E Home Correlations

EJH Stock

USD 1.03 0.03 2.83%

The current 90-days correlation between E Home Household and Carriage Services is 0.16 (i.e., Average diversification). The correlation of E Home 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.

E Home Correlation With Market

Good diversification

The correlation between E Home Household Service and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding E Home Household Service and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E Home Household Service. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving against EJH Stock

0.46	HD	Home Depot	Pair Corr
0.41	BJRI	BJs Restaurants	Pair Corr
0.34	RH	RH Earnings Call Tomorrow	Pair Corr
0.33	LOCO	El Pollo Loco	Pair Corr
0.65	EWCZ	European Wax Center Potential Growth	Pair Corr
0.56	GIL	Gildan Activewear	Pair Corr
0.52	BBY	Best Buy Sell-off Trend	Pair Corr
0.43	DKS	Dicks Sporting Goods	Pair Corr
0.43	LOW	Lowes Companies	Pair Corr
0.35	DDS	Dillards	Pair Corr
0.35	KSS	Kohls Corp	Pair Corr
0.34	FND	Floor Decor Holdings	Pair Corr

Related Correlations Analysis

	PRRWF	EM	ROVR	WW	DSEY	FTDR	CSV	BFAM	MCW	ROL
PRRWF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PRRWF
EM	0.0		0.0	-0.73	0.0	-0.2	0.05	0.84	0.65	0.76	EM
ROVR	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ROVR
WW	0.0	-0.73	0.0		0.0	0.64	0.24	-0.86	-0.74	-0.93	WW
DSEY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	DSEY
FTDR	0.0	-0.2	0.0	0.64	0.0		0.8	-0.44	-0.49	-0.57	FTDR
CSV	0.0	0.05	0.0	0.24	0.0	0.8		-0.08	-0.07	-0.1	CSV
BFAM	0.0	0.84	0.0	-0.86	0.0	-0.44	-0.08		0.73	0.88	BFAM
MCW	0.0	0.65	0.0	-0.74	0.0	-0.49	-0.07	0.73		0.82	MCW
ROL	0.0	0.76	0.0	-0.93	0.0	-0.57	-0.1	0.88	0.82		ROL
	PRRWF	EM	ROVR	WW	DSEY	FTDR	CSV	BFAM	MCW	ROL

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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

ROL	+ 0.88	BFAM
BFAM	+ 0.84	EM
ROL	+ 0.82	MCW
CSV	+ 0.8	FTDR
ROL	+ 0.76	EM
MCW	+ 0.73	BFAM

High negative correlations

ROL	- 0.93	WW
BFAM	- 0.86	WW
MCW	- 0.74	WW
WW	- 0.73	EM
ROL	- 0.57	FTDR
MCW	- 0.49	FTDR

Risk-Adjusted Indicators

There is a big difference between EJH Stock performing well and E Home 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 E Home'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
PRRWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EM	1.62	0.66	0.41	(1.91)	0.49	(3.65)	3.03	(1.30)	40.89
ROVR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WW	5.73	(1.25)	0.00	(13.52)	0.00	0.00	10.92	(11.19)	41.50
DSEY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTDR	1.95	(0.50)	0.00	(0.46)	0.00	0.00	2.96	(3.30)	23.72
CSV	1.07	(0.07)	0.00	(0.16)	0.00	0.00	1.71	(2.39)	7.05
BFAM	1.33	0.27	0.16	0.30	1.46	(1.35)	2.48	(2.32)	10.67
MCW	1.55	0.22	0.14	0.19	1.43	(1.95)	3.63	(2.94)	11.64
ROL	0.81	0.13	0.15	0.31	0.95	(0.89)	2.00	(1.73)	6.23

E Home Corporate Management

Chunsheng Zhu	Chief Officer	Profile
Wenshan Xie	Chairman CEO	Profile
Mingxiang He	Chief Director	Profile
Yang Chen	Chief Officer	Profile

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