Grindr Correlations

GRND Stock

16.70 0.24 1.42%

The correlation of Grindr 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.

Grindr Correlation With Market

Average diversification

The correlation between Grindr Inc and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grindr Inc 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 Grindr Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Grindr Stock

0.76	DT	Dynatrace Holdings LLC	Pair Corr
0.63	DUOL	Duolingo	Pair Corr
0.61	EGHT	8x8 Common Stock	Pair Corr
0.67	ESTC	Elastic NV	Pair Corr
0.67	APP	Applovin Corp	Pair Corr

Related Correlations Analysis

	MNTV	ENFN	VTEX	ONTF	EXFY	DOCU	GTLB	DUOL	ZI	BRZE
MNTV		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MNTV
ENFN	0.0		-0.04	-0.12	0.02	-0.31	0.34	0.25	0.21	-0.29	ENFN
VTEX	0.0	-0.04		0.91	0.05	0.76	0.79	0.72	-0.71	0.82	VTEX
ONTF	0.0	-0.12	0.91		0.12	0.84	0.77	0.65	-0.53	0.86	ONTF
EXFY	0.0	0.02	0.05	0.12		0.17	0.18	0.12	0.21	-0.04	EXFY
DOCU	0.0	-0.31	0.76	0.84	0.17		0.56	0.34	-0.39	0.89	DOCU
GTLB	0.0	0.34	0.79	0.77	0.18	0.56		0.78	-0.31	0.58	GTLB
DUOL	0.0	0.25	0.72	0.65	0.12	0.34	0.78		-0.34	0.39	DUOL
ZI	0.0	0.21	-0.71	-0.53	0.21	-0.39	-0.31	-0.34		-0.52	ZI
BRZE	0.0	-0.29	0.82	0.86	-0.04	0.89	0.58	0.39	-0.52		BRZE
	MNTV	ENFN	VTEX	ONTF	EXFY	DOCU	GTLB	DUOL	ZI	BRZE

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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

ONTF	+ 0.91	VTEX
BRZE	+ 0.89	DOCU
BRZE	+ 0.86	ONTF
DOCU	+ 0.84	ONTF
BRZE	+ 0.82	VTEX
GTLB	+ 0.79	VTEX

High negative correlations

ZI	- 0.71	VTEX
ZI	- 0.53	ONTF
BRZE	- 0.52	ZI
ZI	- 0.39	DOCU
ZI	- 0.34	DUOL
ZI	- 0.31	GTLB

Risk-Adjusted Indicators

There is a big difference between Grindr Stock performing well and Grindr 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 Grindr'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
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENFN	1.18	0.11	0.10	0.34	1.61	(1.39)	3.38	(2.60)	10.10
VTEX	2.43	(0.05)	0.00	(0.12)	0.00	0.00	5.24	(5.60)	29.57
ONTF	1.54	(0.17)	0.00	(0.26)	0.00	0.00	3.08	(4.45)	8.74
EXFY	2.99	0.13	0.00	(0.02)	0.00	0.00	6.35	(5.52)	28.23
DOCU	1.67	(0.05)	0.00	(0.14)	0.00	0.00	2.33	(3.24)	17.52
GTLB	3.02	0.04	0.00	(0.07)	0.00	0.00	7.49	(5.73)	21.90
DUOL	2.89	(0.04)	0.00	(0.13)	0.00	0.00	7.31	(6.82)	25.04
ZI	2.13	0.12	0.07	0.08	2.23	(2.58)	3.82	(4.02)	27.29
BRZE	2.41	(0.17)	0.00	(0.20)	0.00	0.00	4.56	(5.15)	14.26

Grindr Corporate Management

Vandana MehtaKrantz	Chief Officer	Profile
Kye Chen	Chief Officer	Profile
Tristan Pineiro	Senior Communications	Profile
Tolu Adeofe	Head Relations	Profile
Daniel Weinstein	Chief Officer	Profile
Austin Balance	Chief Officer	Profile
Zachary Katz	General Affairs	Profile

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