Greenlane Holdings Correlations

GNLN Stock

USD 0.43 0.03 6.52%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Greenlane Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenlane Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Greenlane Holdings Correlation With Market

Average diversification

The correlation between Greenlane Holdings and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenlane Holdings 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 Greenlane Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in Greenlane Stock, please use our How to Invest in Greenlane Holdings guide.

Moving together with Greenlane Stock

0.7	M	Macys Inc	Pair Corr
0.81	W	Wayfair	Pair Corr
0.7	BQ	Boqii Holding Limited	Pair Corr
0.89	FL	Foot Locker	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.85	LE	Lands End Earnings Call This Week	Pair Corr
0.9	RH	RH Earnings Call This Week	Pair Corr
0.76	DLTH	Duluth Holdings	Pair Corr
0.87	DXLG	Destination XL Group	Pair Corr
0.93	VSCO	Victorias Secret	Pair Corr
0.75	WEYS	Weyco Group	Pair Corr
0.77	ETSY	Etsy Inc	Pair Corr
0.93	WOOF	Pet Acquisition LLC	Pair Corr
0.85	FIVE	Five Below	Pair Corr
0.69	FLWS	1 800 FLOWERSCOM	Pair Corr
0.8	AAP	Advance Auto Parts	Pair Corr
0.95	AEO	American Eagle Outfitters	Pair Corr
0.9	ANF	Abercrombie Fitch	Pair Corr
0.86	ASO	Academy Sports Outdoors	Pair Corr
0.73	FNKO	Funko Inc	Pair Corr
0.96	BKE	Buckle Inc	Pair Corr
0.62	DDS	Dillards	Pair Corr
0.69	DKS	Dicks Sporting Goods	Pair Corr
0.87	XELB	Xcel Brands	Pair Corr
0.76	FND	Floor Decor Holdings	Pair Corr
0.8	GAP	Gap, Symbol Change	Pair Corr
0.85	GCO	Genesco	Pair Corr
0.81	GES	Guess Inc	Pair Corr
0.82	GME	GameStop Corp Earnings Call This Week	Pair Corr
0.86	KSS	Kohls Corp	Pair Corr
0.72	LAD	Lithia Motors	Pair Corr

Moving against Greenlane Stock

0.87	VIPS	Vipshop Holdings	Pair Corr
0.84	AZO	AutoZone	Pair Corr
0.79	EYE	National Vision Holdings	Pair Corr
0.76	JD	JD Inc Adr	Pair Corr
0.83	PDD	PDD Holdings	Pair Corr
0.81	GPC	Genuine Parts	Pair Corr
0.79	MELI	MercadoLibre	Pair Corr
0.76	ORLY	OReilly Automotive	Pair Corr
0.5	JWN	Nordstrom	Pair Corr
0.45	GRPN	Groupon	Pair Corr

Related Correlations Analysis

	HPCO	CBDW	PHJMF	HUMBF	GGII	KAVL	RLX	XXII	TOBAF	CHUC
HPCO		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HPCO
CBDW	0.0		0.54	0.0	0.51	-0.29	-0.56	0.23	-0.14	0.0	CBDW
PHJMF	0.0	0.54		0.0	0.35	-0.15	-0.44	0.15	-0.02	0.0	PHJMF
HUMBF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HUMBF
GGII	0.0	0.51	0.35	0.0		0.05	-0.58	0.78	-0.56	0.0	GGII
KAVL	0.0	-0.29	-0.15	0.0	0.05		0.31	0.4	-0.06	0.0	KAVL
RLX	0.0	-0.56	-0.44	0.0	-0.58	0.31		-0.36	0.34	0.0	RLX
XXII	0.0	0.23	0.15	0.0	0.78	0.4	-0.36		-0.66	0.0	XXII
TOBAF	0.0	-0.14	-0.02	0.0	-0.56	-0.06	0.34	-0.66		0.0	TOBAF
CHUC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CHUC
	HPCO	CBDW	PHJMF	HUMBF	GGII	KAVL	RLX	XXII	TOBAF	CHUC

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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

XXII	+ 0.78	GGII
PHJMF	+ 0.54	CBDW
GGII	+ 0.51	CBDW
XXII	+ 0.4	KAVL
GGII	+ 0.35	PHJMF
TOBAF	+ 0.34	RLX

High negative correlations

TOBAF	- 0.66	XXII
RLX	- 0.58	GGII
TOBAF	- 0.56	GGII
RLX	- 0.56	CBDW
RLX	- 0.44	PHJMF
XXII	- 0.36	RLX

Risk-Adjusted Indicators

There is a big difference between Greenlane Stock performing well and Greenlane Holdings 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 Greenlane Holdings' 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
HPCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBDW	13.47	0.40	0.03	(0.23)	14.34	(18.35)	33.33	(25.00)	65.00
PHJMF	8.54	0.71	0.04	(0.46)	10.34	(19.63)	33.33	(25.00)	58.33
HUMBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GGII	27.23	6.03	0.14	(2.84)	21.58	(87.88)	100.00	(50.00)	150.00
KAVL	5.82	(0.33)	0.00	(3.92)	0.00	0.00	12.00	(11.70)	48.79
RLX	2.27	0.03	0.03	(0.40)	3.39	(2.63)	4.74	(5.35)	19.23
XXII	7.81	(1.13)	0.00	(0.37)	0.00	0.00	21.57	(17.61)	80.50
TOBAF	8.75	1.29	0.07	0.79	9.83	(17.24)	33.33	(21.43)	91.96
CHUC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Greenlane Holdings Corporate Management

Rodrigo Oliveira	Chief Officer	Profile
Barbara Sher	Chief Officer	Profile
Najim CFA	Director Relations	Profile
Amir Sadr	General Counsel	Profile
Nicholas Kovacevich	Chief Officer	Profile

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