Urban Gro Correlations

UGRO Stock

USD 0.65 0.03 4.41%

The current 90-days correlation between Urban Gro and CEA Industries is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Urban Gro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Urban Gro moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Urban Gro Correlation With Market

Good diversification

The correlation between Urban Gro and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Urban Gro and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Urban Gro. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Urban Stock, please use our How to Invest in Urban Gro guide.

Moving together with Urban Stock

0.76	GENC	Gencor Industries	Pair Corr
0.62	CMCO	Columbus McKinnon	Pair Corr

Moving against Urban Stock

0.8	CNH	CNH Industrial NV Symbol Change	Pair Corr
0.74	TWI	Titan International	Pair Corr
0.64	DE	Deere Company	Pair Corr
0.62	LNN	Lindsay	Pair Corr
0.57	MTW	Manitowoc	Pair Corr
0.51	OSK	Oshkosh	Pair Corr
0.43	ALG	Alamo Group	Pair Corr
0.38	AGCO	AGCO	Pair Corr
0.35	ASTE	Astec Industries	Pair Corr
0.55	BZ	Kanzhun Ltd ADR	Pair Corr
0.52	CR	Crane Company	Pair Corr
0.42	CP	Canadian Pacific Railway Sell-off Trend	Pair Corr
0.79	LZ	LegalZoom	Pair Corr
0.58	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	CEAD	TWI	VLVLY	GENC	ASTE	HY	MNTX	SHYF	REVG	BIIAF
CEAD		0.41	0.46	-0.54	-0.28	0.07	0.0	-0.08	-0.31	0.0	CEAD
TWI	0.41		0.63	-0.69	0.17	0.06	0.0	-0.04	-0.03	0.0	TWI
VLVLY	0.46	0.63		-0.89	0.44	-0.47	0.0	-0.59	-0.51	0.0	VLVLY
GENC	-0.54	-0.69	-0.89		-0.3	0.42	0.0	0.59	0.52	0.0	GENC
ASTE	-0.28	0.17	0.44	-0.3		-0.42	0.0	-0.43	-0.13	0.0	ASTE
HY	0.07	0.06	-0.47	0.42	-0.42		0.0	0.9	0.74	0.0	HY
MNTX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MNTX
SHYF	-0.08	-0.04	-0.59	0.59	-0.43	0.9	0.0		0.8	0.0	SHYF
REVG	-0.31	-0.03	-0.51	0.52	-0.13	0.74	0.0	0.8		0.0	REVG
BIIAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BIIAF
	CEAD	TWI	VLVLY	GENC	ASTE	HY	MNTX	SHYF	REVG	BIIAF

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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

SHYF	+ 0.9	HY
REVG	+ 0.8	SHYF
REVG	+ 0.74	HY
VLVLY	+ 0.63	TWI
SHYF	+ 0.59	GENC
REVG	+ 0.52	GENC

High negative correlations

GENC	- 0.89	VLVLY
GENC	- 0.69	TWI
SHYF	- 0.59	VLVLY
GENC	- 0.54	CEAD
REVG	- 0.51	VLVLY
HY	- 0.47	VLVLY

Risk-Adjusted Indicators

There is a big difference between Urban Stock performing well and Urban Gro 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 Urban Gro'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
CEAD	4.24	(0.02)	0.03	(0.05)	5.17	(5.61)	10.19	(8.60)	36.65
TWI	2.56	0.27	0.06	0.07	3.25	(2.87)	6.72	(5.21)	16.08
VLVLY	1.48	0.53	0.31	0.76	1.40	(1.76)	3.16	(2.56)	11.12
GENC	2.24	(0.52)	0.00	0.43	0.00	0.00	3.65	(4.40)	15.04
ASTE	1.76	0.21	0.13	0.95	1.90	(1.95)	3.65	(2.59)	16.43
HY	1.55	(0.15)	0.00	0.23	0.00	0.00	2.75	(2.73)	15.44
MNTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHYF	2.51	(0.23)	0.00	(0.55)	0.00	0.00	4.08	(5.49)	27.14
REVG	2.04	0.04	0.04	2.01	2.68	(2.09)	3.56	(3.55)	14.34
BIIAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Urban Gro Corporate Management

Brett Cherniack	Vice Sales	Profile
Christian Monson	Executive Counsel	Profile
Michael Sipperley	Senior Accounting	Profile
Ryan Ninness	Senior Technology	Profile
Daniel MBA	Executive Relations	Profile
Chris Cullens	Executive Services	Profile

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