European Metals Correlations
| ERPNFDelisted Stock | USD 0.55 0.00 0.00% |
The current 90-days correlation between European Metals Holdings and International Battery Metals is -0.03 (i.e., Good diversification). The correlation of European Metals 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.
European Metals Correlation With Market
Good diversification
The correlation between European Metals Holdings and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding European Metals Holdings and DJI in the same portfolio, assuming nothing else is changed.
European |
The ability to find closely correlated positions to European Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace European Metals 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 European Metals - 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 European Metals Holdings to buy it.
Moving together with European OTC Stock
| 0.68 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.7 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.65 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.65 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.7 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.62 | WMT | Walmart Aggressive Push | PairCorr |
Moving against European OTC Stock
| 0.87 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.86 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.64 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.63 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.49 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.46 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 European OTC Stock performing well and European Metals OTC Stock 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 European Metals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IBATF | 6.70 | (1.44) | 0.00 | 0.93 | 0.00 | 13.33 | 47.03 | |||
| SAVNF | 2.76 | (0.18) | 0.00 | (0.28) | 0.00 | 10.61 | 51.16 | |||
| TTSRF | 2.32 | 0.49 | 0.00 | (1.52) | 0.00 | 8.33 | 29.67 | |||
| CRECF | 3.81 | 0.16 | (0.01) | (0.08) | 3.77 | 10.71 | 20.80 | |||
| LXENF | 3.88 | (0.41) | 0.00 | 1.29 | 0.00 | 7.56 | 63.14 | |||
| SNNAF | 4.41 | (0.19) | 0.00 | 0.54 | 0.00 | 11.21 | 54.96 | |||
| STSBF | 2.40 | (0.09) | 0.00 | 0.19 | 0.00 | 10.00 | 23.61 | |||
| ALTAF | 216.73 | 114.71 | 1.59 | (1.64) | 18.21 | 10.50 | 7,276 | |||
| LITOF | 2.71 | (0.27) | 0.00 | (0.18) | 0.00 | 6.82 | 24.15 | |||
| LTHCF | 3.59 | 0.59 | 0.08 | 2.42 | 3.53 | 12.73 | 23.50 |
View European Metals Related Equities
| Risk & Return | Correlation |
European Metals Corporate Management
Elected by the shareholders, the European Metals' board of directors comprises two types of representatives: European Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of European. The board's role is to monitor European Metals' management team and ensure that shareholders' interests are well served. European Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, European Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Keith BA | Ex Chairman | Profile | |
| David Koch | CFO Sec | Profile | |
| Richard Eng | Ex Director | Profile | |
| Simon Edwards | Corp sro | Profile | |
| Grant Harman | Metallurgical Consultant | Profile |
Still Interested in European Metals Holdings?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.