Urban Gro Correlations

UGRO Stock

USD 0.32 0.03 7.23%

The current 90-days correlation between Urban Gro and Gencor Industries is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Urban Gro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Urban Gro moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Urban Gro Correlation With Market

Modest diversification

The correlation between Urban Gro and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Urban Gro and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Urban Gro. 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.

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Moving together with Urban Stock

0.61

HCAI

Huachen AI Parking

Pair Corr

Moving against Urban Stock

0.84	GENC	Gencor Industries	Pair Corr
0.81	CAT	Caterpillar	Pair Corr
0.81	MTW	Manitowoc	Pair Corr
0.8	ALG	Alamo Group	Pair Corr
0.78	OSK	Oshkosh	Pair Corr
0.78	TEX	Terex	Pair Corr
0.78	REVG	Rev Group	Pair Corr
0.78	SHYF	Shyft Group	Pair Corr
0.78	BLBD	Blue Bird Corp	Pair Corr
0.74	AGCO	AGCO	Pair Corr
0.72	LNN	Lindsay	Pair Corr
0.71	CNH	CNH Industrial NV	Pair Corr
0.71	ARTW	Arts Way Manufacturing	Pair Corr
0.7	ASTE	Astec Industries	Pair Corr
0.69	DE	Deere Company	Pair Corr
0.66	TWI	Titan International	Pair Corr
0.63	PCAR	PACCAR Inc	Pair Corr
0.62	HYFM	Hydrofarm Holdings	Pair Corr
0.58	VAPEW	CEA Industries Symbol Change	Pair Corr
0.54	HY	Hyster Yale Materials	Pair Corr
0.52	AGFY	Agrify Corp	Pair Corr
0.32	VAPE	Vape Holdings Symbol Change	Pair Corr
0.83	CW	Curtiss Wright	Pair Corr
0.83	DY	Dycom Industries	Pair Corr
0.82	AL	Air Lease	Pair Corr
0.81	CR	Crane Company	Pair Corr
0.81	GE	GE Aerospace	Pair Corr
0.77	J	Jacobs Solutions	Pair Corr
0.74	BA	Boeing Aggressive Push	Pair Corr
0.74	BW	Babcock Wilcox Enter	Pair Corr
0.74	IR	Ingersoll Rand	Pair Corr
0.73	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.72	AP	Ampco Pittsburgh	Pair Corr
0.71	LZ	LegalZoom	Pair Corr
0.67	R	Ryder System	Pair Corr
0.67	BE	Bloom Energy Corp	Pair Corr

Related Correlations Analysis

	HYFM	GENC	ARTW	CUBXF	AGFY	TLIS	IPW	BVS
HYFM		0.77	0.69	-0.69	0.73	0.0	0.45	-0.81	HYFM
GENC	0.77		0.82	-0.89	0.62	0.0	0.52	-0.68	GENC
ARTW	0.69	0.82		-0.77	0.43	0.0	0.57	-0.52	ARTW
CUBXF	-0.69	-0.89	-0.77		-0.48	0.0	-0.57	0.58	CUBXF
AGFY	0.73	0.62	0.43	-0.48		0.0	0.15	-0.72	AGFY
TLIS	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TLIS
IPW	0.45	0.52	0.57	-0.57	0.15	0.0		-0.24	IPW
BVS	-0.81	-0.68	-0.52	0.58	-0.72	0.0	-0.24		BVS
	HYFM	GENC	ARTW	CUBXF	AGFY	TLIS	IPW	BVS

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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

ARTW	+ 0.82	GENC
GENC	+ 0.77	HYFM
AGFY	+ 0.73	HYFM
ARTW	+ 0.69	HYFM
AGFY	+ 0.62	GENC
BVS	+ 0.58	CUBXF

High negative correlations

CUBXF	- 0.89	GENC
BVS	- 0.81	HYFM
CUBXF	- 0.77	ARTW
BVS	- 0.72	AGFY
CUBXF	- 0.69	HYFM
BVS	- 0.68	GENC

Risk-Adjusted Indicators

There is a big difference between Urban Stock performing well and Urban Gro 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 Urban Gro'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
HYFM	5.16	1.09	0.19	1.35	5.00	(6.45)	10.59	(8.86)	41.10
GENC	2.61	0.16	0.07	0.36	2.88	(2.98)	5.12	(5.29)	19.77
ARTW	2.68	0.45	0.13	0.90	2.49	(3.14)	6.08	(4.21)	20.25
CUBXF	11.36	1.84	0.04	(0.44)	13.41	(30.04)	29.41	(23.53)	246.32
AGFY	6.04	0.91	0.12	2.84	5.70	(6.75)	16.48	(8.90)	47.22
TLIS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IPW	4.53	0.70	0.09	3.60	4.46	(6.09)	12.50	(7.58)	33.33
BVS	2.28	(0.39)	0.00	(0.13)	0.00	0.00	3.92	(4.78)	17.69

Urban Gro Corporate Management

Kevin Costenaro	Senior Operations	Profile
Brett Cherniack	Vice Sales	Profile
Christian Monson	Executive Counsel	Profile
Michael Sipperley	Senior Accounting	Profile
NCARB AIA	Senior Architecture	Profile
Ryan Ninness	Senior Technology	Profile

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