Eastern Correlations

EML Stock

USD 18.05 0.56 3.01%

The current 90-days correlation between Eastern and Gulf Island Fabrication is -0.08 (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 -0.43 (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 state.

Moving against Eastern Stock

0.64	PL	Planet Labs PBC Aggressive Push	Pair Corr
0.56	OSG	OSG Corporation	Pair Corr
0.54	0ACC	Accelleron Industries	Pair Corr
0.54	HI	Hillenbrand	Pair Corr
0.51	AZ	A2Z Smart Technologies	Pair Corr
0.5	PH	Parker Hannifin	Pair Corr
0.49	TE	T1 Energy Earnings Call This Week	Pair Corr
0.47	CR	Crane Company	Pair Corr
0.45	IR	Ingersoll Rand	Pair Corr
0.38	FUCA	FANUC PUNSPADR 110	Pair Corr
0.71	MBH3	Maschinenfabrik Berthold	Pair Corr
0.64	VATE	Innovate Corp	Pair Corr
0.63	NVJP	Umicore SA	Pair Corr
0.61	IMI1	IMI plc	Pair Corr
0.58	DPRO	Draganfly Tech Boost	Pair Corr
0.57	CE3	Chongqing Machinery	Pair Corr
0.56	KC4	KONE Oyj	Pair Corr
0.55	21T	Bodycote PLC	Pair Corr
0.52	JUN3	Jungheinrich AG ONVZO	Pair Corr
0.51	EAAS	Eenergy Group PLC	Pair Corr
0.36	GCP	General Electric	Pair Corr
0.34	ALNSC	NSC Groupe SA	Pair Corr
0.31	STGN	Starrag Group Holding	Pair Corr
0.71	QS2A	Smiths Group plc	Pair Corr
0.65	DZR	AVINGTRANS LS 05 Earnings Call Today	Pair Corr
0.63	NDX1	Nordex SE Earnings Call Tomorrow	Pair Corr
0.62	PFV	Pfeiffer Vacuum Tech	Pair Corr
0.59	EMR	Emerson Electric	Pair Corr
0.57	TWN	Twin Disc	Pair Corr
0.43	EPAC	Enerpac Tool Group	Pair Corr
0.36	ILT	Illinois Tool Works	Pair Corr

Related Correlations Analysis

	GIFI	SRFM	ESP	MVST	SCAG	TAYD	MATH	OPXS	VOLT	IRS
GIFI		0.08	0.75	-0.74	0.56	0.81	-0.73	0.12	0.48	0.6	GIFI
SRFM	0.08		-0.05	0.43	0.5	0.03	0.21	0.23	-0.19	0.28	SRFM
ESP	0.75	-0.05		-0.83	0.22	0.95	-0.92	0.12	0.86	0.53	ESP
MVST	-0.74	0.43	-0.83		0.0	-0.85	0.92	0.18	-0.8	-0.29	MVST
SCAG	0.56	0.5	0.22	0.0		0.23	-0.03	0.51	-0.14	0.62	SCAG
TAYD	0.81	0.03	0.95	-0.85	0.23		-0.94	0.0	0.86	0.48	TAYD
MATH	-0.73	0.21	-0.92	0.92	-0.03	-0.94		0.08	-0.91	-0.33	MATH
OPXS	0.12	0.23	0.12	0.18	0.51	0.0	0.08		-0.07	0.48	OPXS
VOLT	0.48	-0.19	0.86	-0.8	-0.14	0.86	-0.91	-0.07		0.23	VOLT
IRS	0.6	0.28	0.53	-0.29	0.62	0.48	-0.33	0.48	0.23		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
MATH	+ 0.92	MVST
VOLT	+ 0.86	ESP
VOLT	+ 0.86	TAYD
TAYD	+ 0.81	GIFI
ESP	+ 0.75	GIFI

High negative correlations

MATH	- 0.94	TAYD
MATH	- 0.92	ESP
VOLT	- 0.91	MATH
TAYD	- 0.85	MVST
MVST	- 0.83	ESP
VOLT	- 0.8	MVST

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	0.95	0.90	(1.20)	0.00	(2.35)	2.43	(1.23)	49.85
SRFM	4.80	(0.40)	0.00	(0.06)	0.00	0.00	13.11	(7.73)	33.51
ESP	2.40	0.63	0.16	0.98	2.96	(2.44)	5.75	(4.13)	19.23
MVST	2.94	(0.87)	0.00	(0.36)	0.00	0.00	5.86	(5.49)	18.37
SCAG	5.51	0.26	0.03	1.57	6.23	(7.01)	13.47	(11.15)	36.10
TAYD	2.37	1.02	0.35	2.19	1.89	(2.76)	6.70	(4.10)	14.23
MATH	3.75	(1.21)	0.00	4.90	0.00	0.00	7.79	(8.63)	25.18
OPXS	3.04	(0.43)	0.00	(0.18)	0.00	0.00	5.44	(7.62)	21.85
VOLT	0.97	0.25	0.20	0.38	0.85	(1.12)	2.16	(1.70)	4.83
IRS	1.88	0.05	0.02	0.12	2.01	(2.18)	4.32	(3.24)	11.72

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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