East Resources Correlations

Summary

ERESUDelisted Stock

USD 10.00 0.00 0.00%

The current 90-days correlation between East Resources Acqui and Sphere Entertainment Co is -0.04 (i.e., Good diversification). The correlation of East 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. If the correlation is 0, the equities are not correlated; they are entirely random.

East Resources Correlation With Market

Good diversification

The correlation between East Resources Acquisition and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding East Resources Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against East Stock

0.52	VWAPY	Volkswagen AG Pref	Pair Corr
0.51	VWAGY	Volkswagen AG 110	Pair Corr
0.51	VLKPF	Volkswagen AG VZO	Pair Corr
0.46	VLKAF	Volkswagen AG	Pair Corr
0.43	DPSTF	Deutsche Post AG	Pair Corr
0.38	MEDS	Trxade Group Symbol Change	Pair Corr
0.32	HNHPF	Hon Hai Precision	Pair Corr
0.4	251566AA3	DT 3625 21	Pair Corr
0.4	BYDDY	BYD Co	Pair Corr

Related Correlations Analysis

	SPHR	PLTK	GO	TBBB	PLAY	FRCOF	CPNG	LULU
SPHR		-0.1	-0.32	0.56	0.45	0.35	0.6	-0.77	SPHR
PLTK	-0.1		0.66	0.13	0.6	-0.3	0.13	0.03	PLTK
GO	-0.32	0.66		-0.18	0.15	-0.24	-0.29	0.33	GO
TBBB	0.56	0.13	-0.18		0.45	0.07	0.48	-0.43	TBBB
PLAY	0.45	0.6	0.15	0.45		-0.01	0.56	-0.33	PLAY
FRCOF	0.35	-0.3	-0.24	0.07	-0.01		0.13	-0.01	FRCOF
CPNG	0.6	0.13	-0.29	0.48	0.56	0.13		-0.58	CPNG
LULU	-0.77	0.03	0.33	-0.43	-0.33	-0.01	-0.58		LULU
	SPHR	PLTK	GO	TBBB	PLAY	FRCOF	CPNG	LULU

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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

GO	+ 0.66	PLTK
CPNG	+ 0.6	SPHR
PLAY	+ 0.6	PLTK
TBBB	+ 0.56	SPHR
CPNG	+ 0.56	PLAY
CPNG	+ 0.48	TBBB

High negative correlations

LULU	- 0.77	SPHR
LULU	- 0.58	CPNG
LULU	- 0.43	TBBB
LULU	- 0.33	PLAY
GO	- 0.32	SPHR
FRCOF	- 0.3	PLTK

Risk-Adjusted Indicators

There is a big difference between East Stock performing well and East Resources 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 East 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
SPHR	2.03	(0.10)	0.00	91.83	0.00	0.00	3.79	(3.68)	14.27
PLTK	1.24	(0.22)	0.00	(0.21)	0.00	0.00	1.90	(2.65)	10.85
GO	2.70	(0.06)	0.00	0.01	4.18	(2.73)	5.45	(5.23)	21.42
TBBB	1.83	(0.09)	0.00	(0.06)	0.00	0.00	3.13	(4.24)	17.16
PLAY	3.50	(0.15)	0.00	(0.02)	0.00	0.00	6.98	(7.97)	29.57
FRCOF	0.93	0.18	0.00	(18.68)	0.00	0.00	2.65	(0.98)	23.45
CPNG	1.44	(0.11)	0.00	(0.25)	0.00	0.00	4.63	(3.74)	15.67
LULU	1.89	0.62	0.25	(1.68)	1.73	(2.05)	4.16	(3.10)	20.63

East Resources 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 East Resources stock to make a market-neutral strategy. Peer analysis of East Resources could also be used in its relative valuation, which is a method of valuing East Resources by comparing valuation metrics with similar companies.

Sphere Entertainment Co Playtika Holding Corp Grocery Outlet Holding BBB Foods Dave Busters Entertainment Fast Retailing Co Coupang LLC Lululemon Athletica American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

East Resources Corporate Management

Gary Hagerman	CFO Treasurer	Profile
Adam Gusky	Chief Officer	Profile
Terrence Pegula	CEO Chairman	Profile
Jacob Long	VP Operations	Profile
John Sieminski	G Sec	Profile

Still Interested in East Resources Acquisition?

Investing in delisted delisted stocks can be risky, as the stock 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.

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