Electronic Systems Correlations

ELST Stock

USD 0.12 0.06 33.33%

The current 90-days correlation between Electronic Systems and TPT Global Tech is -0.03 (i.e., Good diversification). The correlation of Electronic Systems 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.

Electronic Systems Correlation With Market

Good diversification

The correlation between Electronic Systems Technology and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Electronic Systems Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Electronic Pink Sheet

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0.44	HD	Home Depot	Pair Corr
0.42	BAC	Bank of America Aggressive Push	Pair Corr
0.35	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.35	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.34	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.33	PG	Procter Gamble Sell-off Trend	Pair Corr
0.33	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.31	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	BEWFF	FEIM	WLAN	TPTW	ATCLF	MLRT	BDRL	SONM	FKWL
BEWFF		0.09	0.26	0.18	-0.14	0.18	-0.24	0.63	-0.07	BEWFF
FEIM	0.09		-0.42	-0.48	-0.45	-0.33	0.72	-0.17	-0.51	FEIM
WLAN	0.26	-0.42		0.56	0.69	0.04	-0.64	0.34	0.33	WLAN
TPTW	0.18	-0.48	0.56		0.57	0.16	-0.55	0.22	0.53	TPTW
ATCLF	-0.14	-0.45	0.69	0.57		-0.03	-0.49	-0.08	0.63	ATCLF
MLRT	0.18	-0.33	0.04	0.16	-0.03		-0.21	0.29	0.23	MLRT
BDRL	-0.24	0.72	-0.64	-0.55	-0.49	-0.21		-0.45	-0.38	BDRL
SONM	0.63	-0.17	0.34	0.22	-0.08	0.29	-0.45		0.07	SONM
FKWL	-0.07	-0.51	0.33	0.53	0.63	0.23	-0.38	0.07		FKWL
	BEWFF	FEIM	WLAN	TPTW	ATCLF	MLRT	BDRL	SONM	FKWL

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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

BDRL	+ 0.72	FEIM
ATCLF	+ 0.69	WLAN
SONM	+ 0.63	BEWFF
FKWL	+ 0.63	ATCLF
ATCLF	+ 0.57	TPTW
TPTW	+ 0.56	WLAN

High negative correlations

BDRL	- 0.64	WLAN
BDRL	- 0.55	TPTW
FKWL	- 0.51	FEIM
BDRL	- 0.49	ATCLF
TPTW	- 0.48	FEIM
SONM	- 0.45	BDRL

Risk-Adjusted Indicators

There is a big difference between Electronic Pink Sheet performing well and Electronic Systems 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 Electronic Systems' 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
BEWFF	3.31	0.10	0.00	0.39	3.56	(6.23)	10.34	(7.81)	26.11
FEIM	1.26	(0.06)	0.00	(0.04)	0.00	0.00	2.50	(2.55)	9.52
WLAN	6.60	0.58	0.04	(2.50)	6.65	(13.38)	18.75	(13.33)	43.08
TPTW	17.49	4.24	0.08	(1.04)	16.26	(100.00)	100.00	(50.00)	250.00
ATCLF	2.73	0.60	0.00	1.91	0.00	0.00	0.00	0.00	138.53
MLRT	8.90	2.02	0.10	(0.93)	10.92	(12.19)	25.77	(21.67)	65.03
BDRL	6.31	1.25	0.11	(1.01)	5.73	(11.76)	18.75	(10.00)	37.65
SONM	2.88	0.33	0.12	0.38	2.77	(3.66)	7.51	(5.69)	26.55
FKWL	1.63	(0.04)	(0.02)	0.09	1.91	(1.69)	3.17	(2.85)	15.19

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Our tools can tell you how much better you can do entering a position in Electronic Systems 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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