General Cannabis Correlations
| CANN Stock | USD 0.03 0.0006 2.23% |
The current 90-days correlation between General Cannabis Corp and Cansortium is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as General Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if General Cannabis Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
General Cannabis Correlation With Market
Modest diversification
The correlation between General Cannabis Corp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Cannabis Corp and DJI in the same portfolio, assuming nothing else is changed.
General |
The ability to find closely correlated positions to General Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace General Cannabis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back General Cannabis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling General Cannabis Corp to buy it.
Moving together with General Pink Sheet
Moving against General Pink Sheet
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Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between General Pink Sheet performing well and General Cannabis 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 General Cannabis' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMMJ | 31.27 | 8.10 | 0.35 | 0.35 | 15.74 | 47.06 | 898.09 | |||
| CNTMF | 5.23 | 0.34 | 0.02 | (0.73) | 5.75 | 13.04 | 39.29 | |||
| CVSI | 5.89 | 0.98 | 0.00 | 0.95 | 0.00 | 33.33 | 83.33 | |||
| GRNH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HEMP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HMPQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MRMD | 4.37 | 0.28 | 0.05 | 0.58 | 4.15 | 13.33 | 39.71 | |||
| PHOT | 4.51 | 0.57 | 0.00 | 1.74 | 0.00 | 0.00 | 175.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in General Cannabis without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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General Cannabis Corporate Management
| Timothy Brown | Chief Director | Profile | |
| Allyson Feiler | Chief Director | Profile | |
| Loree Schwartz | Chief Officer | Profile | |
| Jessica Bast | CFO Officer | Profile | |
| Bryan DeHaven | Managing Co | Profile | |
| David Hirst | Managing Supply | Profile | |
| Amie Rakoczy | VP Admin | Profile |