ECN Capital Correlations
| ECNCF Stock | USD 2.03 0.03 1.50% |
The current 90-days correlation between ECN Capital Corp and Velocity Financial Llc is 0.12 (i.e., Average diversification). The correlation of ECN Capital 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.
ECN Capital Correlation With Market
Good diversification
The correlation between ECN Capital Corp and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECN Capital Corp and DJI in the same portfolio, assuming nothing else is changed.
ECN |
The ability to find closely correlated positions to ECN Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECN Capital 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 ECN Capital - 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 ECN Capital Corp to buy it.
Moving together with ECN Pink Sheet
| 0.85 | MBFJF | Mitsubishi UFJ Financial Normal Trading | PairCorr |
| 0.62 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.81 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.82 | PYPL | PayPal Holdings | PairCorr |
| 0.68 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.63 | HD | Home Depot | PairCorr |
| 0.86 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.81 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.89 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.81 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.78 | CSCO | Cisco Systems | PairCorr |
Moving against ECN Pink Sheet
| 0.92 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.86 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.84 | BKRKY | Bank Rakyat | PairCorr |
| 0.84 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.81 | PBCRY | Bank Central Asia | PairCorr |
| 0.78 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.75 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.66 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.39 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.32 | MMM | 3M Company Sell-off Trend | 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 ECN Pink Sheet performing well and ECN Capital 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 ECN Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PFSI | 1.20 | (0.07) | 0.00 | (0.06) | 0.00 | 2.05 | 7.68 | |||
| VEL | 0.59 | 0.05 | (0.02) | 0.24 | 0.71 | 1.64 | 3.96 | |||
| OCN | 1.90 | 0.30 | 0.06 | (0.89) | 2.40 | 4.38 | 20.86 | |||
| ECPG | 1.30 | (0.02) | 0.01 | 0.09 | 1.35 | 2.57 | 9.26 | |||
| GHI | 1.35 | (0.22) | 0.00 | 1.42 | 0.00 | 2.09 | 11.65 | |||
| UWMC | 1.76 | (0.57) | 0.00 | (0.82) | 0.00 | 3.10 | 9.91 | |||
| LDI | 3.43 | (0.40) | 0.00 | (0.01) | 0.00 | 8.61 | 26.03 | |||
| COOP | 1.27 | 0.04 | (0.01) | 0.19 | 1.40 | 2.86 | 9.12 | |||
| WD | 1.22 | (0.02) | (0.02) | 0.08 | 1.20 | 3.46 | 7.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ECN Capital 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.Did you try this?
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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
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ECN Capital Corporate Management
| Matt Nelson | Pres CEO | Profile | |
| Mary Koenig | Chief VP | Profile | |
| Hans Kraaz | CEO LLC | Profile | |
| Michael Tolbert | Pres Services | Profile | |
| Matthew Heidelberg | Chief Services | Profile | |
| Steve Grosso | Chief US | Profile |