EasyJet PLC Correlations

ESYJY Stock

USD 6.43 0.09 1.38%

The current 90-days correlation between EasyJet PLC ADR and easyJet plc is -0.1 (i.e., Good diversification). The correlation of EasyJet PLC 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.

EasyJet PLC Correlation With Market

Modest diversification

The correlation between EasyJet PLC ADR and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EasyJet PLC ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with EasyJet Pink Sheet

0.62

RYAOF

Ryanair Holdings PLC

Pair Corr

Moving against EasyJet Pink Sheet

0.71	SSNLF	Samsung Electronics	Pair Corr
0.65	AICAF	Air China Limited	Pair Corr
0.62	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.55	BAOB	Baraboo Bancorporation	Pair Corr
0.49	EC	Ecopetrol SA ADR	Pair Corr
0.46	NVRO	Nevro Corp	Pair Corr
0.43	CHEAF	China Eastern Airlines Earnings Call This Week	Pair Corr
0.33	AXSM	Axsome Therapeutics	Pair Corr
0.31	CDR-PB	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	CEBUF	FNNNF	EJTTF	NRSAF	AIABF	AFLYY	BABWF	SINGY	ICAGY	AFRAF
CEBUF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CEBUF
FNNNF	0.0		-0.29	-0.18	-0.4	0.82	0.37	0.92	-0.04	0.81	FNNNF
EJTTF	0.0	-0.29		-0.26	-0.2	-0.16	-0.62	-0.1	-0.24	-0.24	EJTTF
NRSAF	0.0	-0.18	-0.26		0.0	-0.22	0.12	-0.43	0.16	-0.09	NRSAF
AIABF	0.0	-0.4	-0.2	0.0		-0.36	0.18	-0.33	0.21	-0.4	AIABF
AFLYY	0.0	0.82	-0.16	-0.22	-0.36		0.2	0.87	-0.07	0.87	AFLYY
BABWF	0.0	0.37	-0.62	0.12	0.18	0.2		0.26	0.73	0.15	BABWF
SINGY	0.0	0.92	-0.1	-0.43	-0.33	0.87	0.26		-0.04	0.78	SINGY
ICAGY	0.0	-0.04	-0.24	0.16	0.21	-0.07	0.73	-0.04		-0.24	ICAGY
AFRAF	0.0	0.81	-0.24	-0.09	-0.4	0.87	0.15	0.78	-0.24		AFRAF
	CEBUF	FNNNF	EJTTF	NRSAF	AIABF	AFLYY	BABWF	SINGY	ICAGY	AFRAF

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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

SINGY	+ 0.92	FNNNF
SINGY	+ 0.87	AFLYY
AFRAF	+ 0.87	AFLYY
AFLYY	+ 0.82	FNNNF
AFRAF	+ 0.81	FNNNF
AFRAF	+ 0.78	SINGY

High negative correlations

BABWF	- 0.62	EJTTF
SINGY	- 0.43	NRSAF
AFRAF	- 0.4	AIABF
AIABF	- 0.4	FNNNF
AFLYY	- 0.36	AIABF
SINGY	- 0.33	AIABF

Risk-Adjusted Indicators

There is a big difference between EasyJet Pink Sheet performing well and EasyJet PLC 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 EasyJet PLC'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
CEBUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNNNF	1.57	0.71	0.00	(1.31)	0.00	0.00	6.38	0.00	20.75
EJTTF	0.73	(0.32)	0.00	(1.52)	0.00	0.00	0.00	(3.04)	9.73
NRSAF	2.08	0.19	0.04	(0.22)	2.78	(7.92)	9.38	(8.57)	26.40
AIABF	3.75	0.64	0.00	(1.54)	0.00	0.00	5.88	0.00	102.22
AFLYY	2.54	0.41	0.13	(2.44)	2.78	(3.33)	4.55	(4.88)	38.88
BABWF	2.48	0.51	0.10	(4.61)	2.63	(5.34)	9.76	(5.97)	20.90
SINGY	0.64	0.10	0.21	0.66	0.62	(0.72)	1.54	(1.28)	3.34
ICAGY	1.68	0.10	0.04	0.03	2.36	(1.72)	3.17	(4.01)	11.01
AFRAF	1.91	0.60	0.14	1.60	1.44	(8.46)	4.06	(3.51)	50.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in EasyJet PLC 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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EasyJet PLC Corporate Management

Sophie Dekkers	Chief Officer	Profile
Stuart Birrell	Chief Officer	Profile
David Morgan	Interim Officer	Profile
Kenton Jarvis	CFO Director	Profile
Andrew Barker	Director Relations	Profile

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