22nd Century Correlations

22nd Century Correlation With Market

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 22nd Century Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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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    TVRD + 0.61 TPB CANN + 0.44 GNLN CANN + 0.32 TOBAF CVSI + 0.26 TPB TVRD + 0.14 TOBAF CVSI + 0.08 CBDS

High negative correlations    TPB - 0.7 GNLN CANN - 0.66 TPB TVRD - 0.66 GNLN CVSI - 0.55 CANN CVSI - 0.32 TOBAF CBDS - 0.26 TOBAF

Risk-Adjusted Indicators

There is a big difference between 22nd Stock performing well and 22nd Century 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 22nd Century'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.