Goodness Growth Correlations
| GDNSF Stock | USD 0.32 0.01 3.03% |
The current 90-days correlation between Goodness Growth Holdings and Lowell Farms is 0.22 (i.e., Modest diversification). The correlation of Goodness Growth 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.
Goodness Growth Correlation With Market
Good diversification
The correlation between Goodness Growth Holdings and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goodness Growth Holdings and DJI in the same portfolio, assuming nothing else is changed.
Goodness |
The ability to find closely correlated positions to Goodness Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodness Growth 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 Goodness Growth - 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 Goodness Growth Holdings to buy it.
Moving together with Goodness OTC Stock
| 0.84 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.82 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.73 | HLN | Haleon plc | PairCorr |
| 0.78 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.68 | TEVA | Teva Pharmaceutical | PairCorr |
| 0.62 | HLNCF | Haleon plc | PairCorr |
| 0.71 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.78 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.84 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.68 | PBCRY | Bank Central Asia | PairCorr |
| 0.62 | PBCRF | PT Bank Central | PairCorr |
| 0.82 | BKRKY | Bank Rakyat | PairCorr |
| 0.74 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.76 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.71 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.82 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.78 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Goodness OTC Stock
| 0.65 | PTAIF | PT Astra International | PairCorr |
| 0.55 | SSNLF | Samsung Electronics | PairCorr |
| 0.32 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.89 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.88 | WMT | Walmart | PairCorr |
| 0.87 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.82 | CSCO | Cisco Systems | PairCorr |
| 0.81 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.71 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.71 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.55 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.41 | HPQ | HP Inc | PairCorr |
| 0.32 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
| -0.17 | 0.93 | 0.88 | 0.97 | VRNOF | ||
| -0.17 | -0.19 | -0.29 | -0.06 | LOWLF | ||
| 0.93 | -0.19 | 0.89 | 0.92 | AAWH | ||
| 0.88 | -0.29 | 0.89 | 0.83 | FFNTF | ||
| 0.97 | -0.06 | 0.92 | 0.83 | AYRWF | ||
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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 Goodness OTC Stock performing well and Goodness Growth 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 Goodness Growth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VRNOF | 3.75 | (0.98) | 0.00 | 1.00 | 0.00 | 6.69 | 38.88 | |||
| LOWLF | 18.34 | 2.67 | 0.10 | (0.95) | 17.64 | 50.00 | 115.62 | |||
| AAWH | 4.29 | (0.89) | 0.00 | 0.45 | 0.00 | 9.76 | 26.74 | |||
| FFNTF | 8.81 | (1.15) | 0.00 | 2.20 | 0.00 | 20.00 | 58.33 | |||
| AYRWF | 4.85 | (1.45) | 0.00 | 2.32 | 0.00 | 8.84 | 73.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Goodness Growth without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Goodness Growth Corporate Management
Elected by the shareholders, the Goodness Growth's board of directors comprises two types of representatives: Goodness Growth inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Goodness. The board's role is to monitor Goodness Growth's management team and ensure that shareholders' interests are well served. Goodness Growth'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, Goodness Growth's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joshua Rosen | Interim Director | Profile | |
| Amber Shimpa | Chief Director | Profile | |
| Christian Ocasio | Chief Officer | Profile | |
| John Heller | Chief Officer | Profile | |
| Eric JD | Chief Officer | Profile | |
| Albert Zakes | VP Communications | Profile | |
| Harris Rabin | Chief Officer | Profile |