Electreon Wireless Correlations

ELWSF Stock

USD 14.50 0.00 0.00%

The current 90-days correlation between Electreon Wireless and Mitsui ES Holdings is -0.01 (i.e., Good diversification). The correlation of Electreon Wireless 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.

Electreon Wireless Correlation With Market

Good diversification

The correlation between Electreon Wireless 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 Electreon Wireless and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Electreon Wireless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electreon Wireless 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 Electreon Wireless - 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 Electreon Wireless to buy it.

Moving together with Electreon Pink Sheet

0.64	LTOUF	Larsen Toubro Limited	Pair Corr
0.79	TLK	Telkom Indonesia Tbk	Pair Corr
0.62	PPERY	Bank Mandiri Persero	Pair Corr
0.62	PBCRY	Bank Central Asia	Pair Corr
0.7	SHIP	Seanergy Maritime	Pair Corr
0.72	AAPL	Apple Inc	Pair Corr

Moving against Electreon Pink Sheet

0.6	EME	EMCOR Group	Pair Corr
0.65	WOLF	Wolfspeed,	Pair Corr
0.5	CURLF	Curaleaf Holdings	Pair Corr
0.66	TATT	Tat Techno	Pair Corr
0.49	26442TAG2	US26442TAG22	Pair Corr
0.34	ASTI	Ascent Solar Technol Tech Boost	Pair Corr

Related Correlations Analysis

	MOPHY	MAOIF	OKENF	STGXF	HERXF	MIESF	SHMCF	DLUEY	BADFF	SNIRF
MOPHY		0.0	0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0	MOPHY
MAOIF	0.0		0.0	0.6	0.47	-0.06	0.0	0.02	-0.37	0.22	MAOIF
OKENF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	OKENF
STGXF	0.0	0.6	0.0		0.68	-0.1	0.0	0.03	-0.49	0.37	STGXF
HERXF	0.0	0.47	0.0	0.68		-0.33	0.0	-0.05	-0.9	0.77	HERXF
MIESF	0.0	-0.06	0.0	-0.1	-0.33		0.0	-0.07	0.41	-0.49	MIESF
SHMCF	1.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SHMCF
DLUEY	0.0	0.02	0.0	0.03	-0.05	-0.07	0.0		0.03	-0.04	DLUEY
BADFF	0.0	-0.37	0.0	-0.49	-0.9	0.41	0.0	0.03		-0.86	BADFF
SNIRF	0.0	0.22	0.0	0.37	0.77	-0.49	0.0	-0.04	-0.86		SNIRF
	MOPHY	MAOIF	OKENF	STGXF	HERXF	MIESF	SHMCF	DLUEY	BADFF	SNIRF

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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

SHMCF	+ 1.0	MOPHY
SNIRF	+ 0.77	HERXF
HERXF	+ 0.68	STGXF
STGXF	+ 0.6	MAOIF
HERXF	+ 0.47	MAOIF
BADFF	+ 0.41	MIESF

High negative correlations

BADFF	- 0.9	HERXF
SNIRF	- 0.86	BADFF
SNIRF	- 0.49	MIESF
BADFF	- 0.49	STGXF
BADFF	- 0.37	MAOIF
MIESF	- 0.33	HERXF

Risk-Adjusted Indicators

There is a big difference between Electreon Pink Sheet performing well and Electreon Wireless 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 Electreon Wireless' 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
MOPHY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MAOIF	0.46	(0.23)	0.00	1.54	0.00	0.00	0.00	0.00	10.28
OKENF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STGXF	0.19	(0.09)	0.00	0.56	0.00	0.00	0.00	0.00	6.28
HERXF	0.17	(0.09)	0.00	(3.30)	0.00	0.00	0.18	(0.78)	2.86
MIESF	0.08	0.03	0.00	1.16	0.00	0.00	0.00	0.00	1.39
SHMCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DLUEY	0.64	(0.01)	0.00	0.50	0.00	0.00	0.00	0.00	20.91
BADFF	1.19	0.48	0.20	(1.30)	0.66	(2.53)	3.71	(1.45)	17.61
SNIRF	0.13	(0.07)	0.00	4.64	0.00	0.00	0.00	0.00	2.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in Electreon Wireless 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.

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Electreon Wireless Corporate Management

Oren Ezer	Chairman CoFounder	Profile
Hanan Rumbak	CoFounder Scientist	Profile
Amir Kaplan	VP Devel	Profile
Tomer Tzitar	Chief Officer	Profile
Reuven Rivlin	President	Profile
Sarit Goldstein	VP HR	Profile
Barak Duani	Chief Officer	Profile

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