Electronic Control Correlations
| EKCS Stock | USD 0.0005 0.00 0.00% |
The correlation of Electronic Control 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Electronic Control Correlation With Market
Very weak diversification
The correlation between Electronic Control Security and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Electronic Control Security and DJI in the same portfolio, assuming nothing else is changed.
Electronic |
The ability to find closely correlated positions to Electronic Control could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electronic Control 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 Electronic Control - 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 Electronic Control Security to buy it.
Moving together with Electronic Pink Sheet
| 0.91 | KT | KT Corporation | PairCorr |
| 0.75 | CMA | Comerica Incorporated | PairCorr |
| 0.76 | WLK | Westlake Chemical Buyout Trend | PairCorr |
| 0.8 | RHHVF | Roche Holding AG | PairCorr |
| 0.67 | AOIFF | Africa Oil Corp | PairCorr |
| 0.79 | ENB | Enbridge | PairCorr |
| 0.65 | DAWN | Day One Biopharmaceu | PairCorr |
| 0.63 | STRS | Stratus Properties | PairCorr |
| 0.67 | NTRSO | Northern Trust | PairCorr |
| 0.78 | LNN | Lindsay | PairCorr |
| 0.83 | AEMMY | A2A SpA ADR | PairCorr |
| 0.68 | CING | Cingulate | PairCorr |
| 0.74 | GBOOY | Grupo Financiero Banorte | PairCorr |
| 0.79 | VOD | Vodafone Group PLC | PairCorr |
| 0.63 | INGR | Ingredion Incorporated | PairCorr |
| 0.71 | XYIGY | Xinyi Glass Holdings Earnings Call Tomorrow | PairCorr |
| 0.7 | IFS | Intercorp Financial | PairCorr |
| 0.65 | MEEEF | Metal Energy Corp | PairCorr |
| 0.84 | JNJ | Johnson Johnson | PairCorr |
| 0.82 | OTSKY | Otsuka Holdings | PairCorr |
| 0.83 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.81 | BYM | BlackRock Municipal | PairCorr |
| 0.62 | TVFCF | Télévision Française | PairCorr |
| 0.73 | LTSK | Ladenburg Thalmann | PairCorr |
Moving against Electronic Pink Sheet
| 0.38 | SPR | Spirit Aerosystems | PairCorr |
| 0.31 | KULR | KULR Technology Group | PairCorr |
| 0.39 | EYPT | Eyepoint Pharmaceuticals Sell-off Trend | 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
|
Risk-Adjusted Indicators
There is a big difference between Electronic Pink Sheet performing well and Electronic Control 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 Electronic Control'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BPOL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ISON | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PACC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BBLKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TEKI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HYREQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PUDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TRUL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AOOO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EAUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Electronic Control 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?
Run Bonds Directory Now
Bonds DirectoryFind actively traded corporate debentures issued by US companies |
| All Next | Launch Module |