EZCORP Correlations

EZPW
 Stock
  

USD 10.02  0.06  0.60%   

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

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   
JPMT
JPMA
XOMMRK
MRKJPM
XOMJPM
JPMTWTR
  
High negative correlations   
MRKMSFT
XOMMSFT
MRKUBER
CRMTWTR
MSFTTWTR
XOMUBER

EZCORP Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between EZCORP Stock performing well and EZCORP 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 EZCORP'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 1.73  0.52  0.18 (1.37)  1.73  0.13 (1.84)  3.56 (2.97)  27.10 
MSFT 1.81 (0.02)  0.00  0.16  0.00 (0.0386)  0.00  3.92 (3.54)  11.64 
UBER 2.79  0.06  0.01  0.25  3.22  0.0046 (3.38)  8.60 (5.58)  19.67 
F 1.95 (0.10)  0.00  1.64  0.00 (0.06)  0.00  2.75 (5.14)  14.93 
T 1.27  0.16  0.06 (7.56)  1.22  0.05 (1.43)  2.54 (2.11)  9.29 
A 1.71  0.31  0.13 (3.03)  1.62  0.11 (2.06)  3.98 (2.97)  11.04 
CRM 2.20  0.02 (0.01)  0.17  2.64 (0.0132) (2.24)  4.31 (4.29)  14.31 
JPM 1.49  0.32  0.15 (1.25)  1.27  0.13 (1.60)  4.20 (2.15)  7.57 
MRK 1.03  0.36  0.23  16.75  0.89  0.22 (1.22)  2.44 (1.71)  7.38 
XOM 1.62  0.17  0.06  0.81  1.90  0.06 (1.68)  3.65 (3.00)  9.75 

EZCORP 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 EZCORP stock to make a market-neutral strategy. Peer analysis of EZCORP could also be used in its relative valuation, which is a method of valuing EZCORP by comparing valuation metrics with similar companies.
American AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health CorpChevron CorpHome DepotInternational BusinessIntelMetLifeATT IncTargetUnited Parcel Service
 Risk & Return  Correlation

EZCORP Corporate Directors

EZCORP corporate directors refer to members of an EZCORP board of directors. The board of directors generally takes responsibility for the EZCORP's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of EZCORP's board members must vote for the resolution. The EZCORP board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Matthew Appel - DirectorProfile
Thomas Roberts - DirectorProfile
Pablo Espinosa - Independent DirectorProfile
Rosa Zeegers - Independent DirectorProfile

Invested in EZCORP Inc?

The danger of trading EZCORP 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 EZCORP 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 EZCORP. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile EZCORP 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. You can also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Other Tools for EZCORP Stock

When running EZCORP Inc price analysis, check to measure EZCORP'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 EZCORP is operating at the current time. Most of EZCORP's value examination focuses on studying past and present price action to predict the probability of EZCORP's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move EZCORP's price. Additionally, you may evaluate how the addition of EZCORP to your portfolios can decrease your overall portfolio volatility.
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go