Jushi Holdings Correlations
| JUSHF Stock | USD 0.87 0.21 31.82% |
The correlation of Jushi Holdings 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jushi Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jushi Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Jushi Holdings and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jushi Holdings and NYA in the same portfolio, assuming nothing else is changed.
Jushi |
The ability to find closely correlated positions to Jushi Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jushi Holdings 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 Jushi Holdings - 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 Jushi Holdings to buy it.
Moving against Jushi OTC Stock
| 0.49 | TEVA | Teva Pharmaceutical | PairCorr |
| 0.45 | NDEKY | Nitto Denko Corp | PairCorr |
| 0.43 | DAIUF | Daifuku | PairCorr |
| 0.54 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.48 | DD | Dupont De Nemours Buyout Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Jushi OTC Stock performing well and Jushi Holdings OTC Stock 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 Jushi Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EGRX | 4.06 | (0.36) | 0.00 | (0.25) | 0.00 | 8.00 | 23.10 | |||
| ANIP | 1.27 | 0.26 | 0.18 | 0.39 | 1.11 | 2.58 | 14.17 | |||
| PAHC | 2.40 | 0.55 | 0.21 | 0.32 | 2.35 | 5.14 | 15.09 | |||
| DCPH | 3.55 | 1.04 | 0.43 | 0.43 | 1.97 | 5.21 | 17.94 | |||
| PBH | 1.02 | 0.15 | 0.13 | 0.21 | 0.90 | 1.93 | 11.76 | |||
| TKNO | 3.80 | (0.77) | 0.00 | (6.02) | 0.00 | 7.44 | 36.59 | |||
| GHSI | 3.19 | 0.85 | 0.18 | (0.41) | 3.09 | 4.69 | 75.75 | |||
| LFCR | 3.30 | 0.12 | 0.01 | (0.39) | 5.90 | 9.04 | 46.34 | |||
| ORGO | 3.51 | (0.62) | 0.00 | (0.16) | 0.00 | 5.34 | 32.98 | |||
| PTPI | 4.82 | (0.58) | 0.00 | (0.28) | 0.00 | 10.00 | 49.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Jushi Holdings 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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Jushi Holdings Corporate Management
Elected by the shareholders, the Jushi Holdings' board of directors comprises two types of representatives: Jushi Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jushi. The board's role is to monitor Jushi Holdings' management team and ensure that shareholders' interests are well served. Jushi Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jushi Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tobi Lebowitz | Chief Sec | Profile | |
| James Cacioppo | Chairman Founder | Profile | |
| Nichole Upshaw | Chief Officer | Profile | |
| Louis Barack | President, Founder | Profile | |
| Michael Perlman | Ex Relations | Profile | |
| Trenton Woloveck | Chief Director | Profile | |
| James Cabral | Chief Exec | Profile |
Already Invested in Jushi Holdings?
The danger of trading Jushi Holdings is mainly related to its market volatility and OTC Stock specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Jushi Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Jushi Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Jushi Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jushi Holdings. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Jushi Holdings information on this page should be used as a complementary analysis to other Jushi Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Jushi OTC Stock analysis
When running Jushi Holdings' price analysis, check to measure Jushi Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Jushi Holdings is operating at the current time. Most of Jushi Holdings' value examination focuses on studying past and present price action to predict the probability of Jushi Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jushi Holdings' price. Additionally, you may evaluate how the addition of Jushi Holdings to your portfolios can decrease your overall portfolio volatility.
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