ECGI Holdings Correlations
| ECGI Stock | USD 0 0.0002 16.67% |
The current 90-days correlation between ECGI Holdings and Sonida Senior Living is 0.01 (i.e., Significant diversification). The correlation of ECGI Holdings 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.
ECGI Holdings Correlation With Market
Good diversification
The correlation between ECGI Holdings and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECGI Holdings and DJI in the same portfolio, assuming nothing else is changed.
ECGI |
The ability to find closely correlated positions to ECGI Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECGI Holdings 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 ECGI Holdings - 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 ECGI Holdings to buy it.
Moving against ECGI Pink Sheet
| 0.6 | DXCM | DexCom Inc | PairCorr |
| 0.59 | GOOGL | Alphabet Class A Aggressive Push | PairCorr |
| 0.53 | EW | Edwards Lifesciences Corp | PairCorr |
| 0.37 | BSX | Boston Scientific Corp | PairCorr |
| 0.55 | CSCO | Cisco Systems | PairCorr |
| 0.54 | WMT | Walmart | PairCorr |
| 0.53 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.47 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.39 | DIS | Walt Disney | PairCorr |
Related Correlations Analysis
| -0.07 | 0.07 | 0.06 | 0.09 | 0.32 | 0.16 | SNDA | ||
| -0.07 | 0.8 | 0.09 | 0.79 | 0.14 | 0.6 | L | ||
| 0.07 | 0.8 | -0.01 | 0.84 | 0.39 | 0.51 | UVE | ||
| 0.06 | 0.09 | -0.01 | -0.13 | 0.08 | 0.11 | UCTT | ||
| 0.09 | 0.79 | 0.84 | -0.13 | 0.47 | 0.68 | GSHD | ||
| 0.32 | 0.14 | 0.39 | 0.08 | 0.47 | 0.15 | ALHC | ||
| 0.16 | 0.6 | 0.51 | 0.11 | 0.68 | 0.15 | NODK | ||
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between ECGI Pink Sheet performing well and ECGI Holdings 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 ECGI Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNDA | 2.33 | (0.24) | 0.00 | (0.38) | 0.00 | 5.59 | 12.89 | |||
| L | 0.92 | 0.07 | 0.04 | 0.56 | 1.32 | 1.72 | 8.14 | |||
| UVE | 1.86 | (0.07) | 0.00 | (0.13) | 0.00 | 4.44 | 19.52 | |||
| UCTT | 2.24 | (0.01) | (0.01) | (0.02) | 3.11 | 3.91 | 11.98 | |||
| GSHD | 1.63 | 0.24 | 0.13 | 2.47 | 1.53 | 3.57 | 18.31 | |||
| ALHC | 2.65 | 0.04 | 0.01 | 0.08 | 3.36 | 6.55 | 19.10 | |||
| NODK | 1.11 | 0.00 | (0.01) | 0.01 | 1.49 | 2.01 | 7.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ECGI Holdings 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?
Run Aroon Oscillator Now
Aroon OscillatorAnalyze current equity momentum using Aroon Oscillator and other momentum ratios |
| All Next | Launch Module |
ECGI Holdings Corporate Management
| Danny Wong | Acting Consultant | Profile | |
| Nicholas Bozza | Chief Officer | Profile | |
| Joseph Hashim | VP Marketing | Profile | |
| William Chung | CEO Directors | Profile | |
| Richard Owsik | Consultant | Profile |