Eurocastle Investment Correlations

ECT Stock

EUR 7.40 0.80 9.76%

The correlation of Eurocastle Investment 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Eurocastle Investment Correlation With Market

Good diversification

The correlation between Eurocastle Investment and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eurocastle Investment and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Eurocastle Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eurocastle Investment 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 Eurocastle Investment - 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 Eurocastle Investment to buy it.

Moving against Eurocastle Stock

0.56	CVC	CVC Capital Partners	Pair Corr
0.37	DGB	DGB Group NV	Pair Corr
0.34	AGN	Aegon NV	Pair Corr

Related Correlations Analysis

	TFG	CTAC	SRIL	HYDRA	IUSP	AALB	VALUE	VUSA	IBTS	VUTY
TFG		-0.4	0.8	0.47	0.69	0.16	0.57	0.88	0.86	0.71	TFG
CTAC	-0.4		-0.48	-0.45	-0.45	0.14	0.02	-0.47	-0.5	-0.33	CTAC
SRIL	0.8	-0.48		0.58	0.84	0.42	0.62	0.96	0.92	0.89	SRIL
HYDRA	0.47	-0.45	0.58		0.36	0.18	0.41	0.61	0.57	0.45	HYDRA
IUSP	0.69	-0.45	0.84	0.36		0.15	0.57	0.83	0.85	0.86	IUSP
AALB	0.16	0.14	0.42	0.18	0.15		0.37	0.28	0.21	0.42	AALB
VALUE	0.57	0.02	0.62	0.41	0.57	0.37		0.66	0.66	0.72	VALUE
VUSA	0.88	-0.47	0.96	0.61	0.83	0.28	0.66		0.98	0.88	VUSA
IBTS	0.86	-0.5	0.92	0.57	0.85	0.21	0.66	0.98		0.91	IBTS
VUTY	0.71	-0.33	0.89	0.45	0.86	0.42	0.72	0.88	0.91		VUTY
	TFG	CTAC	SRIL	HYDRA	IUSP	AALB	VALUE	VUSA	IBTS	VUTY

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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

IBTS	+ 0.98	VUSA
VUSA	+ 0.96	SRIL
IBTS	+ 0.92	SRIL
VUTY	+ 0.91	IBTS
VUTY	+ 0.89	SRIL
VUSA	+ 0.88	TFG

High negative correlations

IBTS	- 0.5	CTAC
SRIL	- 0.48	CTAC
VUSA	- 0.47	CTAC
IUSP	- 0.45	CTAC
HYDRA	- 0.45	CTAC
CTAC	- 0.4	TFG

Risk-Adjusted Indicators

There is a big difference between Eurocastle Stock performing well and Eurocastle Investment 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 Eurocastle Investment'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
TFG	1.51	0.62	0.31	(1.02)	0.81	(2.26)	4.04	(2.02)	15.13
CTAC	1.55	(0.03)	(0.03)	0.01	2.11	(1.84)	3.89	(4.29)	11.02
SRIL	0.51	0.07	0.00	0.39	0.44	(0.61)	1.27	(0.84)	3.92
HYDRA	1.37	0.23	0.04	(2.28)	1.80	(2.38)	5.00	(5.41)	13.38
IUSP	0.56	0.01	(0.08)	0.11	0.66	(0.63)	1.40	(1.19)	3.69
AALB	1.36	(0.02)	(0.04)	0.06	1.53	(1.54)	4.37	(2.66)	9.89
VALUE	1.00	0.06	(0.03)	(0.13)	1.14	(1.63)	3.45	(2.52)	6.84
VUSA	0.50	0.17	0.16	0.84	0.27	(0.59)	1.06	(1.03)	5.48
IBTS	0.26	0.07	(0.06)	4.76	0.00	(0.31)	0.68	(0.40)	2.37
VUTY	0.27	0.02	(0.23)	0.29	0.20	(0.33)	0.83	(0.49)	1.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in Eurocastle Investment 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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