Great Elm Correlations

GECCZ Stock

25.06 0.02 0.08%

The current 90-days correlation between Great Elm Capital and Monster Beverage Corp is -0.02 (i.e., Good diversification). The correlation of Great Elm 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.

Great Elm Correlation With Market

Average diversification

The correlation between Great Elm Capital and DJI is 0.19 (i.e., Average 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

0.8	GECCO	Great Elm Capital	Pair Corr
0.76	HCP	Hashicorp	Pair Corr
0.82	LGTY	Logility Supply Chain Symbol Change	Pair Corr
0.7	HPAIW	Helport AI Limited	Pair Corr
0.87	MTTR	Matterport	Pair Corr
0.77	TRTN-PB	Triton International	Pair Corr
0.8	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.9	PVLA	Palvella Therapeutics, Symbol Change	Pair Corr
0.81	RILYM	B Riley Financial,	Pair Corr

Moving against Great Stock

0.86	DMN	Damon Common Stock	Pair Corr
0.82	ZENA	ZenaTech	Pair Corr
0.81	WAI	Top KingWin Symbol Change	Pair Corr
0.8	GMHS	Gamehaus Holdings Class	Pair Corr
0.78	GITS	Global Interactive Symbol Change	Pair Corr
0.73	FMTO	Femto Technologies Symbol Change	Pair Corr
0.71	DJTWW	Trump Media Technology Symbol Change	Pair Corr
0.62	YAAS	Youxin Technology	Pair Corr
0.6	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.43	TRTN-PE	Triton International	Pair Corr
0.37	GLXG	Galaxy Payroll Group	Pair Corr
0.82	SDIG	Stronghold Digital Mining	Pair Corr
0.8	SLNHP	Soluna Holdings Preferred	Pair Corr
0.79	NIXX	Nixxy, Inc Symbol Change	Pair Corr
0.77	RILYL	B Riley Financial	Pair Corr
0.75	RILYP	B Riley Financial	Pair Corr
0.74	TNMG	TNL Mediagene Ordinary	Pair Corr
0.62	TTAN	ServiceTitan, Class	Pair Corr
0.58	STFS	Star Fashion Culture	Pair Corr
0.48	SFHG	Samfine Creation Holdings	Pair Corr
0.46	CYCU	Cycurion, Common Stock Symbol Change	Pair Corr

Related Correlations Analysis

	MNST	SE	IAC	FIZZ	DK	STZ	EYE	CDR-PB
MNST		0.24	0.61	-0.07	-0.7	0.2	0.38	0.25	MNST
SE	0.24		0.59	-0.72	-0.43	-0.7	0.8	0.74	SE
IAC	0.61	0.59		-0.5	-0.4	-0.27	0.75	0.46	IAC
FIZZ	-0.07	-0.72	-0.5		0.06	0.83	-0.64	-0.6	FIZZ
DK	-0.7	-0.43	-0.4	0.06		-0.1	-0.45	-0.36	DK
STZ	0.2	-0.7	-0.27	0.83	-0.1		-0.53	-0.62	STZ
EYE	0.38	0.8	0.75	-0.64	-0.45	-0.53		0.74	EYE
CDR-PB	0.25	0.74	0.46	-0.6	-0.36	-0.62	0.74		CDR-PB
	MNST	SE	IAC	FIZZ	DK	STZ	EYE	CDR-PB

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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

STZ	+ 0.83	FIZZ
EYE	+ 0.8	SE
EYE	+ 0.75	IAC
CDR-PB	+ 0.74	SE
CDR-PB	+ 0.74	EYE
IAC	+ 0.61	MNST

High negative correlations

FIZZ	- 0.72	SE
STZ	- 0.7	SE
DK	- 0.7	MNST
EYE	- 0.64	FIZZ
CDR-PB	- 0.62	STZ
CDR-PB	- 0.6	FIZZ

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
MNST	1.07	0.14	0.15	0.57	1.14	(1.13)	2.80	(1.87)	6.76
SE	2.07	0.22	0.08	0.13	2.55	(2.11)	4.09	(4.15)	16.75
IAC	1.51	0.20	0.14	0.16	1.35	(1.99)	4.26	(2.09)	12.96
FIZZ	1.10	(0.28)	0.00	1.33	0.00	0.00	2.10	(2.23)	7.80
DK	2.66	0.06	0.03	0.05	3.35	(2.70)	5.29	(5.12)	16.57
STZ	1.49	(0.37)	0.00	(0.57)	0.00	0.00	2.64	(2.81)	17.80
EYE	2.20	0.31	0.11	0.20	2.50	(2.38)	4.71	(4.45)	16.13
CDR-PB	2.06	0.15	0.05	3.02	3.34	(2.35)	5.56	(4.55)	21.31

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