5N PLUS Correlations
| EMB Stock | EUR 16.60 0.50 2.92% |
The current 90-days correlation between 5N PLUS and Hong Kong Exchanges is 0.09 (i.e., Significant diversification). The correlation of 5N PLUS 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.
5N PLUS Correlation With Market
Very weak diversification
The correlation between 5N PLUS 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 5N PLUS and DJI in the same portfolio, assuming nothing else is changed.
EMB |
The ability to find closely correlated positions to 5N PLUS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 5N PLUS 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 5N PLUS - 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 5N PLUS to buy it.
Moving together with EMB Stock
| 0.72 | 6MK | Merck | PairCorr |
| 0.77 | 4I1 | Philip Morris Intern | PairCorr |
| 0.9 | TOTB | TotalEnergies SE | PairCorr |
| 0.81 | AMG | Amgen Inc | PairCorr |
| 0.64 | HBC1 | HSBC HLDG Earnings Call This Week | PairCorr |
| 0.67 | SSUN | Samsung Electronics | PairCorr |
| 0.69 | SSU | Samsung Electronics | PairCorr |
| 0.65 | SSUN | Samsung Electronics | PairCorr |
| 0.69 | SSU | Samsung Electronics | PairCorr |
| 0.87 | BAS | BASF SE | PairCorr |
| 0.7 | 01H | HORIBA | PairCorr |
| 0.9 | ENI | Eni SpA Earnings Call Next Week | PairCorr |
| 0.83 | NQG | Monolithic Power Systems | PairCorr |
| 0.83 | D4R | ROMIOS GOLD RES Split | PairCorr |
| 0.64 | 317A | STINGRAY GROUP INC | PairCorr |
| 0.68 | SZL | SOLSTAD OFFSHORE | PairCorr |
| 0.69 | SOBA | ATT Inc | PairCorr |
| 0.74 | CWW | Commonwealth Bank | PairCorr |
Moving against EMB Stock
| 0.61 | BZG2 | PT Bank Central | PairCorr |
| 0.59 | ABL | Abbott Laboratories | PairCorr |
| 0.59 | DAP | DANAHER (DAPSG) | PairCorr |
| 0.43 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.54 | PTI | Perusahaan Perseroan | 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
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Risk-Adjusted Indicators
There is a big difference between EMB Stock performing well and 5N PLUS 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 5N PLUS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABL | 1.08 | (0.18) | 0.00 | 0.31 | 0.00 | 1.91 | 14.56 | |||
| DAP | 1.29 | (0.10) | 0.00 | 0.16 | 0.00 | 2.32 | 8.54 | |||
| 6MK | 1.32 | 0.43 | 0.24 | 8.74 | 1.22 | 3.38 | 8.41 | |||
| AMD | 2.63 | (0.33) | 0.00 | 1.84 | 0.00 | 6.13 | 24.55 | |||
| 4I1 | 1.14 | 0.23 | 0.13 | (6.85) | 1.24 | 2.89 | 7.67 | |||
| W8V | 1.51 | 0.04 | 0.00 | (0.07) | 2.76 | 2.08 | 24.03 | |||
| TOTB | 0.93 | 0.26 | 0.19 | (2.28) | 0.89 | 2.23 | 5.97 | |||
| AMG | 1.43 | 0.20 | 0.08 | (0.50) | 1.60 | 3.66 | 10.69 | |||
| HBC1 | 1.09 | 0.22 | 0.12 | 0.50 | 1.32 | 2.99 | 8.75 | |||
| HK2C | 0.44 | (0.11) | 0.00 | (2.16) | 0.00 | 1.40 | 3.91 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 5N PLUS 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 Theme Ratings Now
Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
5N PLUS Corporate Management
Elected by the shareholders, the 5N PLUS's board of directors comprises two types of representatives: 5N PLUS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EMB. The board's role is to monitor 5N PLUS's management team and ensure that shareholders' interests are well served. 5N PLUS'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, 5N PLUS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul Tancell | Executive Materials | Profile | |
| William Alexander | Senior Management | Profile | |
| Nicholas Audet | Ex Materials | Profile | |
| Gervais Jacques | CEO Pres | Profile | |
| Richard Perron | Chief Officer | Profile | |
| Roland Dubois | Chief Semiconductors | Profile |