Eat Beyond Correlations
| EATBF Stock | USD 0.04 0 5.00% |
The current 90-days correlation between Eat Beyond Global and Elysee Development Corp is -0.12 (i.e., Good diversification). The correlation of Eat Beyond 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.
Eat Beyond Correlation With Market
Good diversification
The correlation between Eat Beyond Global and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eat Beyond Global and DJI in the same portfolio, assuming nothing else is changed.
Eat |
The ability to find closely correlated positions to Eat Beyond could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eat Beyond 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 Eat Beyond - 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 Eat Beyond Global to buy it.
Moving together with Eat Pink Sheet
Moving against Eat Pink Sheet
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| 0.63 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.61 | APO | Apollo Global Management | PairCorr |
| 0.61 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.58 | ARES | Ares Management LP Normal Trading | PairCorr |
| 0.52 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.6 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.56 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.56 | HD | Home Depot | PairCorr |
| 0.55 | WMT | Walmart Aggressive Push | PairCorr |
| 0.55 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.54 | T | ATT Inc Aggressive Push | PairCorr |
| 0.5 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.5 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.48 | HPQ | HP Inc | PairCorr |
| 0.46 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.46 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.46 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.41 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.36 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.32 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Eat Pink Sheet performing well and Eat Beyond 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 Eat Beyond'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASXSF | 3.50 | (0.05) | 0.00 | 0.19 | 0.00 | 9.52 | 32.50 | |||
| AZIHF | 1.36 | 0.11 | 0.00 | 0.69 | 2.16 | 7.70 | 18.41 | |||
| AMTPQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AZIHY | 1.30 | (0.12) | 0.00 | (0.12) | 0.00 | 6.79 | 23.68 | |||
| AIMFF | 1.44 | (0.10) | 0.00 | (0.18) | 0.00 | 2.54 | 14.05 |
Be your own money manager
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