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.
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Moving together with Greenlight Stock
| 0.67 | HG | Hamilton Insurance Group, | PairCorr |
| 0.65 | AHL-PD | Aspen Insurance Holdings | PairCorr |
| 0.62 | SPNT | Siriuspoint | PairCorr |
Moving against Greenlight Stock
| 0.76 | PX | P10 Inc | PairCorr |
| 0.62 | PT | Pintec Technology | PairCorr |
| 0.61 | WD | Walker Dunlop | PairCorr |
| 0.54 | RM | Regional Management Corp | PairCorr |
| 0.45 | WU | Western Union | PairCorr |
| 0.31 | LX | Lexinfintech Holdings | PairCorr |
Related Correlations Analysis
| 0.79 | 0.45 | 0.55 | 0.69 | -0.69 | 0.0 | SPNT | ||
| 0.79 | 0.37 | 0.22 | 0.39 | -0.28 | 0.0 | RGA | ||
| 0.45 | 0.37 | 0.33 | 0.74 | -0.52 | 0.0 | OXBR | ||
| 0.55 | 0.22 | 0.33 | 0.64 | -0.68 | 0.0 | GBLI | ||
| 0.69 | 0.39 | 0.74 | 0.64 | -0.82 | 0.0 | ESGR | ||
| -0.69 | -0.28 | -0.52 | -0.68 | -0.82 | 0.0 | AMSF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HALL | ||
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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 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPNT | 1.49 | 0.31 | 0.10 | (1.00) | 1.26 | 3.13 | 11.29 | |||
| RGA | 1.18 | 0.00 | (0.01) | 0.13 | 1.29 | 2.36 | 8.14 | |||
| OXBR | 5.68 | 0.61 | 0.11 | 0.46 | 5.90 | 15.44 | 37.32 | |||
| GBLI | 1.53 | 0.17 | 0.00 | (0.37) | 1.78 | 4.95 | 11.41 | |||
| ESGR | 0.15 | 0.02 | (0.64) | (0.63) | 0.07 | 0.37 | 0.85 | |||
| AMSF | 1.07 | (0.18) | 0.00 | (0.22) | 0.00 | 1.76 | 8.39 | |||
| HALL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Greenlight Capital Corporate Management
| Jim Ehman | Head Islands | Profile | |
| Regan Cairns | Chief Islands | Profile | |
| Adam Prior | IR Contact Officer | Profile | |
| Steven Archambault | Chief Officer | Profile | |
| Thomas Curnock | Chief Officer | Profile | |
| Sherry Diaz | Controller | Profile |