Emerita Resources Correlations

EMOTF Stock

USD 0.47 0.04 9.30%

The current 90-days correlation between Emerita Resources Corp and Lotus Resources Limited is -0.18 (i.e., Good diversification). The correlation of Emerita Resources 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.

Emerita Resources Correlation With Market

Average diversification

The correlation between Emerita Resources Corp 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 Emerita Resources Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Emerita OTC Stock

0.71	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.64	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Emerita OTC Stock

0.59	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.52	BAC	Bank of America Aggressive Push	Pair Corr
0.42	WMT	Walmart Aggressive Push	Pair Corr
0.41	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.32	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	NBTRF	JUGRF	SPCNF	LTSRF	CNIKF	ECORF	TORVF	BCMRF	BYDMF	LBNKF
NBTRF		-0.22	0.06	-0.03	0.04	-0.37	-0.28	-0.27	0.05	-0.21	NBTRF
JUGRF	-0.22		0.46	0.26	0.59	0.19	0.38	0.56	0.3	0.92	JUGRF
SPCNF	0.06	0.46		0.72	0.78	0.0	-0.26	-0.07	-0.2	0.46	SPCNF
LTSRF	-0.03	0.26	0.72		0.6	0.07	-0.52	-0.27	-0.26	0.27	LTSRF
CNIKF	0.04	0.59	0.78	0.6		-0.18	0.0	0.21	0.02	0.58	CNIKF
ECORF	-0.37	0.19	0.0	0.07	-0.18		0.1	-0.01	-0.04	0.26	ECORF
TORVF	-0.28	0.38	-0.26	-0.52	0.0	0.1		0.69	0.37	0.35	TORVF
BCMRF	-0.27	0.56	-0.07	-0.27	0.21	-0.01	0.69		0.49	0.6	BCMRF
BYDMF	0.05	0.3	-0.2	-0.26	0.02	-0.04	0.37	0.49		0.38	BYDMF
LBNKF	-0.21	0.92	0.46	0.27	0.58	0.26	0.35	0.6	0.38		LBNKF
	NBTRF	JUGRF	SPCNF	LTSRF	CNIKF	ECORF	TORVF	BCMRF	BYDMF	LBNKF

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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

LBNKF	+ 0.92	JUGRF
CNIKF	+ 0.78	SPCNF
LTSRF	+ 0.72	SPCNF
BCMRF	+ 0.69	TORVF
CNIKF	+ 0.6	LTSRF
LBNKF	+ 0.6	BCMRF

High negative correlations

TORVF	- 0.52	LTSRF
ECORF	- 0.37	NBTRF
TORVF	- 0.28	NBTRF
BCMRF	- 0.27	LTSRF
BCMRF	- 0.27	NBTRF
BYDMF	- 0.26	LTSRF

Risk-Adjusted Indicators

There is a big difference between Emerita OTC Stock performing well and Emerita Resources OTC Stock 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 Emerita Resources' 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
NBTRF	1.24	0.30	0.00	(0.01)	0.00	0.00	0.00	0.00	62.35
JUGRF	5.54	(0.45)	0.00	1.50	0.00	0.00	11.67	(13.41)	48.26
SPCNF	4.42	1.15	0.00	(0.30)	0.00	0.00	0.00	(10.36)	132.43
LTSRF	4.02	0.03	(0.01)	0.30	4.63	(7.44)	10.53	(6.67)	27.62
CNIKF	1.81	(0.14)	0.00	(0.17)	0.00	0.00	3.80	(3.66)	14.46
ECORF	5.38	(0.16)	0.00	(0.10)	0.00	0.00	21.48	(17.24)	57.11
TORVF	7.82	0.60	0.03	0.97	10.67	(20.56)	24.53	(21.91)	97.99
BCMRF	4.58	0.45	0.00	3.57	0.00	0.00	20.00	(16.67)	78.09
BYDMF	9.19	0.65	0.03	(1.44)	11.83	(11.05)	23.61	(19.18)	139.55
LBNKF	3.57	(0.94)	0.00	9.34	0.00	0.00	6.67	(9.09)	18.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Emerita Resources 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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