EToro Correlations

ETOR Stock

31.47 0.37 1.19%

The current 90-days correlation between eToro Group and Community Bank System is 0.03 (i.e., Significant 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 -0.55 (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 metropolitan statistical area.

Moving against EToro Stock

0.78	BFG	Bell Financial Group	Pair Corr
0.7	OPY	Oppenheimer Holdings Earnings Call This Week	Pair Corr
0.58	MC	Moelis	Pair Corr
0.58	MAF	MA Financial Group	Pair Corr
0.57	EVR	Evercore Partners	Pair Corr
0.57	SEQ	Sequoia Financial	Pair Corr
0.56	RJF	Raymond James Financial Earnings Call This Week	Pair Corr
0.48	MFF	MFF Capital Investments Earnings Call This Week	Pair Corr
0.46	PJT	PJT Partners Downward Rally	Pair Corr
0.45	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.77	YAMHF	Yamaha Motor	Pair Corr
0.72	FUWAF	Furukawa Electric	Pair Corr
0.63	BESIY	BE Semiconductor Ind	Pair Corr
0.55	SNEX	Stonex Group	Pair Corr
0.55	QXO	QXO Inc	Pair Corr
0.51	FMCB	Farmers Merchants Bancorp	Pair Corr
0.5	PIPR	Piper Sandler Companies	Pair Corr
0.49	DAIUF	Daifuku Potential Growth	Pair Corr
0.49	AIZ	Assurant	Pair Corr
0.47	AMBR	Amber International Symbol Change	Pair Corr
0.35	600390	Minmetals Capital	Pair Corr

Related Correlations Analysis

	BITF	CBU	WSBC	HTGC	APAM	PLMR	FHB	KMPR	WSFS	BMA
BITF		-0.46	-0.62	-0.61	0.41	-0.76	-0.57	0.69	-0.72	-0.56	BITF
CBU	-0.46		0.92	0.81	0.28	0.44	0.95	-0.2	0.85	0.59	CBU
WSBC	-0.62	0.92		0.89	-0.02	0.58	0.93	-0.22	0.92	0.57	WSBC
HTGC	-0.61	0.81	0.89		-0.06	0.46	0.85	-0.32	0.8	0.67	HTGC
APAM	0.41	0.28	-0.02	-0.06		-0.09	0.17	0.0	-0.05	0.16	APAM
PLMR	-0.76	0.44	0.58	0.46	-0.09		0.56	-0.59	0.61	0.52	PLMR
FHB	-0.57	0.95	0.93	0.85	0.17	0.56		-0.33	0.9	0.73	FHB
KMPR	0.69	-0.2	-0.22	-0.32	0.0	-0.59	-0.33		-0.42	-0.59	KMPR
WSFS	-0.72	0.85	0.92	0.8	-0.05	0.61	0.9	-0.42		0.62	WSFS
BMA	-0.56	0.59	0.57	0.67	0.16	0.52	0.73	-0.59	0.62		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

FHB	+ 0.95	CBU
FHB	+ 0.93	WSBC
WSBC	+ 0.92	CBU
WSFS	+ 0.92	WSBC
WSFS	+ 0.9	FHB
HTGC	+ 0.89	WSBC

High negative correlations

PLMR	- 0.76	BITF
WSFS	- 0.72	BITF
WSBC	- 0.62	BITF
HTGC	- 0.61	BITF
BMA	- 0.59	KMPR
KMPR	- 0.59	PLMR

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	4.72	(0.92)	0.00	(0.24)	0.00	0.00	11.45	(9.49)	28.53
CBU	1.16	0.09	0.07	0.16	1.20	(1.36)	2.35	(1.86)	5.47
WSBC	1.24	0.09	0.07	0.15	1.38	(1.42)	2.95	(2.10)	6.36
HTGC	0.82	0.08	0.05	0.21	0.93	(0.87)	1.86	(1.64)	4.48
APAM	1.06	(0.07)	(0.04)	0.01	1.39	(1.08)	2.57	(2.52)	6.18
PLMR	1.39	0.11	0.04	0.48	1.65	(1.41)	3.22	(3.06)	12.67
FHB	1.17	0.15	0.13	0.20	0.99	(1.40)	3.23	(2.12)	7.16
KMPR	1.32	(0.38)	0.00	(0.59)	0.00	0.00	2.31	(3.07)	14.64
WSFS	1.01	0.09	0.06	0.17	1.12	(1.13)	2.38	(1.40)	6.58
BMA	3.02	0.91	0.54	0.49	1.24	(4.34)	7.48	(3.17)	41.26

EToro Corporate Management

Tuval Chomut	Chief Officer	Profile
Meron Shani	Chief Officer	Profile
Yaki Razmovich	Managing Asia	Profile
Daniel Amir	Head Relations	Profile

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