Eagle Pointome Correlations
| EICC Stock | 25.05 0.01 0.04% |
The current 90-days correlation between Eagle Pointome and General American Investors is 0.04 (i.e., Significant diversification). The correlation of Eagle Pointome 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.
Eagle Pointome Correlation With Market
Very poor diversification
The correlation between Eagle Pointome and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Pointome and DJI in the same portfolio, assuming nothing else is changed.
Eagle |
The ability to find closely correlated positions to Eagle Pointome could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Pointome 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 Eagle Pointome - 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 Eagle Pointome to buy it.
Moving together with Eagle Pink Sheet
| 0.74 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.88 | TSM | Taiwan Semiconductor | PairCorr |
| 0.82 | LTSK | Ladenburg Thalmann | PairCorr |
| 0.84 | EDRVF | EDP Renovaveis | PairCorr |
| 0.77 | MLSPF | Melrose Industries PLC | PairCorr |
| 0.82 | CLOEF | Cloetta AB ser | PairCorr |
| 0.71 | DTE | DTE Energy | PairCorr |
| 0.86 | BHPLF | BHP Group Limited | PairCorr |
| 0.91 | TKR | Timken Company | PairCorr |
| 0.71 | TSEM | Tower Semiconductor | PairCorr |
| 0.85 | SWGAY | Swatch Group AG | PairCorr |
| 0.74 | ARMK | Aramark Holdings | PairCorr |
| 0.89 | GAM | General American Inv | PairCorr |
| 0.75 | OZK | Bank Ozk | PairCorr |
| 0.68 | TRNO | Terreno Realty | PairCorr |
| 0.72 | PSPSF | PSP Swiss Property | PairCorr |
| 0.82 | BIRDF | Bird Construction | PairCorr |
| 0.86 | LIN | Linde plc Ordinary | PairCorr |
| 0.88 | SAPMF | Saipem SpA | PairCorr |
| 0.8 | TEXG | Terax Energy | PairCorr |
| 0.79 | LONKF | Lonking Holdings | PairCorr |
| 0.86 | NEWTH | NewtekOne 8625 percent | PairCorr |
| 0.84 | BBWI | Bath Body Works Earnings Call This Week | PairCorr |
| 0.8 | RCIT | Reelcause | PairCorr |
| 0.66 | CP | Canadian Pacific Railway | PairCorr |
| 0.67 | APPCF | APAC Resources | PairCorr |
Moving against Eagle Pink Sheet
Related Correlations Analysis
| -0.3 | 0.49 | 0.82 | 0.75 | -0.51 | MSIF | ||
| -0.3 | -0.39 | -0.27 | -0.06 | 0.78 | NEWT | ||
| 0.49 | -0.39 | 0.21 | 0.11 | -0.35 | NCDL | ||
| 0.82 | -0.27 | 0.21 | 0.95 | -0.64 | ECC | ||
| 0.75 | -0.06 | 0.11 | 0.95 | -0.52 | OCCI | ||
| -0.51 | 0.78 | -0.35 | -0.64 | -0.52 | GAM | ||
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 Eagle Pink Sheet performing well and Eagle Pointome 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 Eagle Pointome'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSIF | 1.30 | (0.13) | 0.00 | (0.33) | 0.00 | 2.50 | 6.43 | |||
| NEWT | 1.76 | 0.18 | 0.10 | 0.17 | 2.23 | 4.67 | 13.38 | |||
| NCDL | 1.16 | (0.17) | 0.00 | (0.13) | 0.00 | 2.39 | 5.78 | |||
| ECC | 1.89 | (0.43) | 0.00 | (0.59) | 0.00 | 3.33 | 12.05 | |||
| OCCI | 1.81 | (0.49) | 0.00 | (3.23) | 0.00 | 2.91 | 17.70 | |||
| GAM | 0.48 | 0.08 | 0.08 | 0.20 | 0.35 | 1.29 | 2.76 |
Eagle Pointome Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eagle Pointome pink sheet to make a market-neutral strategy. Peer analysis of Eagle Pointome could also be used in its relative valuation, which is a method of valuing Eagle Pointome by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |