Eastside Distilling Correlations

The correlation of Eastside Distilling 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. If the correlation is 0, the equities are not correlated; they are entirely random.
  
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
CWGLMGPI
NWINFMGPI
CWGLNWINF
PDRDFMGPI
CWGLPDRDF
NWINFPDRDF
  
High negative correlations   
PDRDFADWPF
CWGLADWPF
SBEVADWPF
MGPIADWPF
CWGLSBEV
MGPIVINE

Risk-Adjusted Indicators

There is a big difference between Eastside Stock performing well and Eastside Distilling 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 Eastside Distilling'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ICNB  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
VWE  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ADWPF  1.37  0.33  0.12 (2.37) 1.33 
 5.17 
 13.34 
SBEV  5.66  0.10  0.01 (0.17) 6.55 
 12.50 
 59.26 
VINE  6.20  0.28  0.04  0.13  6.68 
 12.33 
 44.20 
MGPI  1.86 (0.63) 0.00 (0.95) 0.00 
 3.16 
 10.20 
NAPA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
PDRDF  2.40 (0.12) 0.00  0.50  0.00 
 6.03 
 15.51 
NWINF  5.71  0.01  0.00 (0.01) 6.92 
 11.86 
 34.08 
CWGL  1.14 (0.22) 0.00  1.66  0.00 
 2.18 
 8.18 

Delisting Warning - EAST

Eastside Distilling was delisted

The entity Eastside Distilling with a symbol EAST was delisted from NASDAQ Exchange. Please try BLNE with a symbol BLNE from now on. Check all delisted instruments accross multiple markets.

Eastside Distilling Corporate Management

Still Interested in Eastside Distilling?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.