EMPEROR ENT Correlations

EM7A Stock

EUR 0.03 0.0005 1.52%

The current 90-days correlation between EMPEROR ENT HOTEL and Monster Beverage Corp is 0.03 (i.e., Significant diversification). The correlation of EMPEROR ENT 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.

EMPEROR ENT Correlation With Market

Average diversification

The correlation between EMPEROR ENT HOTEL and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EMPEROR ENT HOTEL and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with EMPEROR Stock

0.63

PKX

POSCO Holdings

Pair Corr

Moving against EMPEROR Stock

0.67	APC	Apple Inc Earnings Call This Week	Pair Corr
0.66	APC	Apple Inc Earnings Call This Week	Pair Corr
0.66	APC	Apple Inc Earnings Call This Week	Pair Corr
0.66	APC	Apple Inc Earnings Call This Week	Pair Corr
0.55	MSF	Microsoft Earnings Call This Week	Pair Corr
0.55	MSF	Microsoft Earnings Call This Week	Pair Corr
0.54	AMZ	Amazon Inc Earnings Call This Week	Pair Corr
0.53	MSF	Microsoft Earnings Call This Week	Pair Corr
0.52	MSF	Microsoft Earnings Call This Week	Pair Corr
0.51	MSF	Microsoft Earnings Call This Week	Pair Corr
0.34	E908	Lyxor 1	Pair Corr
0.33	KMBA	SK TELECOM TDADR	Pair Corr

Related Correlations Analysis

	MOB	7SN	NY70	JAN	12P	HKT	14N1
MOB		0.55	0.48	0.6	-0.28	-0.25	-0.22	MOB
7SN	0.55		0.26	0.33	-0.65	-0.52	-0.41	7SN
NY70	0.48	0.26		0.25	0.13	0.29	0.31	NY70
JAN	0.6	0.33	0.25		-0.13	-0.15	0.18	JAN
12P	-0.28	-0.65	0.13	-0.13		0.87	0.77	12P
HKT	-0.25	-0.52	0.29	-0.15	0.87		0.79	HKT
14N1	-0.22	-0.41	0.31	0.18	0.77	0.79		14N1
	MOB	7SN	NY70	JAN	12P	HKT	14N1

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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

HKT	+ 0.87	12P
14N1	+ 0.79	HKT
14N1	+ 0.77	12P
JAN	+ 0.6	MOB
7SN	+ 0.55	MOB
NY70	+ 0.48	MOB

High negative correlations

12P	- 0.65	7SN
HKT	- 0.52	7SN
14N1	- 0.41	7SN
12P	- 0.28	MOB
HKT	- 0.25	MOB
14N1	- 0.22	MOB

Risk-Adjusted Indicators

There is a big difference between EMPEROR Stock performing well and EMPEROR ENT 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 EMPEROR ENT'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
MOB	1.00	(0.12)	0.00	(5.39)	0.00	0.00	1.74	(1.95)	10.61
7SN	1.17	(0.15)	0.00	0.98	0.00	0.00	1.81	(2.43)	9.82
NY70	0.95	0.09	0.02	3.67	1.17	(2.06)	3.60	(2.89)	8.81
JAN	1.05	(0.01)	(0.03)	0.00	1.31	(1.45)	2.31	(2.26)	8.73
12P	1.49	0.12	0.02	(0.18)	1.92	(1.47)	3.15	(2.93)	11.94
HKT	0.47	0.04	0.00	0.47	0.55	(1.60)	1.61	(1.56)	3.23
14N1	0.88	0.15	0.11	15.83	0.75	(1.06)	2.39	(1.63)	4.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in EMPEROR ENT 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.

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