Greystone Housing Correlations

GHI Stock

12.25 0.11 0.89%

The correlation of Greystone Housing 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.

Greystone Housing Correlation With Market

Average diversification

The correlation between Greystone Housing Impact and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greystone Housing Impact 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 Greystone Housing Impact. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Greystone Stock

0.86	FMCC	Federal Home Loan	Pair Corr
0.86	FNMA	Federal National Mortgage	Pair Corr
0.85	C	Citigroup	Pair Corr
0.8	V	Visa Class A	Pair Corr
0.8	BK	Bank of New York	Pair Corr
0.73	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.89	GL	Globe Life	Pair Corr
0.85	GS	Goldman Sachs Group	Pair Corr
0.62	LX	Lexinfintech Holdings Upward Rally	Pair Corr
0.71	MA	Mastercard	Pair Corr
0.82	MS	Morgan Stanley	Pair Corr
0.62	NU	Nu Holdings	Pair Corr
0.65	PT	Pintec Technology	Pair Corr

Moving against Greystone Stock

0.81	GHLD	Guild Holdings	Pair Corr
0.62	CM	Canadian Imperial Bank	Pair Corr
0.61	LDI	Loandepot	Pair Corr
0.54	EG	Everest Group	Pair Corr
0.49	DHIL	Diamond Hill Investment	Pair Corr
0.4	BX	Blackstone Group	Pair Corr
0.39	CB	Chubb	Pair Corr
0.38	AX	Axos Financial	Pair Corr
0.73	LC	LendingClub Corp	Pair Corr
0.59	TW	Tradeweb Markets	Pair Corr
0.58	WT	WisdomTree	Pair Corr
0.57	WD	Walker Dunlop	Pair Corr
0.48	IX	Orix Corp Ads	Pair Corr
0.31	RY	Royal Bank	Pair Corr

Related Correlations Analysis

	GHLD	HMPT	SNFCA	ECPG	PFSI	OCN	CNF	COOP
GHLD		0.0	-0.28	-0.49	-0.12	0.0	-0.78	-0.77	GHLD
HMPT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HMPT
SNFCA	-0.28	0.0		0.77	0.37	0.0	0.06	0.48	SNFCA
ECPG	-0.49	0.0	0.77		0.41	0.0	0.34	0.73	ECPG
PFSI	-0.12	0.0	0.37	0.41		0.0	0.18	0.31	PFSI
OCN	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OCN
CNF	-0.78	0.0	0.06	0.34	0.18	0.0		0.67	CNF
COOP	-0.77	0.0	0.48	0.73	0.31	0.0	0.67		COOP
	GHLD	HMPT	SNFCA	ECPG	PFSI	OCN	CNF	COOP

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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

ECPG	+ 0.77	SNFCA
COOP	+ 0.73	ECPG
COOP	+ 0.67	CNF
COOP	+ 0.48	SNFCA
PFSI	+ 0.41	ECPG
PFSI	+ 0.37	SNFCA

High negative correlations

CNF	- 0.78	GHLD
COOP	- 0.77	GHLD
ECPG	- 0.49	GHLD
SNFCA	- 0.28	GHLD
PFSI	- 0.12	GHLD
COOP	- 0.0	OCN

Risk-Adjusted Indicators

There is a big difference between Greystone Stock performing well and Greystone Housing 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 Greystone Housing'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
GHLD	1.50	(0.17)	0.00	(0.36)	0.00	0.00	3.37	(3.67)	13.35
HMPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNFCA	1.36	0.15	0.08	0.17	1.58	(1.39)	3.15	(2.54)	9.04
ECPG	1.16	0.03	0.02	(0.11)	1.39	(1.20)	2.48	(2.10)	5.77
PFSI	1.38	0.00	0.00	(0.01)	0.00	0.00	3.14	(2.93)	12.76
OCN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNF	3.96	0.30	0.06	2.95	4.52	(4.66)	9.76	(7.69)	26.33
COOP	1.18	0.19	0.13	0.34	1.37	(1.24)	2.21	(2.29)	7.68

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