Eco Depot Correlations
| ECDP Stock | USD 0.07 0.02 45.65% |
The current 90-days correlation between Eco Depot and Next Generation Management is 0.07 (i.e., Significant diversification). The correlation of Eco Depot 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.
Eco Depot Correlation With Market
Average diversification
The correlation between Eco Depot and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eco Depot and DJI in the same portfolio, assuming nothing else is changed.
Eco |
The ability to find closely correlated positions to Eco Depot could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eco Depot 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 Eco Depot - 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 Eco Depot to buy it.
Moving together with Eco Pink Sheet
| 0.66 | MTSFY | Mitsui Fudosan | PairCorr |
| 0.69 | MTSFF | Mitsui Fudosan | PairCorr |
| 0.63 | OXSQG | Oxford Square Capital | PairCorr |
| 0.67 | ARHVF | Archer Limited | PairCorr |
| 0.76 | TKC | Turkcell Iletisim Earnings Call Today | PairCorr |
Moving against Eco Pink Sheet
| 0.75 | NDVLY | New World Development | PairCorr |
| 0.73 | HLDCY | Henderson Land Devel Earnings Call Tomorrow | PairCorr |
| 0.66 | NWWDF | New World Development | PairCorr |
| 0.62 | DIFTY | Daito Trust Construction | PairCorr |
| 0.37 | VFS | VinFast Auto | PairCorr |
| 0.32 | VFSWW | VinFast Auto | PairCorr |
| 0.33 | USHAF | Usha Resources | PairCorr |
| 0.46 | BNTC | Benitec Biopharma | PairCorr |
| 0.36 | PRCH | Porch Group | PairCorr |
Related Correlations Analysis
| -0.29 | 0.3 | 0.1 | -0.33 | NGMC | ||
| -0.29 | -0.15 | -0.11 | -0.09 | CDIX | ||
| 0.3 | -0.15 | -0.23 | -0.37 | SAKL | ||
| 0.1 | -0.11 | -0.23 | 0.06 | ERAO | ||
| -0.33 | -0.09 | -0.37 | 0.06 | TAKD | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Eco Pink Sheet performing well and Eco Depot 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 Eco Depot'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NGMC | 9.13 | 2.54 | 0.14 | 0.64 | 8.31 | 33.33 | 93.33 | |||
| CDIX | 3.63 | 0.22 | 0.00 | 0.43 | 0.00 | 0.00 | 170.51 | |||
| SAKL | 13.34 | 3.57 | 0.15 | 1.40 | 10.69 | 50.00 | 192.86 | |||
| ERAO | 28.95 | 6.96 | 0.29 | (0.48) | 19.06 | 138.84 | 269.87 | |||
| TAKD | 66.48 | 31.10 | 0.00 | (2.44) | 0.00 | 57.37 | 1,997 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eco Depot 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.Did you try this?
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Eco Depot Corporate Management
| Charlie Kim | Chief Director | Profile | |
| Sean Yoo | S Director | Profile | |
| Hadelin Trouyet | Pres CEO | Profile | |
| Juan Sanchez | Director Director | Profile | |
| Alexander Muntean | VP Director | Profile |