EBullion Correlations
| EBMLDelisted Stock | USD 0 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EBullion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EBullion moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
EBullion |
The ability to find closely correlated positions to EBullion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EBullion 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 EBullion - 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 EBullion to buy it.
Moving together with EBullion Pink Sheet
| 0.68 | BKRKY | Bank Rakyat | PairCorr |
| 0.7 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.72 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.72 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.7 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.64 | EC | Ecopetrol SA ADR | PairCorr |
Moving against EBullion Pink Sheet
| 0.82 | CGXYY | China Galaxy Securities | PairCorr |
| 0.78 | IBKR | Interactive Brokers Sell-off Trend | PairCorr |
| 0.77 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.76 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.75 | MS | Morgan Stanley Sell-off Trend | PairCorr |
| 0.75 | ADSK | Autodesk | PairCorr |
| 0.74 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.73 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.71 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.71 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.69 | MS-PA | Morgan Stanley | PairCorr |
| 0.65 | GS-PA | Goldman Sachs | PairCorr |
| 0.65 | GM | General Motors Aggressive Push | PairCorr |
| 0.59 | NVDA | NVIDIA | PairCorr |
| 0.59 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.52 | SSNLF | Samsung Electronics | PairCorr |
| 0.5 | GS-PD | Goldman Sachs | PairCorr |
| 0.46 | APLD | Applied Blockchain Trending | 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 EBullion Pink Sheet performing well and EBullion 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 EBullion'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPNNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARCNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OZFRY | 1.99 | 0.81 | 0.00 | 0.64 | 0.00 | 0.00 | 66.59 | |||
| MATEF | 5.66 | 2.36 | 0.00 | (3.63) | 0.00 | 16.80 | 118.61 | |||
| ABSOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATCC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AAMTF | 1.28 | (0.25) | 0.00 | 0.75 | 0.00 | 0.00 | 37.50 | |||
| CBTTF | 6.19 | 0.10 | 0.00 | 0.01 | 0.00 | 13.43 | 47.53 | |||
| CRMZ | 2.13 | 0.63 | 0.17 | 1.19 | 1.94 | 5.45 | 18.15 |
EBullion Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with EBullion pink sheet to make a market-neutral strategy. Peer analysis of EBullion could also be used in its relative valuation, which is a method of valuing EBullion by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in EBullion?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.