ECGI Holdings Correlations
| ECGI Stock | USD 0 0.0003 16.67% |
The current 90-days correlation between ECGI Holdings and Bone Biologics Corp is -0.07 (i.e., Good diversification). The correlation of ECGI Holdings 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.
ECGI Holdings Correlation With Market
Average diversification
The correlation between ECGI Holdings and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECGI Holdings and DJI in the same portfolio, assuming nothing else is changed.
ECGI |
The ability to find closely correlated positions to ECGI Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECGI Holdings 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 ECGI Holdings - 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 ECGI Holdings to buy it.
Moving together with ECGI Pink Sheet
Moving against ECGI Pink Sheet
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Related Correlations Analysis
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ECGI Holdings Corporate Management
| Danny Wong | Acting Consultant | Profile | |
| Nicholas Bozza | Chief Officer | Profile | |
| Joseph Hashim | VP Marketing | Profile | |
| William Chung | CEO Directors | Profile | |
| Richard Owsik | Consultant | Profile |