Equitable Financial Correlations
| EQFNDelisted Stock | USD 12.75 0.00 0.00% |
The current 90-days correlation between Equitable Financial Corp and Bank of San is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Equitable Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equitable Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Equitable Financial Correlation With Market
Average diversification
The correlation between Equitable Financial Corp and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equitable Financial Corp and DJI in the same portfolio, assuming nothing else is changed.
Equitable |
The ability to find closely correlated positions to Equitable Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equitable Financial 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 Equitable Financial - 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 Equitable Financial Corp to buy it.
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
|
Risk-Adjusted Indicators
There is a big difference between Equitable Pink Sheet performing well and Equitable Financial 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 Equitable Financial'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.Equitable Financial Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Equitable Financial pink sheet to make a market-neutral strategy. Peer analysis of Equitable Financial could also be used in its relative valuation, which is a method of valuing Equitable Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Equitable Financial Corp?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.