Gaucho Group Correlations

Stocks . USA . 
Stock . Gaucho Group Holdings
VINO Stock  USD 1.15  0.44  61.97%   
The current 90-days correlation between Gaucho Group Holdings and Digital Brands Group is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gaucho Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gaucho Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gaucho Group Correlation With Market

Average diversification

The correlation between Gaucho Group Holdings 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 Gaucho Group Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios. 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 Gaucho Stock

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  0.78FOR Forestar GroupPairCorr
  0.68FTHM Fathom HoldingsPairCorr
  0.64MDV Modiv IncPairCorr
  0.7RMR RMR GroupPairCorr
  0.63XIN Xinyuan Real EstatePairCorr
  0.62GIPR Generationome PropertiesPairCorr
  0.63HOUS Anywhere Real EstatePairCorr
  0.83HTIA Healthcare TrustPairCorr

Moving against Gaucho Stock

  0.58OZ Belpointe PREP LLCPairCorr
  0.46CBL CBL Associates PropertiesPairCorr
  0.44IRS IRSA Inversiones YPairCorr
  0.35ZG Zillow GroupPairCorr
  0.72NXDT NexPoint StrategicPairCorr
  0.43TCI Transcontinental RealtyPairCorr
  0.42AIRE reAlpha Tech CorpPairCorr
  0.33MRNO Murano Global InvestmentsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gaucho Stock performing well and Gaucho Group 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 Gaucho Group'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.

Gaucho Group Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Gaucho Group stock to make a market-neutral strategy. Peer analysis of Gaucho Group could also be used in its relative valuation, which is a method of valuing Gaucho Group by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Gaucho Group Corporate Management

Eric StearAmbassador MarketingProfile
Shari FergusonControllerProfile
Scott MathisPresident, FounderProfile
Brian SternAmbassador CapitalProfile
Gregory GassosoAmbassador DevelopmentProfile
Maria EchevarriaCOO, CFOProfile
Douglas MagnusonManaging CapitalProfile
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