ENCORE CAP Correlations
| ECP Stock | EUR 47.20 2.00 4.42% |
The current 90-days correlation between ENCORE CAP GROUP and Citic Telecom International is -0.05 (i.e., Good diversification). The correlation of ENCORE CAP 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.
ENCORE CAP Correlation With Market
Poor diversification
The correlation between ENCORE CAP GROUP and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ENCORE CAP GROUP and DJI in the same portfolio, assuming nothing else is changed.
ENCORE |
The ability to find closely correlated positions to ENCORE CAP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENCORE CAP 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 ENCORE CAP - 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 ENCORE CAP GROUP to buy it.
Moving together with ENCORE Stock
| 0.61 | SEH | SHIN ETSU CHEMICAL | PairCorr |
| 0.74 | 3RB | RECKITT BENCK GRP Split | PairCorr |
| 0.65 | DP4B | AP Mller Earnings Call Today | PairCorr |
| 0.8 | FPMB | FREEPORT MCMORAN | PairCorr |
| 0.7 | PRU | Prudential plc | PairCorr |
| 0.65 | CBT | Cabot | PairCorr |
| 0.72 | VIR | Vidrala SA | PairCorr |
| 0.77 | FVJ | Fortescue Metals | PairCorr |
| 0.63 | TGE1 | Mobilezone Holding | PairCorr |
| 0.82 | TCA | Texas Capital Bancshares | PairCorr |
| 0.64 | LMO | Lithia Motors Earnings Call This Week | PairCorr |
| 0.82 | 6UY | ALLFUNDS GROUP EO | PairCorr |
| 0.7 | WAC | Wacker Neuson SE | PairCorr |
| 0.75 | FMV | First Majestic Silver | PairCorr |
| 0.74 | 3NR | NRW HLDG | PairCorr |
| 0.7 | 1ZG | Zegona Communications plc | PairCorr |
| 0.65 | BNR | Brenntag SE | PairCorr |
Moving against ENCORE Stock
| 0.77 | HK2C | Hong Kong Exchanges | PairCorr |
| 0.64 | FQI | Digital Realty Trust Earnings Call Today | PairCorr |
| 0.52 | AMD | Advanced Micro Devices | PairCorr |
| 0.38 | ABL | Abbott Laboratories | PairCorr |
| 0.45 | SOBA | ATT Inc | PairCorr |
Related Correlations Analysis
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 ENCORE Stock performing well and ENCORE CAP 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 ENCORE CAP'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BAC | 1.10 | 0.26 | 0.14 | (0.49) | 1.03 | 2.02 | 9.08 | |||
| B7O | 0.83 | (0.01) | (0.01) | 0.03 | 1.44 | 4.00 | 14.84 | |||
| HKU | 1.20 | 0.01 | (0.02) | (0.04) | 1.65 | 1.82 | 8.55 | |||
| CHWD | 0.77 | (0.06) | 0.00 | 11.58 | 0.00 | 1.16 | 12.20 | |||
| OGM1 | 4.21 | (0.63) | 0.00 | 0.75 | 0.00 | 7.43 | 42.73 | |||
| RSO | 0.94 | 0.21 | 0.17 | 0.69 | 0.77 | 1.96 | 9.45 | |||
| NU42 | 1.68 | (0.39) | 0.00 | (1.00) | 0.00 | 3.25 | 10.73 | |||
| BUI | 1.96 | 0.12 | 0.03 | 0.22 | 2.85 | 5.00 | 20.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ENCORE CAP 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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ENCORE CAP Corporate Management
Elected by the shareholders, the ENCORE CAP's board of directors comprises two types of representatives: ENCORE CAP inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ENCORE. The board's role is to monitor ENCORE CAP's management team and ensure that shareholders' interests are well served. ENCORE CAP's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ENCORE CAP's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Faryar Borhani | VP Officer | Profile | |
| Andrew JD | General VP | Profile | |
| Monique DumaisChrisope | Senior Officer | Profile | |
| Ryan Bell | I Management | Profile | |
| Bruce Thomas | Vice Relations | Profile | |
| Tracy Ting | Senior Officer | Profile |