Green Plains Correlations

GPRE Stock

USD 6.41 0.23 3.72%

The current 90-days correlation between Green Plains Renewable and Lsb Industries is -0.12 (i.e., Good diversification). The correlation of Green Plains 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.

Green Plains Correlation With Market

Significant diversification

The correlation between Green Plains Renewable 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 Green Plains Renewable 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 Green Plains Renewable. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Green Stock

0.64	AA	Alcoa Corp	Pair Corr
0.66	CC	Chemours Earnings Call Today	Pair Corr
0.67	CE	Celanese	Pair Corr
0.73	IE	Ivanhoe Electric	Pair Corr
0.69	NG	NovaGold Resources	Pair Corr
0.75	WS	Worthington Steel	Pair Corr
0.66	HYMCW	Hycroft Mining Holding	Pair Corr
0.82	ALB-PA	Albemarle	Pair Corr
0.76	FMST	Foremost Lithium Resource	Pair Corr

Moving against Green Stock

0.88	DC	Dakota Gold Corp	Pair Corr
0.87	CX	Cemex SAB de	Pair Corr
0.8	AU	AngloGold Ashanti plc	Pair Corr
0.47	CTA-PA	E I du	Pair Corr
0.81	NB	NioCorp Developments	Pair Corr
0.74	VZLA	Vizsla Resources Corp	Pair Corr
0.62	MT	ArcelorMittal SA ADR	Pair Corr
0.59	MP	MP Materials Corp	Pair Corr
0.52	HYMCL	Hycroft Mining Holding	Pair Corr
0.32	ECVT	Ecovyst Earnings Call Today	Pair Corr
0.84	AGI	Alamos Gold Sell-off Trend	Pair Corr
0.76	AEM	Agnico Eagle Mines	Pair Corr
0.66	ASM	Avino Silver Gold	Pair Corr
0.52	BVN	Compania de Minas Earnings Call Today	Pair Corr
0.5	WLKP	Westlake Chemical	Pair Corr

Related Correlations Analysis

	LXU	ASIX	TROX	UNVR	MEOH	SIRE	VHI	WLKP	HUN
LXU		0.82	0.56	0.0	0.09	0.0	0.57	0.2	0.41	LXU
ASIX	0.82		0.54	0.0	0.06	0.0	0.46	0.47	0.48	ASIX
TROX	0.56	0.54		0.0	-0.07	0.0	0.88	-0.31	0.73	TROX
UNVR	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	UNVR
MEOH	0.09	0.06	-0.07	0.0		0.0	-0.16	0.29	-0.59	MEOH
SIRE	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SIRE
VHI	0.57	0.46	0.88	0.0	-0.16	0.0		-0.48	0.73	VHI
WLKP	0.2	0.47	-0.31	0.0	0.29	0.0	-0.48		-0.26	WLKP
HUN	0.41	0.48	0.73	0.0	-0.59	0.0	0.73	-0.26		HUN
	LXU	ASIX	TROX	UNVR	MEOH	SIRE	VHI	WLKP	HUN

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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

VHI	+ 0.88	TROX
ASIX	+ 0.82	LXU
HUN	+ 0.73	TROX
HUN	+ 0.73	VHI
VHI	+ 0.57	LXU
TROX	+ 0.56	LXU

High negative correlations

HUN	- 0.59	MEOH
WLKP	- 0.48	VHI
WLKP	- 0.31	TROX
HUN	- 0.26	WLKP
VHI	- 0.16	MEOH
MEOH	- 0.07	TROX

Risk-Adjusted Indicators

There is a big difference between Green Stock performing well and Green Plains 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 Green Plains' 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
LXU	2.01	(0.08)	0.00	(0.06)	0.00	0.00	3.53	(4.29)	26.90
ASIX	1.63	(0.04)	0.00	(0.03)	0.00	0.00	2.82	(3.04)	12.95
TROX	2.18	(0.49)	0.00	(0.45)	0.00	0.00	4.01	(4.24)	16.17
UNVR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MEOH	1.43	0.01	0.01	0.05	1.77	(1.50)	2.94	(3.07)	6.98
SIRE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VHI	1.96	(0.58)	0.00	(1.77)	0.00	0.00	3.61	(5.39)	11.18
WLKP	0.57	0.13	0.17	0.38	0.48	(0.60)	1.41	(1.25)	3.10
HUN	1.37	(0.12)	0.00	(0.16)	0.00	0.00	3.02	(2.65)	7.62

Green Plains Corporate Management

BS JD	Chief Sec	Profile
George Simpkins	Chief Devel. and Risk Officer	Profile
James Stark	Chief Officer	Profile
Leslie Meulen	Executive Innovation	Profile

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