Evertz Technologies Correlations

EVTZF Stock

USD 7.49 0.10 1.32%

The current 90-days correlation between Evertz Technologies and Boxlight Corp Class is 0.06 (i.e., Significant diversification). The correlation of Evertz Technologies 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.

Evertz Technologies Correlation With Market

Average diversification

The correlation between Evertz Technologies Limited and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evertz Technologies Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Evertz Pink Sheet

0.81	KB	KB Financial Group	Pair Corr
0.76	SHG	Shinhan Financial	Pair Corr
0.79	MSFT	Microsoft	Pair Corr
0.83	CAT	Caterpillar	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.77	AXP	American Express	Pair Corr
0.66	HPQ	HP Inc Sell-off Trend	Pair Corr

Moving against Evertz Pink Sheet

0.68	KO	Coca Cola Aggressive Push	Pair Corr
0.66	BCH	Banco De Chile Normal Trading	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.65	T	ATT Inc Aggressive Push	Pair Corr
0.58	TRV	The Travelers Companies	Pair Corr
0.46	IBM	International Business	Pair Corr
0.46	INTC	Intel	Pair Corr
0.39	AVAL	Grupo Aval	Pair Corr
0.36	WF	Woori Financial Group	Pair Corr
0.33	WFC-PL	Wells Fargo	Pair Corr
0.33	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	BOXL	SYTA	WTT	MINM	CLRO
BOXL		0.62	0.0	0.0	0.16	BOXL
SYTA	0.62		0.0	0.0	0.27	SYTA
WTT	0.0	0.0		0.0	0.0	WTT
MINM	0.0	0.0	0.0		0.0	MINM
CLRO	0.16	0.27	0.0	0.0		CLRO
	BOXL	SYTA	WTT	MINM	CLRO

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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

SYTA	+ 0.62	BOXL
CLRO	+ 0.27	SYTA
CLRO	+ 0.16	BOXL
WTT	+ 0.0	BOXL
MINM	+ 0.0	BOXL
WTT	+ 0.0	SYTA

High negative correlations

CLRO	- 0.0	MINM
CLRO	- 0.0	WTT
MINM	- 0.0	WTT
MINM	- 0.0	SYTA
WTT	- 0.0	SYTA
MINM	- 0.0	BOXL

Risk-Adjusted Indicators

There is a big difference between Evertz Pink Sheet performing well and Evertz Technologies 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 Evertz Technologies' 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
BOXL	11.61	2.84	0.27	(4.68)	9.04	(17.25)	15.00	(18.34)	297.36
SYTA	7.14	(1.33)	0.00	(2.73)	0.00	0.00	19.14	(15.01)	58.34
WTT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MINM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLRO	6.09	0.71	0.10	(0.50)	5.98	(9.86)	23.81	(12.22)	66.70

Be your own money manager

Our tools can tell you how much better you can do entering a position in Evertz Technologies 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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Evertz Technologies Corporate Management

Douglas Moore	CFO Sec	Profile
Antoniella Assalone	Controller	Profile
Vince Silvestri	VicePres Systems	Profile
Simon Reed	Managing UK	Profile

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