Elcom International Correlations
| ELCODelisted Stock | USD 10.00 0.00 0.00% |
The current 90-days correlation between Elcom International and NuGene International is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elcom International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elcom International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Elcom International Correlation With Market
Good diversification
The correlation between Elcom International and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elcom International and DJI in the same portfolio, assuming nothing else is changed.
Elcom |
The ability to find closely correlated positions to Elcom International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elcom International 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 Elcom International - 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 Elcom International to buy it.
Moving together with Elcom Pink Sheet
Moving against Elcom Pink Sheet
| 0.85 | DUOT | Duos Technologies Downward Rally | PairCorr |
| 0.8 | BL | Blackline | PairCorr |
| 0.8 | DOCU | DocuSign | PairCorr |
| 0.75 | DSGX | Descartes Systems | PairCorr |
| 0.71 | AI | C3 Ai Inc Trending | PairCorr |
| 0.71 | VERX | Vertex | PairCorr |
| 0.69 | DOMO | Domo Inc Earnings Call This Week | PairCorr |
| 0.63 | WK | Workiva | PairCorr |
| 0.62 | DUOL | Duolingo | PairCorr |
| 0.59 | DT | Dynatrace Holdings LLC | PairCorr |
| 0.58 | VS | Versus Systems | PairCorr |
| 0.58 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.53 | ML | MoneyLion | PairCorr |
| 0.53 | ZI | ZoomInfo Technologies | PairCorr |
| 0.48 | DJCO | Daily Journal Corp | PairCorr |
| 0.45 | DTRK | DATATRAK International | PairCorr |
| 0.44 | EB | Eventbrite Class A | PairCorr |
| 0.44 | QH | Quhuo | PairCorr |
| 0.43 | KC | Kingsoft Cloud Holdings Tech Boost | PairCorr |
| 0.38 | VMEO | Vimeo Inc | PairCorr |
| 0.35 | PD | Pagerduty Earnings Call This Week | PairCorr |
| 0.77 | DIDIY | Didi Global ADR | PairCorr |
| 0.67 | FICO | Fair Isaac | PairCorr |
| 0.66 | ANY | Sphere 3D Corp | PairCorr |
| 0.65 | WFCF | Where Food Comes | PairCorr |
| 0.61 | EGHT | 8x8 Common Stock | PairCorr |
| 0.46 | ENFN | Enfusion | PairCorr |
| 0.44 | API | Agora Inc | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Elcom Pink Sheet performing well and Elcom 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 Elcom 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NUGN | 10.17 | (0.26) | 0.00 | (0.06) | 0.00 | 20.00 | 130.00 | |||
| INPX | 4.54 | (1.54) | 0.00 | 12.04 | 0.00 | 5.71 | 49.23 | |||
| ZM | 1.46 | 0.40 | 0.22 | 0.70 | 1.26 | 2.93 | 16.91 | |||
| BOMO | 30.50 | 10.13 | 0.26 | (5.04) | 20.67 | 100.00 | 201.17 | |||
| EPAZ | 9.45 | 1.50 | 0.06 | (0.53) | 9.69 | 25.00 | 73.33 | |||
| ASTA | 10.31 | (0.30) | 0.00 | (0.01) | 0.00 | 25.00 | 68.57 | |||
| DRCR | 9.91 | 1.56 | 0.08 | (0.54) | 11.24 | 27.11 | 85.00 | |||
| CXAI | 3.59 | (0.99) | 0.00 | (0.40) | 0.00 | 7.10 | 31.25 | |||
| IDAI | 4.43 | (1.08) | 0.00 | (4.39) | 0.00 | 5.88 | 47.05 | |||
| FRGT | 5.61 | (1.94) | 0.00 | (0.57) | 0.00 | 12.73 | 41.50 |
View Elcom International Related Equities
| Risk & Return | Correlation |
Still Interested in Elcom International?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.