Euroapi SA Correlations

EAPIF Stock

USD 2.53 0.00 0.00%

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

Pay attention - limited upside

The correlation between Euroapi SA and DJI is -0.81 (i.e., Pay attention - limited upside) 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 together with Euroapi Pink Sheet

0.68

VFSWW

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Pair Corr

Moving against Euroapi Pink Sheet

0.8	DXCM	DexCom Inc	Pair Corr
0.76	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.73	WF	Woori Financial Group	Pair Corr
0.65	GNTX	Gentex	Pair Corr
0.64	EC	Ecopetrol SA ADR	Pair Corr
0.58	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.54	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.49	PHG	Koninklijke Philips Earnings Call This Week	Pair Corr
0.48	SEMHF	Siemens Healthineers	Pair Corr
0.42	SMMNY	Siemens Healthineers	Pair Corr
0.9	BA	Boeing	Pair Corr
0.81	MRK	Merck Company Aggressive Push	Pair Corr
0.73	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.7	CVX	Chevron Corp	Pair Corr
0.69	JNJ	Johnson Johnson	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.67	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.61	INTC	Intel Aggressive Push	Pair Corr
0.52	DIS	Walt Disney	Pair Corr
0.41	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.38	BAC	Bank of America Aggressive Push	Pair Corr
0.36	MCD	McDonalds Earnings Call This Week	Pair Corr
0.33	KO	Coca Cola Aggressive Push	Pair Corr
0.33	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	IOBCF	NWBO	DMTRF	THOXF	CLVLF	KSIOF	PRRUF	LBLTF	CYDY	CMVLF
IOBCF		0.72	0.7	-0.68	0.77	0.2	0.51	0.0	-0.56	-0.58	IOBCF
NWBO	0.72		0.53	-0.3	0.43	0.2	0.33	0.0	-0.47	-0.43	NWBO
DMTRF	0.7	0.53		-0.27	0.57	0.26	0.77	0.0	-0.15	-0.87	DMTRF
THOXF	-0.68	-0.3	-0.27		-0.67	0.22	-0.11	0.0	0.39	0.24	THOXF
CLVLF	0.77	0.43	0.57	-0.67		-0.12	0.36	0.0	-0.27	-0.55	CLVLF
KSIOF	0.2	0.2	0.26	0.22	-0.12		0.44	0.0	-0.34	-0.09	KSIOF
PRRUF	0.51	0.33	0.77	-0.11	0.36	0.44		0.0	-0.28	-0.52	PRRUF
LBLTF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	LBLTF
CYDY	-0.56	-0.47	-0.15	0.39	-0.27	-0.34	-0.28	0.0		-0.15	CYDY
CMVLF	-0.58	-0.43	-0.87	0.24	-0.55	-0.09	-0.52	0.0	-0.15		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

CLVLF	+ 0.77	IOBCF
PRRUF	+ 0.77	DMTRF
NWBO	+ 0.72	IOBCF
DMTRF	+ 0.7	IOBCF
CLVLF	+ 0.57	DMTRF
DMTRF	+ 0.53	NWBO

High negative correlations

CMVLF	- 0.87	DMTRF
THOXF	- 0.68	IOBCF
CLVLF	- 0.67	THOXF
CMVLF	- 0.58	IOBCF
CYDY	- 0.56	IOBCF
CMVLF	- 0.55	CLVLF

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	1.65	0.53	0.12	(6.20)	1.14	(5.98)	5.83	(2.78)	19.42
NWBO	2.74	0.05	0.00	0.16	2.97	(6.14)	4.35	(4.17)	38.34
DMTRF	1.51	0.75	0.00	2.56	0.00	0.00	0.00	0.00	27.33
THOXF	1.44	(0.74)	0.00	26.48	0.00	0.00	0.00	0.00	48.28
CLVLF	0.77	0.34	0.00	(0.67)	0.00	0.00	1.75	0.00	14.74
KSIOF	2.29	(0.38)	0.00	(0.23)	0.00	0.00	4.41	(4.90)	15.71
PRRUF	1.89	0.47	0.00	1.96	0.00	0.00	3.85	0.00	60.76
LBLTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CYDY	2.72	0.02	(0.01)	(0.09)	2.90	(6.01)	7.69	(5.71)	24.19
CMVLF	0.38	(0.23)	0.00	(0.82)	0.00	0.00	0.00	0.00	10.71

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
Karl Rotthier	CEO Director	Profile
Antoine Delcour	Chief Officer	Profile
Kai Rossen	Chief Officer	Profile

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