Greentown Management Correlations

GRMHF Stock

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The current 90-days correlation between Greentown Management and Vasta Platform is 0.05 (i.e., Significant diversification). The correlation of Greentown Management 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.

Greentown Management Correlation With Market

Good diversification

The correlation between Greentown Management Holdings and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greentown Management Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Greentown Management could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greentown Management 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 Greentown Management - 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 Greentown Management Holdings to buy it.

Moving against Greentown Pink Sheet

0.48	VONOY	Vonovia SE ADR	Pair Corr
0.48	VNNVF	Vonovia SE	Pair Corr
0.47	BEKE	Ke Holdings	Pair Corr
0.46	WRFRF	Wharf Real Estate	Pair Corr
0.39	CLLNY	Cellnex Telecom SA	Pair Corr
0.38	CLNXF	Cellnex Telecom SA	Pair Corr
0.37	BKRKY	Bank Rakyat	Pair Corr
0.31	PPERY	Bank Mandiri Persero	Pair Corr
0.31	PPERF	Bank Mandiri Persero	Pair Corr

Related Correlations Analysis

	LINC	VSTA	ZNAE	ONTF	CDNS	NTWK	STRA	UTI
LINC		-0.61	0.0	0.81	0.89	-0.67	0.91	0.88	LINC
VSTA	-0.61		0.0	-0.7	-0.6	0.58	-0.59	-0.78	VSTA
ZNAE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ZNAE
ONTF	0.81	-0.7	0.0		0.7	-0.48	0.82	0.81	ONTF
CDNS	0.89	-0.6	0.0	0.7		-0.72	0.86	0.84	CDNS
NTWK	-0.67	0.58	0.0	-0.48	-0.72		-0.64	-0.8	NTWK
STRA	0.91	-0.59	0.0	0.82	0.86	-0.64		0.81	STRA
UTI	0.88	-0.78	0.0	0.81	0.84	-0.8	0.81		UTI
	LINC	VSTA	ZNAE	ONTF	CDNS	NTWK	STRA	UTI

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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

STRA	+ 0.91	LINC
CDNS	+ 0.89	LINC
UTI	+ 0.88	LINC
STRA	+ 0.86	CDNS
UTI	+ 0.84	CDNS
STRA	+ 0.82	ONTF

High negative correlations

UTI	- 0.8	NTWK
UTI	- 0.78	VSTA
NTWK	- 0.72	CDNS
ONTF	- 0.7	VSTA
NTWK	- 0.67	LINC
STRA	- 0.64	NTWK

Risk-Adjusted Indicators

There is a big difference between Greentown Pink Sheet performing well and Greentown Management 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 Greentown Management'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
LINC	1.93	0.44	0.20	0.86	1.87	(2.24)	4.40	(3.85)	14.72
VSTA	2.41	(0.19)	0.00	(0.30)	0.00	0.00	3.85	(5.56)	21.46
ZNAE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ONTF	1.44	0.16	0.08	0.31	1.71	(1.61)	3.03	(2.86)	12.08
CDNS	1.70	0.24	0.10	2.89	2.12	(1.79)	2.92	(4.40)	18.93
NTWK	1.69	(0.12)	0.00	1.39	0.00	0.00	3.13	(4.95)	13.18
STRA	1.14	0.03	0.02	0.09	1.44	(1.15)	2.17	(2.22)	13.91
UTI	2.11	0.81	0.32	0.88	1.85	(2.53)	4.59	(3.14)	27.29

Be your own money manager

Our tools can tell you how much better you can do entering a position in Greentown Management 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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Greentown Management Corporate Management

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