Great Elm Correlations

GECCO Stock

USD 25.00 0.10 0.40%

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

Significant diversification

The correlation between Great Elm Capital and DJI is 0.04 (i.e., Significant 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Great Elm Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Great Stock

0.62	OCCIM	OFS Credit ,	Pair Corr
0.65	OCCIO	OFS Credit	Pair Corr
0.64	ATCO-PH	Atlas Corp	Pair Corr
0.72	GAINN	Gladstone Investment	Pair Corr
0.67	CB	Chubb	Pair Corr
0.86	DB	Deutsche Bank AG	Pair Corr
0.67	GL	Globe Life	Pair Corr

Moving against Great Stock

0.79	INV	Innventure,	Pair Corr
0.75	APO-PA	Apollo Global Management	Pair Corr
0.67	ARES-PB	Ares Management Corp	Pair Corr
0.52	PSEC-PA	Prospect Capital	Pair Corr
0.41	AAMI	Acadian Asset Management Symbol Change	Pair Corr
0.79	CM	Canadian Imperial Bank	Pair Corr
0.73	BX	Blackstone Group	Pair Corr
0.67	AX	Axos Financial	Pair Corr
0.67	CG	Carlyle Group	Pair Corr
0.59	BN	Brookfield Corp	Pair Corr
0.56	BY	Byline Bancorp	Pair Corr
0.51	DHIL	Diamond Hill Investment	Pair Corr

Related Correlations Analysis

	GECCM	GECCN	GAINN	RILYK	OXSQL
GECCM		0.0	0.0	0.0	0.0	GECCM
GECCN	0.0		0.0	0.0	0.0	GECCN
GAINN	0.0	0.0		0.74	0.0	GAINN
RILYK	0.0	0.0	0.74		0.0	RILYK
OXSQL	0.0	0.0	0.0	0.0		OXSQL
	GECCM	GECCN	GAINN	RILYK	OXSQL

Click cells to compare fundamentals

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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

RILYK	+ 0.74	GAINN
GECCN	+ 0.0	GECCM
GAINN	+ 0.0	GECCM
RILYK	+ 0.0	GECCM
OXSQL	+ 0.0	GECCM
GAINN	+ 0.0	GECCN

High negative correlations

OXSQL	- 0.0	RILYK
OXSQL	- 0.0	GAINN
OXSQL	- 0.0	GECCN
RILYK	- 0.0	GECCN
GAINN	- 0.0	GECCN
OXSQL	- 0.0	GECCM

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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GECCN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GAINN	0.25	0.04	0.24	1.21	0.26	(0.30)	0.65	(0.56)	1.93
RILYK	1.06	0.12	0.14	0.52	1.10	(1.46)	4.21	(2.50)	10.05
OXSQL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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