Eva Live Correlations

GOAI Stock

USD 5.95 0.10 1.71%

The current 90-days correlation between Eva Live and American Picture House is -0.08 (i.e., Good diversification). The correlation of Eva Live 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.

Eva Live Correlation With Market

Poor diversification

The correlation between Eva Live and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eva Live and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Eva OTC Stock

0.71	FOX	Fox Corp Class	Pair Corr
0.76	FBIOP	Fortress Biotech Pref	Pair Corr
0.71	ZIJMF	Zijin Mining Group	Pair Corr
0.66	CXMSF	CEMEX SAB de	Pair Corr
0.61	AEM	Agnico Eagle Mines	Pair Corr
0.72	C	Citigroup	Pair Corr
0.76	FIVE	Five Below	Pair Corr
0.64	ORXCF	ORIX	Pair Corr
0.72	RKLB	Rocket Lab USA Potential Growth	Pair Corr
0.73	RH	RH	Pair Corr
0.64	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.68	HLT	Hilton Worldwide Holdings	Pair Corr
0.86	KMFG	KMFG	Pair Corr
0.7	MNHVF	Mowi ASA	Pair Corr
0.67	SIFY	Sify Technologies	Pair Corr

Moving against Eva OTC Stock

0.59	FSTF	First State Financial	Pair Corr
0.38	FWONA	Liberty Media Potential Growth	Pair Corr
0.34	FWONK	Liberty Media	Pair Corr
0.39	AUHIF	Advance United Holdings	Pair Corr

Related Correlations Analysis

	THBRF	TVAGF	OAMCF	SADL	IRIDQ	KDOZF	QYOUF	VPLM	MOBQ	APHP
THBRF		0.0	-0.28	0.0	-0.44	0.7	0.14	0.53	-0.46	-0.65	THBRF
TVAGF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TVAGF
OAMCF	-0.28	0.0		0.0	0.2	-0.36	0.18	-0.24	0.45	0.11	OAMCF
SADL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SADL
IRIDQ	-0.44	0.0	0.2	0.0		-0.48	-0.06	-0.8	0.59	0.81	IRIDQ
KDOZF	0.7	0.0	-0.36	0.0	-0.48		0.11	0.49	-0.55	-0.64	KDOZF
QYOUF	0.14	0.0	0.18	0.0	-0.06	0.11		-0.05	0.02	-0.13	QYOUF
VPLM	0.53	0.0	-0.24	0.0	-0.8	0.49	-0.05		-0.62	-0.73	VPLM
MOBQ	-0.46	0.0	0.45	0.0	0.59	-0.55	0.02	-0.62		0.61	MOBQ
APHP	-0.65	0.0	0.11	0.0	0.81	-0.64	-0.13	-0.73	0.61		APHP
	THBRF	TVAGF	OAMCF	SADL	IRIDQ	KDOZF	QYOUF	VPLM	MOBQ	APHP

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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

APHP	+ 0.81	IRIDQ
KDOZF	+ 0.7	THBRF
APHP	+ 0.61	MOBQ
MOBQ	+ 0.59	IRIDQ
VPLM	+ 0.53	THBRF
VPLM	+ 0.49	KDOZF

High negative correlations

VPLM	- 0.8	IRIDQ
APHP	- 0.73	VPLM
APHP	- 0.65	THBRF
APHP	- 0.64	KDOZF
MOBQ	- 0.62	VPLM
MOBQ	- 0.55	KDOZF

Risk-Adjusted Indicators

There is a big difference between Eva OTC Stock performing well and Eva Live OTC Stock 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 Eva Live'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
THBRF	2.20	0.46	0.18	1.32	1.66	(3.96)	5.26	(3.75)	34.58
TVAGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OAMCF	3.25	0.51	0.05	(0.28)	3.29	(13.84)	11.11	(5.88)	44.41
SADL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IRIDQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KDOZF	3.40	0.68	0.06	(0.42)	3.75	(7.60)	9.09	(8.70)	32.38
QYOUF	122.51	66.15	1.62	(0.79)	19.95	(260.60)	1,041	(23.91)	1,206
VPLM	7.13	0.70	0.08	3.73	7.56	(8.56)	16.48	(11.69)	48.32
MOBQ	5.75	(0.15)	0.00	(0.06)	0.00	0.00	14.29	(10.59)	38.78
APHP	5.32	(0.29)	0.00	1.69	0.00	0.00	20.99	(19.00)	50.00

Be your own money manager

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