Greenidge Generation Correlations

GREEL Stock

USD 10.48 0.01 0.1%

The current 90-days correlation between Greenidge Generation and bioAffinity Technologies Warrant is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Greenidge Generation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenidge Generation Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Greenidge Generation Correlation With Market

Modest diversification

The correlation between Greenidge Generation Holdings and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenidge Generation 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 Greenidge Generation 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 income.

Moving together with Greenidge Stock

0.77	FUFU	BitFuFu Class A	Pair Corr
0.79	MFH	Mercurity Fintech Holding	Pair Corr
0.84	MARA	Marathon Digital Holdings	Pair Corr
0.83	RIOT	Riot Blockchain	Pair Corr
0.68	BTBT	Bit Digital Aggressive Push	Pair Corr
0.8	CLSK	CleanSpark Fiscal Year End 5th of December 2024	Pair Corr
0.79	S	SentinelOne	Pair Corr
0.87	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.86	KD	Kyndryl Holdings	Pair Corr
0.63	KE	Kimball Electronics	Pair Corr
0.83	ZM	Zoom Video Communications	Pair Corr
0.85	EHGO	Eshallgo Class A Buyout Trend	Pair Corr
0.76	EPAM	EPAM Systems	Pair Corr
0.64	WEAV	Weave Communications	Pair Corr
0.61	ERIC	Telefonaktiebolaget Fiscal Year End 28th of January 2025	Pair Corr
0.84	CRM	Salesforce Earnings Call Tomorrow	Pair Corr
0.62	HPE	Hewlett Packard Ente	Pair Corr
0.83	MSI	Motorola Solutions	Pair Corr

Moving against Greenidge Stock

0.89	VRME	VerifyMe	Pair Corr
0.79	VRRM	Verra Mobility Corp	Pair Corr
0.73	ENLV	Enlivex Therapeutics	Pair Corr
0.87	CDW	CDW Corp	Pair Corr
0.51	EVLV	Evolv Technologies	Pair Corr
0.89	IMOS	ChipMOS Technologies	Pair Corr
0.85	UMC	United Microelectronics	Pair Corr
0.82	JNPR	Juniper Networks Sell-off Trend	Pair Corr
0.52	ICG	Intchains Group Upward Rally	Pair Corr

Related Correlations Analysis

	BIAFW	SKFG	DPUI	ARMM	ANGVF
BIAFW		-0.22	0.11	0.0	0.55	BIAFW
SKFG	-0.22		-0.3	0.0	-0.29	SKFG
DPUI	0.11	-0.3		0.0	0.19	DPUI
ARMM	0.0	0.0	0.0		0.0	ARMM
ANGVF	0.55	-0.29	0.19	0.0		ANGVF
	BIAFW	SKFG	DPUI	ARMM	ANGVF

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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

ANGVF	+ 0.55	BIAFW
ANGVF	+ 0.19	DPUI
DPUI	+ 0.11	BIAFW
ARMM	+ 0.0	BIAFW
ARMM	+ 0.0	SKFG
ARMM	+ 0.0	DPUI

High negative correlations

DPUI	- 0.3	SKFG
ANGVF	- 0.29	SKFG
SKFG	- 0.22	BIAFW
ANGVF	- 0.0	ARMM
ARMM	- 0.0	DPUI
ARMM	- 0.0	SKFG

Risk-Adjusted Indicators

There is a big difference between Greenidge Stock performing well and Greenidge Generation 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 Greenidge Generation'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
BIAFW	11.02	(0.46)	0.00	0.03	12.55	(16.68)	28.21	(26.44)	96.67
SKFG	4.88	0.69	0.03	(1.02)	6.48	(16.73)	22.30	(15.35)	67.46
DPUI	11.38	1.14	0.02	(0.27)	12.51	(38.33)	33.33	(25.00)	133.33
ARMM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANGVF	4.28	0.12	0.00	0.01	0.00	0.00	11.54	(13.95)	42.14

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