Entravision Communications Correlations

Stocks . Germany . 
Stock . Entravision Communications
EV9 Stock  EUR 2.30  0.26  10.16%   
The current 90-days correlation between Entravision Communications and Stag Industrial is 0.07 (i.e., Significant diversification). The correlation of Entravision Communications 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.

Entravision Communications Correlation With Market

Average diversification

The correlation between Entravision Communications and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entravision Communications and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Entravision Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entravision Communications 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 Entravision Communications - 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 Entravision Communications to buy it.

Moving together with Entravision Stock

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Moving against Entravision Stock

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Related Correlations Analysis

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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   
M0G
+ 0.61
I43
HAM
+ 0.61
5PMA
HAM
+ 0.5
SW6
5PMA
+ 0.36
M0G
FR7
+ 0.32
M0G
5PMA
+ 0.17
SW6
  
High negative correlations   
I43
- 0.72
SW6
FR7
- 0.43
HAM
T2G
- 0.43
HAM
T2G
- 0.43
M0G
M0G
- 0.43
SW6
T2G
- 0.37
5PMA

Risk-Adjusted Indicators

There is a big difference between Entravision Stock performing well and Entravision Communications 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 Entravision Communications' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Entravision Communications 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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Entravision Communications Corporate Management

Elected by the shareholders, the Entravision Communications' board of directors comprises two types of representatives: Entravision Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Entravision. The board's role is to monitor Entravision Communications' management team and ensure that shareholders' interests are well served. Entravision Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Entravision Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.
Jeffery LibermanPres COOProfile
Edward MelendezPres SalesProfile
Christopher YoungCFO TreasurerProfile
Mark BoelkeG SecProfile
Juan WuthenauStrategy DigitalProfile
Jose VillafanePres SalesProfile
Walter UlloaChairman CEOProfile
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