Green Dot Correlations
| GDOT Stock | USD 10.26 0.39 3.95% |
The correlation of Green Dot 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 Green Dot moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Green Dot 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.
Significant diversification
The correlation between Green Dot and NYA is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Dot and NYA in the same portfolio, assuming nothing else is changed.
Green |
The ability to find closely correlated positions to Green Dot could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Green Dot 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 Green Dot - 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 Green Dot to buy it.
Moving together with Green Stock
| 0.76 | LC | LendingClub Corp | PairCorr |
| 0.74 | RM | Regional Management Corp | PairCorr |
| 0.72 | SYF-PB | Synchrony Financial | PairCorr |
| 0.76 | BFH | Bread Financial Holdings Financial Report 25th of July 2024 | PairCorr |
| 0.78 | NNI | Nelnet Inc | PairCorr |
Moving against Green Stock
Related Correlations Analysis
| 0.03 | -0.02 | 0.52 | 0.71 | GWRE | ||
| 0.03 | -0.25 | 0.58 | -0.09 | ENV | ||
| -0.02 | -0.25 | -0.28 | -0.09 | EVTC | ||
| 0.52 | 0.58 | -0.28 | 0.35 | AX | ||
| 0.71 | -0.09 | -0.09 | 0.35 | TRUP | ||
| 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 Green Stock performing well and Green Dot 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 Green Dot'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GWRE | 1.08 | (0.03) | 0.00 | 0.05 | 1.23 | 2.39 | 5.79 | |||
| ENV | 1.50 | 0.36 | 0.26 | 0.36 | 1.09 | 3.81 | 11.86 | |||
| EVTC | 1.31 | (0.21) | 0.00 | (3.18) | 0.00 | 2.03 | 10.97 | |||
| AX | 1.47 | 0.28 | 0.11 | (0.58) | 1.38 | 3.74 | 11.13 | |||
| TRUP | 4.31 | 0.43 | 0.09 | 0.33 | 4.81 | 13.40 | 29.54 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Green Dot 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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Green Dot Corporate Directors
Green Dot corporate directors refer to members of a Green Dot board of directors. The board of directors generally takes responsibility for the Green Dot's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Green Dot's board members must vote for the resolution. The Green Dot board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Kenneth Aldrich | Lead Independent Director | Profile | |
| Rajeev Date | Independent Director | Profile | |
| Glinda Hodges | Independent Director | Profile | |
| Saturnino Fanlo | Independent Director | Profile |
Already Invested in Green Dot?
The danger of trading Green Dot is mainly related to its market volatility and Company 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 Green Dot 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 Green Dot. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Green Dot 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.
When determining whether Green Dot is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Green Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Green Dot Stock. Highlighted below are key reports to facilitate an investment decision about Green Dot Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Green Dot. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Green Stock please use our How to Invest in Green Dot guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Green Stock analysis
When running Green Dot's price analysis, check to measure Green Dot's 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 Green Dot is operating at the current time. Most of Green Dot's value examination focuses on studying past and present price action to predict the probability of Green Dot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Green Dot's price. Additionally, you may evaluate how the addition of Green Dot to your portfolios can decrease your overall portfolio volatility.
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Is Green Dot's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Green Dot. If investors know Green will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Green Dot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Green Dot is measured differently than its book value, which is the value of Green that is recorded on the company's balance sheet. Investors also form their own opinion of Green Dot's value that differs from its market value or its book value, called intrinsic value, which is Green Dot's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Green Dot's market value can be influenced by many factors that don't directly affect Green Dot's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Green Dot's value and its price as these two are different measures arrived at by different means. Investors typically determine if Green Dot is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Green Dot's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.