Eurocell Plc Correlations

ECELF Stock

USD 1.82 0.00 0.00%

The correlation of Eurocell 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.

Eurocell Plc Correlation With Market

Good diversification

The correlation between Eurocell plc and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eurocell plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Eurocell 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 Eurocell 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 Eurocell 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 Eurocell plc to buy it.

Moving together with Eurocell Pink Sheet

0.68

MGMA

Metro Global Media

Pair Corr

Moving against Eurocell Pink Sheet

0.38	JCI	Johnson Controls Int	Pair Corr
0.35	DKILY	Daikin Industries	Pair Corr
0.46	EOLS	Evolus Inc	Pair Corr
0.43	ADC	Agree Realty	Pair Corr
0.34	NYMXF	Nymox Pharmaceutical	Pair Corr
0.31	AAPL	Apple Inc	Pair Corr
0.86	HMDCF	HUTCHMED Limited	Pair Corr
0.58	EGP	EastGroup Properties	Pair Corr
0.56	AMD	Advanced Micro Devices Sell-off Trend	Pair Corr
0.55	SMGKF	Smiths Group plc	Pair Corr
0.54	DNGFF	Dongfang ElectricLimited	Pair Corr
0.54	FEMY	Femasys	Pair Corr

Related Correlations Analysis

	FTGFF	HGRVF	CRAWA	DBMG	AUUMF	BUKS	YMAIF	TGHLF	CHSTF	LPKFF
FTGFF		0.0	-0.06	-0.01	0.58	0.1	-0.32	0.36	0.0	-0.43	FTGFF
HGRVF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	1.0	0.0	HGRVF
CRAWA	-0.06	0.0		0.61	-0.55	0.29	-0.07	0.34	0.0	-0.07	CRAWA
DBMG	-0.01	0.0	0.61		-0.21	0.55	-0.43	0.39	0.0	-0.54	DBMG
AUUMF	0.58	0.0	-0.55	-0.21		0.21	-0.36	0.22	0.0	-0.55	AUUMF
BUKS	0.1	0.0	0.29	0.55	0.21		-0.68	0.33	0.0	-0.72	BUKS
YMAIF	-0.32	0.0	-0.07	-0.43	-0.36	-0.68		-0.46	0.0	0.64	YMAIF
TGHLF	0.36	0.0	0.34	0.39	0.22	0.33	-0.46		0.0	-0.44	TGHLF
CHSTF	0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CHSTF
LPKFF	-0.43	0.0	-0.07	-0.54	-0.55	-0.72	0.64	-0.44	0.0		LPKFF
	FTGFF	HGRVF	CRAWA	DBMG	AUUMF	BUKS	YMAIF	TGHLF	CHSTF	LPKFF

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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

CHSTF	+ 1.0	HGRVF
LPKFF	+ 0.64	YMAIF
DBMG	+ 0.61	CRAWA
AUUMF	+ 0.58	FTGFF
BUKS	+ 0.55	DBMG
TGHLF	+ 0.39	DBMG

High negative correlations

LPKFF	- 0.72	BUKS
YMAIF	- 0.68	BUKS
LPKFF	- 0.55	AUUMF
AUUMF	- 0.55	CRAWA
LPKFF	- 0.54	DBMG
TGHLF	- 0.46	YMAIF

Risk-Adjusted Indicators

There is a big difference between Eurocell Pink Sheet performing well and Eurocell 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 Eurocell 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
FTGFF	1.99	(0.21)	0.00	(0.17)	0.00	0.00	4.36	(6.06)	15.76
HGRVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRAWA	1.54	0.17	0.03	(1.89)	1.77	(2.70)	5.48	(4.06)	14.71
DBMG	2.02	1.01	0.00	1.49	0.00	0.00	5.60	0.00	48.84
AUUMF	0.45	(0.01)	0.00	0.06	0.00	0.00	0.00	0.00	10.78
BUKS	2.38	0.79	0.28	1.17	1.92	(2.93)	5.78	(3.57)	22.24
YMAIF	0.19	(0.11)	0.00	10.15	0.00	0.00	0.00	0.00	6.51
TGHLF	0.49	0.06	0.00	0.48	0.48	(1.23)	1.50	(1.47)	6.04
CHSTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LPKFF	0.57	(0.23)	0.00	(1.40)	0.00	0.00	0.00	0.00	19.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in Eurocell 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.

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Eurocell Plc Corporate Management

Paul Walker	Group Sec	Profile
Michael Scott	CFO Director	Profile
Ian Kemp	Group Director	Profile
Bruce Stephen	Group Director	Profile
Mark Kelly	CEO Director	Profile
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