Ecgi Holdings Correlations


USD 0.21  0.02  10.53%   

The correlation of Ecgi Holdings 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 Ecgi Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecgi Holdings 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.
Continue to Investing Opportunities.
The ability to find closely correlated positions to Ecgi Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecgi Holdings 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 Ecgi Holdings - 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 Ecgi Holdings to buy it.

Moving together with Ecgi Holdings

0.64ZBHZimmer Biomet HoldingsPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   

Ecgi Holdings Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Ecgi Holdings stock performing well and Ecgi Holdings 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 Ecgi Holdings' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
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 

Similar Equity Warning - ECGI

Ecgi Holdings was forked

The entity Ecgi Holdings with a symbol ECGI was recently forked. You can potentially use MERUS LABS INTERNATIONAL with a symbol MSLI from now on.

Investing Ecgi Holdings

You need to understand the risk of investing before taking a position in Ecgi Holdings. The danger of trading Ecgi Holdings 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 Ecgi Holdings 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 Ecgi Holdings. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ecgi Holdings 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 Ecgi Holdings information on this page should be used as a complementary analysis to other Ecgi Holdings' 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Ecgi Holdings OTC Stock analysis

When running Ecgi Holdings price analysis, check to measure Ecgi Holdings' 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 Ecgi Holdings is operating at the current time. Most of Ecgi Holdings' value examination focuses on studying past and present price action to predict the probability of Ecgi Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ecgi Holdings' price. Additionally, you may evaluate how the addition of Ecgi Holdings to your portfolios can decrease your overall portfolio volatility.
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Is Ecgi Holdings' 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 Ecgi Holdings. If investors know Ecgi Holdings 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 Ecgi Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
1.9 M
Return On Assets
The market value of Ecgi Holdings is measured differently than its book value, which is the value of Ecgi Holdings that is recorded on the company's balance sheet. Investors also form their own opinion of Ecgi Holdings' value that differs from its market value or its book value, called intrinsic value, which is Ecgi Holdings' 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 Ecgi Holdings' market value can be influenced by many factors that don't directly affect Ecgi Holdings' 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 Ecgi Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Ecgi Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecgi Holdings' 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.