GrowGeneration Corp Correlations

GRWG Stock

USD 1.27 0.04 3.25%

The current 90-days correlation between GrowGeneration Corp and Evgo Inc is 0.22 (i.e., Modest diversification). The correlation of GrowGeneration Corp 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.

GrowGeneration Corp Correlation With Market

Modest diversification

The correlation between GrowGeneration Corp and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GrowGeneration Corp 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 GrowGeneration Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more detail on how to invest in GrowGeneration Stock please use our How to Invest in GrowGeneration Corp guide.

Moving together with GrowGeneration Stock

0.78	M	Macys Inc	Pair Corr
0.76	W	Wayfair	Pair Corr
0.66	BQ	Boqii Holding Limited	Pair Corr
0.9	FL	Foot Locker	Pair Corr
0.8	LE	Lands End Earnings Call This Week	Pair Corr
0.82	RH	RH Earnings Call This Week	Pair Corr
0.69	DLTH	Duluth Holdings	Pair Corr
0.71	DXLG	Destination XL Group	Pair Corr
0.93	VSCO	Victorias Secret	Pair Corr
0.87	EDUC	Educational Development	Pair Corr
0.73	WEYS	Weyco Group	Pair Corr
0.78	ETSY	Etsy Inc	Pair Corr
0.9	WINA	Winmark	Pair Corr
0.86	EVGO	Evgo Inc	Pair Corr
0.92	WOOF	Pet Acquisition LLC	Pair Corr
0.61	WRBY	Warby Parker	Pair Corr
0.87	FIVE	Five Below	Pair Corr
0.67	AAP	Advance Auto Parts	Pair Corr
0.9	AEO	American Eagle Outfitters	Pair Corr
0.88	AKA	AKA Brands Holding	Pair Corr
0.93	ANF	Abercrombie Fitch	Pair Corr
0.87	ASO	Academy Sports Outdoors	Pair Corr
0.89	AZI	Autozi Internet Tech	Pair Corr
0.66	FNKO	Funko Inc	Pair Corr
0.69	BBW	Build A Bear	Pair Corr
0.74	BGI	Birks Group	Pair Corr
0.9	BKE	Buckle Inc	Pair Corr
0.87	CAL	Continental	Pair Corr

Moving against GrowGeneration Stock

0.88	VIPS	Vipshop Holdings	Pair Corr
0.8	JD	JD Inc Adr	Pair Corr
0.52	YJ	Yunji Inc	Pair Corr
0.43	EBAY	eBay Inc	Pair Corr
0.82	AZO	AutoZone	Pair Corr

Related Correlations Analysis

	EVGO	ULTA	BBY	RH	WOOF	CHPT	DKS	AZO	SBH	EYE
EVGO		0.81	0.38	0.65	0.89	0.88	0.31	-0.7	0.84	-0.6	EVGO
ULTA	0.81		0.48	0.83	0.95	0.93	0.61	-0.83	0.88	-0.77	ULTA
BBY	0.38	0.48		0.72	0.49	0.33	0.77	-0.54	0.36	-0.18	BBY
RH	0.65	0.83	0.72		0.85	0.75	0.84	-0.82	0.78	-0.6	RH
WOOF	0.89	0.95	0.49	0.85		0.95	0.56	-0.86	0.93	-0.76	WOOF
CHPT	0.88	0.93	0.33	0.75	0.95		0.42	-0.84	0.89	-0.78	CHPT
DKS	0.31	0.61	0.77	0.84	0.56	0.42		-0.52	0.48	-0.36	DKS
AZO	-0.7	-0.83	-0.54	-0.82	-0.86	-0.84	-0.52		-0.74	0.76	AZO
SBH	0.84	0.88	0.36	0.78	0.93	0.89	0.48	-0.74		-0.69	SBH
EYE	-0.6	-0.77	-0.18	-0.6	-0.76	-0.78	-0.36	0.76	-0.69		EYE
	EVGO	ULTA	BBY	RH	WOOF	CHPT	DKS	AZO	SBH	EYE

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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

WOOF	+ 0.95	ULTA
CHPT	+ 0.95	WOOF
CHPT	+ 0.93	ULTA
SBH	+ 0.93	WOOF
WOOF	+ 0.89	EVGO
SBH	+ 0.89	CHPT

High negative correlations

AZO	- 0.86	WOOF
AZO	- 0.84	CHPT
AZO	- 0.83	ULTA
AZO	- 0.82	RH
EYE	- 0.78	CHPT
EYE	- 0.77	ULTA

Risk-Adjusted Indicators

There is a big difference between GrowGeneration Stock performing well and GrowGeneration Corp 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 GrowGeneration Corp'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
EVGO	3.50	(0.93)	0.00	(0.52)	0.00	0.00	4.01	(7.71)	29.73
ULTA	1.58	(0.19)	0.00	(0.23)	0.00	0.00	2.50	(3.94)	17.36
BBY	1.62	(0.14)	0.00	(0.18)	0.00	0.00	3.19	(3.22)	17.05
RH	2.75	(0.73)	0.00	(0.42)	0.00	0.00	3.48	(7.06)	14.65
WOOF	2.61	(0.79)	0.00	(0.86)	0.00	0.00	4.60	(6.73)	15.42
CHPT	4.08	(0.56)	0.00	(0.57)	0.00	0.00	8.77	(10.45)	27.33
DKS	1.79	(0.09)	0.00	(0.13)	0.00	0.00	3.18	(4.42)	10.08
AZO	0.95	0.13	0.14	0.24	1.07	(1.09)	2.08	(1.72)	5.90
SBH	2.12	(0.48)	0.00	(0.63)	0.00	0.00	4.00	(5.17)	10.83
EYE	2.20	0.31	0.11	0.20	2.50	(2.38)	4.71	(4.45)	16.13

GrowGeneration Corp Corporate Management

Clifton Tomasini	Vice Operations	Profile
Greg Sanders	Chief Officer	Profile
Gregory Sanders	Chief Officer	Profile
Sean Reardon	Commercial East	Profile
Darren Lampert	CEO CoFounder	Profile

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