Greenlight Capital Correlations

GLRE Stock  USD 13.11  0.19  1.43%   
The current 90-days correlation between Greenlight Capital and Global Indemnity PLC is 0.17 (i.e., Average diversification). The correlation of Greenlight Capital 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.

Greenlight Capital Correlation With Market

Weak diversification

The correlation between Greenlight Capital Re and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenlight Capital Re and DJI in the same portfolio, assuming nothing else is changed.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenlight Capital Re. 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.

Moving together with Greenlight Stock

  0.67HG Hamilton Insurance Group,PairCorr
  0.65AHL-PD Aspen Insurance HoldingsPairCorr
  0.62SPNT SiriuspointPairCorr

Moving against Greenlight Stock

  0.76PX P10 IncPairCorr
  0.62PT Pintec TechnologyPairCorr
  0.61WD Walker DunlopPairCorr
  0.54RM Regional Management CorpPairCorr
  0.45WU Western UnionPairCorr
  0.31LX Lexinfintech HoldingsPairCorr

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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Greenlight Stock performing well and Greenlight Capital 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 Greenlight Capital'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.

Greenlight Capital Corporate Management

Jim EhmanHead IslandsProfile
Regan CairnsChief IslandsProfile
Adam PriorIR Contact OfficerProfile
Steven ArchambaultChief OfficerProfile
Thomas CurnockChief OfficerProfile
Sherry DiazControllerProfile