Great Elm Correlations
| GECCNDelisted Stock | USD 24.77 0.01 0.04% |
The current 90-days correlation between Great Elm Capital and Great Elm Capital is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Great Elm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Elm Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Great Elm Correlation With Market
Good diversification
The correlation between Great Elm Capital and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great Elm Capital and DJI in the same portfolio, assuming nothing else is changed.
Great |
Moving together with Great Stock
| 0.84 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.75 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.75 | WMT | Walmart | PairCorr |
| 0.88 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.8 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.82 | DIS | Walt Disney | PairCorr |
Moving against Great Stock
| 0.88 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.84 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.83 | ARE | Alexandria Real Estate Sell-off Trend | PairCorr |
| 0.8 | ESALF | Eisai | PairCorr |
| 0.79 | MZDAF | Mazda Motor | PairCorr |
| 0.67 | DSKYF | Daiichi Sankyo | PairCorr |
| 0.6 | OPHLF | Ono Pharmaceutical | PairCorr |
| 0.52 | BKKPF | Bangkok Bank Public | PairCorr |
| 0.49 | SGIOF | Shionogi | PairCorr |
| 0.41 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.4 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.38 | MCD | McDonalds Sell-off Trend | PairCorr |
| 0.33 | SNPHF | Santen Pharmaceutical | PairCorr |
| 0.32 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.46 | 0.16 | 0.74 | 0.5 | GECCM | ||
| 0.46 | 0.69 | 0.73 | 0.74 | RILYO | ||
| 0.16 | 0.69 | 0.36 | 0.77 | RILYG | ||
| 0.74 | 0.73 | 0.36 | 0.53 | OXSQL | ||
| 0.5 | 0.74 | 0.77 | 0.53 | RILYZ | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Great Stock performing well and Great Elm 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 Great Elm'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GECCM | 0.28 | 0.01 | (0.15) | 0.82 | 0.42 | 0.60 | 3.56 | |||
| RILYO | 0.41 | 0.02 | (0.15) | 1.38 | 0.42 | 1.20 | 2.95 | |||
| RILYG | 2.77 | (0.04) | (0.01) | 0.07 | 3.61 | 5.05 | 38.41 | |||
| OXSQL | 0.28 | 0.04 | (0.16) | 1.43 | 0.23 | 0.77 | 2.94 | |||
| RILYZ | 2.85 | (0.03) | 0.00 | 0.07 | 4.38 | 4.25 | 37.57 |
Great Elm 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 Great Elm stock to make a market-neutral strategy. Peer analysis of Great Elm could also be used in its relative valuation, which is a method of valuing Great Elm by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Great Elm Capital?
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