Eventiko Correlations

EVTK Stock

USD 1.75 0.25 12.50%

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

Significant diversification

The correlation between Eventiko and DJI is 0.02 (i.e., Significant 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

0.71	SMGKF	Smiths Group plc	Pair Corr
0.74	CYPS	Cyclo3pss	Pair Corr

Moving against Eventiko Pink Sheet

0.67	LION	Lionsgate Studios Holding Buyout Trend	Pair Corr
0.65	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.58	PBAJ	Petro Usa	Pair Corr
0.48	GWW	WW Grainger	Pair Corr
0.44	INFY	Infosys Ltd ADR Potential Growth	Pair Corr
0.32	RLMD	Relmada Therapeutics	Pair Corr
0.65	ULTA	Ulta Beauty	Pair Corr
0.64	AVTBF	Avant Brands	Pair Corr
0.55	IDN	Intellicheck Mobilisa	Pair Corr
0.48	CRRFY	Carrefour SA PK	Pair Corr
0.37	ASTI	Ascent Solar Technol Tech Boost	Pair Corr
0.36	DNLMY	Dunelm Group PLC	Pair Corr
0.32	AKAM	Akamai Technologies	Pair Corr
0.32	REGN	Regeneron Pharmaceuticals	Pair Corr
0.67	DDS	Dillards,	Pair Corr
0.55	SHIP	Seanergy Maritime	Pair Corr
0.48	BAC	Bank of America Aggressive Push	Pair Corr
0.42	PHAR	Pharming Group NV	Pair Corr
0.41	AA	Alcoa Corp	Pair Corr
0.39	ALVLF	Big Ridge Gold	Pair Corr

Related Correlations Analysis

	GGAAF	SVAD	ARAT	PLPL	PVRS	SIPN	AGSS	WNFT
GGAAF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GGAAF
SVAD	0.0		0.0	0.17	-0.85	0.58	-0.42	0.35	SVAD
ARAT	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ARAT
PLPL	0.0	0.17	0.0		-0.08	-0.06	-0.27	0.2	PLPL
PVRS	0.0	-0.85	0.0	-0.08		-0.69	0.26	-0.33	PVRS
SIPN	0.0	0.58	0.0	-0.06	-0.69		-0.05	0.34	SIPN
AGSS	0.0	-0.42	0.0	-0.27	0.26	-0.05		-0.29	AGSS
WNFT	0.0	0.35	0.0	0.2	-0.33	0.34	-0.29		WNFT
	GGAAF	SVAD	ARAT	PLPL	PVRS	SIPN	AGSS	WNFT

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

SIPN	+ 0.58	SVAD
WNFT	+ 0.35	SVAD
WNFT	+ 0.34	SIPN
AGSS	+ 0.26	PVRS
WNFT	+ 0.2	PLPL
PLPL	+ 0.17	SVAD

High negative correlations

PVRS	- 0.85	SVAD
SIPN	- 0.69	PVRS
AGSS	- 0.42	SVAD
WNFT	- 0.33	PVRS
WNFT	- 0.29	AGSS
AGSS	- 0.27	PLPL

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
GGAAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SVAD	5.83	2.23	0.00	0.63	0.00	0.00	0.00	0.00	133.33
ARAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLPL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PVRS	2.61	(0.20)	0.00	0.30	0.00	0.00	3.80	(3.66)	79.46
SIPN	0.17	(0.01)	0.00	(0.10)	0.00	0.00	0.00	0.00	5.56
AGSS	10.73	(0.09)	0.01	0.05	13.68	(22.39)	38.89	(28.00)	92.13
WNFT	4.89	0.21	0.03	0.22	5.14	(11.83)	15.38	(11.11)	49.89

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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