Emeco Holdings Correlations
| EOHDF Stock | USD 0.53 0.00 0.00% |
The correlation of Emeco 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.
Emeco Holdings Correlation With Market
Very good diversification
The correlation between Emeco Holdings Limited and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emeco Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.
Emeco |
The ability to find closely correlated positions to Emeco 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 Emeco 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 Emeco 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 Emeco Holdings Limited to buy it.
Moving together with Emeco Pink Sheet
| 0.81 | GLABF | Gemina Laboratories | PairCorr |
| 0.79 | NSFDF | NXT Energy Solutions Earnings Call Today | PairCorr |
| 0.62 | TKOMF | Tokio Marine Holdings | PairCorr |
| 0.74 | ISMAY | Indra Sistemas SA | PairCorr |
| 0.61 | AEM | Agnico Eagle Mines Sell-off Trend | PairCorr |
| 0.75 | DNSKF | Danske Bank AS Normal Trading | PairCorr |
Moving against Emeco Pink Sheet
| 0.8 | UHAL-B | U Haul Holding | PairCorr |
| 0.75 | ASHTY | Ashtead Gro | PairCorr |
| 0.75 | ASHTF | Ashtead Group plc | PairCorr |
| 0.73 | URI | United Rentals | PairCorr |
| 0.73 | UHAL | U Haul Holding | PairCorr |
| 0.38 | FTAI | Fortress Transp Infra | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Emeco Pink Sheet performing well and Emeco 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 Emeco 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASHTY | 1.36 | (0.20) | 0.00 | 1.52 | 0.00 | 2.56 | 8.35 | |||
| FPAY | 4.07 | (0.17) | 0.00 | (0.27) | 0.00 | 7.33 | 46.10 | |||
| MWG | 3.50 | 0.56 | 0.11 | 0.67 | 3.09 | 10.71 | 25.68 | |||
| HTZ | 3.39 | 0.00 | 0.00 | (0.04) | 0.00 | 6.57 | 22.41 | |||
| URI | 1.81 | (0.18) | 0.00 | (0.16) | 0.00 | 3.01 | 11.30 | |||
| PRG | 2.13 | (0.56) | 0.00 | (0.70) | 0.00 | 3.12 | 31.87 | |||
| AAN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FTAIN | 0.50 | 0.01 | 0.04 | (1.49) | 0.91 | 0.99 | 4.59 | |||
| BRDS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AZNVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Emeco 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?
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Emeco Holdings Corporate Management
| Steven Versteegen | CoFounder Portal | Profile | |
| BEng MBA | CEO MD | Profile | |
| BBus LLB | Company Counsel | Profile | |
| Justine Lea | Chief Officer | Profile | |
| Sam Byford | Mang Affairs | Profile |