EAU TECHNOLOGIES Correlations

EAUI
 Stock
  

USD 0.001  0.00  0.00%   

The correlation of EAU TECHNOLOGIES is a statistical measure of how it moves in relation to other equities. 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 EAU TECHNOLOGIES moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EAU TECHNOLOGIES INC 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.
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The ability to find closely correlated positions to EAU 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 EAU 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 EAU 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 EAU TECHNOLOGIES INC to buy it.

Moving against EAU TECHNOLOGIES

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0.65ARCHArch ResourcesPairCorr
0.64KTWIFKurita Water IndsPairCorr
0.54VTNRVertex EnergyPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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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EAU TECHNOLOGIES Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between EAU TECHNOLOGIES stock performing well and EAU TECHNOLOGIES company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze EAU TECHNOLOGIES's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 2.17  0.04  0.01  0.07  3.06  0.0112 (2.25)  4.87 (4.47)  36.79 
MSFT 1.32  0.03  0.02  0.06  1.71  0.0214 (1.34)  2.76 (2.93)  11.82 
UBER 2.56 (0.08)  0.00 (0.02)  0.00 (0.019)  0.00  6.08 (4.97)  26.18 
F 2.05  0.10  0.05  0.10  2.35  0.0425 (2.31)  4.73 (3.79)  21.38 
T 0.96  0.00 (0.01)  0.02  1.31 (0.0122) (1.01)  2.19 (1.95)  15.40 
A 1.22  0.03  0.02  0.07  1.64  0.0202 (1.19)  2.57 (2.91)  10.94 
CRM 1.72 (0.02) (0.01)  0.01  2.38 (0.0063) (1.71)  3.64 (3.90)  37.79 
JPM 1.31  0.00  0.01  0.03  1.57  0.0067 (1.41)  2.82 (2.81)  19.69 
MRK 0.93  0.05  0.02  0.14  1.24  0.0242 (1.01)  2.11 (1.76)  18.25 
XOM 1.68  0.14  0.07  0.16  1.94  0.06 (1.79)  3.76 (3.30)  20.56 

Be your own money manager

Our tools can tell you how much better you can do entering a position in EAU TECHNOLOGIES without increasing your portfolio risk or giving up 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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Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
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EAU TECHNOLOGIES Corporate Executives

Elected by the shareholders, the EAU TECHNOLOGIES's board of directors comprises two types of representatives: EAU TECHNOLOGIES inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EAU TECHNOLOGIES. The board's role is to monitor EAU TECHNOLOGIES's management team and ensure that shareholders' interests are well served. EAU TECHNOLOGIES'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, EAU TECHNOLOGIES's outside directors are responsible for providing unbiased perspectives on the board's policies.

Investing EAU TECHNOLOGIES INC

You need to understand the risk of investing before taking a position in EAU TECHNOLOGIES. The danger of trading EAU TECHNOLOGIES INC 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 EAU TECHNOLOGIES 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 EAU TECHNOLOGIES. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile EAU TECHNOLOGIES INC 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.
Continue to Investing Opportunities. Note that the EAU TECHNOLOGIES INC information on this page should be used as a complementary analysis to other EAU TECHNOLOGIES's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running EAU TECHNOLOGIES INC price analysis, check to measure EAU TECHNOLOGIES'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 EAU TECHNOLOGIES is operating at the current time. Most of EAU TECHNOLOGIES's value examination focuses on studying past and present price action to predict the probability of EAU TECHNOLOGIES's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move EAU TECHNOLOGIES's price. Additionally, you may evaluate how the addition of EAU TECHNOLOGIES to your portfolios can decrease your overall portfolio volatility.
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Is EAU TECHNOLOGIES's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EAU TECHNOLOGIES. If investors know EAU TECHNOLOGIES will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EAU TECHNOLOGIES listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
328.6 K
Quarterly Revenue Growth YOY
1.03
Return On Assets
-0.69
The market value of EAU TECHNOLOGIES INC is measured differently than its book value, which is the value of EAU TECHNOLOGIES that is recorded on the company's balance sheet. Investors also form their own opinion of EAU TECHNOLOGIES's value that differs from its market value or its book value, called intrinsic value, which is EAU TECHNOLOGIES's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EAU TECHNOLOGIES's market value can be influenced by many factors that don't directly affect EAU TECHNOLOGIES's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EAU TECHNOLOGIES's value and its price as these two are different measures arrived at by different means. Investors typically determine EAU TECHNOLOGIES value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EAU TECHNOLOGIES's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.