Everyman Media Correlations

EMAN Stock

43.50 0.50 1.14%

The current 90-days correlation between Everyman Media Group and Air Products Chemicals is -0.26 (i.e., Very good diversification). The correlation of Everyman Media 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.

Everyman Media Correlation With Market

Significant diversification

The correlation between Everyman Media Group and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Everyman Media Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Everyman Stock

0.73	QBT	Quantum Blockchain	Pair Corr
0.56	0P6O	Volkswagen AG Non	Pair Corr
0.5	0R1W	Walmart	Pair Corr
0.5	RR	Rolls Royce Holdings	Pair Corr
0.47	0YTR	Wyndham Hotels Resorts	Pair Corr
0.45	CPG	Compass Group PLC	Pair Corr
0.44	0P6N	Volkswagen AG	Pair Corr
0.36	GROC	Greenroc Mining PLC	Pair Corr
0.34	TUN	Tungsten West PLC	Pair Corr

Related Correlations Analysis

	0HBH	JD	0W19	JUP	0LEE	0ILW	0NVL	0HJI
0HBH		0.1	-0.3	-0.16	-0.58	0.55	0.06	0.46	0HBH
JD	0.1		-0.5	-0.27	0.15	0.62	0.63	0.01	JD
0W19	-0.3	-0.5		0.52	0.2	-0.54	-0.55	-0.09	0W19
JUP	-0.16	-0.27	0.52		0.12	0.06	0.09	-0.17	JUP
0LEE	-0.58	0.15	0.2	0.12		0.0	0.17	-0.31	0LEE
0ILW	0.55	0.62	-0.54	0.06	0.0		0.74	0.07	0ILW
0NVL	0.06	0.63	-0.55	0.09	0.17	0.74		-0.23	0NVL
0HJI	0.46	0.01	-0.09	-0.17	-0.31	0.07	-0.23		0HJI
	0HBH	JD	0W19	JUP	0LEE	0ILW	0NVL	0HJI

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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

0NVL	+ 0.74	0ILW
0NVL	+ 0.63	JD
0ILW	+ 0.62	JD
0ILW	+ 0.55	0HBH
JUP	+ 0.52	0W19
0HJI	+ 0.46	0HBH

High negative correlations

0LEE	- 0.58	0HBH
0NVL	- 0.55	0W19
0ILW	- 0.54	0W19
0W19	- 0.5	JD
0HJI	- 0.31	0LEE
0W19	- 0.3	0HBH

Risk-Adjusted Indicators

There is a big difference between Everyman Stock performing well and Everyman Media 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 Everyman Media'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
0HBH	0.99	(0.05)	0.00	(0.17)	0.00	0.00	2.49	(1.56)	5.75
JD	1.85	(0.71)	0.00	2.91	0.00	0.00	3.32	(3.90)	16.70
0W19	1.59	0.10	0.04	0.84	1.74	(1.86)	3.87	(3.25)	16.05
JUP	1.50	(0.16)	0.00	(1.60)	0.00	0.00	2.63	(3.00)	11.37
0LEE	1.34	0.05	0.01	0.13	2.90	(1.29)	3.02	(1.86)	17.00
0ILW	0.73	(0.22)	0.00	(0.64)	0.00	0.00	1.09	(1.85)	4.47
0NVL	1.79	(0.28)	0.00	1.18	0.00	0.00	3.13	(4.08)	18.06
0HJI	0.70	0.03	0.01	0.48	0.86	(0.72)	1.20	(1.28)	7.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Everyman Media 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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