Earth Science Correlations
| ETST Stock | USD 0.13 0.02 13.33% |
The current 90-days correlation between Earth Science Tech and Vext Science is 0.18 (i.e., Average diversification). The correlation of Earth Science 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.
Earth Science Correlation With Market
Average diversification
The correlation between Earth Science Tech and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Earth Science Tech and DJI in the same portfolio, assuming nothing else is changed.
Earth |
The ability to find closely correlated positions to Earth Science could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Earth Science 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 Earth Science - 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 Earth Science Tech to buy it.
Moving together with Earth Pink Sheet
Moving against Earth Pink Sheet
| 0.66 | TEVA | Teva Pharmaceutical | PairCorr |
| 0.66 | TEVA | Teva Pharma Industries | PairCorr |
| 0.59 | HLN | Haleon plc | PairCorr |
| 0.56 | HLNCF | Haleon plc | PairCorr |
| 0.54 | FTV | Fortive Corp | PairCorr |
| 0.45 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.41 | ERHE | ERHC Energy | PairCorr |
| 0.63 | DD | Dupont De Nemours | PairCorr |
| 0.62 | CSCO | Cisco Systems | PairCorr |
| 0.56 | AA | Alcoa Corp | PairCorr |
| 0.56 | JNJ | Johnson Johnson | PairCorr |
| 0.47 | BAC | Bank of America | PairCorr |
| 0.43 | KO | Coca Cola | PairCorr |
| 0.42 | MCD | McDonalds | PairCorr |
| 0.41 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.32 | JPM | JPMorgan Chase | PairCorr |
| 0.31 | IBM | International Business | 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
|
Risk-Adjusted Indicators
There is a big difference between Earth Pink Sheet performing well and Earth Science 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 Earth Science'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DBCCF | 3.32 | (0.14) | 0.00 | 0.21 | 0.00 | 6.65 | 22.83 | |||
| FLOOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TCNAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PLNH | 5.81 | 0.13 | 0.01 | 0.59 | 7.47 | 14.29 | 96.25 | |||
| VEXTF | 4.46 | (0.27) | 0.00 | 2.54 | 0.00 | 11.11 | 30.00 | |||
| DXBRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| INIS | 7.79 | 0.39 | 0.04 | 0.15 | 8.40 | 20.00 | 46.75 | |||
| MILFF | 3.73 | (0.34) | 0.00 | 0.96 | 0.00 | 0.00 | 110.00 | |||
| MRMD | 5.77 | (0.44) | 0.00 | 1.37 | 0.00 | 10.00 | 60.95 | |||
| SNNVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Earth Science 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?
Run Theme Ratings Now
Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Earth Science Corporate Executives
Elected by the shareholders, the Earth Science's board of directors comprises two types of representatives: Earth Science inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Earth. The board's role is to monitor Earth Science's management team and ensure that shareholders' interests are well served. Earth Science'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, Earth Science's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wendell Hecker | CFO and Chief Learning Officer | Profile |