Ever Glory Correlations
| EVKGDelisted Stock | 0.16 0.00 0.00% |
The correlation of Ever Glory 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.
Ever Glory Correlation With Market
Significant diversification
The correlation between Ever Glory International Group and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ever Glory International Group and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Ever Glory could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ever Glory 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 Ever Glory - 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 Ever Glory International Group to buy it.
Moving together with Ever Pink Sheet
| 0.61 | DSHK | Drive Shack | PairCorr |
| 0.77 | EBET | Ebet Inc | PairCorr |
| 0.75 | TFRFF | Tefron | PairCorr |
| 0.69 | WPRT | Westport Fuel Systems | PairCorr |
| 0.8 | AIN | Albany International | PairCorr |
| 0.66 | AVY | Avery Dennison Corp | PairCorr |
| 0.75 | FXLV | F45 Training Holdings | PairCorr |
Moving against Ever Pink Sheet
| 0.74 | ELMSQ | Electric Last Mile | PairCorr |
| 0.62 | DIIBF | Dorel Industries | PairCorr |
| 0.51 | FLUT | Flutter Entertainment plc | PairCorr |
| 0.44 | IP | International Paper | PairCorr |
| 0.41 | DRVN | Driven Brands Holdings | PairCorr |
| 0.79 | KFS | Kingsway Financial | PairCorr |
| 0.72 | PKG | Packaging Corp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.68 | MLR | Miller Industries | PairCorr |
| 0.64 | KRT | Karat Packaging | PairCorr |
| 0.59 | BC-PB | Brunswick Corp | PairCorr |
| 0.56 | GEF | Greif Bros Fiscal Year End 4th of December 2024 | PairCorr |
| 0.51 | NCI | Neo Concept Internat | PairCorr |
| 0.46 | BC-PA | Brunswick Corp | PairCorr |
| 0.36 | BC-PC | Brunswick Corp | PairCorr |
| 0.34 | CCK | Crown Holdings | PairCorr |
Related Correlations Analysis
| -0.8 | -0.21 | -0.1 | 0.79 | 0.0 | LPCN | ||
| -0.8 | 0.07 | 0.3 | -0.81 | 0.0 | VALN | ||
| -0.21 | 0.07 | 0.37 | -0.22 | 0.0 | XPOF | ||
| -0.1 | 0.3 | 0.37 | -0.11 | 0.0 | CMRX | ||
| 0.79 | -0.81 | -0.22 | -0.11 | 0.0 | JUTOY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MDGC | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Ever Pink Sheet performing well and Ever Glory 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 Ever Glory'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LPCN | 3.25 | 0.52 | 0.10 | 11.10 | 3.79 | 7.08 | 27.84 | |||
| VALN | 2.11 | (0.73) | 0.00 | (2.19) | 0.00 | 3.55 | 22.28 | |||
| XPOF | 2.90 | 0.11 | 0.04 | 0.17 | 3.11 | 5.96 | 32.73 | |||
| CMRX | 2.82 | (0.03) | 0.00 | 0.07 | 3.17 | 5.62 | 28.36 | |||
| JUTOY | 0.94 | 0.16 | 0.00 | 0.78 | 0.00 | 4.10 | 22.77 | |||
| MDGC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Ever Glory Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ever Glory pink sheet to make a market-neutral strategy. Peer analysis of Ever Glory could also be used in its relative valuation, which is a method of valuing Ever Glory by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Ever Glory International Group?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.