Greenland Acquisition Correlations

GTEC Stock

USD 1.31 0.02 1.55%

The current 90-days correlation between Greenland Acquisition and Quality Industrial Corp is 0.16 (i.e., Average diversification). The correlation of Greenland Acquisition 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.

Greenland Acquisition Correlation With Market

Average diversification

The correlation between Greenland Acquisition Corp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenland Acquisition 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 Greenland Acquisition 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 income.

Moving together with Greenland Stock

0.77	GFF	Griffon	Pair Corr
0.88	WAB	Westinghouse Air Brake	Pair Corr
0.86	H	Hyatt Hotels	Pair Corr
0.62	DIBS	1StdibsCom	Pair Corr
0.69	AN	AutoNation	Pair Corr
0.67	AS	Amer Sports,	Pair Corr
0.65	BQ	Boqii Holding Limited	Pair Corr
0.7	IP	International Paper	Pair Corr
0.61	LE	Lands End	Pair Corr
0.66	SG	Sweetgreen	Pair Corr
0.83	SN	SharkNinja,	Pair Corr
0.82	SW	Smurfit WestRock plc	Pair Corr
0.63	WH	Wyndham Hotels Resorts	Pair Corr
0.7	DLTH	Duluth Holdings	Pair Corr
0.67	VIRC	Virco Manufacturing	Pair Corr
0.88	DXLG	Destination XL Group	Pair Corr
0.61	VLCN	Volcon Inc	Pair Corr

Moving against Greenland Stock

0.42	BBU	Brookfield Business	Pair Corr
0.73	VIOT	Viomi Technology ADR	Pair Corr
0.4	ZK	ZEEKR Intelligent	Pair Corr
0.39	YJ	Yunji Inc	Pair Corr
0.34	DRVN	Driven Brands Holdings	Pair Corr
0.7	EFOI	Energy Focu	Pair Corr

Related Correlations Analysis

	SHPW	JCSE	LASE	SMAWF	ATVK	BURU	QIND	BBRW	APGI	CVAT
SHPW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SHPW
JCSE	0.0		0.48	-0.63	0.29	0.23	0.22	0.0	0.17	-0.48	JCSE
LASE	0.0	0.48		-0.86	-0.42	0.8	0.86	0.0	0.17	-0.33	LASE
SMAWF	0.0	-0.63	-0.86		0.27	-0.77	-0.79	0.0	-0.23	0.44	SMAWF
ATVK	0.0	0.29	-0.42	0.27		-0.5	-0.62	0.0	0.02	-0.09	ATVK
BURU	0.0	0.23	0.8	-0.77	-0.5		0.82	0.0	0.12	-0.26	BURU
QIND	0.0	0.22	0.86	-0.79	-0.62	0.82		0.0	0.13	-0.28	QIND
BBRW	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BBRW
APGI	0.0	0.17	0.17	-0.23	0.02	0.12	0.13	0.0		-0.12	APGI
CVAT	0.0	-0.48	-0.33	0.44	-0.09	-0.26	-0.28	0.0	-0.12		CVAT
	SHPW	JCSE	LASE	SMAWF	ATVK	BURU	QIND	BBRW	APGI	CVAT

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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

QIND	+ 0.86	LASE
QIND	+ 0.82	BURU
BURU	+ 0.8	LASE
LASE	+ 0.48	JCSE
CVAT	+ 0.44	SMAWF
ATVK	+ 0.29	JCSE

High negative correlations

SMAWF	- 0.86	LASE
QIND	- 0.79	SMAWF
BURU	- 0.77	SMAWF
SMAWF	- 0.63	JCSE
QIND	- 0.62	ATVK
BURU	- 0.5	ATVK

Risk-Adjusted Indicators

There is a big difference between Greenland Stock performing well and Greenland Acquisition 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 Greenland Acquisition'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
SHPW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JCSE	3.54	(0.33)	0.00	(0.38)	0.00	0.00	7.55	(9.87)	26.18
LASE	3.93	(0.51)	0.00	(0.23)	0.00	0.00	8.36	(7.71)	37.89
SMAWF	1.96	0.35	0.17	0.34	1.86	(2.38)	4.94	(3.41)	12.28
ATVK	12.16	1.21	0.08	(1.68)	10.50	(22.34)	33.33	(20.00)	82.50
BURU	10.44	0.52	0.04	(0.18)	10.65	(14.30)	30.43	(18.84)	72.59
QIND	6.49	(1.27)	0.00	(0.94)	0.00	0.00	14.21	(14.94)	42.39
BBRW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APGI	5.93	0.75	0.05	0.49	6.98	(18.55)	25.00	(14.29)	68.33
CVAT	3.58	0.97	0.00	0.38	0.00	0.00	0.00	0.00	83.33

Greenland Acquisition Corporate Management

Lei Chen	Chief Scientist	Profile
Peter Wang	Founder Chairman	Profile
Jerry Zheng	Chief Officer	Profile
Dana Hopkins	Chief Corp	Profile

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