Elementis Plc Correlations
| E3E Stock | EUR 1.94 0.06 3.19% |
The current 90-days correlation between Elementis plc and Hong Kong Exchanges is -0.08 (i.e., Good diversification). The correlation of Elementis Plc 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Elementis Plc Correlation With Market
Very poor diversification
The correlation between Elementis plc and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elementis plc and DJI in the same portfolio, assuming nothing else is changed.
Elementis |
The ability to find closely correlated positions to Elementis Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elementis Plc 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 Elementis Plc - 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 Elementis plc to buy it.
Moving together with Elementis Stock
| 0.62 | RHO | ROCHE HLDG | PairCorr |
| 0.64 | NOT | NOVARTIS N | PairCorr |
| 0.61 | MIZ | Mizuno | PairCorr |
| 0.8 | NZR | NZ REFINING CO Earnings Call Tomorrow | PairCorr |
| 0.64 | CIE1 | Ciena | PairCorr |
| 0.66 | 1QK | Aedas Homes SA | PairCorr |
| 0.69 | 4OQ1 | AGNC Investment Corp | PairCorr |
| 0.67 | KIN2 | Kinross Gold | PairCorr |
| 0.69 | F5J | Mineral Resources | PairCorr |
| 0.63 | 30Z0 | IPERIONX LTD SPADR10 | PairCorr |
| 0.77 | PUM | PUMA SE Earnings Call This Week | PairCorr |
| 0.61 | WFK | World Fuel Services | PairCorr |
Moving against Elementis Stock
| 0.74 | 5F3 | JINS HOLDINGS INC | PairCorr |
| 0.69 | SON1 | Sony Group Corp | PairCorr |
| 0.48 | ABL | Abbott Laboratories | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Elementis Stock performing well and Elementis Plc 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 Elementis Plc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABL | 1.10 | (0.15) | 0.00 | 0.27 | 0.00 | 1.95 | 14.56 | |||
| DAP | 1.24 | (0.06) | 0.00 | 0.24 | 0.00 | 2.32 | 8.54 | |||
| 6MK | 1.32 | 0.43 | 0.21 | (0.93) | 1.23 | 3.38 | 8.41 | |||
| AMD | 2.62 | (0.26) | 0.00 | 0.79 | 0.00 | 6.13 | 24.55 | |||
| 4I1 | 1.15 | 0.29 | 0.14 | (1.64) | 1.21 | 2.89 | 7.67 | |||
| W8V | 1.55 | 0.06 | 0.00 | 0.18 | 2.77 | 2.08 | 24.03 | |||
| TOTB | 0.95 | 0.26 | 0.17 | (4.17) | 0.87 | 2.23 | 5.97 | |||
| AMG | 1.45 | 0.22 | 0.07 | (0.41) | 1.60 | 3.66 | 10.69 | |||
| HBC1 | 1.12 | 0.25 | 0.13 | 0.81 | 1.28 | 2.99 | 8.75 | |||
| HK2C | 0.34 | (0.07) | 0.00 | (4.40) | 0.00 | 1.27 | 3.91 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Elementis Plc 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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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
Elementis Plc Corporate Management
Elected by the shareholders, the Elementis Plc's board of directors comprises two types of representatives: Elementis Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elementis. The board's role is to monitor Elementis Plc's management team and ensure that shareholders' interests are well served. Elementis Plc'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, Elementis Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Huibin Zhao | VP China | Profile | |
| Chris Shepherd | Chief Officer | Profile | |
| Joseph Lupia | Senior Technology | Profile | |
| Anna Lawrence | Group Counsel | Profile | |
| Mark Su | Managing Region | Profile | |
| Luc Ravenstein | VP Energy | Profile | |
| Greg Bellotti | Chief Officer | Profile |