EdgeTech International Correlations
| EGIL Stock | USD 0.0001 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EdgeTech International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EdgeTech International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
EdgeTech International Correlation With Market
Poor diversification
The correlation between EdgeTech International and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EdgeTech International and DJI in the same portfolio, assuming nothing else is changed.
Moving together with EdgeTech Stock
| 0.77 | SATS | EchoStar | PairCorr |
| 0.81 | IRIX | IRIDEX Earnings Call Today | PairCorr |
| 0.73 | KMMPF | Killam Apartment Real | PairCorr |
| 0.72 | USB-PS | US Bancorp | PairCorr |
| 0.76 | CROMF | Crombie Real Estate | PairCorr |
| 0.8 | PRO | PROS Holdings | PairCorr |
| 0.77 | DOOO | BRP Inc Symbol Change | PairCorr |
| 0.66 | GNFT | Genfit SA | PairCorr |
| 0.64 | HLN | Haleon plc | PairCorr |
| 0.68 | SAR | Saratoga Investment Corp | PairCorr |
| 0.99 | FVTI | Fortune Valley Treasures | PairCorr |
| 0.89 | QIPT | Quipt Home Medical | PairCorr |
Moving against EdgeTech Stock
| 0.65 | PBCRF | PT Bank Central | PairCorr |
| 0.5 | CMWCF | Cromwell Property | PairCorr |
| 0.7 | WHLRL | Wheeler Real Estate | 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 EdgeTech Stock performing well and EdgeTech International 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 EdgeTech International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CKYS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FBCE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RBTI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SCTN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ORSX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SQCC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NTEK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UTRK | 2.98 | 1.50 | 0.00 | 26.31 | 0.00 | 0.00 | 100.00 | |||
| HLOC | 1,568 | 816.22 | 13.32 | 8.63 | 0.00 | 95.65 | 50,450 |