Euro Manganese Correlations
| EUMNF Stock | USD 0.03 0 9.20% |
The current 90-days correlation between Euro Manganese and Lithium Australia NL is -0.08 (i.e., Good diversification). The correlation of Euro Manganese 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.
Euro Manganese Correlation With Market
Average diversification
The correlation between Euro Manganese and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Euro Manganese and DJI in the same portfolio, assuming nothing else is changed.
Euro |
The ability to find closely correlated positions to Euro Manganese could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euro Manganese 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 Euro Manganese - 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 Euro Manganese to buy it.
Moving together with Euro OTC Stock
| 0.68 | TOI | Oncology Institute Earnings Call This Week | PairCorr |
| 0.69 | NVRO | Nevro Corp | PairCorr |
| 0.81 | BAOB | Baraboo Bancorporation | PairCorr |
| 0.69 | GE | GE Aerospace | PairCorr |
| 0.65 | CSCO | Cisco Systems | PairCorr |
| 0.62 | MMM | 3M Company | PairCorr |
| 0.65 | T | ATT Inc Earnings Call This Week | PairCorr |
Moving against Euro OTC Stock
| 0.56 | GLCNF | Glencore PLC | PairCorr |
| 0.55 | GLNCY | Glencore PLC ADR | PairCorr |
| 0.54 | AA | Alcoa Corp | PairCorr |
| 0.39 | MSFT | Microsoft | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Euro OTC Stock performing well and Euro Manganese OTC Stock 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 Euro Manganese'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BGAVF | 7.35 | 1.67 | 0.16 | 0.82 | 6.88 | 20.69 | 69.91 | |||
| SSEBF | 9.36 | 1.79 | 0.08 | (0.53) | 10.38 | 22.50 | 104.63 | |||
| AVCVF | 0.63 | (0.27) | 0.00 | 0.75 | 0.00 | 0.00 | 15.32 | |||
| PSGR | 8.36 | 1.99 | 0.08 | 0.59 | 9.39 | 32.35 | 104.67 | |||
| LMMFF | 3.07 | (0.58) | 0.00 | (0.44) | 0.00 | 6.14 | 66.54 | |||
| BSHVF | 76.28 | 36.52 | 0.00 | (7.99) | 0.00 | 300.00 | 1,099 | |||
| CCOOF | 5.02 | 0.08 | 0.04 | (0.14) | 5.51 | 9.62 | 44.87 | |||
| FLYNF | 11.73 | 0.47 | 0.01 | 0.07 | 18.30 | 27.50 | 81.82 | |||
| BITTF | 6.33 | 0.72 | 0.03 | 0.11 | 9.15 | 25.42 | 118.21 | |||
| AVRTF | 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 Euro Manganese 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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Euro Manganese Corporate Management
Elected by the shareholders, the Euro Manganese's board of directors comprises two types of representatives: Euro Manganese inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Euro. The board's role is to monitor Euro Manganese's management team and ensure that shareholders' interests are well served. Euro Manganese's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Euro Manganese's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marco Romero | Founder Member | Profile | |
| Martina Blahova | Chief Officer | Profile | |
| Andrea PEng | VP Operations | Profile | |
| Matthew BE | Pres CEO | Profile | |
| Ron Shewchuk | Director Communications | Profile | |
| Fausto CA | VP Sec | Profile | |
| Jan Votava | Managing SRO | Profile |