EToro Correlations

ETOR Stock

27.46 0.72 2.69%

The current 90-days correlation between eToro Group and Community Bank System is -0.16 (i.e., Good diversification). The correlation of EToro 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. If the correlation is 0, the equities are not correlated; they are entirely random.

EToro Correlation With Market

Excellent diversification

The correlation between eToro Group and DJI is -0.59 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding eToro Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EToro Stock

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

Moving together with EToro Stock

0.64	JIGI	JPMorgan India Growth	Pair Corr
0.63	VNTN	VentureNet Capital	Pair Corr

Moving against EToro Stock

0.81	IVKA	Investec Group	Pair Corr
0.77	4M4	Macquarie Group	Pair Corr
0.74	4LJ	UOB Kay Hian	Pair Corr
0.68	VG1	Vgi Partners Global	Pair Corr
0.65	P55	Plus500 Earnings Call This Week	Pair Corr
0.6	VIRT	Virtu Financial	Pair Corr
0.59	CF	Canaccord Genuity	Pair Corr
0.55	EVR	Evercore Partners	Pair Corr
0.54	MC	Moelis	Pair Corr
0.54	206G	HUATEI SECSCO GDR	Pair Corr
0.54	153A	GUOTAI JUNAN SEC	Pair Corr
0.52	BGC	BGC Group	Pair Corr
0.47	MS	Morgan Stanley	Pair Corr
0.44	GS	Goldman Sachs Group	Pair Corr
0.32	XP	Xp Inc	Pair Corr
0.31	VIL	VIEL Cie socit	Pair Corr
0.88	OPY	Oppenheimer Holdings	Pair Corr
0.79	NMR	Nomura Holdings ADR	Pair Corr
0.72	O4B	OVB Holding AG	Pair Corr
0.67	O3I	FLOW TRADERS LTD	Pair Corr
0.65	SRL	Scully Royalty	Pair Corr
0.61	FTK	flatexDEGIRO AG	Pair Corr
0.6	BSD	Bourse Direct SA	Pair Corr
0.57	DELX	DelphX Capital Markets	Pair Corr

Related Correlations Analysis

	BITF	CBU	WSBC	HTGC	APAM	PLMR	FHB	KMPR	WSFS	BMA
BITF		-0.32	-0.39	0.17	-0.24	-0.25	-0.24	0.19	-0.45	-0.27	BITF
CBU	-0.32		0.95	-0.3	0.85	0.2	0.85	-0.55	0.86	0.47	CBU
WSBC	-0.39	0.95		-0.19	0.73	0.28	0.86	-0.38	0.83	0.56	WSBC
HTGC	0.17	-0.3	-0.19		-0.29	-0.06	0.11	0.79	-0.59	0.34	HTGC
APAM	-0.24	0.85	0.73	-0.29		-0.02	0.73	-0.58	0.77	0.56	APAM
PLMR	-0.25	0.2	0.28	-0.06	-0.02		0.24	0.0	0.04	0.06	PLMR
FHB	-0.24	0.85	0.86	0.11	0.73	0.24		-0.16	0.59	0.77	FHB
KMPR	0.19	-0.55	-0.38	0.79	-0.58	0.0	-0.16		-0.66	0.09	KMPR
WSFS	-0.45	0.86	0.83	-0.59	0.77	0.04	0.59	-0.66		0.34	WSFS
BMA	-0.27	0.47	0.56	0.34	0.56	0.06	0.77	0.09	0.34		BMA
	BITF	CBU	WSBC	HTGC	APAM	PLMR	FHB	KMPR	WSFS	BMA

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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

WSBC	+ 0.95	CBU
WSFS	+ 0.86	CBU
FHB	+ 0.86	WSBC
APAM	+ 0.85	CBU
FHB	+ 0.85	CBU
WSFS	+ 0.83	WSBC

High negative correlations

WSFS	- 0.66	KMPR
WSFS	- 0.59	HTGC
KMPR	- 0.58	APAM
KMPR	- 0.55	CBU
WSFS	- 0.45	BITF
WSBC	- 0.39	BITF

Risk-Adjusted Indicators

There is a big difference between EToro Stock performing well and EToro 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 EToro'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
BITF	4.93	(0.77)	0.00	(0.15)	0.00	0.00	11.91	(9.49)	30.58
CBU	1.15	0.29	0.24	0.44	0.83	(1.45)	2.35	(1.62)	8.66
WSBC	1.22	0.31	0.22	0.44	1.04	(1.44)	2.95	(1.68)	9.48
HTGC	1.03	(0.19)	0.00	(0.29)	0.00	0.00	1.67	(3.03)	6.95
APAM	1.21	0.06	0.04	0.13	1.41	(1.24)	2.46	(2.51)	6.18
PLMR	1.60	0.07	0.00	(0.24)	2.05	(1.57)	3.35	(3.35)	8.53
FHB	1.28	0.16	0.11	0.24	1.16	(1.61)	2.74	(2.10)	8.27
KMPR	1.20	(0.24)	0.00	(0.27)	0.00	0.00	2.31	(2.70)	17.07
WSFS	1.26	0.38	0.28	0.91	0.86	(1.52)	2.97	(1.64)	9.39
BMA	2.33	(0.02)	0.01	0.05	2.48	(3.05)	6.57	(3.38)	16.20

EToro Corporate Management

Nir Szmulewicz	Chief Officer	Profile
Tuval Chomut	Chief Officer	Profile
Meron Shani	Chief Officer	Profile
Miri Kedem	Chief Officer	Profile

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