ECGI Holdings Correlations

ECGI Stock

USD 0 0.0001 9.09%

The current 90-days correlation between ECGI Holdings and Juniata Valley Financial is 0.17 (i.e., Average diversification). The correlation of ECGI Holdings 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.

ECGI Holdings Correlation With Market

Average diversification

The correlation between ECGI Holdings and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ECGI Holdings and DJI in the same portfolio, assuming nothing else is changed.

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 Pink Sheet

0.76

MRK

Merck Company Fiscal Year End 6th of February 2025

Pair Corr

Moving against ECGI Pink Sheet

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0.51	GMNFF	GobiMin	Pair Corr
0.46	DXCM	DexCom Inc	Pair Corr
0.42	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr
0.39	AWCMF	Alumina Limited	Pair Corr
0.34	SYK	Stryker	Pair Corr
0.68	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.65	T	ATT Inc Aggressive Push	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.59	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.57	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.57	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.54	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.49	DIS	Walt Disney	Pair Corr
0.48	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	JUVF	SNCY	KODK	FDVA	HAFN	JDDSF	APAM	PAL
JUVF		0.54	0.56	-0.47	-0.51	-0.19	0.34	-0.09	JUVF
SNCY	0.54		0.41	0.01	-0.94	0.34	0.79	-0.75	SNCY
KODK	0.56	0.41		-0.08	-0.4	-0.5	0.59	-0.2	KODK
FDVA	-0.47	0.01	-0.08		0.01	0.04	0.28	-0.24	FDVA
HAFN	-0.51	-0.94	-0.4	0.01		-0.28	-0.81	0.83	HAFN
JDDSF	-0.19	0.34	-0.5	0.04	-0.28		0.02	-0.45	JDDSF
APAM	0.34	0.79	0.59	0.28	-0.81	0.02		-0.76	APAM
PAL	-0.09	-0.75	-0.2	-0.24	0.83	-0.45	-0.76		PAL
	JUVF	SNCY	KODK	FDVA	HAFN	JDDSF	APAM	PAL

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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

PAL	+ 0.83	HAFN
APAM	+ 0.79	SNCY
APAM	+ 0.59	KODK
KODK	+ 0.56	JUVF
SNCY	+ 0.54	JUVF
KODK	+ 0.41	SNCY

High negative correlations

HAFN	- 0.94	SNCY
APAM	- 0.81	HAFN
PAL	- 0.76	APAM
PAL	- 0.75	SNCY
HAFN	- 0.51	JUVF
JDDSF	- 0.5	KODK

Risk-Adjusted Indicators

There is a big difference between ECGI Pink Sheet performing well and ECGI Holdings 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 ECGI Holdings' 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
JUVF	1.73	0.14	0.00	(0.32)	2.67	(1.75)	3.51	(4.61)	10.33
SNCY	2.63	0.28	0.11	0.33	2.61	(3.11)	7.47	(4.50)	16.71
KODK	2.86	0.22	0.09	0.20	3.40	(3.69)	7.91	(4.55)	26.51
FDVA	0.70	0.06	(0.02)	0.48	0.93	(1.01)	2.24	(1.40)	7.21
HAFN	1.78	(0.41)	0.00	(16.44)	0.00	0.00	3.44	(4.15)	9.20
JDDSF	0.54	(0.13)	0.00	(0.38)	0.00	0.00	0.00	0.00	29.30
APAM	1.31	0.09	0.09	0.16	1.67	(1.37)	2.52	(2.47)	12.25
PAL	2.73	(1.03)	0.00	(0.56)	0.00	0.00	4.52	(5.04)	33.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in ECGI Holdings 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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ECGI Holdings Corporate Management

Danny Wong	Acting Consultant	Profile
Nicholas Bozza	Chief Officer	Profile
Joseph Hashim	VP Marketing	Profile
William Chung	CEO Directors	Profile
Richard Owsik	Consultant	Profile

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