Eventiko Correlations

EVTK Stock

USD 2.00 0.00 0.00%

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.

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

0.77	XXI	Twenty One Capital	Pair Corr
0.75	MNTN	MNTN Inc	Pair Corr
0.83	CMWCF	Cromwell Property	Pair Corr
0.65	MSFT	Microsoft	Pair Corr

Moving against Eventiko Pink Sheet

0.84	PBAJ	Petro Usa	Pair Corr
0.84	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.79	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.76	LION	Lionsgate Studios Holding	Pair Corr
0.71	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.71	BAC	Bank of America	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.67	DD	Dupont De Nemours	Pair Corr
0.65	AXP	American Express	Pair Corr
0.63	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.59	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.48	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.37	IBM	International Business	Pair Corr
0.32	KO	Coca Cola Sell-off Trend	Pair Corr

Related Correlations Analysis

	MGTE	TCRI	CRGH	ELLH	WRPT	ITRX	STLY	CAIB	LNMG	FXBY
MGTE		-0.49	0.0	-0.3	-0.13	0.47	0.54	0.49	-0.07	0.61	MGTE
TCRI	-0.49		0.0	-0.07	0.37	-0.77	-0.5	-0.16	-0.36	-0.56	TCRI
CRGH	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CRGH
ELLH	-0.3	-0.07	0.0		-0.45	0.23	-0.43	-0.43	0.48	-0.29	ELLH
WRPT	-0.13	0.37	0.0	-0.45		-0.5	-0.17	0.48	-0.45	-0.13	WRPT
ITRX	0.47	-0.77	0.0	0.23	-0.5		0.38	0.1	0.4	0.46	ITRX
STLY	0.54	-0.5	0.0	-0.43	-0.17	0.38		0.36	-0.11	0.76	STLY
CAIB	0.49	-0.16	0.0	-0.43	0.48	0.1	0.36		-0.28	0.46	CAIB
LNMG	-0.07	-0.36	0.0	0.48	-0.45	0.4	-0.11	-0.28		-0.13	LNMG
FXBY	0.61	-0.56	0.0	-0.29	-0.13	0.46	0.76	0.46	-0.13		FXBY
	MGTE	TCRI	CRGH	ELLH	WRPT	ITRX	STLY	CAIB	LNMG	FXBY

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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

FXBY	+ 0.76	STLY
FXBY	+ 0.61	MGTE
STLY	+ 0.54	MGTE
CAIB	+ 0.49	MGTE
LNMG	+ 0.48	ELLH
CAIB	+ 0.48	WRPT

High negative correlations

ITRX	- 0.77	TCRI
FXBY	- 0.56	TCRI
ITRX	- 0.5	WRPT
STLY	- 0.5	TCRI
TCRI	- 0.49	MGTE
LNMG	- 0.45	WRPT

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
MGTE	3.65	0.55	0.06	(1.44)	5.03	(4.98)	7.37	(9.09)	32.00
TCRI	123.92	52.46	1.45	0.64	14.18	(616.12)	15.79	(40.00)	4,140
CRGH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ELLH	1.40	(0.24)	0.00	(0.42)	0.00	0.00	3.69	(5.17)	12.29
WRPT	9.35	1.06	0.07	0.27	9.38	(29.61)	36.14	(26.32)	127.78
ITRX	6.53	2.93	0.00	(1.14)	0.00	0.00	13.77	0.00	151.43
STLY	1.13	0.32	0.00	(0.57)	0.00	0.00	1.80	(0.40)	27.68
CAIB	1.50	0.45	0.00	(0.87)	0.00	0.00	0.00	0.00	72.22
LNMG	8.98	1.90	0.04	(0.39)	11.46	(50.93)	40.91	(20.00)	165.77
FXBY	1.06	0.20	0.03	3.54	1.47	(2.27)	4.07	(2.31)	19.03

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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