Grindr Correlations
| GRND Stock | 9.76 0.16 1.61% |
The correlation of Grindr 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 Grindr moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grindr Inc 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.
Modest diversification
The correlation between Grindr Inc and NYA is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grindr Inc and NYA in the same portfolio, assuming nothing else is changed.
Grindr |
The ability to find closely correlated positions to Grindr could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grindr 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 Grindr - 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 Grindr Inc to buy it.
Moving together with Grindr Stock
| 0.65 | DJCO | Daily Journal Corp | PairCorr |
| 0.68 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
| 0.88 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
Moving against Grindr Stock
| 0.83 | VCSA | Vacasa Inc Financial Report 14th of May 2024 | PairCorr |
| 0.82 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
| 0.77 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.72 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
| 0.66 | WK | Workiva Financial Report 7th of May 2024 | PairCorr |
| 0.65 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.65 | PD | Pagerduty Financial Report 6th of June 2024 | PairCorr |
| 0.65 | QH | QuhuoLtd | PairCorr |
| 0.62 | DT | Dynatrace Holdings LLC Sell-off Trend | PairCorr |
| 0.55 | DMAN | Innovativ Media Group | PairCorr |
| 0.53 | VS | Versus Systems Financial Report 20th of May 2024 | PairCorr |
| 0.43 | NOGWQ | Nogin Inc | 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 Grindr Stock performing well and Grindr 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 Grindr'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MNTV | 0.90 | 0.49 | 2.40 | 4.16 | 0.00 | 0.43 | 20.63 | |||
| ENFN | 1.51 | 0.06 | 0.03 | 0.10 | 2.00 | 2.65 | 14.14 | |||
| VTEX | 1.70 | (0.10) | 0.00 | (0.04) | 0.00 | 4.46 | 13.64 | |||
| ONTF | 1.90 | (0.16) | 0.00 | (0.04) | 0.00 | 4.04 | 13.62 | |||
| EXFY | 4.43 | (0.44) | 0.00 | (0.06) | 0.00 | 9.09 | 28.84 | |||
| DOCU | 1.57 | (0.18) | 0.00 | (0.10) | 0.00 | 3.17 | 11.61 | |||
| GTLB | 2.37 | (0.25) | 0.00 | (0.07) | 0.00 | 4.63 | 27.00 | |||
| DUOL | 2.34 | (0.16) | 0.00 | (0.04) | 0.00 | 4.27 | 29.58 | |||
| ZI | 1.82 | (0.02) | (0.02) | 0.01 | 2.30 | 3.63 | 20.81 | |||
| BRZE | 2.06 | (0.51) | 0.00 | (0.23) | 0.00 | 2.98 | 16.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Grindr 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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Grindr Corporate Management
Elected by the shareholders, the Grindr's board of directors comprises two types of representatives: Grindr inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grindr. The board's role is to monitor Grindr's management team and ensure that shareholders' interests are well served. Grindr's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Grindr's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vandana MehtaKrantz | Chief Officer | Profile | |
| Kye Chen | Chief Officer | Profile | |
| Austin Balance | Chief Officer | Profile | |
| Zachary Katz | General Affairs | Profile | |
| Rick Marini | Chief Officer | Profile | |
| George Arison | Chief Officer | Profile |
Already Invested in Grindr Inc?
The danger of trading Grindr Inc 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 Grindr 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 Grindr. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Grindr Inc 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 Grindr Inc is a strong investment it is important to analyze Grindr's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Grindr's future performance. For an informed investment choice regarding Grindr Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grindr Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Grindr Stock analysis
When running Grindr's price analysis, check to measure Grindr'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 Grindr is operating at the current time. Most of Grindr's value examination focuses on studying past and present price action to predict the probability of Grindr's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grindr's price. Additionally, you may evaluate how the addition of Grindr to your portfolios can decrease your overall portfolio volatility.
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Is Grindr'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 Grindr. If investors know Grindr 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 Grindr 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 (0.12) | Earnings Share (0.32) | Revenue Per Share 1.491 | Quarterly Revenue Growth 0.322 | Return On Assets 0.0836 |
The market value of Grindr Inc is measured differently than its book value, which is the value of Grindr that is recorded on the company's balance sheet. Investors also form their own opinion of Grindr's value that differs from its market value or its book value, called intrinsic value, which is Grindr'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 Grindr's market value can be influenced by many factors that don't directly affect Grindr'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 Grindr's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grindr is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grindr'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.