Emergent Health Correlations

EMGE Stock

USD 0.0009 0.0001 12.50%

The current 90-days correlation between Emergent Health Corp and Golden Developing Solutions is -0.2 (i.e., Good diversification). The correlation of Emergent Health 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.

Emergent Health Correlation With Market

Significant diversification

The correlation between Emergent Health Corp 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 Emergent Health Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Emergent Pink Sheet

0.58	HSEEF	Hill Street Beverage	Pair Corr
0.46	DAN	Dana Inc	Pair Corr
0.45	517834AH0	US517834AH06	Pair Corr
0.38	TEVA	Teva Pharma Industries	Pair Corr
0.37	KTOS	Kratos Defense Security Earnings Call This Week	Pair Corr
0.35	TEVA	Teva Pharmaceutical	Pair Corr
0.33	GEVO	Gevo Inc Buyout Trend	Pair Corr
0.39	AXP	American Express Sell-off Trend	Pair Corr
0.36	MMM	3M Company Sell-off Trend	Pair Corr
0.32	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	GXXY	IGPK	DVLP	BIEI	GSAC	RMRK	CNNA	GCAN	NWPN	CHNC
GXXY		0.63	0.39	0.39	0.49	-0.22	0.11	0.09	0.09	0.0	GXXY
IGPK	0.63		0.13	0.25	0.48	-0.2	0.18	-0.15	-0.01	0.0	IGPK
DVLP	0.39	0.13		0.77	0.43	-0.19	0.16	-0.65	-0.51	0.0	DVLP
BIEI	0.39	0.25	0.77		0.44	-0.37	-0.13	-0.46	-0.34	0.0	BIEI
GSAC	0.49	0.48	0.43	0.44		-0.26	-0.16	-0.09	0.0	0.0	GSAC
RMRK	-0.22	-0.2	-0.19	-0.37	-0.26		0.07	0.15	-0.02	0.0	RMRK
CNNA	0.11	0.18	0.16	-0.13	-0.16	0.07		0.06	0.1	0.0	CNNA
GCAN	0.09	-0.15	-0.65	-0.46	-0.09	0.15	0.06		0.57	0.0	GCAN
NWPN	0.09	-0.01	-0.51	-0.34	0.0	-0.02	0.1	0.57		0.0	NWPN
CHNC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CHNC
	GXXY	IGPK	DVLP	BIEI	GSAC	RMRK	CNNA	GCAN	NWPN	CHNC

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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

BIEI	+ 0.77	DVLP
IGPK	+ 0.63	GXXY
NWPN	+ 0.57	GCAN
GSAC	+ 0.49	GXXY
GSAC	+ 0.48	IGPK
GSAC	+ 0.44	BIEI

High negative correlations

GCAN	- 0.65	DVLP
NWPN	- 0.51	DVLP
GCAN	- 0.46	BIEI
RMRK	- 0.37	BIEI
NWPN	- 0.34	BIEI
RMRK	- 0.26	GSAC

Risk-Adjusted Indicators

There is a big difference between Emergent Pink Sheet performing well and Emergent Health 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 Emergent Health'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
GXXY	11.09	1.41	0.07	2.54	10.29	(71.31)	28.00	(29.20)	252.69
IGPK	6.42	0.19	0.03	0.22	6.64	(8.34)	14.71	(12.77)	47.14
DVLP	3.33	(0.82)	0.00	0.17	0.00	0.00	0.00	0.00	100.00
BIEI	6.41	0.22	0.00	(0.05)	7.59	(16.12)	16.67	(14.29)	45.83
GSAC	3.19	0.00	0.00	0.09	0.00	0.00	0.00	0.00	58.33
RMRK	5.44	0.95	0.00	(0.23)	0.00	0.00	33.33	(25.00)	58.33
CNNA	10.56	2.04	0.08	(2.05)	11.46	(38.94)	37.93	(31.58)	92.00
GCAN	10.42	1.82	0.11	1.67	8.71	(27.98)	25.00	(20.00)	89.29
NWPN	74.97	34.58	0.00	2.52	0.00	0.00	100.00	(50.00)	1,100
CHNC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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Our tools can tell you how much better you can do entering a position in Emergent Health 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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