Grand River Correlations

GNRV Stock

USD 4.00 0.00 0.00%

The current 90-days correlation between Grand River Commerce and FS Bancorp is 0.05 (i.e., Significant diversification). The correlation of Grand River 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.

Grand River Correlation With Market

Significant diversification

The correlation between Grand River Commerce and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grand River Commerce and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Grand River could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grand River when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Grand River - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Grand River Commerce to buy it.

Moving together with Grand OTC Stock

0.89	CIHKY	China Merchants Bank Earnings Call Tomorrow	Pair Corr
0.61	BBDC4	Banco Bradesco SA	Pair Corr
0.95	BBAS3	Banco do Brasil	Pair Corr
0.77	USB-PH	US Bancorp	Pair Corr
0.9	BNPQY	BNP Paribas SA	Pair Corr
0.9	BNPQF	BNP Paribas SA	Pair Corr
0.88	KO	Coca Cola	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.94	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.81	VZ	Verizon Communications	Pair Corr
0.74	MCD	McDonalds	Pair Corr
0.93	JNJ	Johnson Johnson	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr
0.91	IBM	International Business	Pair Corr
0.86	MMM	3M Company	Pair Corr

Moving against Grand OTC Stock

0.85	PBCRY	Bank Central Asia	Pair Corr
0.77	PPERY	Bank Mandiri Persero	Pair Corr
0.75	PPERF	Bank Mandiri Persero	Pair Corr
0.69	PBCRF	PT Bank Central	Pair Corr
0.6	BKRKY	Bank Rakyat	Pair Corr
0.53	KB	KB Financial Group	Pair Corr
0.43	SHG	Shinhan Financial	Pair Corr
0.39	IBN	ICICI Bank Limited	Pair Corr
0.37	HDB	HDFC Bank Limited	Pair Corr
0.78	MSFT	Microsoft	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.59	CAT	Caterpillar	Pair Corr
0.47	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	FXLG	EFIN	STBI	BORT	FIDS	PCLB	CYFL	APLO	CEFC	PBKC
FXLG		0.88	0.0	0.72	-0.53	0.0	0.85	0.84	0.49	0.58	FXLG
EFIN	0.88		0.0	0.76	-0.48	0.0	0.78	0.89	0.69	0.71	EFIN
STBI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	STBI
BORT	0.72	0.76	0.0		-0.3	0.0	0.85	0.83	0.47	0.64	BORT
FIDS	-0.53	-0.48	0.0	-0.3		0.0	-0.41	-0.48	-0.3	-0.38	FIDS
PCLB	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PCLB
CYFL	0.85	0.78	0.0	0.85	-0.41	0.0		0.82	0.37	0.57	CYFL
APLO	0.84	0.89	0.0	0.83	-0.48	0.0	0.82		0.63	0.71	APLO
CEFC	0.49	0.69	0.0	0.47	-0.3	0.0	0.37	0.63		0.71	CEFC
PBKC	0.58	0.71	0.0	0.64	-0.38	0.0	0.57	0.71	0.71		PBKC
	FXLG	EFIN	STBI	BORT	FIDS	PCLB	CYFL	APLO	CEFC	PBKC

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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

APLO	+ 0.89	EFIN
EFIN	+ 0.88	FXLG
CYFL	+ 0.85	FXLG
CYFL	+ 0.85	BORT
APLO	+ 0.84	FXLG
APLO	+ 0.83	BORT

High negative correlations

FIDS	- 0.53	FXLG
APLO	- 0.48	FIDS
FIDS	- 0.48	EFIN
CYFL	- 0.41	FIDS
PBKC	- 0.38	FIDS
CEFC	- 0.3	FIDS

Risk-Adjusted Indicators

There is a big difference between Grand OTC Stock performing well and Grand River OTC Stock 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 Grand River'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
FXLG	0.40	0.10	0.27	(4.13)	0.00	(0.84)	0.68	(0.66)	2.83
EFIN	1.06	0.27	0.09	(1.88)	1.55	(1.58)	2.65	(2.52)	17.21
STBI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BORT	0.55	0.08	0.10	(1.13)	0.69	(0.97)	2.01	(1.69)	6.21
FIDS	0.75	0.10	0.08	0.33	0.80	(3.62)	2.19	(2.17)	16.93
PCLB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CYFL	0.85	0.35	0.15	3.95	0.70	(1.69)	2.48	(1.66)	12.44
APLO	0.93	0.28	0.14	0.61	0.81	(1.70)	1.45	(2.18)	13.95
CEFC	1.18	0.05	0.07	(0.22)	1.50	(1.58)	2.86	(3.11)	10.28
PBKC	0.35	0.02	0.00	(0.17)	0.00	0.00	1.56	0.00	10.28

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Our tools can tell you how much better you can do entering a position in Grand River without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Grand River Corporate Executives

Elected by the shareholders, the Grand River's board of directors comprises two types of representatives: Grand River inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grand. The board's role is to monitor Grand River's management team and ensure that shareholders' interests are well served. Grand River's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Grand River's outside directors are responsible for providing unbiased perspectives on the board's policies.

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