E For Correlations
EFORL Stock | THB 0.19 0.01 5.00% |
The correlation of E For 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as E For moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E for L moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E for L. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. EFORL |
The ability to find closely correlated positions to E For could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E For 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 E For - 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 E for L to buy it.
Moving together with EFORL Stock
Moving against EFORL Stock
Related Correlations Analysis
0.56 | -0.47 | -0.38 | 0.3 | WINNER | ||
0.56 | -0.3 | -0.36 | 0.52 | VCOM | ||
-0.47 | -0.3 | 0.51 | -0.21 | TM | ||
-0.38 | -0.36 | 0.51 | -0.63 | SICT | ||
0.3 | 0.52 | -0.21 | -0.63 | VIBHA | ||
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
|
Risk-Adjusted Indicators
There is a big difference between EFORL Stock performing well and E For 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 E For'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
WINNER | 1.00 | (0.04) | 0.00 | 0.46 | 0.00 | 2.02 | 13.94 | |||
VCOM | 0.96 | (0.06) | 0.00 | 0.32 | 0.00 | 1.86 | 8.36 | |||
TM | 0.69 | (0.02) | 0.00 | 0.30 | 0.00 | 1.60 | 4.21 | |||
SICT | 1.32 | (0.20) | 0.00 | 0.77 | 0.00 | 2.66 | 8.74 | |||
VIBHA | 1.29 | 0.36 | 0.13 | (2.01) | 1.16 | 3.77 | 12.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in E For 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?
Run Money Managers Now
Money ManagersScreen money managers from public funds and ETFs managed around the world |
All Next | Launch Module |
Already Invested in E for L?
The danger of trading E for L is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of E For is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than E For. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile E for L is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E for L. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for EFORL Stock analysis
When running E For's price analysis, check to measure E For's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy E For is operating at the current time. Most of E For's value examination focuses on studying past and present price action to predict the probability of E For's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move E For's price. Additionally, you may evaluate how the addition of E For to your portfolios can decrease your overall portfolio volatility.
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |