-0.56	0.45	-0.22	-0.42	0.83	-0.61	-0.23	0.14	-0.73		GCEH
	GLGLF	GARPF	VITL	LOCL	FDP	ALCO	SANW	AGRO	LND	GCEH

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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

GCEH	+ 0.83	FDP
LND	+ 0.77	ALCO
ALCO	+ 0.62	GLGLF
LND	+ 0.61	GLGLF
LOCL	+ 0.51	VITL
SANW	+ 0.51	ALCO

High negative correlations

GCEH	- 0.73	LND
GCEH	- 0.61	ALCO
LND	- 0.6	FDP
FDP	- 0.6	LOCL
GCEH	- 0.56	GLGLF
SANW	- 0.5	LOCL

Risk-Adjusted Indicators

There is a big difference between Edible Stock performing well and Edible Garden 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 Edible Garden'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
GLGLF	6.94	2.06	0.00	(0.35)	0.00	0.00	20.50	(23.00)	152.10
GARPF	1.38	0.26	0.00	0.92	0.00	0.00	4.76	(4.55)	32.62
VITL	2.22	(0.06)	0.01	0.09	3.67	(2.20)	3.98	(4.67)	20.42
LOCL	2.80	(0.64)	0.00	(0.71)	0.00	0.00	4.78	(6.90)	26.64
FDP	1.09	0.24	0.11	3.86	0.94	(1.35)	2.30	(1.99)	12.38
ALCO	1.54	(0.29)	0.00	(0.07)	0.00	0.00	4.76	(3.23)	13.25
SANW	7.58	0.65	0.11	0.42	7.14	(10.53)	26.35	(12.31)	72.44
AGRO	1.22	0.03	(0.06)	0.79	1.54	(1.31)	1.97	(2.68)	8.94
LND	1.14	(0.21)	0.00	(0.56)	0.00	0.00	2.16	(2.42)	6.34
GCEH	7.71	1.61	0.15	1.06	8.30	(10.51)	36.00	(11.00)	50.34

Edible Garden Corporate Management

Michael James	Treasurer, CFO	Profile
Kostas Dafoulas	Interim Officer	Profile
Amanda Caton	Head Grower	Profile
Scott Prendergrast	Chief Officer	Profile
Scott Prendergast	Chief Officer	Profile
Chanida Curnutt	Senior Compliance	Profile

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