Euro Sun Correlations
| ESM Stock | CAD 0.36 0.02 5.88% |
The current 90-days correlation between Euro Sun Mining and Scorpio Gold Corp is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Euro Sun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Euro Sun Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Euro Sun Correlation With Market
Poor diversification
The correlation between Euro Sun Mining and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Euro Sun Mining and DJI in the same portfolio, assuming nothing else is changed.
Euro |
The ability to find closely correlated positions to Euro Sun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euro Sun 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 Euro Sun - 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 Euro Sun Mining to buy it.
Moving together with Euro Stock
| 0.73 | AG | First Majestic Silver | PairCorr |
| 0.79 | IE | Ivanhoe Energy Earnings Call This Week | PairCorr |
| 0.66 | ORE | Orezone Gold Corp | PairCorr |
| 0.83 | FDY | Faraday Copper Corp | PairCorr |
| 0.66 | WPRT | Westport Fuel Systems | PairCorr |
| 0.81 | PSLV | Sprott Physical Silver | PairCorr |
| 0.76 | NICU | Magna Mining | PairCorr |
| 0.62 | RKR | ROKMASTER Resources Corp | PairCorr |
| 0.75 | MS | Morgan Stanley CDR | PairCorr |
| 0.68 | GENM | Generation Mining | PairCorr |
| 0.7 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.65 | MKO | Mako Mining Corp | PairCorr |
| 0.77 | AGI | Alamos Gold | PairCorr |
| 0.78 | PML | Panoro Minerals | PairCorr |
| 0.79 | CU-PH | Canadian Utilities Earnings Call This Week | PairCorr |
| 0.81 | ENB-PFC | Enbridge Pref 11 | PairCorr |
Moving against Euro Stock
| 0.71 | AAPL | Apple CDR | PairCorr |
| 0.71 | AAPL | Apple Inc CDR | PairCorr |
| 0.57 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.57 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.4 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.4 | MSFT | Microsoft CDR | PairCorr |
Related Correlations Analysis
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 Euro Stock performing well and Euro Sun 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 Euro Sun'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGN | 4.82 | 0.32 | 0.06 | 0.32 | 4.66 | 11.76 | 36.07 | |||
| GWM | 5.06 | 0.18 | 0.04 | 0.14 | 5.09 | 12.50 | 26.24 | |||
| ABI | 4.77 | 0.90 | 0.08 | (0.99) | 4.47 | 11.11 | 39.68 | |||
| MGM | 3.84 | 0.87 | 0.20 | 0.58 | 3.68 | 8.59 | 31.37 | |||
| VEIN | 3.22 | 0.81 | 0.18 | 0.91 | 3.19 | 10.71 | 21.48 | |||
| GPAC | 4.42 | 0.44 | 0.07 | 0.58 | 4.99 | 11.63 | 31.64 | |||
| LIO | 3.23 | 0.57 | 0.11 | (1.36) | 3.13 | 8.57 | 18.50 | |||
| RPX | 3.87 | 0.45 | 0.06 | 0.47 | 3.95 | 8.33 | 37.00 | |||
| AUAU | 4.33 | 0.22 | 0.05 | 0.16 | 4.95 | 10.84 | 28.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Euro Sun 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.Did you try this?
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Euro Sun Corporate Management
Elected by the shareholders, the Euro Sun's board of directors comprises two types of representatives: Euro Sun inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Euro. The board's role is to monitor Euro Sun's management team and ensure that shareholders' interests are well served. Euro Sun's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Euro Sun's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel PEng | MD Romania | Profile | |
| Kenny Choi | Corporate Secretary | Profile | |
| Aaron Atin | Company Secretary | Profile | |
| Elizabeth Doddridge | Vice Communications | Profile | |
| MBA CA | Chief Officer | Profile | |
| Bradley BA | VP Devel | Profile | |
| Grant Sboros | CEO Director | Profile |