Eco Tek Correlations

ETEK Stock

USD 0.0002 0.0001 33.33%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eco Tek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eco Tek Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eco Tek Correlation With Market

Good diversification

The correlation between Eco Tek Group and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eco Tek Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Eco Pink Sheet

0.37	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.31	SSNLF	Samsung Electronics	Pair Corr
0.35	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.33	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.33	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.32	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	SHTLF	NB	444859BR2	SCRYY	AQUI	APAAX	SCRYX	LBHIX	MSTSX	ID
SHTLF		-0.14	-0.6	0.46	0.0	-0.13	0.49	0.53	0.73	0.42	SHTLF
NB	-0.14		0.39	-0.49	0.0	0.22	-0.62	-0.35	0.02	-0.64	NB
444859BR2	-0.6	0.39		-0.53	0.0	0.06	-0.55	-0.54	-0.45	-0.57	444859BR2
SCRYY	0.46	-0.49	-0.53		0.0	0.16	0.57	0.48	0.34	0.73	SCRYY
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
APAAX	-0.13	0.22	0.06	0.16	0.0		-0.05	0.45	0.21	-0.02	APAAX
SCRYX	0.49	-0.62	-0.55	0.57	0.0	-0.05		0.67	0.61	0.77	SCRYX
LBHIX	0.53	-0.35	-0.54	0.48	0.0	0.45	0.67		0.68	0.55	LBHIX
MSTSX	0.73	0.02	-0.45	0.34	0.0	0.21	0.61	0.68		0.36	MSTSX
ID	0.42	-0.64	-0.57	0.73	0.0	-0.02	0.77	0.55	0.36		ID
	SHTLF	NB	444859BR2	SCRYY	AQUI	APAAX	SCRYX	LBHIX	MSTSX	ID

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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

ID	+ 0.77	SCRYX
MSTSX	+ 0.73	SHTLF
ID	+ 0.73	SCRYY
MSTSX	+ 0.68	LBHIX
LBHIX	+ 0.67	SCRYX
MSTSX	+ 0.61	SCRYX

High negative correlations

ID	- 0.64	NB
SCRYX	- 0.62	NB
444859BR2	- 0.6	SHTLF
ID	- 0.57	444859BR2
SCRYX	- 0.55	444859BR2
LBHIX	- 0.54	444859BR2

Risk-Adjusted Indicators

There is a big difference between Eco Pink Sheet performing well and Eco Tek 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 Eco Tek'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
SHTLF	1.67	0.33	0.03	(68.21)	1.90	(4.95)	4.80	(5.15)	28.25
NB	3.33	(0.41)	0.00	(0.61)	0.00	0.00	5.33	(7.96)	28.43
444859BR2	1.36	(0.03)	0.00	0.24	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.07	0.36	0.08	(0.73)	2.02	(2.85)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APAAX	0.14	0.02	(0.38)	(0.13)	0.14	(0.18)	0.31	(0.31)	1.13
SCRYX	0.95	0.11	0.01	0.70	0.91	(1.09)	2.10	(1.69)	7.88
LBHIX	0.12	0.02	(0.44)	1.66	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	0.04	(0.14)	(0.75)	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.84	0.83	0.15	1.41	3.95	(5.14)	7.89	(6.67)	20.54

Be your own money manager

Our tools can tell you how much better you can do entering a position in Eco Tek 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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