EcoPlus Correlations

ECPL Stock

USD 0.01 0.00 0.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EcoPlus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EcoPlus moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EcoPlus Correlation With Market

Good diversification

The correlation between EcoPlus and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EcoPlus and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with EcoPlus Pink Sheet

0.65	WCN	Waste Connections Earnings Call Tomorrow	Pair Corr
0.68	372546AW1	GEORGE WASH UNIV	Pair Corr

Moving against EcoPlus Pink Sheet

0.82	LTRY	Lottery, Common Stock	Pair Corr
0.76	TMRAF	Tomra Systems ASA	Pair Corr
0.68	GOOGL	Alphabet Class A Earnings Call This Week	Pair Corr
0.67	TMRAY	Tomra Systems ASA	Pair Corr
0.67	AX	Axos Financial Earnings Call This Week	Pair Corr
0.66	SNAL	Snail, Class A	Pair Corr
0.56	FBNC	First Bancorp Earnings Call This Week	Pair Corr
0.55	DOCKF	Beyond Medical Techn	Pair Corr
0.53	VEOEY	Veolia Environnement	Pair Corr
0.41	VEOEF	Veolia Environnement	Pair Corr
0.36	FENG	Phoenix New Media	Pair Corr
0.82	PTHL	Pheton Holdings	Pair Corr
0.77	CGXYY	China Galaxy Securities	Pair Corr
0.76	UTMD	Utah Medical Products Earnings Call This Week	Pair Corr
0.74	FPAFF	First Pacific	Pair Corr
0.73	JPM	JPMorgan Chase	Pair Corr
0.71	LRMR	Larimar Therapeutics	Pair Corr
0.66	DHIL	Diamond Hill Investment	Pair Corr
0.66	SRM	SRM Entertainment, Common Trending	Pair Corr
0.64	PIPR	Piper Sandler Companies Earnings Call This Week	Pair Corr
0.58	TR	Tootsie Roll Industries Earnings Call This Week	Pair Corr
0.58	CLH	Clean Harbors	Pair Corr
0.5	482480AM2	KLAC 495 15	Pair Corr
0.49	MBGYY	Mercedes Benz Group	Pair Corr
0.48	GITS	Global Interactive Symbol Change	Pair Corr
0.41	SNEX	Stonex Group	Pair Corr
0.32	ODFL	Old Dominion Freight Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	BTQNF	BCCEF	AGXXF	BANI	NWTT	ITVI	BYRG	ECOX
BTQNF		-0.71	0.07	0.0	0.0	-0.24	-0.09	0.05	BTQNF
BCCEF	-0.71		-0.07	0.0	0.0	0.48	0.5	-0.08	BCCEF
AGXXF	0.07	-0.07		0.0	0.0	-0.11	-0.29	-0.1	AGXXF
BANI	0.0	0.0	0.0		1.0	0.0	0.0	0.0	BANI
NWTT	0.0	0.0	0.0	1.0		0.0	0.0	0.0	NWTT
ITVI	-0.24	0.48	-0.11	0.0	0.0		0.53	0.0	ITVI
BYRG	-0.09	0.5	-0.29	0.0	0.0	0.53		0.17	BYRG
ECOX	0.05	-0.08	-0.1	0.0	0.0	0.0	0.17		ECOX
	BTQNF	BCCEF	AGXXF	BANI	NWTT	ITVI	BYRG	ECOX

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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

NWTT	+ 1.0	BANI
BYRG	+ 0.53	ITVI
BYRG	+ 0.5	BCCEF
ITVI	+ 0.48	BCCEF
ECOX	+ 0.17	BYRG
AGXXF	+ 0.07	BTQNF

High negative correlations

BCCEF	- 0.71	BTQNF
BYRG	- 0.29	AGXXF
ITVI	- 0.24	BTQNF
ITVI	- 0.11	AGXXF
ECOX	- 0.1	AGXXF
BYRG	- 0.09	BTQNF

Risk-Adjusted Indicators

There is a big difference between EcoPlus Pink Sheet performing well and EcoPlus 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 EcoPlus' 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
BTQNF	0.82	0.19	0.02	5.78	0.81	(4.67)	2.81	(1.89)	18.84
BCCEF	3.27	(0.35)	0.00	(0.96)	0.00	0.00	8.11	(9.72)	24.13
AGXXF	0.84	0.21	0.00	(0.56)	0.00	0.00	4.02	0.00	17.87
BANI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWTT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITVI	8.95	0.65	0.00	0.23	0.00	0.00	0.00	(50.00)	150.00
BYRG	5.50	(0.07)	0.00	0.45	0.00	0.00	15.79	(10.53)	39.95
ECOX	8.88	1.81	0.00	0.66	0.00	0.00	0.00	0.00	150.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in EcoPlus 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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