Green Dot Correlations

Stocks . USA . 
Stock . Green Dot
GDOT Stock  USD 11.12  0.01  0.09%   
The current 90-days correlation between Green Dot and Custom Truck One is -0.1 (i.e., Good diversification). The correlation of Green Dot 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Green Dot Correlation With Market

Good diversification

The correlation between Green Dot and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Dot and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Green Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Green Dot. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Green Stock please use our How to Invest in Green Dot guide.

Moving together with Green Stock

  0.67LC LendingClub CorpPairCorr
  0.67QD Qudian Inc Buyout TrendPairCorr
  0.62ENVA Enova InternationalPairCorr
  0.7AXP American ExpressPairCorr
  0.62MCVT Mill City VenturesPairCorr
  0.61MFIN Medallion Financial CorpPairCorr
  0.76NAVI Navient CorpPairCorr
  0.86TRTX TPG RE FinancePairCorr
  0.73C Citigroup Earnings Call This WeekPairCorr
  0.79L Loews CorpPairCorr
  0.81DHIL Diamond Hill InvestmentPairCorr
  0.63AB AllianceBernsteinPairCorr
  0.67AC Associated CapitalPairCorr
  0.73AX Axos FinancialPairCorr
  0.7BK Bank of New York Earnings Call This WeekPairCorr
  0.72BN Brookfield CorpPairCorr
  0.73BX Blackstone GroupPairCorr
  0.66BY Byline BancorpPairCorr
  0.77CG Carlyle Group Normal TradingPairCorr
  0.63CM Canadian Imperial Bank Sell-off TrendPairCorr
  0.62DB Deutsche Bank AGPairCorr
  0.71GS Goldman Sachs GroupPairCorr
  0.8HG Hamilton Insurance Group,PairCorr
  0.74IX Orix Corp AdsPairCorr
  0.65KB KB Financial GroupPairCorr
  0.75MC MoelisPairCorr

Moving against Green Stock

  0.56EZPW EZCORP IncPairCorr
  0.37PT Pintec TechnologyPairCorr
  0.36WU Western UnionPairCorr
  0.33ORGN Origin MaterialsPairCorr
  0.47FG FG Annuities LifePairCorr

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   
EL
+ 0.9
CTOS
NWL
+ 0.73
CTOS
NWL
+ 0.64
EL
CTOS
+ 0.59
ROOOF
EL
+ 0.55
ROOOF
EL
+ 0.49
MIUFY
  
High negative correlations   
UL
- 0.06
NWL

Risk-Adjusted Indicators

There is a big difference between Green Stock performing well and Green Dot 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 Green Dot'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.

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