Euroapi SA Correlations

EAPIF Stock

USD 2.63 0.84 24.21%

The current 90-days correlation between Euroapi SA and Northwest Biotherapeutics is -0.13 (i.e., Good diversification). The correlation of Euroapi SA 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.

Euroapi SA Correlation With Market

Good diversification

The correlation between Euroapi SA and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Euroapi SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Euroapi SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euroapi SA 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 Euroapi SA - 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 Euroapi SA to buy it.

Moving against Euroapi Pink Sheet

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0.53	ABT	Abbott Laboratories	Pair Corr
0.39	DXCM	DexCom Inc	Pair Corr
0.36	SMMNY	Siemens Healthineers	Pair Corr
0.32	SEMHF	Siemens Healthineers	Pair Corr
0.52	ISPO	Inspirato	Pair Corr
0.48	GLGDF	GoGold Resources	Pair Corr
0.37	GSVRF	Guanajuato Silver	Pair Corr
0.34	DHIL	Diamond Hill Investment	Pair Corr
0.32	126650BJ8	CVS HEALTH P	Pair Corr
0.63	500688AD8	KOS 75 01	Pair Corr
0.62	571748BS0	MMC 625 01	Pair Corr
0.38	ANPMF	Andean Precious Metals	Pair Corr

Related Correlations Analysis

	IOBCF	NWBO	DMTRF	THOXF	CLVLF	KSIOF	PRRUF	LBLTF	CYDY	CMVLF
IOBCF		-0.08	0.2	0.0	0.21	0.39	0.41	0.0	0.0	0.01	IOBCF
NWBO	-0.08		0.1	0.0	0.08	0.05	0.16	0.0	-0.06	-0.33	NWBO
DMTRF	0.2	0.1		0.0	0.05	-0.38	0.63	0.0	0.58	0.05	DMTRF
THOXF	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	0.0	0.0	THOXF
CLVLF	0.21	0.08	0.05	0.0		0.31	0.07	0.0	0.14	-0.49	CLVLF
KSIOF	0.39	0.05	-0.38	0.0	0.31		-0.22	0.0	-0.57	-0.47	KSIOF
PRRUF	0.41	0.16	0.63	0.0	0.07	-0.22		0.0	0.2	0.08	PRRUF
LBLTF	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		0.0	0.0	LBLTF
CYDY	0.0	-0.06	0.58	0.0	0.14	-0.57	0.2	0.0		-0.02	CYDY
CMVLF	0.01	-0.33	0.05	0.0	-0.49	-0.47	0.08	0.0	-0.02		CMVLF
	IOBCF	NWBO	DMTRF	THOXF	CLVLF	KSIOF	PRRUF	LBLTF	CYDY	CMVLF

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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

PRRUF	+ 0.63	DMTRF
CYDY	+ 0.58	DMTRF
PRRUF	+ 0.41	IOBCF
KSIOF	+ 0.39	IOBCF
KSIOF	+ 0.31	CLVLF
CLVLF	+ 0.21	IOBCF

High negative correlations

LBLTF	- 1.0	THOXF
CYDY	- 0.57	KSIOF
CMVLF	- 0.49	CLVLF
CMVLF	- 0.47	KSIOF
KSIOF	- 0.38	DMTRF
CMVLF	- 0.33	NWBO

Risk-Adjusted Indicators

There is a big difference between Euroapi Pink Sheet performing well and Euroapi SA 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 Euroapi SA'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
IOBCF	1.20	0.13	0.01	(2.71)	1.59	(6.45)	4.91	(2.78)	15.77
NWBO	2.86	0.03	0.00	0.12	3.16	(5.33)	4.35	(4.55)	28.00
DMTRF	1.51	0.73	0.00	1.24	0.00	0.00	0.00	0.00	27.33
THOXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLVLF	0.91	(0.01)	(0.01)	0.03	1.71	(5.76)	1.75	(5.17)	17.00
KSIOF	2.10	(0.33)	0.00	(0.21)	0.00	0.00	4.41	(4.90)	20.01
PRRUF	1.65	0.71	0.00	12.29	0.00	0.00	3.85	0.00	38.89
LBLTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CYDY	2.91	0.15	0.00	(0.09)	3.33	(5.42)	8.00	(6.45)	24.19
CMVLF	2.54	1.14	0.00	(4.35)	0.00	0.00	0.00	0.00	74.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in Euroapi SA 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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Euroapi SA Corporate Management

Cecile Maupas	Chief Officer	Profile
James DeYonker	Compliance Legal	Profile
Bruno Laforge	Chief Officer	Profile
Eric Berger	Chief Officer	Profile
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Antoine Delcour	Chief Officer	Profile
Kai Rossen	Chief Officer	Profile

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