Edible Garden Correlations
| EDBLW Stock | USD 0.05 0.01 10.54% |
The current 90-days correlation between Edible Garden AG and Edible Garden AG is 0.67 (i.e., Poor diversification). The correlation of Edible Garden 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.
Edible Garden Correlation With Market
Average diversification
The correlation between Edible Garden AG and DJI is 0.16 (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.
Edible |
Moving against Edible Stock
| 0.64 | LW | Lamb Weston Holdings | PairCorr |
| 0.47 | FLO | Flowers Foods | PairCorr |
| 0.47 | BRFS | BRF SA ADR | PairCorr |
| 0.37 | GO | Grocery Outlet Holding | PairCorr |
| 0.35 | STZ | Constellation Brands | PairCorr |
| 0.34 | BG | Bunge Limited | PairCorr |
| 0.34 | EL | Estee Lauder Companies | PairCorr |
| 0.5 | FIZZ | National Beverage Corp | PairCorr |
| 0.47 | FEDU | Four Seasons Education | PairCorr |
| 0.45 | IMKTA | Ingles Markets | PairCorr |
| 0.38 | CENTA | Central Garden Pet | PairCorr |
| 0.38 | ACU | Acme United | PairCorr |
| 0.34 | BON | Bon Natural Life | PairCorr |
| 0.33 | ADM | Archer Daniels Midland | PairCorr |
Related Correlations Analysis
| -0.55 | 0.45 | -0.69 | 0.0 | EDBL | ||
| -0.55 | 0.1 | 0.86 | 0.0 | DRMAW | ||
| 0.45 | 0.1 | -0.06 | 0.0 | IVDAW | ||
| -0.69 | 0.86 | -0.06 | 0.0 | ACONW | ||
| 0.0 | 0.0 | 0.0 | 0.0 | BRSHW | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EDBL | 7.92 | 0.31 | 0.02 | 0.05 | 8.29 | 14.83 | 93.81 | |||
| DRMAW | 14.27 | 3.14 | 0.17 | (1.76) | 14.49 | 40.94 | 111.95 | |||
| IVDAW | 17.23 | 5.23 | 0.25 | 0.94 | 14.72 | 51.65 | 146.40 | |||
| ACONW | 12.75 | 2.14 | 0.12 | 0.43 | 12.86 | 33.14 | 100.28 | |||
| BRSHW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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 |