Eastern Correlations

EML Stock

USD 17.95 0.16 0.90%

The current 90-days correlation between Eastern and Gulf Island Fabrication is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eastern Correlation With Market

Very good diversification

The correlation between Eastern Co and DJI is -0.5 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eastern Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eastern Stock

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

Moving together with Eastern Stock

0.61

CXT

Crane NXT

Pair Corr

Moving against Eastern Stock

0.74	DCI	Donaldson	Pair Corr
0.69	600765	AVIC Heavy Machinery	Pair Corr
0.66	FLS	Flowserve	Pair Corr
0.64	PL	Planet Labs PBC Downward Rally	Pair Corr
0.6	GGG	Graco Inc	Pair Corr
0.59	RFG	Roebuck Food Group	Pair Corr
0.59	002757	Nanxing Furniture	Pair Corr
0.54	IR	Ingersoll Rand	Pair Corr
0.52	FSTR	LB Foster	Pair Corr
0.49	FTV	Fortive Corp Earnings Call This Week	Pair Corr
0.48	GHM	Graham	Pair Corr
0.37	301053	Yoantion Industrial	Pair Corr
0.37	FELE	Franklin Electric	Pair Corr
0.35	CR	Crane Company Earnings Call This Week	Pair Corr
0.35	ATS	ATS Corporation	Pair Corr
0.32	600666	Aurora Optoelectronics	Pair Corr
0.69	WWD	Woodward Earnings Call This Week	Pair Corr
0.64	IEX	IDEX Earnings Call This Week	Pair Corr
0.62	TKR	Timken Company	Pair Corr
0.59	SNA	Snap On Earnings Call This Week	Pair Corr
0.58	002976	Suzhou Cheersson Pre	Pair Corr
0.57	SWK	Stanley Black Decker Earnings Call This Week	Pair Corr
0.56	GRC	Gorman Rupp Earnings Call Tomorrow	Pair Corr
0.44	FTAIN	Fortress Transportation	Pair Corr
0.4	KAI	Kadant Inc	Pair Corr
0.32	688700	Kunshan Dongwei Tech	Pair Corr

Related Correlations Analysis

	GIFI	SRFM	ESP	MVST	SCAG	TAYD	MATH	OPXS	VOLT	IRS
GIFI		-0.79	0.61	-0.91	0.12	0.64	-0.52	-0.65	-0.19	0.76	GIFI
SRFM	-0.79		-0.31	0.87	0.32	-0.3	0.36	0.76	0.42	-0.56	SRFM
ESP	0.61	-0.31		-0.66	0.58	0.95	-0.85	-0.11	0.49	0.82	ESP
MVST	-0.91	0.87	-0.66		-0.08	-0.68	0.63	0.74	0.19	-0.82	MVST
SCAG	0.12	0.32	0.58	-0.08		0.61	-0.47	0.31	0.47	0.31	SCAG
TAYD	0.64	-0.3	0.95	-0.68	0.61		-0.89	-0.19	0.39	0.83	TAYD
MATH	-0.52	0.36	-0.85	0.63	-0.47	-0.89		0.17	-0.36	-0.75	MATH
OPXS	-0.65	0.76	-0.11	0.74	0.31	-0.19	0.17		0.62	-0.41	OPXS
VOLT	-0.19	0.42	0.49	0.19	0.47	0.39	-0.36	0.62		0.22	VOLT
IRS	0.76	-0.56	0.82	-0.82	0.31	0.83	-0.75	-0.41	0.22		IRS
	GIFI	SRFM	ESP	MVST	SCAG	TAYD	MATH	OPXS	VOLT	IRS

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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

TAYD	+ 0.95	ESP
MVST	+ 0.87	SRFM
IRS	+ 0.83	TAYD
IRS	+ 0.82	ESP
IRS	+ 0.76	GIFI
OPXS	+ 0.76	SRFM

High negative correlations

MVST	- 0.91	GIFI
MATH	- 0.89	TAYD
MATH	- 0.85	ESP
IRS	- 0.82	MVST
SRFM	- 0.79	GIFI
IRS	- 0.75	MATH

Risk-Adjusted Indicators

There is a big difference between Eastern Stock performing well and Eastern 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 Eastern'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
GIFI	1.83	1.01	0.90	(0.54)	0.00	(2.35)	2.43	(1.23)	49.85
SRFM	4.90	(1.02)	0.00	(0.25)	0.00	0.00	10.58	(7.98)	33.51
ESP	1.76	0.53	0.21	1.81	1.64	(1.83)	4.38	(2.75)	10.00
MVST	3.32	(1.06)	0.00	(0.53)	0.00	0.00	6.02	(8.87)	18.37
SCAG	5.49	0.06	0.02	0.09	6.56	(6.27)	13.47	(10.96)	36.10
TAYD	2.43	0.84	0.19	(4.56)	3.01	(2.59)	5.41	(4.32)	19.29
MATH	3.46	(0.64)	0.00	(0.56)	0.00	0.00	7.94	(6.21)	19.54
OPXS	2.74	(0.14)	0.00	(0.06)	0.00	0.00	5.44	(6.22)	19.02
VOLT	0.96	0.04	0.02	0.11	1.29	(0.96)	1.74	(2.15)	5.14
IRS	2.34	0.78	0.37	0.72	1.50	(2.97)	4.98	(2.98)	36.65

Eastern Corporate Management

Peter OHara	Chief Officer	Profile
Jeffrey Fleming	Managing Eberhard	Profile
Ernie Hawkins	Executive Officer	Profile
Christopher Moulton	Head Relations	Profile

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