Green Dot Correlations

GDOT
 Stock
  

USD 19.96  0.27  1.37%   

The correlation of Green Dot is a statistical measure of how it moves in relation to other equities. 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 Corp 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.
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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 Corp to buy it.

Moving together with Green Dot

+0.77PYPLPaypal Holdings TrendingPairCorr
+0.74ORXCFOrix CorpPairCorr
+0.74IXOrix Corp ADRPairCorr
+0.63COHGCheetah Oil GasPairCorr

Moving against Green Dot

-0.63CYTRCYTRX CORPPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
MAV
DFSV
DFSMA
MAAXP
SYFDFS
AXPCOF
  
High negative correlations   
SYFPYPL

Green Dot Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Green Stock performing well and Green Dot company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Green Dot's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
COF 2.26 (0.19)  0.00 (0.05)  0.00 (0.046)  0.00  4.50 (4.25)  18.96 
V 1.37  0.00  0.00  0.06  1.68 (0.0004) (1.44)  2.47 (3.08)  8.49 
AXP 1.76 (0.11)  0.00 (0.02)  0.00 (0.0405)  0.00  3.88 (3.11)  7.57 
MA 1.55 (0.01)  0.00  0.05  1.80  0.0005 (1.67)  3.16 (3.33)  8.44 
DFS 1.79  0.00  0.01  0.06  2.03  0.0104 (1.88)  3.74 (3.02)  10.91 
PYPL 2.36 (0.29)  0.00 (0.15)  0.00 (0.08)  0.00  6.26 (4.40)  15.37 
SYF 2.31  0.05  0.03  0.09  2.89  0.0324 (2.35)  5.69 (4.21)  16.79 

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.

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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 DirectorProfile
Rajeev Date - Independent DirectorProfile
Glinda Hodges - Independent DirectorProfile
Chris Brewster - Independent DirectorProfile

Invested in Green Dot Corp?

The danger of trading Green Dot Corp 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 Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Green Dot Corp 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.
Please check Risk vs Return Analysis. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running Green Dot Corp 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 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.
Quarterly Earnings Growth YOY
(0.33) 
Market Capitalization
B
Quarterly Revenue Growth YOY
0.013
Return On Assets
0.0105
Return On Equity
0.0514
The market value of Green Dot Corp 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 Green Dot value 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.