Eventiko Correlations

EVTK Stock

USD 2.00 0.00 0.00%

The current 90-days correlation between Eventiko and CryptoStar Corp is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eventiko moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eventiko moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eventiko Correlation With Market

Very good diversification

The correlation between Eventiko and DJI is -0.47 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eventiko and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Eventiko Pink Sheet

0.69

NIO

Nio Class A Aggressive Push

Pair Corr

Moving against Eventiko Pink Sheet

0.72	PBAJ	Petro Usa	Pair Corr
0.58	MPW	Medical Properties Trust Symbol Change	Pair Corr
0.53	RIVN	Rivian Automotive Earnings Call Tomorrow	Pair Corr
0.51	LION	Lionsgate Studios Holding	Pair Corr
0.33	BA	Boeing	Pair Corr
0.31	F	Ford Motor Sell-off Trend	Pair Corr
0.57	WMT	Walmart Common Stock	Pair Corr
0.51	MRK	Merck Company	Pair Corr
0.43	AA	Alcoa Corp	Pair Corr
0.38	JPM	JPMorgan Chase	Pair Corr
0.37	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.34	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	SITS	NRCD	SHGI	CSTXF	SOLCF	SMEV	SSPLF	ORLCF
SITS		0.52	0.29	0.34	0.62	-0.5	-0.51	-0.51	SITS
NRCD	0.52		0.27	0.7	0.88	-0.39	-0.53	-0.38	NRCD
SHGI	0.29	0.27		0.09	0.29	-0.25	-0.39	-0.39	SHGI
CSTXF	0.34	0.7	0.09		0.71	-0.47	-0.27	-0.34	CSTXF
SOLCF	0.62	0.88	0.29	0.71		-0.48	-0.63	-0.53	SOLCF
SMEV	-0.5	-0.39	-0.25	-0.47	-0.48		0.14	0.29	SMEV
SSPLF	-0.51	-0.53	-0.39	-0.27	-0.63	0.14		0.54	SSPLF
ORLCF	-0.51	-0.38	-0.39	-0.34	-0.53	0.29	0.54		ORLCF
	SITS	NRCD	SHGI	CSTXF	SOLCF	SMEV	SSPLF	ORLCF

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

SOLCF	+ 0.88	NRCD
SOLCF	+ 0.71	CSTXF
CSTXF	+ 0.7	NRCD
SOLCF	+ 0.62	SITS
ORLCF	+ 0.54	SSPLF
NRCD	+ 0.52	SITS

High negative correlations

SSPLF	- 0.63	SOLCF
ORLCF	- 0.53	SOLCF
SSPLF	- 0.53	NRCD
ORLCF	- 0.51	SITS
SSPLF	- 0.51	SITS
SMEV	- 0.5	SITS

Risk-Adjusted Indicators

There is a big difference between Eventiko Pink Sheet performing well and Eventiko 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 Eventiko'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
SITS	5.61	0.21	0.01	(0.16)	6.71	(7.00)	18.33	(11.11)	37.53
NRCD	0.40	(0.19)	0.00	0.67	0.00	0.00	0.00	0.00	13.46
SHGI	14.40	3.02	0.07	1.24	14.92	(50.75)	85.71	(46.15)	135.71
CSTXF	9.31	0.04	0.00	0.02	12.58	(23.63)	36.00	(27.45)	113.57
SOLCF	9.91	(1.37)	0.00	(0.24)	0.00	0.00	23.50	(23.53)	66.07
SMEV	2.76	0.23	0.01	(0.15)	5.39	(10.26)	12.00	(5.41)	37.31
SSPLF	8.74	2.81	0.00	1.06	0.00	0.00	35.59	(5.87)	153.62
ORLCF	6.43	1.16	0.15	4.74	6.52	(8.00)	13.08	(11.57)	33.46

Be your own money manager

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