5N Plus Correlations

EMB Stock

18.54 0.52 2.89%

The current 90-days correlation between 5N Plus and BANK OF CHINA is 0.04 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

5N Plus Correlation With Market

Very weak diversification

The correlation between 5N Plus and DJI is 0.56 (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.

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

0.84	RHO	ROCHE HLDG	Pair Corr
0.85	6MK	Merck	Pair Corr
0.86	NOT	NOVARTIS N	Pair Corr
0.82	4I1	Philip Morris Intern	Pair Corr
0.94	TOTB	TotalEnergies SE	Pair Corr
0.85	MIZ	Mizuno	Pair Corr
0.72	893	MITSUBISHI KAKOKI	Pair Corr
0.78	92I	ROMERIKE SPAREBANK	Pair Corr
0.95	HCMA	HITACHI CONSTRMACHADR/2	Pair Corr
0.79	YHA	Yamaha	Pair Corr
0.83	CIE1	Ciena Earnings Call This Week	Pair Corr
0.7	TEX	Castellum AB	Pair Corr
0.93	KPN	Koninklijke KPN NV	Pair Corr
0.91	SHG	Sun Hung Kai Earnings Call Today	Pair Corr
0.64	UK8	CubeSmart Earnings Call Today	Pair Corr
0.61	EMD	ENM Holdings Limited	Pair Corr
0.79	TWZ	Trican Well Service	Pair Corr
0.7	DWNI	Deutsche Wohnen SE	Pair Corr
0.75	LVN	CP ALL Public	Pair Corr
0.64	W25	West African Resources Earnings Call This Week	Pair Corr
0.93	23J	Promis Neurosciences Split	Pair Corr
0.77	RE3	Richardson Electronics	Pair Corr

Moving against EMB Stock

0.85	QCI	QUALCOMM	Pair Corr
0.79	DAP	DANAHER (DAPSG)	Pair Corr
0.65	SON1	Sony Group Corp	Pair Corr
0.62	ABL	Abbott Laboratories	Pair Corr
0.38	AMD	Advanced Micro Devices	Pair Corr
0.35	5F3	JINS HOLDINGS INC	Pair Corr

Related Correlations Analysis

	RHO	ABL	DAP	QCI	6MK	NOT	NOT	AMD	4I1	W8V
RHO		-0.79	-0.6	-0.83	0.91	0.97	0.97	-0.11	0.95	0.38	RHO
ABL	-0.79		0.58	0.79	-0.61	-0.75	-0.75	-0.23	-0.78	-0.32	ABL
DAP	-0.6	0.58		0.72	-0.53	-0.64	-0.64	0.42	-0.57	-0.31	DAP
QCI	-0.83	0.79	0.72		-0.77	-0.82	-0.83	0.03	-0.89	-0.49	QCI
6MK	0.91	-0.61	-0.53	-0.77		0.93	0.9	-0.24	0.88	0.37	6MK
NOT	0.97	-0.75	-0.64	-0.82	0.93		0.98	-0.16	0.92	0.38	NOT
NOT	0.97	-0.75	-0.64	-0.83	0.9	0.98		-0.12	0.93	0.39	NOT
AMD	-0.11	-0.23	0.42	0.03	-0.24	-0.16	-0.12		-0.03	-0.08	AMD
4I1	0.95	-0.78	-0.57	-0.89	0.88	0.92	0.93	-0.03		0.42	4I1
W8V	0.38	-0.32	-0.31	-0.49	0.37	0.38	0.39	-0.08	0.42		W8V
	RHO	ABL	DAP	QCI	6MK	NOT	NOT	AMD	4I1	W8V

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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

NOT	+ 0.98	NOT
NOT	+ 0.97	RHO
NOT	+ 0.97	RHO
4I1	+ 0.95	RHO
NOT	+ 0.93	6MK
4I1	+ 0.93	NOT

High negative correlations

4I1	- 0.89	QCI
NOT	- 0.83	QCI
QCI	- 0.83	RHO
NOT	- 0.82	QCI
ABL	- 0.79	RHO
4I1	- 0.78	ABL

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' 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
RHO	0.96	0.22	0.10	0.74	1.36	(1.07)	2.24	(2.20)	8.07
ABL	1.09	(0.12)	0.00	0.26	0.00	0.00	1.95	(2.11)	14.56
DAP	1.22	(0.08)	0.00	0.32	0.00	0.00	2.32	(2.98)	8.54
QCI	1.48	(0.24)	0.00	(0.29)	0.00	0.00	1.95	(2.57)	12.93
6MK	1.28	0.35	0.17	2.47	1.27	(1.48)	3.38	(2.23)	8.41
NOT	0.90	0.34	0.33	1.10	0.34	(1.10)	2.70	(1.40)	5.41
NOT	0.83	0.32	0.27	(6.02)	0.35	(1.08)	2.10	(1.18)	4.95
AMD	2.67	(0.02)	0.00	0.15	0.00	0.00	6.33	(5.57)	24.55
4I1	1.10	0.31	0.12	(1.26)	1.16	(1.23)	2.65	(2.55)	7.67
W8V	1.49	0.05	0.00	0.21	2.72	(3.37)	2.08	(2.04)	24.03

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.

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5N Plus Corporate Management

Elected by the shareholders, the 5N Plus' 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' management team and ensure that shareholders' interests are well served. 5N Plus' 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' 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
Richard Perron	Chief Officer	Profile

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