Green Impact Correlations

Stocks . Canada . 
Stock . Green Impact Partners
GIP Stock   3.21  0.06  1.90%   
The current 90-days correlation between Green Impact Partners and Firan Technology Group is 0.07 (i.e., Significant diversification). The correlation of Green Impact 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.
  
The ability to find closely correlated positions to Green Impact could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Green Impact 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 Green Impact - 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 Green Impact Partners to buy it.

Moving against Green Stock

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Related Correlations Analysis


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

WNDR
+ 0.62
FTG
BSX
+ 0.45
SPRX
BSX
+ 0.2
ESM
MLY
+ 0.0
SPRX
FTG
+ 0.0
MLY
ESM
+ 0.0
MLY
  

High negative correlations

BSX
- 0.68
WNDR
BSX
- 0.65
FTG
ESM
- 0.42
FTG
ESM
- 0.42
SPRX
WNDR
- 0.3
ESM
WNDR
- 0.27
SPRX

Risk-Adjusted Indicators

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Green Impact 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.

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Green Impact Corporate Management

Elected by the shareholders, the Green Impact's board of directors comprises two types of representatives: Green Impact inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Green. The board's role is to monitor Green Impact's management team and ensure that shareholders' interests are well served. Green Impact's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Green Impact's outside directors are responsible for providing unbiased perspectives on the board's policies.
John SmithChief OfficerProfile
Jesse DouglasCEO DirectorProfile
Kathy CAChief OfficerProfile
Sonya KirbyChief OfficerProfile
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