EcoPlus Correlations

ECPL Stock

USD 0.01 0 7.97%

The current 90-days correlation between EcoPlus and Aqua Metals is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EcoPlus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EcoPlus moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EcoPlus Correlation With Market

Average diversification

The correlation between EcoPlus and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EcoPlus and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against EcoPlus Pink Sheet

0.58	NHNCF	NAVER Corp	Pair Corr
0.5	VEOEY	Veolia Environnement	Pair Corr
0.47	PKX	POSCO Holdings	Pair Corr
0.45	BRK-B	Berkshire Hathaway	Pair Corr
0.44	BRK-A	Berkshire Hathaway	Pair Corr
0.43	VEOEF	Veolia Environnement	Pair Corr
0.35	RSG	Republic Services	Pair Corr
0.59	PLSQF	Plus500	Pair Corr
0.56	GLADZ	Gladstone Capital	Pair Corr
0.51	ANIOY	Acerinox SA ADR	Pair Corr
0.49	RWAYZ	Runway Growth Finance	Pair Corr
0.48	PXHI	Phonex Inc Earnings Call This Week	Pair Corr
0.47	BKD	Brookdale Senior Living	Pair Corr
0.44	SEDG	SolarEdge Technologies	Pair Corr
0.37	RCKHF	Rockhopper Exploration	Pair Corr
0.35	BCOV	Brightcove	Pair Corr
0.35	MKTW	Marketwise	Pair Corr
0.34	RDUFF	Radius Gold	Pair Corr
0.56	BWAGF	BAWAG Group AG	Pair Corr
0.5	BAYZF	Bayer AG	Pair Corr
0.45	PRCH	Porch Group	Pair Corr
0.42	NSYC	National Stock Yards	Pair Corr
0.41	WHLRL	Wheeler Real Estate	Pair Corr
0.36	MLBEF	Webcentral Group	Pair Corr
0.35	BYDDY	BYD Co	Pair Corr
0.33	SMFG	Sumitomo Mitsui Financial Normal Trading	Pair Corr

Related Correlations Analysis

	SEPOF	AGXXF	BCCEF	CHRA	BTQNF	ANRGF	MEG	AQMS	LNZA
SEPOF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SEPOF
AGXXF	0.0		-0.69	0.0	0.34	-0.62	-0.13	0.36	0.62	AGXXF
BCCEF	0.0	-0.69		0.0	-0.27	0.46	0.22	-0.24	-0.46	BCCEF
CHRA	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CHRA
BTQNF	0.0	0.34	-0.27	0.0		-0.07	0.21	0.03	0.35	BTQNF
ANRGF	0.0	-0.62	0.46	0.0	-0.07		0.42	-0.13	-0.23	ANRGF
MEG	0.0	-0.13	0.22	0.0	0.21	0.42		-0.1	0.32	MEG
AQMS	0.0	0.36	-0.24	0.0	0.03	-0.13	-0.1		0.51	AQMS
LNZA	0.0	0.62	-0.46	0.0	0.35	-0.23	0.32	0.51		LNZA
	SEPOF	AGXXF	BCCEF	CHRA	BTQNF	ANRGF	MEG	AQMS	LNZA

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

LNZA	+ 0.62	AGXXF
LNZA	+ 0.51	AQMS
ANRGF	+ 0.46	BCCEF
MEG	+ 0.42	ANRGF
AQMS	+ 0.36	AGXXF
LNZA	+ 0.35	BTQNF

High negative correlations

BCCEF	- 0.69	AGXXF
ANRGF	- 0.62	AGXXF
LNZA	- 0.46	BCCEF
BTQNF	- 0.27	BCCEF
AQMS	- 0.24	BCCEF
LNZA	- 0.23	ANRGF

Risk-Adjusted Indicators

There is a big difference between EcoPlus Pink Sheet performing well and EcoPlus 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 EcoPlus' 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
SEPOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGXXF	1.30	(0.31)	0.00	0.43	0.00	0.00	3.38	(5.00)	16.04
BCCEF	6.58	1.29	0.11	(0.53)	7.80	(15.11)	18.47	(8.00)	102.96
CHRA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTQNF	0.56	0.12	0.00	5.46	0.00	0.00	0.93	0.00	19.50
ANRGF	4.27	0.74	0.07	0.40	5.48	(7.65)	11.84	(10.14)	56.91
MEG	3.86	0.07	0.04	(0.39)	4.89	(4.08)	7.20	(7.61)	48.62
AQMS	5.23	0.12	0.02	0.00	5.26	(6.91)	15.17	(9.33)	34.72
LNZA	7.56	(0.30)	0.00	(0.18)	0.00	0.00	17.65	(13.98)	49.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in EcoPlus 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 Fundamentals Comparison Now

Fundamentals Comparison

Compare fundamentals across multiple equities to find investing opportunities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC