Eq Energy Correlations
| EQLB Stock | USD 0.0008 0.00 0.00% |
The current 90-days correlation between Eq Energy Drink and Greene Concepts is 0.14 (i.e., Average diversification). The correlation of Eq Energy 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.
Eq Energy Correlation With Market
Good diversification
The correlation between Eq Energy Drink and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eq Energy Drink and DJI in the same portfolio, assuming nothing else is changed.
EQLB |
The ability to find closely correlated positions to Eq Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eq Energy 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 Eq Energy - 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 Eq Energy Drink to buy it.
Moving together with EQLB Pink Sheet
Moving against EQLB Pink Sheet
| 0.78 | HA | Hawaiian Holdings | PairCorr |
| 0.6 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.55 | MNST | Monster Beverage Corp Sell-off Trend | PairCorr |
| 0.55 | TATT | Tat Techno | PairCorr |
| 0.54 | FSTR | LB Foster | PairCorr |
| 0.48 | JXN-PA | Jackson Financial | PairCorr |
| 0.33 | NNFSF | Nongfu Spring | PairCorr |
| 0.69 | DECK | Deckers Outdoor | PairCorr |
| 0.68 | FTI | TechnipFMC PLC | PairCorr |
| 0.67 | OMIC | Singular Genomics Systems | PairCorr |
| 0.65 | OZK | Bank Ozk Fiscal Year End 16th of January 2025 | PairCorr |
| 0.65 | OPFI | OppFi Inc | PairCorr |
| 0.65 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.6 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.56 | FTNT | Fortinet | PairCorr |
| 0.49 | PANW | Palo Alto Networks | PairCorr |
| 0.48 | AGFY | Agrify Corp Trending | PairCorr |
| 0.44 | KODK | Eastman Kodak Trending | PairCorr |
| 0.36 | WDC | Western Digital | PairCorr |
| 0.35 | MET | MetLife Sell-off Trend | PairCorr |
| 0.34 | BILI | Bilibili | 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 EQLB Pink Sheet performing well and Eq Energy 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 Eq Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INKW | 4.22 | (0.27) | 0.00 | 0.32 | 0.00 | 10.00 | 26.05 | |||
| FBEC | 78.66 | 35.49 | 0.50 | (64.79) | 29.61 | 300.00 | 888.89 | |||
| FIZZ | 0.96 | 0.08 | 0.00 | 0.32 | 1.04 | 2.21 | 6.35 | |||
| COCO | 1.59 | 0.48 | 0.20 | 1.20 | 1.47 | 3.72 | 11.39 | |||
| HSEEF | 1.31 | (0.29) | 0.00 | (0.48) | 0.00 | 0.00 | 38.50 | |||
| FLWBF | 3.43 | (0.07) | 0.00 | 0.16 | 0.00 | 10.33 | 36.92 | |||
| VGID | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ALKM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HIRU | 8.38 | (0.66) | 0.00 | 4.54 | 0.00 | 19.23 | 47.92 | |||
| DRNK | 11.75 | 1.33 | 0.04 | 0.38 | 13.30 | 50.00 | 150.00 |
Be your own money manager
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Eq Energy Corporate Management
| Marvin Cole | Chief Distribution | Profile | |
| Darryl Rouson | VP Director | Profile | |
| Maurice Owens | CEO Pres | Profile | |
| Robert III | Chief Operations | Profile |