Elauwit Connection Correlations

ELWT Stock

5.88 0.07 1.20%

The current 90-days correlation between Elauwit Connection Common and Rogers Communications is 0.1 (i.e., Average diversification). The correlation of Elauwit Connection 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.

Elauwit Connection Correlation With Market

Pay attention - limited upside

The correlation between Elauwit Connection Common and DJI is -0.74 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elauwit Connection Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Elauwit Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elauwit Connection Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Elauwit Stock

0.61

E4C

ecotel communication

Pair Corr

Moving against Elauwit Stock

0.7	AAF	Airtel Africa Plc	Pair Corr
0.64	0QYF	Comcast Corp	Pair Corr
0.57	2DZ	BREDBAND2 I SKANDSK0025	Pair Corr
0.48	KT	KT Corporation	Pair Corr
0.48	76E	COGECO INC SUBVTG	Pair Corr
0.47	ORA	Orange SA Earnings Call This Week	Pair Corr
0.45	BCE1	BCE Inc	Pair Corr
0.45	ST1	Spirit Technology Earnings Call This Week	Pair Corr
0.41	KTC	KT Corporation	Pair Corr
0.4	BCE	BCE Inc	Pair Corr
0.35	TUL1	Turkcell Iletisim	Pair Corr
0.66	IHS	IHS Holding	Pair Corr
0.65	FYBR	Frontier Communications Earnings Call This Week	Pair Corr
0.59	9AA	AIRTEL AFRICA PLC	Pair Corr
0.57	BTQ	BT Group plc	Pair Corr
0.52	OVZ	OVZON AB Earnings Call This Week	Pair Corr
0.5	CTP2	Comcast	Pair Corr
0.49	BCE	BCE Inc	Pair Corr
0.48	6VD	BD MULTI MEDIA Split	Pair Corr

Related Correlations Analysis

	DIS	TMUS	CMCSA	AMX	CHTR	TIMB	RCI
DIS		-0.51	0.24	-0.65	-0.07	-0.45	-0.42	DIS
TMUS	-0.51		-0.34	0.75	0.39	0.13	0.7	TMUS
CMCSA	0.24	-0.34		-0.23	0.53	0.53	-0.16	CMCSA
AMX	-0.65	0.75	-0.23		0.27	0.57	0.71	AMX
CHTR	-0.07	0.39	0.53	0.27		0.38	0.17	CHTR
TIMB	-0.45	0.13	0.53	0.57	0.38		0.31	TIMB
RCI	-0.42	0.7	-0.16	0.71	0.17	0.31		RCI
	DIS	TMUS	CMCSA	AMX	CHTR	TIMB	RCI

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

AMX	+ 0.75	TMUS
RCI	+ 0.71	AMX
RCI	+ 0.7	TMUS
TIMB	+ 0.57	AMX
CHTR	+ 0.53	CMCSA
TIMB	+ 0.53	CMCSA

High negative correlations

AMX	- 0.65	DIS
TMUS	- 0.51	DIS
TIMB	- 0.45	DIS
RCI	- 0.42	DIS
CMCSA	- 0.34	TMUS
AMX	- 0.23	CMCSA

Risk-Adjusted Indicators

There is a big difference between Elauwit Stock performing well and Elauwit Connection 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 Elauwit Connection'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
DIS	1.51	(0.14)	0.00	(0.06)	0.00	0.00	2.64	(2.64)	10.07
TMUS	1.17	0.11	0.03	(1.91)	1.42	(1.18)	2.45	(2.28)	6.94
CMCSA	1.30	0.33	0.18	0.87	1.32	(1.42)	2.92	(2.41)	7.92
AMX	1.12	0.05	(0.01)	2.24	1.47	(1.17)	2.82	(3.16)	6.54
CHTR	1.73	0.13	0.07	0.16	2.01	(1.90)	4.26	(3.82)	10.49
TIMB	1.54	0.25	0.08	3.66	2.01	(1.56)	3.43	(3.24)	9.25
RCI	0.99	0.07	0.00	(0.32)	1.15	(1.08)	1.82	(1.91)	8.77

Elauwit Connection Corporate Executives

Elected by the shareholders, the Elauwit Connection's board of directors comprises two types of representatives: Elauwit Connection inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elauwit. The board's role is to monitor Elauwit Connection's management team and ensure that shareholders' interests are well served. Elauwit Connection's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Elauwit Connection's outside directors are responsible for providing unbiased perspectives on the board's policies.

Sean Arnette

CFO Treasurer

Profile

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